A home is a significant asset for Canadian families, with strong potential for growth if adequately protected. Safeguards for your investment are essential to avoid foreclosure or power of sale. Understanding the difference between Home Equity Loans and HELOCs (Home...
You found the right home, and you now need money to buy it. Click here for some tips to get approved for a mortgage to buy your dream house!
In 2020, banks issued deferrals to almost 800,000 Canadian mortgages. Once payments resumed, Canadian homeowners decided they no longer wanted to worry about mortgage payments and looked for ways to eliminate the debt. Loans are common options for paying off a...
According to the Financial Post, rising interest rates aren't good news for some home equity borrowers. Those with fixed-rate home equity loans won't feel the difference. But, those with a variable rate home equity line of credit may see their rate go up. HELOC...
Canada is a nation of homeowners, with nearly 70% of Canadians owning a home. Homeownership comes with many benefits, but one of the best is building equity. Equity represents the difference between what you can sell your home for and the amount you still owe on the...
When it comes to getting a home equity loan, you have options. Two common options are mortgage brokers and banks. In this article, we'll explore the advantages of using a mortgage broker over a bank for your home equity loan needs. But first, let's take a quick look...
Are you considering renovating your home but unsure about the best way to finance your projects? Whether it's updating your kitchen, renovating your bathroom, or adding that dream outdoor space. Nevertheless, the expenses linked to renovations can swiftly accumulate,...
Are you a homeowner in Canada looking for ways to optimize your tax situation? Home equity loans could be the solution you've been seeking. Not only can they provide you with much-needed funds, but they also offer potential tax benefits that can lighten your financial...