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A Home Equity Loan is a loan obtained on a property that already has a primary mortgage. The house itself serves as collateral for both the primary mortgage and any second mortgage, which means that failure to pay either could result in the property...

As you may have heard, mortgage rates are going up daily, making it nearly difficult for you to afford mortgage instalments. Here are a few ways to still help you save money on the mortgage. Follow these tips, which will help you save on your...

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...

For many young Canadians, purchasing a home is part of a life-long goal. Of the many elements involved - securing a downpayment and making sure the timing is perfect - getting an affordable mortgage option is arguably the most important. Have a good credit score...

Whether you want to join a buddy on a new business venture, pay off a couple outstanding debts, or renovate your kitchen, a home equity loan can be used for all the above. Unlike a traditional mortgage, a home equity loan is omni-purposed, and easy...