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.
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?
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.
Please enjoy these Secret Santa Gift Ideas under $25 dollars I have made up for you to share with your friends and family. Make the holidays more enjoyable by shopping online.
Those who know my wife and I know that we love history and nostalgia. From clothing, music, cars all the way to architecture, we are drawn to sights and sounds that have stood the test of time. When moving from Vancouver to the Okanagan we were looking to purchase a flat top or Spanish Adobe style home to renovate. With the needs of a young family we ended up in a 50s bungalow that we are in the midst of renovating.
Most Canadians have now crawled out of the winter months to find their homes or patio in need of cleaning, repairs, or total renovations. I know the spring bug hits me very hard each year in terms of DIY projects around the house, but none more than outdoor improvements.