What is a second mortgage, and why would you want to get it? It sounds like a huge financial burden, getting you into even more debt. The good news, however, is that it’s not. A …
Continue readingTag: MORTGAGE
How to Get a Rate Cut on Your Mortgage in Toronto
The average mortgage interest rate in Toronto is 3.1%. The lowest rates are found in the suburbs, where many homes for sale and less competition among borrowers drive down prices. Additionally, many lenders offer fixed-rate …
Continue readingHow to Find Out How Much You Can Borrow
If you’re in a situation of buying a home, you need to be aware of the harsh reality – as much as you want to buy it, lenders want to loan you as much money …
Continue readingWhat Should I Prepare Before Applying For A Mortgage Approval
Educating yourself is the best approach if you are planning to apply for a mortgage. Understanding the mortgage process will ultimately save you more time and more money. To ensure that your mortgage application will …
Continue readingHow Long Does It Take to Get a Mortgage?
Getting a mortgage takes approximately 18 to 40 days. However, it depends on circumstances such as an individual’s situation and market status. In a time of fast deliveries and quick online services, we are used …
Continue reading4 Facts You Should Know About Qualifying For Equity Release
Equity release is a financial plan that is designed to help an individual that is older than 55 years of age secure a loan against his home. This type of loan has of late become …
Continue readingHow your credit score works
If you’re planning to make a major purchase anytime soon, you need to know more about how loans work, and that includes knowing everything there is to know about your credit score. If you do …
Continue reading