25 Apr, 2024

When it comes to leveraging the value of their property in British Columbia, homeowners often find themselves weighing the options between a second mortgage vs home equity loan. Both financial tools allow you to access home equity, which can be particularly useful for various real estate developments and personal finance needs.

In this blog, we’ll delve into the nuances of home equity loans vs second mortgages, and explore their applications in various real estate projects.

26 Jul, 2023 property taxes vancouver

Grasping the ins and outs of real estate is a complex process, more so when understanding what goes into property taxes for homeowners, investors and potential home buyers. In cities like Vancouver, where the real estate market is vibrant and ever-changing, this becomes even more critical.

Vancouver is known for its high property values, which directly influence the amount of property tax payable. The city’s property tax revenue is a significant source of income used to fund various public services and infrastructure that contribute to the city’s livability.

30 Jun, 2023 man checking roof considering a home repair emergency loan

In this blog, we’re going to demonstrate that your home, which needs the repair, could also be part of the solution. Leveraging the equity in your home and looking beyond traditional lenders to private emergency loan lenders can open up avenues for securing essential funds for unexpected expenses.

So, whether dealing with a sudden furnace failure in the middle of a BC, Canadian winter or an urgent roof repair during a downpour, read on. We’ll guide you through using your home equity as a financial tool and identify potential lenders ready to help, regardless of your credit history.

29 Jun, 2023 enthusiastic couple planning to get a home improvement loan in bc, canada

In today’s Canadian housing market, the phrase ‘Home Improvement Loan’ has become a beacon for homeowners seeking to enhance their property’s value and aesthetic appeal.

A home improvement loan, as the name suggests, can be used to fund a range of home renovations and upgrades. By tapping into these resources, homeowners in BC, Canada — and beyond — can create their dream homes while simultaneously boosting the value of their investment.

6 Jun, 2023 house loan bought using private home loan lender

Private mortgage lenders, also known as private home loan lenders, represent a segment of the lending market that is often misunderstood. Unlike traditional banks and financial institutions, private mortgage lenders in BC, Canada are usually companies or individuals that provide mortgage loans using their own funds.

They don’t rely on public deposits or similar means of funding. Instead, they provide home loans to individuals who may not qualify for mortgages from traditional lending institutions, often due to unique or challenging financial circumstances.

3 Jun, 2023 mortgage investment corporation group of investors

Over the past decade, the landscape of residential mortgage credit in British Columbia has experienced remarkable expansion. The consistent and robust growth in this sector is attributable to various factors, including increased demand for housing spurred by favourable demographics, urbanization trends, and historically low-interest rates.

Within this evolving landscape, an interesting development is the rise of Mortgage Investment Corporations (MICs). These unique entities have emerged as potent players in the lending ecosystem, offering attractive alternative lending sources for investors and borrowers alike.

10 May, 2023 client and mortgage broker discussing the penalties for paying off a mortgage early

In this blog, we’ll dive into the nitty-gritty of prepayment penalties and provide you with the knowledge and tools to navigate them smarter. From understanding the different types of prepayment penalties for breaking a mortgage to learning how to negotiate with your lender, we’ll cover everything you need to know to make an informed decision about your loans.

21 Apr, 2023 how to get a second mortgage for kitchen renovations

When life throws expensive projects like home improvements, college tuition, or medical bills, many homeowners turn to a second mortgage to cover their bases. But what is a second mortgage, after all?

A second mortgage is a type of loan that allows homeowners to borrow against the equity in their home, which is the difference between the home’s market value and the outstanding mortgage balance.

In this blog, we’ll give you the inside scoop on securing a second mortgage in British Columbia (BC), Canada, and spill the tea on why working with private lenders might be your best bet. After all, in a world where even homeowners need to hustle, it pays to know your options.