Danny Papadopoulos's (homebasetoronto) Blog

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Mortgage and Lending - Homebase Mortgages - 12785
RECENT BLOG POSTS
You may be planning to get HELOC to pay for school, finance a home renovation project, or just want access to your home equity for emergencies and the like. For a lot of homeowners, a HELOC is a good borrowing option with relatively low interest as compared to other types of loans. Having a low-i...
07/16/2019
Dealing with occupational fraud is an unavoidable part of having a business. It can come in the form of financial statement fraud, corruption, or misappropriation of assets. If you own or manage a company, you should do all that is necessary to protect yourself and your business from occupational...
07/16/2019
David Franklin, a real estate lawyer from Toronto believes that Ontario investors have lost more than $1B of their investment money in syndicated mortgages. A CBC news report recently shared that 120 Chinese investors in the GTA stand to lose about $9M in investments like these and David Franklin...
06/20/2019
Making the choice between getting a line of credit and applying for a home equity loan is a tough decision to make. Both will be tapping into your home equity, which means that to get either loan, you’ll be using your home as collateral. However, getting a home equity loan or applying for a line ...
06/20/2019
Living on a fixed income can be very difficult for a lot of Canadians, more so for retirees or those nearing retirement. Financial stress is no joke when you consider rising prices of basic needs, possible health issues with expensive treatments, and other unexpected expenses that may come up. It...
06/20/2019
Getting a second mortgage can be either challenging or easy depending on how informed you are. By definition, an additional loan that you take on a property that is already mortgaged is a second mortgage. This makes a second mortgage riskier for lenders as compared to a first mortgage. In the eve...
05/23/2019
It is near impossible to get out of debt when you also have bad credit. Unfortunately, debt and bad credit is a common problem faced by a lot of Canadians these days. Some people are paying their bad debt with a home equity loan and it seems to be working so the question is, should you get a home...
05/06/2019
Home equity loans and home equity lines of credit are hot mortgage news topics recently because of changes with mortgage rules and interest rates. There is also quite a lot of misunderstanding from readers thinking that HELOCs and home equity loans are one and the same. In this write-up, we’ll be...
05/06/2019
1PLUS12 is an investment company that used to be trusted by their clients until news broke out that they are possibly linked to a $17M Toronto mortgage fraud. One of their consultants was also involved in a B.C. based financial company that lost almost $19M of its investors’ and creditors’ money....
04/23/2019
Home Equity Loans and HELOCs allow you to use your home’s equity as collateral when borrowing money. The borrowed money from a HELOC or a Home Equity Loan can be used to pay for college education, buying a new property, or used for home renovations and repairs. But is this all? Before borrowing a...
04/23/2019
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Danny Papadopoulos

Offering Private & Second Mortgages in Toronto
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