Leveraging a second mortgage is one of the great strategic ways that many Canadian homeowners use to consolidate debt. Though they normally come with higher interest rates when compared to an initial first mortgage, the rates will always be lower compared to car lease payments, high interest credit cards, and even some unsecured lines of […]

A few years ago, getting mortgages from traditional lenders like banks was not as difficult as it is currently, and it seemed that the only prerequisite to access a mortgage was a pulse. But since the banks tightened their lending rules, many people have found themselves locked out, and their only avenue to get a […]

The decision to go for a second mortgage is never an easy one for the majority of Canadians. But when you decide to go for it, you are advised to take your time and weigh all your options to ascertain that indeed, your reason for going for the mortgage is a reasonable one. Of the […]

Unfortunately, some individuals experience a negative outcome when taking on second mortgages. In as much as mistakes are inevitable, vigilance should be ensured at all times when going for a second mortgage so that you are not entangled by the very things you may have been trying to avoid. If you have any intention of […]

Not everyone is able to access a second mortgage, and there are certain people who don’t fancy the idea of going for a second mortgage. But this should not imply that purchasing a second home is impossible for such people. There are a number of alternatives to second mortgages worth considering, listed below: Equity release […]

If you already have a mortgage on your house and you are in urgent need of cash, going for a second mortgage is also an option. With reference to the first one, a second mortgage is both subordinate and consecutive. This is because, should you default on the first mortgage and your home goes into […]

Welcome to the Guardian Financing May 2017 Monthly broker’s newsletter. This month’s issue is on the various tips a Montreal mortgage broker can use to increase the number of deals they close. 5 Tips That Will Help You Close More Mortgage Deals The mortgage industry changes almost all the time. New guidelines, client behavior, and […]