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Blogs

Canada Mortgage Blog

Home Equity Loan

July 24, 2010
Vancouver Home equity loan
In simple terminology, a Vancouver home equity loan is a loan taken against your house. A home equity loan is also called a mortgage or a second mortgage.

While taking a home equity loan you are actually borrowing the worth of your house. If the house is completely owned by you, then the term used for home equity loan is "mortgage", otherwise if your house is not fully paid off but has equity, it is called a "second mortgage". From now...
Posted in Home Equity

Knowing When Your Ready To Buy ....

June 29, 2010
Knowing When Your Ready To Buy

All across Canada, there are millions of people looking to a buy home - either now or in the future.  Over the last few years, lower interest rates have come along, making it more affordable than ever to buy a home.  When most people stop and give it some thought - buying a home makes a lot more sense than renting a home or an apartment.

In order to buy a house, youíll need to start saving your money and have enough for the cl...
Posted in Buying a Home