Thinking about a home equity loan? This article provides a quick primer on what they are, how they are used, and their most important characteristics. Home equity loans are becoming more common in Canada – a result of tightening lending [...]
Canadian household debt levels continue to be a hot button topic for policy-makers and media commentators alike. While concern is warranted, the situation is not nearly as dire as some might lead you to believe. Not interested? Hurtful, but fair [...]
Home equity loans are growing in prominence in Canada and are one of several ways that Canadians have been taking advantage of low-interest rates and rising house prices. But what are they doing with the money? This post explores the [...]
The Federal Finance Minister recently announced changes to the minimum down payment scheme in Canada. As we discussed recently, these changes will impact would-be buyers in certain markets, but the extent to which this impacts the broader housing market and, by [...]
Changes to the Down Payment Scheme – What Do They Mean? On Friday, new Federal Finance Minister, Bill Morneau, announced changes to the down payment scheme in Canada. What are these changes? Who will it affect and how will it affect [...]
Almost half of all Canadian families under the age of 65 are currently holding on to credit card debt. While it is convenient to use credit cards to make your purchases, it is not advisable to use credit cards as a [...]
This article explains what we call the Virtuous Cycle of Debt Consolidation. This is what happens while you are consolidating your debt and how the process reduces your debt faster, improves your credit rating, and helps you sleep better at night.We have [...]
Are you a homeowner that is looking to consolidate your debt? If so, this article provides the information you need to know. Debt consolidation allows you to lower your interest rates, reduce your debt faster and improve your credit [...]
Debt Consolidation Calculator We are now offering free access to our custom Debt Consolidation Calculator and Reports. Click the previous link to get access immediately. If you would like to learn more about the free debt consolidation calculator and accompanying [...]
How the Debt Consolidation Process Works A lot of what we do at Home Equity Solutions resolves around helping households consolidate debt. There are some misconceptions and there is a bit of misunderstanding surrounding debt consolidation in Canada and we [...]
Is Paying Down Your Mortgage Really the Fastest Way to Pay Down Your Mortgage? No, that title isn’t a typo, though it admittedly was meant to catch your attention, which evidently worked. Now, if you’re still with us, we will [...]
No, Your Property Taxes Will Not Rise by 20-25% Next Year Recently, there have been a number of news articles pointing out that the next property assessment will include a significant increase. This is true. However, this will not lead to [...]