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Can a Second Mortgage be beneficial in the GTA?

Can a Second Mortgage be beneficial in the GTA?

A Home Equity Loan (also known as Second Mortgage) is essentially another loan separate from your original mortgage with a lien on property in second position. A lien is the right to possess and seize property under circumstances explained in your mortgage documents....
The Best Approach to Payday Loans – Consolidate and Never Look Back!

The Best Approach to Payday Loans – Consolidate and Never Look Back!

Q: What’s the best approach to payday loans? A: Consolidate them and never look back! Payday loans often seem like a good idea at first. If you need cash fast, they meet that immediate need. But the long-term consequences are not nearly as effective… When you go to a...
Options for Cutting Your Monthly Expenses By 50% — Or More!

Options for Cutting Your Monthly Expenses By 50% — Or More!

Sometimes no matter how much you try to make ends meet, your monthly expenses stretch you thin. In this case, you have two options: the first is to earn more money (easier said than done sometimes!). The second option is to reduce your monthly expenses. There are...
Canadian Interest Rate Staying the Same for the Summer

Canadian Interest Rate Staying the Same for the Summer

Why It’s the Perfect Season for Debt Consolidation The Canadian interest rate isn’t going up this summer. On July 10, 2019, the Bank of Canada (BOC) announced that the Canadian interest rate will remain unchanged this month, staying at 1.75%. As this is the last BOC...
Holiday Credit Card Debt Is In – Now What? Use Your Home or Car to Consolidate Debt

Holiday Credit Card Debt Is In – Now What? Use Your Home or Car to Consolidate Debt

The holiday season may be over, but there’s one part of it that isn’t finished yet: holiday bills. Many holiday shoppers tend to put purchases on their credit cards, which means that after the holidays are done, they have to deal with the corresponding credit card...
Borrow with Your Home Using Our Unique Home Equity Loans!

Borrow with Your Home Using Our Unique Home Equity Loans!

Borrow with your home using our unique home equity loans! Benefits: NO mortgage closing costs since this is a loan, not another mortgage. NO property appraisal. NO need for other people on title to sign. NO property registration required. All you need is 50% equity in...