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Toronto Private Mortgages: A Short-Term Option for Homeowners
Read more about Toronto Private Mortgages: A Short-Term Option for HomeownersToronto-area real estate has become less competitive in recent months, with softer market conditions across the GTA. With banks changing how they treat risks, fewer homeowners are finding that renewing, refinancing, or getting more money through traditional channels is still a matter of course. The predicament has made it more difficult for those who wish…
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Can You Get a Loan While in Arrears? What Homeowners Should Know
Read more about Can You Get a Loan While in Arrears? What Homeowners Should KnowMortgage arrears don’t just appear overnight. Maybe you lost your job. Perhaps an unexpected expense drained your savings. Or maybe the payments just got out of hand. Now you’re getting notices from the lender, and the threat of power of sale feels more real by the day. If you’re in Ontario and behind on your…
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Drowning in Debt? How a Second Mortgage Can Throw You a Lifeline
Read more about Drowning in Debt? How a Second Mortgage Can Throw You a LifelineFrom manageable bills and life situations, debts can arise that snowball into stress. An array of high-interest debts, such as credit cards, payday loans, and taxes, builds pressure on individuals, and they may find that their inability to pay their mortgage puts their house at risk. The sooner you take action, the better. This article…
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Using a Second Mortgage to Stop a Power of Sale: Pros and Cons
Read more about Using a Second Mortgage to Stop a Power of Sale: Pros and ConsPower of Sale notices can cause panic. All Ontario homeowners going through this troubling time must be informed of their options so they may save their property. One option is getting a second mortgage. Depending on the amount of equity held in the home, a second mortgage quickly brings money, potentially stopping the power of…
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