Who Qualifies for Home Equity Loans in Canada?

Who Qualifies for Home Equity Loans in Canada?

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 being forfeited....
Top Tips to Follow Before Applying for a Mortgage

Top Tips to Follow Before Applying for a Mortgage

A mortgage is one of the biggest commitments a consumer can make, considering the average mortgage cost in Canada has gone up significantly in recent years. According to one statistic, the average Canadian resale home price hovered just above $716,000.00. Before...