The Benefits of Debt consolidation: Debt consolidation is simply the combining of all your debt into one debt. This is cleared off with monthly payments at low-interest rates. It is an automatic payment and can help you recover your financial status with ease. It also helps you to bring back a stability to your finances. […]
Buying your first home can be both exhilarating and terrifying. It’s a bit like riding a roller coaster – there is the thrill of the ride, yet there can also be fear of the unknown. Oftentimes, when first-time homebuyers apply for a mortgage, they are not sure what kind of mortgage to apply for. They […]
Self-employed individuals, persons who are new to Canada and other people with bad or bruised credit history may not be able to avail a traditional mortgage. It is better for them to go for a private mortgage. Even people who fit the criteria for a traditional mortgage opt for a private mortgage because they get […]
A commercial mortgage is a common term among business professionals and you may have heard of it as a source to fund your business suggested by your colleagues or other experts. But what is it really? Are you eligible for it? If so, how can you get it? We answer all these questions below. What […]
A self-employed mortgage is a loan available to business owners and entrepreneurs and individuals who are working for themselves. These are considered to be mortgages of higher risk as the income of the borrower depends on the business and is not fixed. This is why lenders are a little weary when it comes to giving […]
A home equity line of credit is a way to borrow money against the equity present in your home. Like any other credit card payments or loan payments, you are required to make monthly payments against the borrowed amount. Some benefits are listed below: It provides lower rates when compared to other types of credit. […]
Second mortgages refer to the mortgage you take out on a home with a pre-existing mortgage plan. Second mortgages are a complicated plan to consider and you should really look at other options before considering them. If you require a low amount or want a simpler plan which doesn’t wreak havoc on your finances, consider […]
Mortgage refinance is a process which allows you to refinance your mortgage in a way which could maybe save you a lot of money. It provides a way for you to look at your current financial position and then plan and get a mortgage which is relevant. There are a few mistakes to avoid when […]
