March 2, 2022, marks the beginning of the interest rate hike, and Canadians can barely see how high it would go. So, knowing that the rate is going up, does it mean it is bad to get a mortgage now? Well, this is dependent on the type of rate that is chosen. There are...
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 your future eggs, most...
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 dependent on the...
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 security...
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...
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 a dent in their...
At Leap Financial, getting approved for a loan with us is easy, and unlike traditional financial institutions where approval of mortgage loans is dependent on your income and credit rating, approval of mortgage loans at Leap Financial is dependent on the equity in your property and only your equity in your property. We can help get you approved for a home equity loan in no time!
