Danny Papadopoulos's (homebasetoronto) Blog

Getting a second mortgage isn’t as simple as marching to a bank and telling lenders that you want to take a loan against your home equity. Although a second mortgage is just defined as a loan against the equity you’ve built up for your home, getting one is a complicated process that can result to...

Applying for a HELOC can be very daunting more so if you have no idea whether going for one would be for your best interest when trying to finance a big project.Financing big projects by using your home equity does make a lot of sense if the benefits you will get will outweigh the fees you’ll hav...

Finishing your basement isn’t just about increasing your living space, it is an investment in home improvement that can significantly affect you home’s value and increase your home equity when done right.You have to make sure that you take certain precautions to ensure that your new finished base...

A lot of people are getting interested in applying for a private mortgage but are not sure if getting one will truly be beneficial for them. After all, getting a private mortgage is a big decision and not just something to take on a whim. You’ll want to weigh the disadvantages against the advanta...

There are many types of debt consolidation loans to choose from, but one might be better than the other for you depending on your specific circumstances. Read on below to help you choose the best one for your needs!But First, Why Consolidate Debt?Paying debt can be very difficult, more so when yo...

Applying for a HELOC is serious decision that needs careful consideration of several things. You can’t just apply for a HELOC with no battle plan in mind and no real purpose for applying for this type of home loan. Here are 5 questions you must make sure to ask before you apply for a HELOC.Are yo...

An increase in Canada’s mortgage rates will eventually happen and when it does, the national real estate market will get one of the biggest shocks it will ever have in the past 3 decades or so. There is fear that the real estate bubble will burst and policymakers are busy trying to prevent that f...

Most seniors who own homes have stopped working and are either relying on passive income through investments or their savings. A lot are cash poor and feel that they can’t enjoy retirement because of financial issues. Luckily for them, they can use the accumulated value of their property to their...

A home equity loan is a type of loan taken on a home’s equity. It can be used by anyone who owns a home with substantial equity. Most people who have such equity are seniors who are in or near retirement age because they’ve been paying for that equity for quite some time.When someone is in retire...

Ontario has the highest auto insurance premiums in Canada despite the province having low rates of collisions and deaths – a big factor to that is the prevalence of auto insurance fraud.Changes AheadOntario is looking into ways to push for changes in the auto insurance industry to help try to com...