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Home Equity Articles

How to Take Equity out of Investment Property

“How much can I borrow against the equity out of investment property in Canada?” That is a question we get asked often. So if you are thinking about pulling equity out of your primary residence, vacation property, rental, or raw land, read on as it’ll explain ways we can help. “Most everyone is aware that …
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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 payment. While each payment does reduce both your interest …
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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 loses its liquidity which, for many people, does not make financial sense …
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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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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 you have fallen into a situation where you have …
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How to find out how much your house 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 buyer offered $565,000, so you settled on $599,000. The buyer’s …
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How You Can Use Home Equity to Pay CRA Debts

Every year, many Canadians find that they owe the Canada Revenue Agency (CRA) more than expected after filing income tax returns. Just like many other debts, if you cannot pay what you owe on time, you will end up paying interest charges as well as penalties for late payment. Not everyone has cash lying around …
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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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Home Equity Line Of Credit Vs Mortgage Refinancing In Canada

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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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 single but then want to graduate …
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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 of a larger …
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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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Daniel K. Akowuah | Mortgage Professional / DLG Underwriter
Toll Free: 1(877)756-1119 | PH:1(780)756-1119 | FX:1(877)238-7794
 DLC Brokers for Life Inc. (Brokerage) - 2nd Floor, 5303 91st Edmonton, AB T6E 6E2

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✔ No Credit Check & Same Day Response
✔ Private Mortgages are based on the Property & Equity, Not Your Credit
✔ Traditional & Semi-Traditional Mortgage Options Also Available

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