Posted on
July 19/2019By
northwood
There are many advantages to owning a home, including using the equity in your home to access multiple borrowing options that you otherwise wouldn’t have access to. Examples include secured lines of credit, mortgage refinancing, and secured personal loans. Owning a home can allow you to borrow money for a myriad of different reasons. Here, we will discuss pertinent information about secured loans and why homeowners may want to look into them. Benefits of Secured Loans By obtaining a secured loan you actually improve your chances of obtaining a lower interest rate, vis-a-vis an unsecured loan. This is because a secured loan involves using your home as collateral in order to secure the loan, which greatly increases the likelihood that you’ll not only pay off your debts but also do so on time. Your lender will feel more confident in your ability to make your payments on time and will…
Posted on
July 05/2019By
northwood
Despite the benefits of hybrid mortgages, only four percent of Canadians choose them. This could be because the lender doesn’t mention them in their recommendations, or because they seem a bit too complex for the borrower. What is a hybrid mortgage? Before taking a look at whether a hybrid mortgage suits your circumstances, let’s define a hybrid mortgage. A hybrid mortgage is a mortgage that is split into a number of financial components. Every component of the hybrid product has different rates, term lengths, and rate types. This kind of product enables the borrower to benefit from a number…
Posted on
February 11/2019By
northwood
In an economy now largely defined by the rise of start-ups and e-commerce, creating demand for brick-and-mortar stores has become quite the challenge. As a business owner, it’s essential to ride out this change and find an anchor in the changing market. Whether your business is in the retail, corporate or industrial sector, the key to generating innovations is finding the right space to nurture your best ideas. So where do you go to design your latest product or set up shop to accommodate more customers? Acquiring a commercial building can be a smart investment for nurturing developments in the market, adding a nice finishing touch to your business plan. See how commercial mortgages are critical to a successful purchase of retail, office or industrial space to pose your business for success: Owning Trumps Renting Combined with the downpayment and other capital expenditures required to keep your business afloat, mortgage…
Posted on
January 08/2019By
northwood
If you embrace a philosophy of growth and self-care, you’ll want to, as Oprah Winfrey says, “Live your best life.” Even with mistakes, you’ll know at the end you really did make the best effort for yourself, your partner and, if you have them, your kids, too. Second Mortgage in Toronto Sometimes, living your best life isn’t difficult, especially if it means spending time together and enjoying a good meal. But if it’s something that costs money, then you may be looking at securing a loan or getting a second mortgage. If the value of your property has increased since you bought it, then you have what’s called equity in your home. Getting a second mortgage in Toronto is certainly a viable option. A second mortgage means that you can borrow money based on the value of your property. Your home acts as security against the loan. What is a…
Posted on
December 14/2018By
northwood
When it comes to renewing your mortgage there are numerous factors to consider. And with so much financial jargon and so many changing dynamics, your mortgage renewal can seem pretty overwhelming. Sometimes, having a few key pieces of information can be crucial, and arming yourself with just a little bit of industry knowledge can ensure that you’re in charge of your financial future. If you are planning on a mortgage renewal in Ontario, then the tips below should provide some of the extra help you need. Perform the Proper Rate Research Take the time to compare and contrast what you…
