Danny Papadopoulos's (homebasetoronto) Blog

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Mortgage and Lending - Homebase Mortgages - 12785
RECENT BLOG POSTS
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
Getting a home equity loan if you’re from the Greater Toronto Area shouldn’t be much of a hassle if you own your home and willing to work with lenders other than banks. It will help a lot too if you have some assistance from mortgage professionals in the GTA like us at Homebase Mortgages.But Firs...
04/23/2019
2018 was such a ride for the Canadian Mortgage Market. The Stress Test was introduced and a higher interest rate was implemented. This year won’t be any different. Those wanting to get a mortgage, apply for a second mortgage, or get any other types of mortgage on their existing home loan should r...
04/23/2019
Getting a second mortgage remains as one of the best financial solutions for homeowners who are at a financial bind and need funds. Not everyone has a stash of savings in their bank and when a huge expense comes by, it is comforting to know that you can use your home equity to gain access to some...
03/21/2019
Just thinking about getting a second mortgage can be very intimidating. Maybe you’re unsure about whether getting a second mortgage can really help you. Understanding what it is and what it can do for you should allay your worries and make for a smoother application process. That’s why we wrote t...
03/21/2019
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Danny Papadopoulos

Offering Private & Second Mortgages in Toronto
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