How beneficial is Home Equity Line of Credit

General Krishna Menon 18 Mar

A home equity line of credit (frequently called HELOC) is a loan in which the bank consents to loan the greatest sum inside a concurred period (called a term), where the security is the borrower’s equity in his/her home (similar to a second mortgage). Since a home regularly is a shopper’s most important resource, numerous […]

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Home Buying in Canada

General Krishna Menon 9 Feb

Before you begin your search for a new home, you need to plan ahead. There are lots of costs associated with homeownership, including: Household repairs Land or property taxes Household utility bills Make use of online calculators and other worksheets to help you figure out how these costs add up and what you can and […]

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The 8-Step Mortgage Process

General Krishna Menon 18 Jan

Step #1: Start the Mortgage Process First, you’ll want to determine your new mortgage budget, before you purchase your new home. Are you able to meet your repayment requirements? How much can you afford to pay each month? These are crucial questions to ask before you start, as they’ll be the determining factors of whether […]

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2018 Forecast: New Mortgage Rules Beginning January 1st

Latest News Krishna Menon 17 Nov

According to the Royal Bank of Canada, new mortgage rules expected next year with lead borrowers into the arms of unregulated federal lenders. Beginning on January 1, 2018, Canadian homebuyers will be required to meet stricter guidelines if they hope to qualify for a mortgage with an Canadian mortgage lender.   The Office of the […]

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When Is The Right Time to Refinance Your Home?

Mortgage Refinancing Krishna Menon 25 Sep

You could be asking yourself if now is the right time to refinance your home. First you need to know whether or not it’s in your best interest to do so, and then figure out what type of refinancing is right for you. Types of Refinancing There are two types of refinancing you can consider: […]

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Are You The Average First-Time Buyer?

First Time Home Buyer Krishna Menon 13 Sep

You are a first-time buyer and I bet you’re wondering how you compare to other first-time buyers. There are probably a million questions you’re asking yourself including: Do I look like the average first-time buyer? Who are these average first-time buyers and what does their information look like? What is in their savings accounts and […]

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