Home equity loan alternatives: what are my options?
Every time you make a principal mortgage payment, you’re helping to grow the equity in your home. And this equity can be used for a loan. A home equity loan is when you borrow money…
How does a second mortgage work?
Got equity in your property, but a refinance is out of the question? A second mortgage could be exactly what you need. If you’ve been paying down your home loan for a few years, there’s…
Quick guide: how to use short-term loans for bad credit
Credit score, also known as Credit rating, represents your reputation as a borrower. This number helps lenders determine your ‘risk profile,’ which impacts the amount of money they’ll lend, as well as the rate and…
Caveat vs Mortgage Loans: What is the difference between the two?
If you’re thinking about borrowing money for personal use or quick cash flow injection, you can consider a number of different loans, including a caveat loan or short-term mortgage loan. These two common finance options…