Danny Papadopoulos's (homebasetoronto) Blog

Home Equity Lines of Credit are as popular as ever, but some homeowners may think that they may not be able to get a HELOC in 2019 in light of recent changes and reports regarding HELOCs.The Issue with RepaymentResearch says that about 25% of those with HELOCs only manage to pay the interest for ...

Do you know that at present time, there are more credit cards than there are people in Canada? TransUnion’s study says that 43 million credit cards are active in Canada and we only have a population of about 35 million. This means that the majority of people have credit card debt and multiple cre...

Borrowing money by using home equity is nothing new, but many people are still misinformed about what they need to know about how to do it. Tapping your home equity for a loan is easier to get an approval of than trying to get other types of loans. Below are further details on this.Computing Your...

Getting a home equity loan is one of the increasingly popular ways for Canadians to take advantage of current low-interest rates and increasing house prices. Below are the top uses that Canadians are utilising their home equity loans for.Funding Home RenovationA home equity loan is a smart way to...

If you’re undecided yet whether you should get a second mortgage or not, now is one of the best times to get a second mortgage in Canada. You just have to be sure that you fully understand what it means to get a second mortgage and what options will be best for you. More about second mortgages in...

Trying to manage several debts can be a huge headache more so if you have to deal with debt collectors and are already financially stressed out. It might be best to consolidate your debt to make payments easier to manage as well as get rid of unnecessary stress. More so, debt consolidation can sa...

Getting out of debt when one has bad credit is one of the most common issues faced by Canadians these days. It may be quite easy to get out of debt if one has good financial records but for those with bad credit, this is a huge challenge to overcome.Is it Smart to Get a Loan to Pay for Debt?Most ...

Refinancing your mortgage is not an easy decision to make no matter how many people around you have done the same and things turned out fine. The decision is a personal one and best made when you’re fully informed of the things you need to know when refinancing your mortgage.What is Mortgage Refi...

Do you know that you can significantly improve your credit score by getting a second mortgage when you have bad credit? If used correctly, a second mortgage can be used to repair bad credit although the challenge lies in qualifying for one when your credit score is bad. If your application is str...

Buying your dream home or taking a loan is near impossible if you have bad credit. This is because one’s credit score is usually used by lending institutions as a way to determine how risky it would be to lend money to a specific individual.Unfortunately, the credit score does not really represen...