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...
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...
Between having to financially balance credit cards, mortgages, and loans, many homeowners often find themselves taking on too much debt. What might surprise you is that this is quite common and by no means a bad thing, especially when you have the option to consolidate...
Since its introduction in 2018, homeowners across the nation have dealt with financial difficulties and challenges when facing Canada’s infamous mortgage stress test. So to help take the stress off any mortgage concerns you may have, the Leap Financial team has broken down exactly what...
The spring season is representative of a fresh start for you, and your financials. Use Your Home Equity To Explore New Opportunities Your home equity is the value of your home today, minus the outstanding balance on your mortgage. And while this may seem like nothing more...
We understand just how difficult it can be to keep up with outstanding debt. Whether you have tax bills that are long overdue, or if you’ve steadily started to fall behind on payments, sometimes all you want to do is forget about having to pay...
