Canadians and the Secured Line of Credit Test
Having, or getting, a ‘secured line of credit’ has become a very trendy term these days. With interest rates so low and the government imposing new rules to actually encourage this type of borrowing, it’s no wonder why. Secured lines of credit can be very beneficial, and are the answer many homeowners have been looking for. But, results from a poll recently done by Leger Marketing were released on Tuesday – and the results are enough to make any Canadian sit up and take notice. Especially if they have a secured line of credit.
Read moreIs a Secured Line of Credit the Only Way to Complete Home Renos?
So you want to add onto your home. Or redo your kitchen, or your bathroom. You need the extra space and you know that it will add a lot of value to your home. The problem is that you don’t have the extra cash laying around in your bank account to do it. So, what’s a homeowner to do?
Read moreHome Equity Loans – Advice on Consumer Debt
A home equity loan can be a valuable tool for home repairs and investments that add to your bottom line, while avoiding high interest consumer loans or carrying large credit card balances.
Read moreUsing a Home Equity Line of Credit to Balance Budgets
As governments work to reign in deficits, individual homeowners can improve their own budgets by using a home equity line of credit to service existing debt owed on high interest loans and/or credit cards.
Read moreDebt Consolidation Pertinent as Interest Rates Rise
As governments talk about tightening monetary policy, debt consolidation under a secured line of credit is a pertinent issue for homeowners carrying high interest credit card debt and other loans.
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