Archive for the "Mortgage" Category

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What You Need to Know about Second Mortgages

A second mortgage is any loan taken out on a home that’s in addition to an existing first mortgage. Second mortgages are generally smaller in size than first mortgages, although they can still be a large sum of money homeowners can use for anything from renovating a home to sending a child off to college. […]

What to Use Your Home Equity Line of Credit for Canada

So often when home equity lines of credit are being promoted, it’s said that they can be used for “just about anything!” While home equity lines of credit in Canada can be a great way for homeowners to borrow without going too severely into debt, the fact that you can use them for anything you […]

What is a Mortgage Broker?

People often use the terms “mortgage broker” and “lender” interchangeably, but the two are really quite different, and knowing where those differences lie could make a huge difference in the actual mortgage payment that you make every month. A lender is a person or a business such as a bank that directly loans money to […]

What is a High-Risk Mortgage?

A high-risk mortgage is a home loan that is taken out by a person with a low credit score, or bad credit. When people have bad credit it’s usually because they’ve defaulted on loans in the past or haven’t paid their bills on time. When lenders look at that, they believe that you have a […]

The Advantages of Hiring the Services of a Loan Modification Attorney

Are you a homeowner attempting to alter the terms of your loan agreement with a lender? If so, hiring the expertise of a loan modification attorney may help in moving the agreement forward through the red tape. Dealing with lenders loss mitigation departments is one of the most daunting tasks you may need to do […]