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Archive for the Home Equity Personal Loan Category

We’re on the Radio! Hear Our Spots on 680 News

We’re on the Radio! Hear Our Spots on 680 News

There’s a new way to stay connected to Prudent Financial – the radio! We have three spots playing on 680 News, Toronto’s all-news radio. If you’re a regular listener, you may have already heard us on the air talking about our home equity loan services, bad credit…

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Financial Spotlight: Homeowners Currently in a 5-Year Fixed Mortgage and Preparing for a Higher-Rate Renewal

Financial Spotlight: Homeowners Currently in a 5-Year Fixed Mortgage and Preparing for a Higher-Rate Renewal

If you are in a 5-year fixed mortgage, it’s possible that you are up for renewal this year or in the very near future. Nearly 50% of Canadian homeowners will be renewing their mortgage between 2018 and 2020. If you are in this boat, there are several…

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Have You Heard About the “It’s NOT a second mortgage loan”?

Have You Heard About the “It’s NOT a second mortgage loan”?

Our Home Equity Loan Can Get You Money Without Expensive Fees There is a lot of money available in your home’s equity, but often accessing it comes with high expenses — appraisal fees, legal fees, and other traditional mortgage closing costs. But what if we told you…

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Lots of Home Equity but Your Spouse Won’t Sign… Read On

Lots of Home Equity but Your Spouse Won’t Sign… Read On

Many married couples own a home together but owe debts to creditors separately. When this occurs, each partner will accumulate home equity, thus increasing their respective net worth. This can make for a great partnership most of the time but can become a challenge when you want…

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Borrowing Money When You Have Bad Credit

Borrowing Money When You Have Bad Credit

Money makes the world go round. These days, there is much truth in that statement. For those with good credit, when you’re looking to borrow money, it often means simply heading to the bank, filling out a few forms, and waiting on a financial assessment. Not such…

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New Mortgage Rules Making it Hard to Refinance – So Don’t!

New Mortgage Rules Making it Hard to Refinance – So Don’t!

Over the past few years, there have been several new mortgage rules that have made it hard for the average Canadian to not only get approved for a mortgage, but also harder for homeowners to refinance or take out second mortgages. Stress testing and new limits on…

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A Second Mortgage That Isn’t a Mortgage? What’s the Deal?

A Second Mortgage That Isn’t a Mortgage? What’s the Deal?

With the most recent changes to mortgage lending/borrowing rules, those established by the Canadian Mortgage and Housing Corporation, coupled with a higher interest rate, many Canadians looking to refinance their mortgages are finding it much harder to do so than originally anticipated. While a second mortgage offers…

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