Danny Papadopoulos's (homebasetoronto) Blog

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Mortgage and Lending - Homebase Mortgages - 12785
RECENT BLOG POSTS
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...
06/08/2018
Most people wouldn’t think of their home equity as a form of savings that can be used just like cash, but if you know how to tap your equity, you can make it work for you and improve your financial situation.Using Your Home EquityYour home equity is the value of your property that you own. You ca...
06/08/2018
Getting a home equity loan is considered to be quite a feat for a lot of people because of perpetuated common myths about home equity loans. Don’t forget that other factors such as being self-employed or having a less than stellar credit history can be a deal breaker with some lenders. So, how tr...
05/22/2018
Fraud in Canada has been a problem for quite a while, but it is now growing stronger than ever as the digital age provides fraudsters with more ways to commit fraud. Digital fraud used to be just confined to identity theft via phishing but these days there’s smishing, shimmers, and tech-support f...
05/15/2018
New mortgage rules made household lending a bit trickier for the first quarter of 2018, shared Bank of Canada. This development regarding the OSFI mortgage stress test that started in January led to more Canadians going to loan sharks and to private lenders because they can’t qualify for a bank m...
05/12/2018
Home equity is a huge asset that you can use to help you fund some projects, finance investments, or use as emergency cash with the help of a home equity loan. There no one specific way to best use a home equity loan but by understanding what it is, you’ll be better equipped to decide how to use ...
05/11/2018
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...
05/10/2018
Applying for a second mortgage is no light decision because it is a loan that can take your home away from you if not paid back according to the terms you’ve agreed to. On the other hand, it allows you to access your equity without having to sell your home. With this in mind, it follows that a ca...
05/10/2018
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...
04/25/2018
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...
04/18/2018
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Danny Papadopoulos

Offering Private & Second Mortgages in Toronto
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