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Mortgage Education

Understanding Home Equity Loans

 

understanding home equity loansHome equity is the difference between what your house can sell for and what is left on your mortgage. Understanding home equity loans can be confusing for some. For instance, if you can sell your house for $500,000 and you have $300,000 left as a balance on your mortgage, you now have $200,000 of equity in your home. Equity can be used as a means of borrowing money against your home (leveraging) without having to sell it. Read More…

Mortgage News

Toronto Real Estate Market Report April 2014

Toronto real estate market

Despite a tight market and a shortage of listings, April’s sales figures for the Toronto real estate market are still showing an increase over last year. The 1.8% increase in sales came primarily from the single-detached, semi-detached and townhouse market segments. Read More…

Home Ownership

5 Things A First Time Home Buyer Needs To Know

 

first time home buyerYou’re a first time home buyer and are ready to invest your hard-earned money in a house and make it your own. Before you run out and drop your cash on the first house that tickles your fancy, you might want to consider these things first: Read More…