Home Equity Articles

When the Economy Turns You Cash Poor but House Rich

Cash Poor but House Rich Due to The Economic Downturn So you've done all the right things with your finances. You built a successful career in the oil and gas exploration industry – or such related industries as trucking, restaurants, or welding/pipefitting in Alberta. You've raised a family and are about to become a proud ...
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Equity Mortgage Solutions

Equity Mortgage Solutions If your seeking Equity Mortgage Solutions, there are many options. Your house is more than likely your biggest asset. After you have spent some years paying the mortgage off, it can become one of your strongest tools for financial freedom because the equity you have built up allows you to take advantage ...
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Can You Take Equity out of Your Home with Bad Credit?

You might think that there aren’t many people who have a lot of equity in their home – and also have credit issues. After all, you have to get approved for a mortgage and then make regular payments on that mortgage for the better part of a decade to build up the level of equity ...
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Ways to Take Equity out of Your Home

So you’ve been paying on your mortgage for over a decade now. You haven’t taken out open mortgages (because you didn’t like the higher interest rates) but you have socked away extra money so that at each mortgage renewal you’ve been able to make a bigger dent in the principal you need to roll into ...
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How much my house is worth now

How to Assess how much your house is worth now Getting the Most out of your Home Appraisal is essential when answering the question, "How much my house is worth now ". So, you've put your house on the market, a buyer has come through and made an offer. You listed the house at $625,000, the ...
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Creditor Debt vs Home Equity

Creditor Debt vs Home Equity - A Balancing Act If you're like most people, the biggest check you write every month is for your mortgage payment. Each month, some of that money contributes to your equity in the property, and as time goes by, more and more of that house is actually yours. However, if ...
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How to Take Equity out of Investment Property

So you’ve owned that condo in downtown Vancouver or out in scenic Victoria for about ten years now. You’ve made a lot of money renting it out, and you’ve been able to sock away double mortgage payments, and you’re just about done paying that mortgage. Then you get some bad financial news – your wife ...
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How to calculate the equity in your home

Wondering how to calculate the equity in your home? Calculating how much equity you have in your home at any given time is important for homeowners at every stage of the loan repayment process. Not a lot of people understand that equity does not increase at a linear rate; in other words, with every monthly ...
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Home equity loan non owner occupied

Home equity loan non owner occupied Getting a Home Equity Loan on (or for) a Non Owner Occupied Property So you live in a property and want to buy a larger one, but you want to use your existing property as a rental. This is common for people who buy a townhouse when they are ...
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Home Equity Line of Credit Canada

If you have made payments on your mortgage for more than a couple of years, it is likely that you have built up a little bit of equity in your house. Making the minimum payments doesn't do much for you in the way of building equity in the first few years you are in a ...
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Cash Out Mortgage Loan

Cash Out Mortgage Loan - The Basics about Mortgage Cash Out Refinancing Over the life of a mortgage loan, a homeowner makes hundreds of monthly payments to get a clear title to his house -- if you have a 25-year amortization on your loan, you'll make 300 payments. This is a lot of money that ...
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Reasons to Take Out a Home Equity Loan or a 2nd Mortgage: FAQ

At Amansad Financial, a lot of customers come to us with questions about home equity loans and 2nd Mortgages. We have helped people save money by paying credit card balances off by taking out loans against their home’s equity at a far lower rate of interest than what they were paying on those cards. Others ...
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How to Take Equity out of Your House to Buy Another

There are some parts of Canada where the prices of real estate have already shot up toward what is likely to be a peak for the time being. In some other areas, though, the markets are just heating up, and interest rates are still at rock-bottom levels. This makes this a terrific time to start ...
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Second Mortgage and Home Equity Loan

If you are a homeowner with some equity in your house, and you need some extra money, a second mortgage is often the answer. A second mortgage serves a number of different purposes, but understanding what they are and how they work is an important part of managing your money. How Do Second Mortgages Work ...
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What’s the Difference between Equity Takeout and Refinance?

When you own a home, you are not only making an investment in your own future, you are also stuffing money into a giant savings back that is there if you need it. If you’ve owned your own home and lived in for more than a few years, you’ve probably become familiar with terms like ...
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