The Leap Financial Blog

Tips, tricks, and advice from our team

In mortgage refinance, the bank or lender pays off your previous loan and replaces it with a new one; this is why the term refinance is used. Most borrowers go for refinancing to lower their interest rate and shorten their payment term or to take......

A credit score of 680+ is vital to qualify for the best mortgage rates. But there are many other factors to know about credit scores and how they affect your mortgage rates. Most people don’t even know where to check their credit scores. Whether you......

A mortgage is one of the biggest commitments a consumer can make, considering the average mortgage cost in Canada has gone up significantly in recent years. According to one statistic, the average Canadian resale home price hovered just above $716,000.00. Before diving into such a......

Buying a home is a big decision and can be extremely stressful, especially for those who don’t have much experience. Whether you are renting to have low commitment and the ability to move or you are buying to build equity and create a nest for......

A home equity loan otherwise known as a second mortgage, is a type of loan in which the borrower receives a large sum of money by obtaining equity from their property. The loan amount is determined by the value of your property, which is then......

A new roof can be a very smart edition to your home, adding value and increasing structural soundness. If you have plans to sell your home in the future, a roof installation is the perfect way to increase your resale value, while providing an additional......

Not everyone meets the rigid criteria requirements to obtain a mortgage from big financial institutions such as banks. They often involve a timely application process before they even consider an individual for a mortgage, which can be an overwhelming situation for those seeking quick and......

Do you have a high-interest debt? Are you wondering “Can I consolidate debt into a mortgage?” Any kind of debt can be hard to pay down and get permanently dissolved if the interest charges keep accruing. Many people may feel at a loss about making......