Home Equity Articles

Leveraging Home Equity for Financial Goals

If you have been paying your mortgage for at least a third of your amortization period, no matter how many times you’ve renewed, it’s likely that you have built up significant equity in your home – the difference between its value today and the principal you still have due on the loan. The first few ...

Home Equity Mortgage: Benefits and reasons to use home equity

Table Of Content: What is a Home Equity Mortgage? What Are the Benefits of Home Equity Mortgage? 7 Reasons to Use Home Equity What is a Home Equity Mortgage? A home equity mortgage is a kind of real estate loan that allows homeowners to borrow against the value of their house. The positive difference between ...

Canada Home Equity Line Of Credit Vs Mortgage Refinancing

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 ...

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 ...

Creditor Debt vs Home Equity – A Balancing Act

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 ...

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 ...

Building Home Equity: A Guide

While it’s certainly possible getting into homeownership with little investment upfront, there are several benefits to building home equity in a property. If you aren’t sure what home equity is, it’s the difference between your home’s value and what you owe on your mortgage. For instance, if your home’s value is $300,000 and the amount ...

The Essentials of Home Equity Loans

If you’ve been paying your mortgage for several years now, you may find yourself receiving marketing materials about home equity loans available to you. Your home equity is the difference between the current value of your home and the amount you still owe on the mortgage; as time goes by, your equity should increase over ...

Maximizing Home Equity

For the vast majority of Canadians, their primary residence is the largest investment they will ever make. Most mortgage holders pay their loans over a 30-year term, which means multiple loan renewals under Canadian law – and which also means slowly filling up a giant, house-sized savings account. As you pay off your mortgage, you ...

Understanding First and Second Mortgages

Any time you take out a loan that is backed with property as collateral, you take out a mortgage. For most Canadians, their first mortgage is the purchase mortgage they use to buy their first home. In many cases, these loans are amortized over 30-year terms that will require multiple renewals, which means that without ...

Leveraging Home Equity for Financial Goals

Inheritance (Probate) Loans, Settlement Loans, and Private Mortgages The passing of a loved one is one of the most stressful experiences that families go through. Other stressful experiences include significant injury from an automobile accident or other event that is caused by another person’s doing, either maliciously or accidentally. Adding to the stress is the ...

Home Equity Line of Credit Canada

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 ...