The Basic Mortgage Terminology
A few common terms used by mortgage brokers that should be known and understood by customers.
Read moreGenerating Income through a Second Mortgage or Home Equity Loan
Using a second mortgage or home equity loan to tap into existing home equity for investment purposes can generate a favourably taxed income stream from otherwise ‘dead’ money.
Read moreReassuring Analysis on Home Prices and Existing Home Equity
Homeowners seeking to access existing equity through a second mortgage or home equity loan, may be reassured by a forecast from RBC Economics that concludes economic fundamentals do not show a Canadian housing bubble that is ready to burst.
Read moreHousing Numbers Do Not Point to Drop in Home Equity
Homeowners considering a home equity loan need not be overly concerned by recent housing numbers.
Read moreRecently Divorced Father Should Take a Second Mortgage for Debt Consolidation
A recently divorced father who still has to finance his daughter through university, is recommended to consider a second mortgage as a financial aid option.
Read moreLeveraging Home Equity in Balanced Markets
Financing home improvements through a home equity line of credit, second mortgage or home equity loan, may be a strategic use of existing equity in more balanced real estate markets.
Read moreWill 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.
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