A second mortgage is a type of loan which allows you to borrow money against the value of the house, which is then to be used as collateral. There are various advantages and disadvantages of this type of mortgage, let us look at them here. Pros of a Second Mortgage Significant Loan Amount: You are […]

Short term loans have become a common occurrence, especially when the cost of living is high and people are always in constant need of additional funds. Whether you need the loans to see you through to payday or you have run into some financial emergency and you needed a quick fix, here are three useful […]

Bad mortgage is like a bad omen, but is should never be viewed as a condemnation to a financial abyss. For those with bad credit, refinancing a mortgage is never easy, but not impossible. If you are in this situation and want to refinance a mortgage with bad credit, here are some valuable tips for […]

If you are a Canadian considering buying a home, then you may have heard about the changes in mortgage rules which became effective in January 2018. Here is a look at the major ones which will impact you directly if you were thinking about going for a mortgage: All uninsured mortgages will have to go […]

More and more Canadians are getting into self-employment or working on a contractual basis.  Recent statistics indicate that almost 23% of all income earners in the country are self-employed or survive on part time jobs. Unfortunately, it is not always easy for them to be approved for a private mortgage loan. Most self-employed individuals pride […]

The most important question for borrowers at this particular time is if the rates will increase within the year and if so, by how much? Since most Canadians prefer the five year fixed rate mortgage, here is a brief look at the trend currently: The rates for the five year fixed  mortgages tanked below the […]

Moving ahead financially is nearly impossible if you are in debt. Debt is like a heavy ball tied to your leg which makes it impossible for you to make any headways as far as your finances are concerned. But the good news is that you are not the first person to find themselves in debt, […]