Are Reverse Mortgages a Good Idea?

Reverse mortgages are increasingly popular among older homeowners who are considering staying in their houses while having the option to access an affordable loan. Reverse mortgages don’t usually require payments to be made monthly, this is one of the main reasons why individuals with a fixed source of income find them appealing. Even though the […]

How to Consolidate Debt with a Debt Consolidation Mortgage

Are you riddles with a lot of high-interest debt? If yes, the monthly costs can be overwhelming and can significantly impact your budget. For a few, the right solution to this financial conundrum is to consolidate your debt into single easy-to-make payments. Debt consolidation pays off all your high-interest debt with one payment, helping you […]

The Do’s and Don’ts of Portability for a First-Time Home Buyer

Are you taking a leap of faith and making a significant financial decision in your life by buying your first home? It surely is an exciting time, but at the same time, it can be nerve-wracking. Purchasing a house is one of the single biggest purchases you will make in your lifetime. Below mentioned are […]

Home Equity Loan: What It Is and How to Use It

First of all, a home equity loan should not be confused with a home equity line of credit. With a home equity loan, you will receive a lump sum amount of cash that you can use for anything you want.

How to Qualify for a Private Mortgage?

Qualify for a Private Mortgage

How to Qualify for a Private Mortgage? Is your credit score poor? Are you constantly getting your mortgage application rejected by traditional lenders? Don’t worry, a private mortgage is the perfect solution for you. Similar to a subprime loan, a private mortgage is a type of loan that is offered by private lending institutions or […]

Your step-by-step guide to mortgage refinancing in Canada

Your step-by-step guide to mortgage refinancing in Canada

There comes a time for homeowners when they will be required to refinance the mortgage on their property. According to the Canadian Mortgage and Housing Corporation (CMHC), a mortgage refinance is a type of refinancing that allows prospective homebuyers to pay the full mortgage amount of the prior one by securing another one. The new […]