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A Home Equity Line of Credit (HELOC) is great for homeowners seeking more flexible funds. If you are improving your home, consolidating debt, or facing other expenses, a HELOC lets you borrow money using your property’s equity. Flexibility aside, every... View Article
If homebuyers are looking for properties with value beyond conventional lending limits, they would need a jumbo mortgage. Jumbo financing can appear daunting because of the high amounts and stringent requirements. Even so, the instrument remains necessary for high-value financing.... View Article
In the current real estate trading environment, homeowners, buyers, and private lenders turn to property valuation software to answer pressing questions. These sites promise an immediate estimate of home worth, and the convenience makes them popular. However, the question of... View Article
Financing a mortgage can be challenging to understand, and even harder to walk into for the first time. Homeowners have found novel ways to generate extra cash, like through a third mortgage – the lesser-known cousin of first and second... View Article
If you’re looking to invest in a Mortgage Investment Corporation (MIC), you’ll need to know the comparison to mortgage brokers and private lenders. It’s important to have a clear idea of the benefits that each of these offers to both... View Article
Canadian banks are regulated by bodies like the Office of the Superintendent of Financial Institutions (OSFI) and the Financial Consumer Agency of Canada (FCAC), and the Bank of Canada also plays a role. The regulations they adopt for mortgage brokers... View Article
The Canadian real estate market is eroding after the Trump Administration’s new 25% tariff laws imposed on Canada. Canadians are already seeing skyrocketing mortgage rates following the increased costs in construction, causing an already inconvenient real estate market to plummet... View Article
If you inherit a house with a mortgage, you need to be fully aware of the different options and responsibilities involved. Of course, inheriting and taking on another mortgage will obviously impact your finances, but that’s just part of what... View Article
Whether you’re looking at a traditional or private product, the dangers of unlicensed mortgage brokers can spell big trouble for borrowers. Choose the wrong one, and you can face legal issues, hidden terms, and higher fees. Understanding how to protect... View Article
Whether you’re buying or selling, the value of a property in Ontario is a key indicator. Private lenders base their streamlined applications on the property’s equity, including the appraised market value. Understanding what goes into pricing a property is essential.... View Article
