Mortgages

If you are a homeowner, you probably already know how a forward mortgage works – it is a loan you use to purchase a house. A reverse mortgage, also known as ‘equity release,’ is precisely the opposite of it. In simple terms, it is a loan that allows you to borrow money against your equity […]

A Home Equity Line of Credit or HELOC is a secured credit wherein the loan is backed by your home equity. It is a revolving line of credit, meaning you can borrow and repay multiple times before you max out your credit limit. HELOC is becoming an increasingly popular form of credit in Canada and […]