Most homeowners are vaguely aware that you can take out a second loan on your home. Perhaps a family member close to you has gone through the process or maybe you hear your friends mention it. But do you truly know what it means to take out a second mortgage? We have taken all the […]

December 2018 shows modest job gains and an unemployment rate that remains at a record-low 5.6%, according to Statistics Canada’s updated Labour Force Survey. There is a minor increase from the prior month, 9,300 new jobs were generated in December. However, economists’ expectations of 5,500 jobs and a jobless rate of 5.7% have been beaten […]

People understand what refinancing a home is but they have trouble explaining how it works. Refinancing your home, to put it simply, allows you to access the equity you have built up by changing the mortgage amount. For example, you bought a $300,000 condo and you paid 20%, which is $60,000, for your down payment […]

Are there any alternative ways to get a home renovation loan from Home Equity and Personal Loans? You can also check these options if you’re looking for alternative options for the Home Equity and Personal Loans. Home Equity Line of Credit Home equity lines of credit, a type of home equity loan, allows you to […]

Are you looking for a mortgage for your home renovation? You have a lot of options for financing your home renovations. Every option has its own pros and cons. To decide which is best for you, you should explore them all. Talk to your lender so they can further explain your options, tell you how […]

Is using a personal loan for some home improvement projects a good idea? Well, it totally depends on your needs and the interest rate you’re able to get. Interest rates on personal loans range from as low as 2.49% to as high as 36%. A personal loan with a cheaper interest rate could be very […]

A construction mortgage is a loan that covers the expenses of constructing your home. This differs from other types of loans in a number of ways. Here are a few options especially designed for construction mortgages. 1) Completion Mortgage You can get two types of mortgages when you are constructing a new home. The first […]

Thinking of renovating your home but you are lacking the funds to support your major makeover. Are you looking for a home renovation mortgage? Here are some amazing home renovation to help you turn your dream home to reality. Home Equity Loan This is the most common loan that you can get for your home […]