Debt Consolidation Under a Secured Home Equity Line of Credit
Consolidating high interest household debt under a lower interest home equity line of is a proactive solution for some homeowners with sufficient levels of home equity.
Read moreKey Differences in U.S. and Canadian Home Mortgage Markets Overlooked
Comparisons of Canadian mortgage and housing markets to their U.S. counterparts ignores key differences in underlying practices that skewed U.S. markets and led to a U.S. housing collapse.
Read moreMortgage and Housing Comparisons Overlook ‘Widespread Corruption’ in U.S.
Financial doomsayers, describing how Canadian mortgage and housing markets are a “bubble” about to burst in a U.S.-style collapse, largely overlook the roles that securitization and widespread corruption played in distorting mortgage and real estate markets south of the border.
Read moreOnline Mortgage Brokers, Now Commission-Free Real Estate Listings Go On-line
The savings garnered from using an online mortgage broker are now multiplied by the introduction of a commission-free listings service that challenges the monopoly held by the Canadian Real Estate Association’s MLS listing service.
Read moreSecond Mortgages Finance Vacation Properties in U.S.-Sunbelt
Canadians tap into home equity, using second mortgages to purchase vacation properties at market-bottom prices in the American Sunbelt.
Read moreCanadians Relationship to Debt “Prudent” says CIBC’s CEO
CIBC’s CEO praises Canadians’ native prudence regarding rising debt levels, attributing Canada’s slowing housings markets to a reluctance to take on further debt.
Read moreUsing a Home Equity Line of Credit to Repair Household Balance Sheets
Consolidating high interest consumer loans and credit card balances under a lower-interest secured, home equity line of credit, is a strategy to help homeowners living from paycheque-to-paycheque reduce payments and build savings.
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