A home equity lines of credit (HELOC) is an option available to home owners that allows them to leverage the equity they have built up in their homes. When you apply for this type of loan, you can choose to receive a lump sum of cash to use as you please (Full amount or partial), or borrow the sum over time to use as you please.(more…)
Do you need to use the equity in your home? Are you looking for a convenient way to access cash for home renovations, business investment, or debt consolidation? Then you may be considering a second mortgage. With a second mortgage, you can borrow against the equity in your home without breaking your current mortgage, thus avoiding unwanted penalties!
But how do you know if a second mortgage is the right product for you? (more…)
For many, home ownership is a good step towards building a financial nest egg, but what happens when traditional lenders won’t approve you for a mortgage? Until recently, only about 4-5% percent of mortgages in Canada have been from private lenders, but as stricter rules have come into effect, we are seeing that number starting to rise. (more…)
Most adults have several different types of debt; Credit card, car loan, line of credit, and the biggest one, your mortgage. There is nothing wrong with this, but we have to be careful to use these credit lines properly, to know what the product is, and whether you are getting the best product for your needs.(more…)
Debt consolidation compiles all your debts and creditor dues into a single loan with one easy payment. This makes it easier for the borrower as it is less time consuming, less interest paid, it strengthens their credit score, and simplifies their repayment process. A debt consolidation loan’s terms will depend on your credit score (the better your credit score, the better the interest rate), amount of debt, and type of loan taken.
Debt consolidation loans cover many types of loans, some of which could be credit card loans, medical bills, personal loans, mortgages, payday loans and more.
How to Get a Debt Consolidation Loan?
Foreclosure is an unfortunate event and it can happen to anyone, even you. The good news is, if you are still in your home but you’re already in foreclosure, you may be able to stop it. Generally speaking, real estate lawyers or very specialized mortgage agents, are the only people who are qualified to explain what Foreclosure and Power of sale means and what might be done about stopping it as we have the experience and expertise to analyze all documentation to help you make an informed decision.