All of the stories of doom and gloom from the last decade or so of crisis seem to be clearing up. The housing landscape as it stands is more stable now than it has been in quite some time, and for good reason. Not only is unemployment down, but mortgage rates, while not at all-time lows, are still affordable. When … Continue reading
A second mortgage is essentially another loan that’s taken against your home by a reputable lender.
Similar to your home’s mortgage, a second mortgage is also leveraged against your home for a specified period of time. This loan amount is given to you in a lump sum and individuals make a fixed payment every month to pay … Continue reading
Debt consolidation is the most common means of paying off certain kinds of debt, such as student loans.
Why Use It?
It’s often easier and a much more practical solution to paying off debt by combining all of one’s debts into one. The debtor receives only one statement and makes only one payment, meaning you won’t forget to pay … Continue reading
At its most basic a mortgage is the loan one would take out with a financial establishment in order to buy a house. Most Canadians with a mortgage take out these loans to borrow the money needed to buy their home. A business may even take out a mortgage to pay for their commercial space.
Mortgages in Canada, like most … Continue reading
Fixed rate mortgages and variable rate mortgages are the two main types of mortgage payment options. While there are multiple categories under these two types, the first part of your plan when looking for a mortgage is to determine which type you are going to go with. There are a couple of differences between the two types of mortgage payment … Continue reading