Home Equity Loan

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Financial Relief with a Home Equity Loan

Use the equity in your home to relieve you of financial pressure.  If financial obligations become overwhelming and just paying your mortgage payments can be daunting.  The reasons for  facing financial difficulties;  reduction in income, high interest debt on many credit cards, sudden and unforeseen expenses, required renovations, life changes in your family dynamics and [...]

By |October 24th, 2014|Blog, Home Equity Loan, Residential Mortgages|Comments Off on Financial Relief with a Home Equity Loan

Tips for Hiring a Contractor for Renovations

If you have just purchased a home and require a mortgage or you already have a mortgage and require renovations, you will want to know the best mortgage solution and how to hire the right contractor for renovations.  Professional contractors are in the service business and a significant part of the value they provide lies [...]

By |August 23rd, 2014|Blog, Home Equity Loan, Home Mortgage, Mortgage Refinancing, Residential Mortgages, Second Mortgage|Comments Off on Tips for Hiring a Contractor for Renovations

Questions to Prepare Before Meeting a Mortgage Broker

If you are a first time home buyer, chances are you need a mortgage.  Ontario Mortgage Brokers provide their professional opinion and will ask questions about your financial situation and future plans to ensure that your not exposed to undue risk and to find a suitable mortgage product.  It's always best to prepare before meeting [...]

By |August 4th, 2014|Blog, Debt Consolidation Loan, Home Equity Loan, Home Mortgage, Mortgage Refinancing, Mortgage Renewal, Residential Mortgages, Second Mortgage|Comments Off on Questions to Prepare Before Meeting a Mortgage Broker

What does it mean to be House Rich but Cash Poor?

What does it mean to be  House Rich but Cash Poor?  House rich but cash poor means housing costs take up most of your income,  leaving you with an expensive house (house rich) and little money for anything else (cash poor) or your house takes up 30% or more of household income.   If this [...]

By |May 25th, 2014|Blog, Home Equity Loan, Home Mortgage, Mortgage Refinancing, Mortgage Renewal, Residential Mortgages|Comments Off on What does it mean to be House Rich but Cash Poor?