Are you considering a home renovation in Vancouver BC? Then you might be thinking about how to finance it and the key things you should keep in mind. First, you should start by evaluating your current financial situation and figure out how much you can afford to put toward the renovation. If you have equity in your home, you may be able to finance the project with a home equity loan or line of credit. Another option is to take out a personal loan from a bank or credit union.
Wondering what to do if you have bad credit and are looking to get a home equity loan from a BC lender? We have the best advice for you in this blog, so all you have to do is read on!
If you want to learn more about what a home equity loan is, and whether it’s a good idea to use one for temporary needs, then keep reading! We’ll also discuss how a mortgage broker can help you find the best lender for your situation.
Looking for a way to finance large or unexpected expenses? Home loans based on your property’s equity have recently become increasingly popular. Why? Frankly, the interest rates are often much lower than the rates available for credit cards and can provide access to funds by allowing the applicant to borrow against the equity in their own home.
Interested in learning about what private mortgage lenders offer for the self-employed? This article will answer popular questions around self-employment financing and teach you how to get the loan you’re after.
When talking to BFS — business-for-self — individuals, most of them are unhappy with the many write-offs they receive, which, in turn, lowers their income.
The discussion often drifts into comparing the taxation rate with the bank’s mortgage rate, but here is the trick; when looking at the whole picture with the goal of saving money, the tax rate should be compared with the interest rate. This is what makes alternative mortgages substantially cheaper.
Taxation is one thing. Interest is another.
Here are a few tips to help you find a mortgage lender, traditional or private while maintaining your status as self-employed.
Mortgages for contractors have their own set of rules. Here’s how to secure a mortgage if you are an independent contractor in BC, Canada.
Recent surveys show that self — or at least part-time — employees make up for about 15% of all Canadian income earners. They can have a wide range of backgrounds, including administrative, accounting, consulting and so on, and they work for both large and small companies.
Gaining access to the housing market in Canada also means becoming familiar with specific terms coined to describe certain intricacies of the financial system. While traditional mortgages may already be pretty common knowledge, there are still a few things to be said about reverse mortgages.
Of all the countries in the world, Canada has one of the best reputations. Known as a friendly country that’s inviting and open, inhabited by people who are welcoming and respectful of others’ cultures, here those keen can enjoy and connect with others. As I often get asked if it’s possible to buy a house in Canada as a non-resident, this blog is aimed to answer all your questions around this topic.
Refinancing your mortgage with bad credit can help you consolidate debt and lower your current monthly payments on all debts. As well by consolidating debts this can help you improve your credit score.
When looking to refinance your mortgage with bad credit you have a few options available to you. Weighing out these options can help you best determine your maximum savings on refinancing your mortgage & loans.
Is having a good credit score essential for obtaining a home equity loan? Yes and no. You don’t need good credit to get a home equity loan. However, you will need good credit to get a lower-rate home equity loan — the very essence of a home equity loan is…home equity.