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...
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...
In 2018, the mortgage stress test was introduced to Canadian’s, and since its inception, the test has caused some difficulty for new and existing homeowners. If you’re in need of a first or second mortgage, or even a home equity loan, you’ve come to the right place!...
As the new year settles in, there has been some changes made to the existing stress test that many homebuyers dreaded when buying their homes. How will these changes affect you? Are the effects positive, negative, and are they negligible? What is changing to the...
The Stress Test rate benchmark has decreased as of recent years, from initially 5.34% to now 5.19% for the first time in 3 years. This 0.15% decrease is significant, as it can mean a lot of things about the Canadian realty industry. What Does This Mean? Well, this...
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!
