What is a Home Equity Line of Credit?

What is a Home Equity Line of Credit?

What is a HELOC? A home equity line of credit, also know as “HELOC”, is a revolving line of credit which is secured by your home. You can borrow money up to the credit limit, which is usually a percentage of your home’s value. A HELOC is an option for borrowing on...
What is Bridge Financing?

What is Bridge Financing?

If you want to sell your current property and purchase your next dream home, you might be concerned that the closing dates need to be on the same day.  You might be worried about losing a property if the closing dates overlap, or being put out on the street if the...
Questions to Ask Before Getting a Mortgage

Questions to Ask Before Getting a Mortgage

When you are ready to buy a home, you may have a lot of questions. Many of these questions have to do with getting a mortgage! Before you go house hunting and start putting offers down on properties, make sure you get a mortgage pre-approval done and give some thought...
Interest Rate Differential (IRD) – what is it?

Interest Rate Differential (IRD) – what is it?

Looking at the low mortgage rates, it is extremely tempting to consider the option of breaking your mortgage early to try and get a better rate. If your rate is much higher than today’s rates, this might make sense, but before you make a decision be sure to research...