What is an Equity Based Mortgage? Equity Based Mortgages allow borrowers to use some of their existing equity as collateral for the loan. This type of loan is beneficial to those who have built up equity in their home and are looking for a way to access it. The borrower can choose to
A reverse mortgage is a loan available to Canadian homeowners age 55 or over. It allows them to access a portion of their home equity to help cover expenses, make home renovations, or simply improve their quality of life in retirement. How does reverse mortgage work in Canada? A reverse mortgage works
A home equity line of credit, or HELOC, is a type of home equity loan that allows you to borrow against the value of your home. You can use the money you borrow from your HELOC for any purpose, such as consolidating debt or making home improvements. What is a HELOC? A home
A b lender is a type of financial institution that provides loans to borrowers. B lenders typically charge higher interest rates than banks and other traditional lenders, but they may be willing to lend to borrowers with less-than-perfect credit. B lenders may also offer loans with shorter repayment terms than traditional lenders.