Why Borrowers Choose a Private Mortgage
More Canadians have started to turn to private lenders in search of mortgage financing. With mortgage regulations continually becoming stricter and tightening the lending gap, many would-be homeowners are being squeezed out of their dreams. Private mortgages abide by a similar set of parameters as the ones commonly imposed by many banks. However, these parameters…
Read moreRaising Property Value and How to Pay for It
For most people, a house is the most expensive purchase they will make in their lifetime, and aside from the obvious (having a place to live), homebuyers have incomparable incentives to own property. Not only do they secure a home for themselves and their families, but a real estate asset can also be liquidated in…
Read moreWhat are home equity loans? A guide for Canadians
Almost everyone takes out a loan to buy a home. As the loan is being paid back, you build up the equity in your home. Home equity is the difference between the market value of your home and what you owe that bank on the loan.
Read moreDealing 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.
Read moreHow 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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