Closed Mortgages
The Pros and Cons of Closed Mortgages and Is it the Right Choice for You What is a Closed Mortgage? A closed mortgage is one that is not allowed to be prepaid, renegotiated, or refinanced before the term ends without…
Category Debt Consolidation
How much equity do you need to refinance in Canada
Refinancing Your Mortgage – The Importance of Equity How Much Equity Do You Need to Refinance? Lenders will only refinance up to 80% of a home’s value so you need to have 20% equity left after funding. Refinancing a mortgage…
Why it is difficult to pay down debt
Reducing Debt is a Challenge – Mortgage Refinancing Can Help Debt consolidation is the process of combining multiple debts into one manageable payment. Consolidating debt can provide several benefits, such as a lower interest rate and simplified payments. However, despite…
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