Your mortgage term is almost up, and you’re probably wondering what’s next. Should you stick with your current lender and renew? Or would […]
If you’re struggling with high-interest debt and feeling overwhelmed by multiple monthly payments, it’s time to consider a debt consolidation mortgage. This financial […]
Choosing between a line of credit vs a mortgage is simple once you understand how each one of them works. In this post, we’ll explain the differences between the two most popular home equity loans homeowners can choose from, so you can make an informed decision.
We hope this article will help clarify any questions you might have and give you a roundup on the basics of home equity lines of credit vs mortgages.
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.
When planning to purchase a home, applying for a mortgage is a significant financial decision. In this case, understanding the factors lenders in Canada consider when evaluating a borrower’s eligibility for a mortgage becomes essential. One such factor is the debt-to-income ratio (DTI).
In this blog, we will delve into the impact of the debt-to-income ratio on mortgage approvals in BC, Canada.
Debt consolidation is the process of combining multiple loans into a single loan and can be a good option for people who want to simplify their finances. In this article, you will learn about the benefits of consolidating your debt and how it can improve your overall financial situation.
You can make your income tax payments to the CRA — Canada Revenue Agency — in several ways, including online, by mail, or at your local Tax Service office. But did you know that when it comes to paying your taxes or tax debts, a mortgage can help? Read on as we show you how you can use your mortgage to lower your tax bill.
Usually, when people file a consumer proposal, it is to assist them with debt consolidation by restructuring it all into one manageable payment. Once they’ve done this, homeowners usually see significant cash flow relief but still have this monthly bill looming over them.
If you are living in British Columbia and are looking for debt load relief by paying out your consumer proposal early, then keep reading!
If you are a home owner in British Columbia and you have fallen behind on payments or your bank will not renew due to previous payment history here is some options you can consider.
Home equity loans can be used for a variety of reasons even bad credit. When you have bad credit a home equity loan can allow you to payout or negotiate your debts which should improve your credit and improve your chances of qualifying back at a bank in as little as 12 months. Second mortgages are mostly used when consolidating your debts into a bad credit mortgage loan.
