Secured Loan vs Unsecured Loan; What Is the Difference?
A loan is a financial agreement between two parties in which one party lends money to the other with the expectation of repayment. There are two primary types of loans: secured and unsecured. What Is a Secured Loan? A secured loan is a type of loan that uses an asset,...
Things to Know If You Are Qualified
A commercial mortgage is a loan used to finance the purchase of a commercial property. Businesses or investors usually take out commercial mortgages to purchase office buildings, retail units, warehouses or factory units. If you are taking out a commercial mortgage,...
8 Tips That the First-Time Homebuyer Should Follow Part 2
Purchasing a home is a major financial decision. For many people, it is the largest investment they will ever make. If you are a first-time homebuyer, there are several things you can do to help ensure that your experience is positive and successful. Our previous...
8 Tips That the First-Time Homebuyers Should Follow Part 1
The process of buying a new home in Canada can be equal parts exciting and daunting. It is often the largest purchase people make in their lives, and since it is where you plan on living, it must fit your lifestyle. There are plenty of steps to buying a house in...
How a Commercial Mortgage Broker Saves Your Money and Time
Commercial mortgage brokers are not more expensive than going directly to a lender. In fact, commercial mortgage brokers can save money by shopping around for the best loan products and terms for your specific situation. A commercial mortgage broker is also a valuable...
Everything You Need to Know About a Home Equity Loan
A home equity loan is a loan in which the borrower uses the equity in their home as collateral. These loans are often used to finance home improvements, consolidate debt, or pay for significant expenses. The loan amount is typically a percentage of the home's value,...