As an alternative option to home equity loans, a home equity line of credit – or “HELOC” – is a loan in the form of a revolving line of credit that is secured by the equity contained in your home. Because the loan is directly backed by a tangible asset, it is possible...
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...
Owning a home in this day and age is now harder than it has ever been. If you’re reading this, you’re likely aware of this, even if you’re not already in the market for a place. Whether you’re looking at a property in the heart of Vancouver or elsewhere Lower...
Saskatchewan has been reported to have the highest mortgage delinquency out of all Canadian provinces, according to the latest Canadian Bankers Association report. The national average of homeowners unable to pay their mortgage is 0.24%. However, Saskatchewan is more...
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!
