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What Requirements will a Private Mortgage Lender in Ontario Have?

When many homebuyers hear that a private mortgage lender in Ontario is willing to loan them that money for a home loan, that other lenders won’t, the first question the buyers often have is: what do I need to be approved? It’s true; the requirements a private mortgage lender will have are vastly different from […]

Ways to Improves Your Home Equity

Making monthly mortgage payments is a great way to build your home equity, but it’s an awfully slow one. Another way to gain equity is by adding value to your home. As the home value goes up, so does your equity and doing complete renovations or remodels is one of the best ways to add […]

Use AMP When Choosing a Mortgage Broker in Toronto

Take a quick look through the Yellow Pages and you’ll see just how many mortgage brokers there are in Toronto. It can take a lot for a homebuyer to sort the good from the bad, and the best from the good. One way to quickly narrow the field is by looking for a mortgage broker […]

Understanding HELOC Rates

If you take out a HELOC (home equity line of credit,) you’re going to need to know what rate you’re paying on the loan, and how that will affect your payments. Many times homeowners consider getting a HELOC knowing that only the interest will be due every month. Yet they don’t know what interest rate […]

Don’t be the Victim of a Predatory Loan

We hear a lot of the term predatory loan, but don’t think too much about it.  When you hear predatory loan, if you are like most people, you think it is just something that happens to “other people.” You would know if you were trapped in a predatory loan right?  There are rules that banks […]