What’s A Home Equity Line of Credit?

home equity line of credit

A home equity line of credit is essentially a loan that’s given where the equity in your home is used as collateral. The homeowner is given a total amount they are able to lend via the line of credit, and can withdraw money from it as needed. The credit is repaid based on the agreed…

Read More

How Mortgage Rates Are Determined

mortage

There are a variety of factors that go into how mortgage rates are determined. A mortgage is a loan that may be used to buy property, construct or buy a building, consolidate debt, or make a large purchase. A mortgage rate is the amount of interest you pay for borrowing money for an extended amount…

Read More

Can a Drug Possession Charge Affect Your Mortgage Application?

drug record

If you’re looking to get a new mortgage for your home or recreational property, a drug possession charge very well could come into play. While every mortgage lender will have different policies, in general, most will require a criminal background check to be conducted. If your drug possession charge is still on your record then…

Read More

Our New Site is Live

home refinancing mortgage

The Find a Better Mortgage team has been working hard and is proud to announce that our new site is live! We hope it will be even more effective at helping Canadians find the right mortgage for their needs than in the past. If you have any recommendations, questions or comments, please don’t hesitate to…

Read More