The growth in the Toronto mortgage industry has led to the strengthening of private mortgage lenders who have come in to serve the needs of individuals who couldn’t get lending facilities from traditional lenders for a variety of reasons. But as it stands at the moment, private lending is not just a preserve for those […]

If you want to realize the real worth built up in your property, then you should realize that going for a second mortgage is an excellent way to achieve that. With a second mortgage, you have the ability to translate the paper value of your home into a real bank balance. Instead of letting that […]

Second mortgages have proven to be very good sources of income for millions of people across the country. But in as much as they can sometimes be very handy in helping you sort out an important financial situation, they can also turn to be sources of great financial misery if you didn’t take your time […]

One of the key factors lenders use to qualify applicants for a second mortgage, is proof of a stable source of income. This is to reassure them that you will be in a position to meet your repayment obligations of both the first and second mortgages. However, there is a misconception that if you are […]

Most people realize that bad credit is only detrimental to your financial life and your ability to obtain lending facilities in the future, but there are quite a number of negative ways that bad credit can impact your life. With regards to employment, there is a general consensus that employers should not consider credit scores […]

Welcome to the Guardian Financing July 2017 monthly newsletter. This month’s issue is about the Bank of Canada’s potential rate hikes and the probable effects on the Montreal mortgage industry. The Bank of Canada’s Potential Rate Hike and The Montreal Mortgage Industry The Bank of Canada has hinted at a possible interest rate increase, and […]