Will the Bank of Canada Raise Interest Rates on September 8th?
Canadians considering taking out a second mortgage or home equity loan should be aware that the Bank of Canada could announce a further hike in interest rates on September 8, although a rate hike is much less certain than a month ago.
Read moreUsing a Second Mortgage to Purchase U.S. Vacation or Retirement Property
With sales of U.S. housing hitting record lows, now may be the time to use a second mortgage to finance the purchase of your dream vacation or retirement property in the U.S. Sunbelt.
Read moreInterest Rates: Who Will Set the Market?
Downward pressure on interest rates due to a bond market rally has acted as a counterweight to recent Bank of Canada rate hikes, keeping interest rates low for home equity lines of credit and other mortgage products.
Read moreUsing a Second Mortgage to Reinvest in Your Home Pays Off
Reinvesting in an existing home with a second mortgage to make home improvements is a strategy that has paid off for Canadian homeowners.
Read moreBuy Up? Or Build Up with a Second Mortgage?
In uncertain economic times is it better to use a second mortgage to renovate and make home improvements; or, given current low interest fixed rate mortgages, is it the time to trade up to a home with all the features you want?
Read moreUsing a Second Mortgage for Real Estate Investments
Using a second mortgage to tap into your home equity in order to buy a rental property may be a sound financial strategy. A knowledgeable and experienced mortgage broker can help guide you through the potential risks
Read moreInterest Rates on Second Mortgages
Second Mortgages Can be Taken Out for Emergency Expenses, Home Renovations or Payment of Other Debts
Read moreContact Us
Contact us today to set up an appointment.