Dan Papadapoulis's (homeequitytoronto) Blog

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Mortgage and Lending - Mortgage Central Nationwide - M08005776
RECENT BLOG POSTS
Economist Benjamin Tal of CIBC World Markets shared that unless housing preferences and policies change, then the Vancouver and Toronto housing markets will continue to rise as increasing demand and tight supply put more pressure in said markets.Transition PeriodThe economist also said that the C...
12/06/2017
Are you near retirement but have not saved enough cash? Do you know that you can use your home’s value as extra retirement fund?Your home is essentially a bank of wealth of the money you paid for it throughout the years.  The equity you’ve built up in it is a cash resource if only you know how to...
11/10/2017
Getting a home equity line of credit is increasingly becoming popular for homeowners who need some extra spending money. It is also relatively easy to qualify for compared to other types of loans as long as what the homeowner owes is less than the equity built in the home.The above are just some ...
11/10/2017
Risks of high real estate prices and household debt will be addressed by the new OFSI residential mortgage lending guideline updates.Mortgage UpdatesSome of the risks that are part of partaking in the mortgage market will become significantly lower when tighter mortgage lending rules are implemen...
11/10/2017
Determining when is the right time to take advantage of your home equity is a tough decision for most homeowners. Some worry that they may not be able to pay back a second mortgage and some don’t apply for a second mortgage because of fear that they won’t be approved or that the process would be ...
10/24/2017
It seems that getting a second mortgage is very popular these days, but why are people getting a second mortgage, to begin with? Is it a safe or a wise decision to do it when you’re not yet paid with your first mortgage? We have answers (and more) below!First, What is a Second Mortgage?Investoped...
10/24/2017
A fine that can go as high as $50,000 awaits real estate agents who engage in unethical double-ending. Double-ending is when brokers, salespersons, and brokerages push through a real estate deal while representing more than one party in the deal.When Interests Are ConflictedRegulatory changes are...
10/24/2017
Nearly all home updates can improve the aesthetics and function of your home, but some give you more value to each of your dollar spent. We’ve compiled the best home updates that are worth your money to give you an idea which home upgrades to go for more so if you’re planning to sell in the near ...
09/18/2017
A significant number of Canadians are borrowing from private lenders to purchase homes because not everyone can get mortgages from Canada’s lending institutions and big banks.The Dream of Home OwnershipThe above is the reality of the housing situation these days as traditional lenders get stricte...
09/18/2017
Some people apply for a home equity loan just because they qualify for it and not for any smart purpose or reason. Sure, it is quite nice to have access to some cash that you can use to buy or pay for some things you may like now, but you have to remember that a home equity loan comes with obliga...
09/05/2017
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DanPapadapoulis

Home equity loans, second mortgages Toronto
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