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...
With CERB coming to an end for the majority of Canadians, many are starting to look for alternative solutions of meeting their mortgage payments. Many Canadian banks and private mortgage companies recently took action to make it easier for consumers with urgent financial needs due...
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...
