Dan Papadapoulis's (homeequitytoronto) Blog

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Mortgage and Lending - Mortgage Central Nationwide - M08005776
RECENT BLOG POSTS
We’ve been sharing updates and news about fraud in Canada for the past year, and it looks like corrupt activities and fraud are not going to stop any time soon.Not So Clean After All, Eh?Although Canada has quite a positive image compared to nearby countries south of the border, it still got infi...
01/12/2018
It is no secret that property values have gone up in Canada in the last 15 years. People living in certain areas like Toronto and Vancouver who bought their homes more than 2 decades ago have more than doubled the value of their properties. The recent huge increase in real estate market values me...
01/12/2018
The issue of home ownership is often hard to understand for quite a lot of people who’ve never applied for a home equity loan before. In this article we will tackle the common misconceptions and cover the basics of home equity loans. We hope that after reading this article, you will be better equ...
01/08/2018
A second mortgage is another loan taken with a different mortgage lender on a property that has an existing mortgage. The person who applied for the mortgage must still pay the primary mortgage with the addition of also having to pay for the second mortgage.Reasons Behind Higher Interest Rates On...
01/08/2018
Thousands of Canadians have fallen victim to scammers who pretend that they are from the CRA. Unsuspecting victims are usually contacted with threatening texts, emails, or calls telling them that a recent audit has uncovered that they owe a substantial amount to the Canada Revenue Agency. The CRA...
12/13/2017
No matter how established you are as an investor, there will be times when getting a bank to finance a new property or other investments can be a hassle. Changes are always at play when it comes to financing and getting your loan approved by banks.The above is how and why asking for assistance fr...
12/06/2017
It looks like the central bank is not going to announce changes in interest rates soon, as can be inferred by economists regarding the matter.Senior deputy governor Carolyn Wilkins and governor Stephen Poloz of Bank of Canada will provide an update soon; but experts are not expecting them to give...
12/06/2017
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
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DanPapadapoulis

Home equity loans, second mortgages Toronto
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