Easily unlock your home investment value with a Home Equity Line of Credit (HELOC). With this secure line of credit you can can get better interest rates, reasonable terms, smaller or no repayment penalties, and gain access to large amounts of money anytime you need it. But first you’ll need to meet the minimum equity requirements.
Before you get started on your mortgage, you should make use of our handy pre-approved mortgage checklist. It can easily help you to avoid the stresses and blockers that many other borrowers have faced along the way.
If you don’t know this already, getting pre-qualified for a mortgage loan is the very first step you need to take, even before you apply for a mortgage and purchase the home of your dreams. However, before you can even get a pre-approval you have to ensure that you have all your ducks in a row first. Here’s our checklist to help you get started, and ensure you remain in the best position for securing your mortgage loan.
Many people move to Canada with the the hopes of becoming a permanent resident or gaining employment. However, for many new immigrants, once you get here and get to know the beauty throughout Canada you decide to stay and make Canada your home. If you do then buying your own home may be the next dream that comes into your mind.
You should know, if you don’t have the right help, guidance and understanding when it comes to Canadian mortgage, the process can be rather tricky. This is especially true if you’re planning to buy a home in the very near future. We’re here to ensure you are informed about the things you need to do as a new arrival that will help you obtain a mortgage in Canada.
If you’re a retiree, then a reverse mortgage can serve a valuable retirement planning tool. You can increase your income during retirement greatly by making use of your greatest asset, your home. Continue to maintain your home ownership while borrowing against your homes equity.
Unlike traditional mortgages, reverse mortgages don’t require payments. Basically, your lender will pay you instead through a line of credit, monthly payments, or a lump sum payment. During this time your home equity will shrink instead of grow.