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Dealing with Unexpected Housing Costs as a Home Owner
Housing prices are up, and bank loan requirements are getting harder to meet. You’d think the Canadian dream of homeownership would be gasping for breath, but on the contrary, demand is alive and kicking. Even millennials, a demographic known to spend on experiences rather than investments, contribute a large chunk of the market, with 43.6% of them having already realized the dream and another 39% intending to buy in 2019.
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How to best leverage your home equity
A house fulfills the basic need for shelter, the typical homebuyer refers to it as an “investment,” they don’t usually mean that the property will yield any financial returns. However, a house can also be a wealth-building asset—if you know how to leverage your equity properly.
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Who can borrow money from private lenders?
Real estate is often touted as one of the most effective ways of growing wealth, but the caveat is that it is very capital intensive. If you want to invest in real estate, you can get financing in several ways, aside from using your personal cash. You can get loans from traditional lending institutions (which usually mean banks), credit unions, insurance companies, investment firms, monolines […]
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