Today, we will investigate commercial real estate loans, terms, and other facets of the Canadian market. Read on to learn more.
Read More
A second mortgage loan typically has an interest rate that is one to two percent higher than the first mortgage loan. Of course, this all depends on your personal credit score, as well as the type of loan you are applying for. If you are applying for a second mortgage loan on a house that is worth less than 30 percent of its original value, the rate may be up to three percent higher than a first mortgage loan.
Read More
Second mortgages can be a smart financial decision as long as you understand the risks, and look at it as an investment into something that may have bigger returns in the future. Higher education, renovations, debt consolidation, and smart investments are usually the main reasons to take this on. Not only will this give you extra cash, but it can also protect your investment. However, before you jump on this decision, you must take time to research and understand the idea first.
Read More