Second mortgages in Canada: 6 reasons you may need one
We’re living in a world where certain financial obligations must be settled on time. It could be college tuition, renovation costs, emergency repair bills, debt consolidation or even paying for a wedding. Whatever it is, it can’t wait
Read moreDebt Consolidation and Refinancing Options for Canadian Homeowners
For many Canadian homeowners, paying off debt is the number one priority for achieving financial health. Here we explore various debt consolidation and refinancing options Canadian homeowners can choose from to achieve financial freedom once and for all.
Read moreWhen (and How) to Use Second Mortgages
If you’re a homeowner, deciding whether to extract equity from your property is one of the most important decisions you’ll ever make. If you leave your existing first mortgage intact, and look to add another loan on top, this is what is known as a second mortgage. This is a potentially powerful financing options for homeowners with a lot of equity or those struggling to qualify for an unsecured loan.
Read moreShould Senators be Forced to Buy Two Homes?
We all know the trials and tribulations that can come with financing a second property. If it wasn’t, we’d all own a home on the West and East coast, and maybe even another one in between. So with the high cost and the headache, is it fair that we force some Canadian politicians to own…
Read moreSecond Mortgage or Home Equity Line of Credit?
Second mortgages and home equity lines of credit can be a real help to homeowners when they need some extra cash. But what exactly is the difference? The two are very much related, as a home equity line of credit, or HELOC, is a type of second mortgage. A second mortgage is any mortgage that…
Read moreSecond Mortgage Requirements in Ontario
When homeowners have a good deal of value already built up in their home, tapping into that home equity can be a great way to get cash when you need it – and a second mortgage in Ontario can help you do it. But what are the requirements for a second mortgage? What you’ll need…
Read moreGoing into JV? Let a Second Mortgage Protect Your Investment!
Real estate is getting expensive in Canada. Every month it seems sees an increase in prices, especially in Canada’s major urban centers. While this has a lot of impact on homebuyers that are on the market, it has a different kind of impact on real estate investors – and it’s pushing a lot of them…
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