Home Equity Loans: How to Access Your Home's Equity

May 152018

There are many reasons why a homeowner might want to access some of the equity in their home. Whether it's to pay down consumer debt, cover school tuition costs, or complete home renovations, using the equity available in the property is a great way to avoid taking out high-interest loans. Here's how home equity loans can help homeowners tap into the cash they've built up in their Edmonton home. 

Manage Your Money: How Debt Consolidation Loans Can Help You Get Out of Debt Faster

May 012018

If you're finding it difficult to keep up with multiple credit card or loan payments, it may be time to consider a debt consolidation loan. Here are three ways that debt consolidation loans can help you reclaim control of your financial situation and pay off your debt faster. 

3 Misconceptions About Bad Credit Mortgage Brokers

Apr 152018

Many people believe that obtaining pre-approval for a mortgage with bad credit is impossible. While having blemishes on your credit report can certainly make purchasing a new home more challenging, working with a bad credit mortgage broker can help improve your chances of approval. Below, we'll look at three common myths about working with a bad credit mortgage broker, and why they're untrue. 

Tax Debt: Can a Home Equity Loan Help?

Apr 012018

Falling behind on your tax payments? You're not alone. In fact, the Canada Revenue Agency (CRA) estimates that 1 out of 10 Canadians does not repay his or her tax debt on time. The good news is that there is a simple solution for settling your tax debt: taking out a home equity loan. Home equity loans allow you to access the equity that you've already built up in your home in order to pay off high-interest debt, complete renovations on your home, and even pay off the balance owing on your income tax account. 

Five Poor Credit Mortgage Solutions

Mar 152018

There are many reasons that a homeowner may need to access the equity in their home, but the most common one is to improve their financial situation -- whether by consolidating debt, getting a second mortgage, or obtaining interim (bridge) financing. The conundrum is that by the time many homeowners find themselves in a financial bind, their credit score has already been damaged. If you're in need of financing but keep getting turned down by traditional lending institutions, it may be time to consider one of the following five poor credit score mortgage solutions. 

The Benefits of Working with a Bad Credit Mortgage Broker

Mar 012018

If you have less-than-stellar credit or owe a large amount of debt, you may wonder what the point of hiring a mortgage broker is. After all, isn't that just another expense? The truth is, there are many great reasons to consider hiring a bad credit mortgage broker to assist you in applying for financing. Here are three of them. 

Why Bridge Financing is a Great Way to Own Your Dream Home

Feb 152018

Bridge financing is most commonly used by homeowners who need short-term financing between the sale of their current home and the closing of their new home. But many homeowners are discovering that bridge loans can also be cost-effective way to turn their new property into the home of their dreams. Here, we'll look at what bridge financing is and how it can help you own your dream home, today. 

5 Tips to Refinancing a Mortgage with Bad Credit

Feb 012018

Refinancing a mortgage with bad credit can be tricky, but with a little research and preparation, it can be done. Here are a few tips for making your application more attractive to lenders. 

The Benefits of Getting a Home Renovation Loan

Jan 152018

There are many reasons to renovate a home, but most homeowners do so with the intent of increasing their home's value should they decide to sell in the future. Financing home remodelling projects with home renovation loans can be a great way to lower your costs and boost your return on investment (ROI). Here are a few specific benefits of home renovation financing. 

Bad Credit Mortgage Lenders: Is Private Lending Worth it?

Jan 012018

Obtaining a mortgage through a private lender may be more expensive than borrowing from a bank, but it's often the best option for people who are unable to qualify for a loan through a "traditional" lending institution. But is borrowing a large sum of money from private bad credit mortgage lenders a good idea? Here's what you need to know about private bad credit mortgage lenders. 

Learn More About Getting a Mortgage with Bad Credit