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paying a consumer proposal with a mortgage

Using Your Mortgage To Pay Out a Consumer Proposal In BC

By | Blog, Debt Consolidation, Home Equity Loan, How To.... | No Comments

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!

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line of credit vs mortgage for house renovations

Home Equity Line Of Credit vs Mortgage: How To Choose

By | Blog, Debt Consolidation, Home Equity Loan, How To.... | No Comments

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.

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depiction of mortgages for landlords using piggy bank and a model home

Why Private Mortgages For Landlords Are The Best Solution Right Now

By | Home Equity Loan, Home Improvement, Mortgage Solutions, Private Mortgage Lender, Uncategorized | No Comments

The increased demand for loans and mortgages for landlords has clearly signaled that among the ones mostly affected by the pandemic, property owners are occupying a leading position.

But obtaining a loan during COVID-19 will be more difficult than what borrowers were accustomed to in the past years.

Why is this?

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private money lender

5 Scenarios When A Private Money Lender Is Your Best Financing Option

By | Home Equity Loan, Mortgage Solutions, Private Mortgage Lender | No Comments

In light of recent economic troubles across Canada, most of the “big banks” have imposed very strict lending requirements which ask for an almost perfect credit and a stable source of income. If you don’t fit into these categories, most probably your loan application will be turned down.
What can you do if you’re in this situation? Is there any hope left? Will you still be able to get the loan you need? Absolutely. And we’ll tell you how.

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