Defining a Second Mortgage – A second mortgage of the property in Ottawa is the second loan you take out on an already mortgaged property. In general terms, a second mortgage is in the form of a Home Equity Line of…
5 Reasons to Refinance Your Mortgage
There has been a flurry of refinance activity this year given our rock bottom interest rates, providing homeowners with access to today’s low rates and the most cost-effective way to get needed funds. Refinancing means getting out of your current mortgage…
Could an Investment Property be your Pension?
The recent shock to the economy has had many Canadians thinking seriously about what their life might look like after their paycheques stop. Even if you have a workplace pension plan to look forward to, you may find it falls…