Mortgages Blog

Reflections And Insights From The Other Side Of The Desk.

A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and student loans) that a second mortgage might offer.
The holidays are a season of giving and often times, households can find themselves carrying some extra debt as we enter the New Year.
When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative!
After the whirlwind economic year we have had, making your finances work for you is already top of mind for most Canadians as we head into 2023. Here are some ideas to make your finances work for YOU in the New Year:
With the recent inflation and rising prices occurring across the country, it is time to take control of your finances.
Enjoying a Debt-Free Holiday! Celebrations bring joy, but can also bring stress. Ensure holidays are stress and credit-free with these tips.