If your credit score is less than perfect, you may think that getting a mortgage is out of the question. But did you know that a debt consolidation mortgage can actually help you improve your credit score? Yes, it can, that’s because, with a debt consolidation mortgage, you are able to lower your overall interest … Continue reading How do you get a debt consolidation mortgage with bad credit?
If you are looking for a mortgage in Toronto, you first call should be to an expert mortgage broker, like Rumy Gill. Rumy Gill has been serving his clients in Toronto for years, helping them to obtain first mortgages, second mortgages, refinancing, home equity lines of credit and much more. His professionalism and the high … Continue reading How Rumy Gill Can Help You Get a Mortgage in Toronto?
These days, even people with good credit often struggle to get the mortgage financing they are looking for whether they are looking to become homeowners or are current homeowners looking to refinance, it’s not easy. So, if your credit is bad, you may wonder whether there is any hope of getting a mortgage at all. … Continue reading What you need to know about Bad Credit Mortgages to get approved in Toronto?
Many Canadians dream of one day owning a home, but getting a mortgage from a traditional financial institution isn’t always easy. People who are self-employed may not be able to proof they have sufficient income, even when their cash flow is good. Others may be plagued with credit problems from their past. And still others … Continue reading When to Consider a Private Mortgage in Toronto?
Having high interest debt can be extremely frustrating. You may wonder whether you’ll ever be able to pay it off and get out from the heavy burden. If you are a homeowner and have equity in your home, one possible solution to help you lower your interest rate and get out of debt faster is … Continue reading How Can a Debt Consolidation Mortgage Help Me?
If you are a homeowner and you need to borrow cash, one of the ways that you can do so is through a home equity loan. While many Canadians use a personal line of credit or credit cards when they want to borrow money, there are some good reasons to choose a home equity loan … Continue reading Three Reasons to Consider a Home Equity Loan
There are several ways that homeowners can access cash from the equity in their homes, but by far two of the most popular ways are refinancing your mortgage or obtaining second mortgage. Both of these strategies allow homeowners to get a lump sum of cash (with refinancing the maximum of their home equity is 80% … Continue reading Is it better to refinance or get a second mortgage?
The main criteria for refinancing your home is not your credit score but rather how much equity you have in your home. Nevertheless, the better your credit score is the more likely you are to obtain a better rate. Typically, the best rates on refinancing are reserved for those that have a credit score of … Continue reading What Credit Score Do You Need to Refinance Your Home?
If you are one of the many Canadians that is struggling with high-interest debt, then a visit with your mortgage broker might be just what you need to develop a strategy to get out from under that heavy debt burden. If you have equity in your home, then your mortgage broker can present you with … Continue reading Should I take out a second mortgage to pay off debt?
There is no question that the better your credit is, the easier it will be to get a mortgage. But that doesn’t mean that you still can’t get a mortgage even with a low credit score. To understand why this is the case, you need to understand that there are different types of lenders. Traditional … Continue reading Is it hard to get approved for a mortgage with a low credit score?