How to Pay Back Your Home Equity Line of Credit

Jul 152018


Since a home equity line of credit (HELOC) typically requires low, interest-only payments for the first 10 to 15 years of borrowing, there are clear advantages to repaying the full loan amount as quickly as possible. Here are a few ways to pay off your HELOC faster without overextending your monthly budget. 

The Ins and Outs of Home Renovation Loans: What You Need to Know Before You Renovate Your Edmonton Home

Jul 012018


While credit cards and personal lines of credit can be used to finance your home renovation project, there are better options available that can save you hundreds, if not thousands, of dollars over the long term. Before you begin work on your property, here are a few other types of home renovation loans to consider. 

Take the Right Steps to Refinance Your Mortgage with Bad Credit

Jun 162018


Refinancing a home loan allows homeowners to take advantage of lower interest rates, saving them hundreds, or even thousands, of dollars over the life of their mortgage. But for homeowners trying to refinance their mortgage with bad credit, can have their struggles. While refinancing a mortgage with bad credit can be a challenge, there are steps you can take to improve your chances of getting approved. Here are three tips for obtaining a new home loan. 

How a Bad Credit Mortgage Lender Can Help You AVOID Bankruptcy

Jun 012018


If you own a home and are facing bankruptcy, it's time to consult with a bad credit mortgage lender about the debt relief options that are available to you. Below are three solutions that a bad credit mortgage lender may suggest in order to help you avoid insolvency. 

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. 

Learn More About Getting a Mortgage with Bad Credit