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Archive for the Mortgage Refinancing Category

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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Accessing Home Equity When Another Person is On Title and Won’t Sign

Accessing Home Equity When Another Person is On Title and Won’t Sign

It’s tough when you have a ton of equity in your home that you can’t use. This happens often when people who have parents or spouses with separate finances on the property title. You don’t necessarily want to share every little bit of your financial business and…

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Why Can’t I Refinance My House in an Undischarged Bankruptcy or in a Consumer Proposal?

Why Can’t I Refinance My House in an Undischarged Bankruptcy or in a Consumer Proposal?

We are frequently asked this question: can I refinance my house after filing for bankruptcy or filing for a consumer proposal? Often, consumers are told by banks and other financial institutions that they can’t borrow money while in an undischarged bankruptcy or in a consumer proposal. But…

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Did You Know That Prudent Offers Second Mortgages?

Did You Know That Prudent Offers Second Mortgages?

A Prudent Mortgage Corp. second mortgage is one of the best deals you’ll find. Borrow up to 80% of your home’s value. We offer reasonable second mortgage rates and interest rates and we always assess you based on your merits. Consumer proposal okay! Bad credit okay! Self-employed…

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How to Take Out Home Equity Without Impacting Your Low First Mortgage Rate

How to Take Out Home Equity Without Impacting Your Low First Mortgage Rate

If you’ve been fortunate enough to lock into a low first mortgage rate, then you probably don’t want to lose it. Especially as Canadian interest rates increase, you’ll want to do what you can to keep your first mortgage rate as low as possible. However, if you…

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Is Refinancing My First Mortgage the Right Choice for Consolidating Debt?

Is Refinancing My First Mortgage the Right Choice for Consolidating Debt?

With Canadian interest rates rising and household debt levels at a record high, many people are looking at debt consolidation options. And one of the most popular is refinancing a first mortgage. If you’re considering consolidating debt, is a mortgage refinancing the best choice for you? The…

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Mortgage Refinancing in an Uncertain Housing Market

Mortgage Refinancing in an Uncertain Housing Market

It’s no secret that Canada’s real estate market has been going through changes. With increased Bank of Canada interest rates, new Canadian mortgage rules, and Canadian household debt higher than ever, there’s a lot of uncertainty in the air. It can be tough as a homeowner to…

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Mortgage Refinancing in the GTA: How to Obtain a Mortgage Without Getting Your Spouse Involved

Mortgage Refinancing in the GTA: How to Obtain a Mortgage Without Getting Your Spouse Involved

When you’re in debt, finding a viable solution requires looking at the various options available to you. If you own your own home, accessing equity may be one of the best. Often leveraging home equity to resolve financial challenges is a big money saver. When this happens,…

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