Dan Papadapoulis's (homeequitytoronto) Blog

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Mortgage and Lending - Mortgage Central Nationwide - M08005776
RECENT BLOG POSTS
Do you know that now is one of the best times to get a second mortgage in Canada despite concerns over the contrary? The risks are not worth sweating over if you take the time to understand what a second mortgage is and only decide after identifying the best type of second mortgage that may work ...
06/20/2019
Getting a home equity loan is fast becoming the norm for homeowners who live on a fixed income and are either near retirement or already in retirement. Financial stress is real for those with already stretched finances. No wonder tapping into one’s home equity is perceived as a very attractive fi...
06/20/2019
Some people dive into applying for a second mortgage without knowing what they are doing. As a result, their process usually takes longer, end in non-approval, or they apply for the wrong type of second mortgage for their situation. These are factors why some people end up getting disappointed an...
05/23/2019
More homeowners are fast becoming aware of the many ways that they can make their home equity work for them. We’ve talked in the past about how you can pay for a home renovation or consolidate debt by using the equity you’ve built up in your home. The question is, what is the best way to tap into...
05/06/2019
Second mortgages are nothing new to most Canadian homeowners; however, not everyone has an equal understanding of what a second mortgage really is and how it can benefit them. For starters, a second mortgage is a secured loan with the security being the home equity. It is a type of home loan that...
05/06/2019
Imagine being a victim of fraud, finding out who the alleged culprits are, gearing up for a trial, and then hearing that the charges have been stayed because there was no judge available for the trial to take place. That is exactly what happened in a recent case wherein Superior Court Justice Bon...
05/01/2019
Getting a second mortgage is a huge financial step that requires thoughtful consideration and planning. It isn’t something that you can do just out of the blue or for no real reason because getting approved for a second mortgage means getting a home loan with your property as the collateral. It i...
04/23/2019
Do you know that about 3 million Canadians have an existing home equity line of credit but survey says that half of us don’t truly understand how they work? According to survey, 35% of people in Canada have a home equity line of credit and 19% admitted that they borrowed more than they intended.R...
04/23/2019
A home equity loan is a home loan that requires a piece of real estate to be used as collateral or security. This loan is provided as a mortgage on a piece of property. The amount someone can borrow from this type of loan is based on the equity of the property used as security. Because of this, a...
04/23/2019
It can be very damaging to suspect that someone is lying but knowing how to identify logical suspicions from those which may not have real basis can be very freeing. It is no secret that everyone is capable of lying and in some instances, lying can cause no harm, however in business and in some f...
03/21/2019
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DanPapadapoulis

Home equity loans, second mortgages Toronto
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