The Woes of a Second Mortgage with Bad Credit

Dec 152017

Second Mortgage with Bad Credit

Getting a second mortgage can be a great way to access the equity you have built up in your home so that you can pay off your high-interest consumer debt. But while it's possible to obtain a second mortgage with bad credit, taking on a new debt doesn't always make the best financial sense. Below are three important things to consider before applying for a second mortgage with bad credit. 

3 Things You Didn’t Know About Debt Consolidation Loans

Dec 012017

Debt Consolidation Loans
If you have a lot of monthly loan payments and high amounts of outstanding debt, consolidating them into one monthly payment can be a great way to lower your monthly payments, reduce your interest rates, and pay off your debt faster. Here are three important things to know about debt consolidation loans. 

Poor Credit Score Mortgage Solutions: Are Millennials at Risk

Nov 162017

Millennials are responsible with consumer debt, but are they too responsible? Research indicates that not accumulating debt could hinder, rather than help, millennials' financial future -- especially when it comes time to buy a house. Here's why more millennials are having to turn to poor credit score mortgage solutions  to purchase a home. 

Why Use a Bad Credit Mortgage Broker

Nov 012017

Bad Credit Mortgage Broker
Fear of being denied financing leads many people with less-than-stellar credit to simply avoid applying for a mortgage altogether. But while your borrowing history is an important factor in getting approved for a mortgage, it is possible to secure a home loan with poor credit. Here are a few reasons to consider working with a bad credit mortgage broker in your mortgage search. 

What to Ask Your Mortgage Broker About Refinancing with Bad Credit

Oct 172017

refinancing a mortgage with bad credit
Refinancing a mortgage allows homeowners to lower their monthly payments while taking advantage of lower interest rates. But for those with poor credit, getting approved for refinancing can be a challenge. Here are three questions to ask your mortgage broker about refinancing a mortgage with bad credit. 

How Bridge Financing Can Help You

Oct 022017

Bridge Financing Edmonton
If you need the funds from your current home sale to purchase a new one, your lender may have suggested a bridge loan as a short-term financial solution. But what exactly is a bridge loan, and how does it help homebuyers? Here's what you need to know about bridge financing. 

Found Your Dream home but Your Existing Home is still on the Market? Bridge Financing May be the Answer

Sep 012017

Bridge Financing Edmonton
Shopping for a home in the competitive Edmonton market is not an easy task. When you finally find a good house, in a nice neighborhood and at the right price, it is expected that you will act fast to secure the property even before selling your current house. This snap decision lands you in a situation where you are short of finance to put down as a deposit for the new property which then necessitates the use of bridge financing. 

How Debt Consolidation Can Get You Out of Debt Faster

Aug 012017

Debt Consolidation
If you are experiencing financial difficulties due to having many high-interest debt repayments, having the right solution can save you a lot of time, money and greatly reduce stress. One such solution is debt consolidation

Learn More About Getting a Mortgage with Bad Credit