Is My Bank The Only Option For A Second Mortgage?
Is My Bank The Only Option For A Second Mortgage? There are many reasons why you would want to take out a second mortgage, and whatever that reason may be, you still need to get the money you need in a safe and fast manner. The most popular way to do that is to usually […]
Why Consolidating Your Debts Makes Sense
Consolidating your debt can make sense no matter how much you owe. The average Canadian’s consumer debt was $72,950 in 2019. That has increased beyond the previous years. This doesn’t include mortgage, student loans or car loans. Clearly, debt is a serious concern for millions of people in Canada. Is the answer to consolidate debt? […]
What Types of Mortgages are Available to Canadians?
Navigating through the various types of mortgages available to Canadians can help you secure a great mortgage. 67.8 percent of Canadian families own their principal residence, according to the latest data. It’s one of the highest homeownership rates of any country in the world. For the vast majority of Canadian households, the dream of owning has […]
Why You Should Use a Mortgage Broker
From banks to credit unions there are reasons why you should use a mortgage broker. There are various routes to homeownership in Canada and using a mortgage broker is just one option. It is also the most prudent and ensures a much smoother process. From mortgage renewals to new homeowners, these professionals have the industry […]
What To Do If My Mortgage Renewal Is Declined
Thinking about what to do if your mortgage renewal has been declined? Your mortgage is the foundation of your home. Mortgages in Canada are normally boasted of as a way to achieve security, stability, and prosperity. However, securing and retaining a mortgage is never a guarantee. One in ten Canadians struggles to make their mortgage […]
Effective Mortgage Arrears Strategies
Mortgage arrears strategies are important in order to avoid foreclosure or power of sale. Having a mortgage loan in arrears means that you are behind on payments with your mortgage lender. Missing multiple payments could rapidly put you into mortgage arrears. Being in mortgage arrears means that you owe money that you should have already […]
What Does It Mean to Co-Sign for a Mortgage
Thinking about what it will mean if you co-sign for a mortgage? With the rising housing costs in Canada, it can be difficult for an individual to qualify for a mortgage loan. Luckily, there are other options for individuals who do not qualify for a mortgage on their own. Having someone co-sign a loan is […]
Mental Tips to Get Out of Debt
There are several mental tips to get out of debt faster in order to alleviate stress and anxiety. Debt can weigh you down as much mentally and emotionally as it does financially. Getting out of debt is more than just a matter of creating a sound budget; it is a state of mind. If you […]
Take the Title: The Importance of Title Insurance
If you’re new to homeownership, understanding the importance of title insurance might be a new concept to you. It’s an important part of homeownership that can save you from financial losses later on. We’ll be covering everything you need to know about the importance of title insurance, from what it is to what it covers. […]
Basement Renovation On a Budget: Here’s What You Need to Know
How to keep a basement renovation on a budget. Do you have an unfinished basement right now? Having an unfinished basement means you have endless opportunities! It is a blank canvas just waiting for you to dive in and create a space that makes the basement feel like a part of your home. Finishing a […]