Home equity loans are perfect for homeowners looking to tap into large amounts of capital for home renovations, debt consolidation, and more! But will you qualify for a home equity loan if you have bad credit? In short, you definitely can! Home equity loans emphasize...
If you’ve gone through the process of qualifying for and acquiring a mortgage, you may have heard of private mortgages. When it comes to finding a mortgage, there are just as many mortgage products out there to consider as there are lenders to provide you with one....
Before you venture out to buy your dream home, you might want to first gain a thorough understanding of how a mortgage works. Not all aspiring homeowners in Canada have the extra money to pay up front the full purchase price of a property. And so, to be able to afford...
Principal and interest are the two primary components of a mortgage payment. Aside from any necessary fees involved, the principal and interest make up for all the money going out when paying back your mortgage. In its simplest definition, the principal is that...
If you have less remaining mortgage balance than the value of your house – you’ve got equity. If you happen to find yourself in such a fortunate position, you are eligible of taking out a Home Equity Loan, otherwise known as a Home Equity Line of Credit (HELOC). A...
About Us
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!
