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A second mortgage is not designed for everyone, and you should carry out a careful analysis to determine whether you are suitable for one, otherwise, it may turn out to be a source of great financial misery for you. If you were considering an application for a second mortgage, here are some key details you…

Private lending can sometimes come in handy, especially when you have low credit and traditional lenders may not be interested in listening to you. But this is not to say that the mortgages are less serious or they come with less importance. Ultimately, it is a financial service extended to you, and the lender will…

Home appraisal is a vital process when you are applying for a mortgage. Typically, the lender will order the appraisal, but the buyer will be the one to shoulder the cost of the appraisal, though it is not always a frightening figure that will deter you. Appraisal, should not stop you from making an offer…

Sometimes life can take the turns we don’t want, and we may find ourselves having bad credit. As you already know, this comes with a busload of complications, especially concerning one’s financial status, but there are numerous solutions designed to make things easier for you, and to help you succeed. If you will ever have…

It is generally a difficult state of affairs to be in the position of a first time home buyer, but even more so with bad credit. However, this should not make life seem impossible for you as there are a number of options available at your disposal, and which you could use to navigate your…

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…