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Archive for the Second Mortgage Category

In a Financial Jam and Realizing Selling Your House Isn’t That Easy? Here Are Some Options

In a Financial Jam and Realizing Selling Your House Isn’t That Easy? Here Are Some Options

We write a lot about dealing with outstanding debt and finding more space in your budget – but what can you do if the problem isn’t your budget, but rather your expenses? It happens sometimes that the cost of living for a person or family may simply…

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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…

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When Does a Second Mortgage Make Sense?

When Does a Second Mortgage Make Sense?

Is a second mortgage the right choice for you? If you’ve been wondering the answer, here’s how to tell. First off, let’s define what a second mortgage is. When you first buy your home, you take out a purchase loan – your first mortgage. This is typically…

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Types of Mortgage Lenders Who Offer Mortgage Refinancing

Types of Mortgage Lenders Who Offer Mortgage Refinancing

Thinking about applying for mortgage refinancing? It can be a great way to: Consolidate debt Fund a home renovation Pay for a big event, like a wedding Cover education costs And more. But if you’re looking into mortgage refinancing, you’ll need to decide where to secure that…

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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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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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How Much Are We talking Here? Reviewing Second Mortgage Closing Costs

How Much Are We talking Here? Reviewing Second Mortgage Closing Costs

The GTA housing market has been red hot for a few years now and homes have increased so much in value that many homeowners are finding themselves house rich, but cash poor. This is because Canadian families are carrying more debt than ever and most of their…

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