Posts Tagged ‘Mortgage Plans’
5 Refinancing Myths You Shouldn’t Believe
Many homeowners use refinancing as a way to access the equity in their home and get the cash they need to consolidate debt or to finance a larger expenditure. And while refinancing can be an extremely effective tool for doing these things, there are some myths sounding it that homeowners should be aware of. Here…
Read MoreThe Process of Qualifying for Commercial Mortgage Loan
Are you considering purchasing a property for your business? If yes, you will need a commercial mortgage loan. Below mentioned explains in detail the process of qualifying for a commercial mortgage: Evaluating your finances You must know if you will be able to make your scheduled monthly payments. Most lenders will need proof that your…
Read MoreWhat are the Benefits of Securing a Second Mortgage?
A second mortgage enables the borrower to use the equity in their property as collateral to secure another loan. Below mentioned are the benefits of using a second mortgage: Get approved even with a poor credit score Because a second mortgage is secured against your home, you can borrow even with a bad credit rating.…
Read MoreHow You Can Get a Self-Employed Mortgage With a Zero-Dollar Budget
Running a business as a self-employed individual has plenty of challenges, and one of the challenges is getting your mortgage application approved. However, it does not have to be a stressful task. Being a self-employed individual means you have to present more evidence and paperwork, otherwise, your loan will not get approved. Below mentioned are…
Read MoreThe Ultimate Guide to the First Time Home Buyer Mortgage Process
Planning to buy your dream home but not sure where to start? Don’t worry, below mentioned is a step-by-step process to get one step closer to achieving your dream. From finances to paperwork, we’ve got you covered. Step 1: Get your finances in order Like most people, you will need to apply for a mortgage…
Read MoreThe “Now What?” of Being Denied for a Mortgage
You’ve had dreams of buying this home for you, and your family, for years. Whether it’s your first home or you’re upgrading, a new home is very exciting, and it can be devastating when the financing doesn’t work out. If you have been denied for a mortgage, here is what you need to do. Ask…
Read MoreThe Legal Penalties of Breaking a Mortgage Contract in Canada
When you sign a mortgage contract, you are agreeing to make payments for the term of the mortgage (usually 5 years). After the term, you have the option to renew your mortgage for another term or to pay off the balance. If you choose to break your mortgage contract before the end of your term,…
Read MoreMortgage Fraud: What to Look For
If you are purchasing a property, it is important to take steps to protect yourself and your family against mortgage fraud. Victims of mortgage fraud can find themselves shoulder unimaginable debt, so know what to look for is key. Here are a few simple steps you can take, so you won’t become a victim. What…
Read MoreThe WHEN and HOW of Consolidating Debt into your Mortgage
You can pay debts more quickly if you consolidate your debts in Mortgage. Debt consolidation can be an extremely effective strategy however it is important to know how and when to do this in order to achieve the best possible outcome. How to Consolidate Your Debt into Your Mortgage There are a number of different…
Read MoreThe Benefits of Using a Mortgage Agent When You Buy your First Home
Buying your first home is an exciting, but potentially scary time for many soon to be homeowners. Oftentimes, the scariest part is the financing. You want to make sure you will be able to afford your home and that your financing will be in place for closing day. That’s where a mortgage agent comes in.…
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