I got a mortgage from one of the local companies in Vancouver. At the time, I thought this was going to be enough to do much-needed home improvements on my new home but the costs and expenses increased and there was no cash left! Then I heard something that was new to me; second mortgages. What is a Second Mortgage? The first thing that you will need to understand is what exactly a second mortgage is. A second mortgage is a mortgage that is characterized by a loan secured against a current house or property. The loan that you took out first takes priority and has to be paid off before any more money goes into your second mortgage. The reasons for you to consider getting a second mortgage. The reason why many people go for this type of mortgage is that they find themselves in a position where they Read Full Story….
Home loans have been falling in numbers for almost half a decade now; however, there seem to be some positives on the horizon. Recent figures suggest that the number of loans has returned to reasonably high levels; however, it’s still tough out there. So, let’s take a look at how you can beat the squeeze and get a home loan. Electoral Roll Fraud is a big issue when looking for a mortgage and being on the electoral roll will help you out greatly in such a scenario. Though you may never vote, just register as it will show lenders that you’ve lived at one address for a period and are whom you say you are. Students for instance should stay registered at their parent’s address when at college as it shows stability and that they lived at one address for a long period. PostCodes If your postcode is not correct Read Full Story….