8 May, 2018 home equity loan

Second Mortgages are a fast and easy way to obtain money using a home equity loan to do things like: debt consolidation, home renovations, create fast business capital if your self employed, pay outstanding bills like taxes or liens. These are great for reducing payments, paying out debts or increasing cash flow but what else should you consider?

6 May, 2018 small house made of jenga blocks sitting on grass

If your income doesn’t qualify you for a bank loan and a B Lender is your only option, you might be wondering how much B Lender mortgage rates would cost you. B Lender rates in BC Canada for 1 year fixed rates can start as low as major banks’ 5 year fixed rates. What is important to keep in mind though, is that B Lenders do charge a lender’s fee while the responsibility for all legal & appraisal costs is on you. Since not all B Lenders have the same fees and their mortgage rates are set on a case by case basis, there may be additional costs involved, so get in touch for a complete review of your situation.

2 May, 2018 Self Employed Home Equity Loan

For the self employed it is common to wonder if you can get a home equity loan if you are self employed and have low income. Many self-employed individuals think due to their business for self income that banks & other lenders are less likely to approve them for a home equity loan. Banks do have tougher criteria for approving a HELOC and usually look at things like credit & income documents but there are many products out there that can help.

19 Oct, 2015

Self employed and have trouble providing enough income to qualify under your banks strict guidelines? You seen self employed mortgage videos and read many financial articles on it, but for many BFS income earners providing proof of income can significantly affect their business due to the amount you will be required to pay in personal income tax. Most banks have products that allow you to state income but the income stated must be groused up 15% from your income claimed. For many business owners this just does not provide enough income.

11 Dec, 2014

Albert Einstein said, “The greatest mathematical discovery of all time” is compound interest. This is mostly due to the principal can be applied to everyone’s everyday life.

The concept of compound interest is very simple; interest is added back to the principal sum so that interest is earned on that added interest during the next compounding period.

24 Oct, 2014

If you are a home owner in BC with a mortgage, credit card debt, store cards, interest free deals that are expiring soon, personal (LOC) lines of credit, car loans or personal loans you could uses this how to techniques to better your cash flow and help improve your credit score. If you are a home owner with only a mortgage and low debts these debt consolidation techniques probably do not apply to you.

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