Danny Papadopoulos's (homebasetoronto) Blog

Each payment you make towards your mortgage as a homeowner goes into building your home equity, making it a powerful financial asset that is just waiting for you to tap at the right time. As you make more payments, your home equity grows, same as it grows when property values increase in your are...

One of the smartest ways to fund financial projects is to use home equity if you’re a homeowner. You can convert your home equity into accessible cash to pay for debt consolidation, home improvement, or other large expenses by applying for a HELOC or a home equity loan in Toronto. Below are what ...

Improving your home’s value is something you should always have in the back of your mind when you’re a homeowner. Better home value means you will have an easier time selling when you decide it is time to let go. It also means increasing your home equity so that you can tap into it in case you ne...

Homeownership is a dream for many. Unfortunately, some people take advantage of this and commit fraud. Even with the COVID-19 pandemic going on, it seems that there is an increased incidence of real estate fraud in Canada.Real Estate Fraud is on the RisePlenty of homeowners face challenging finan...

Canadians, in general, are usually easily content and have a tendency to just go with the status quo. The good thing is that this way has served us good during various economic issues such as the financial crisis of 2008. Unfortunately, mortgage fraud has risen up so drastically in the past few y...

Many individuals are experiencing financial difficulties at this time and may be tempted to apply for a second mortgage to meet their financial needs. Some people choose to apply for a second mortgage to consolidate their debts, use as a down payment for another property, to fund a business, or t...

Getting a home equity loan in Toronto is not a decision that can be taken lightly. As a type of second mortgage, applying for a home equity loan means borrowing against your home equity or getting a loan with your home as the collateral. Inability to pay back the loan can mean losing one’s home.H...

A second mortgage allows you to borrow against the asset that you have built in your home. If you own a home and have been paying your mortgage, you are building home equity that can be accessed with the help of a second mortgage. This will help you use your asset for your projects without having...

Getting a second mortgage is a popular way to access home equity, but not everyone is well-versed with it. As a homeowner, you may have heard of a second mortgage and perhaps considering applying for one right now. Before you do so, make sure to read up on the things to know when getting a second...

How to borrow against home equity is a common question from homeowners these days. In these trying times, homeowners are trying to find more ways to leverage their homes to cover their other financial responsibilities. One good way to accomplish that is to borrow against your home equity.Although...