Becoming a first-time home buyer is a truly exhilarating experience regardless of your age or how long you’ve waited to get here. It’s an important milestone that needs to be celebrated properly! However, if you’re about to buy a home in BC and have started prospecting the market, you’ve probably seen how ruthless the housing market can be
A Foreclosure is a legal action that a lender can take if a person or company who borrows money using a mortgage stops making payments on the mortgage or violates any terms of the mortgage like “example” outstanding property tax or fire insurance policy that elapses etc.
Despite the ongoing pandemic, the vaccination progress and overall stable medical statistics have created optimism regarding Canada’s economy. And the real estate market is not the exception! More so when talking about mortgage renewal rates.
So, how does this affect Canadian homeowners about to renew their mortgage agreement with a federally regulated financial institution?
Despite high real estate prices, ineffective regulation, and a lack of unbiased info, Canada continues to attract a large volume of real estate deals even following the Covid-19 pandemic. But with so many buyers investing in a wide range of residential, commercial and industrial properties, can Canadian non-residents get a piece of the pie too? In today’s blog we’ll discuss what mortgage options non-resident buyers have in BC’s current housing market.
Is there an easy way to get a home equity loan with bad credit? Will a low credit score allow you to pull equity out of your home and use it for home improvements, a family vacation or your daughter’s wedding? The answer is yes! Click to learn more.
Wondering what to choose between a home equity loan vs a home equity line of credit (HELOC)? Your search for answers is over!
If you are looking for how to use home equity to consolidate high interest debt or cover urgent expenses, a fixed rate home equity loan might be a good idea to access funds right now.
“Can I get a home equity loan with a 500 credit score?” is one of the questions many homeowners are wondering nowadays.
Any one of us who has previously applied for a bank loan or mortgage knows, having a higher credit score matters.