Danny Papadopoulos's (homebasetoronto) Blog

Debt consolidation is becoming more popular these days but is it worth it to consolidate your debt? Basically speaking, debt consolidation is the process of making your life easier by converting multiple high-interest debts into a single lower-interest debt. It may not be for everyone but it is b...

Reports show that there is an increasing number of homeowners who are borrowing from private lenders in the Greater Toronto Area but are they doing the right thing? Is it safe to borrow from private mortgage lenders?Why People Are Turning to Private Mortgage LendersWith banks and large financial ...

With a home being the most expensive purchase that most people will make in their lifetime, Canadians are surprisingly not as concerned with finding a good deal for their mortgage loans as the rest of the 10 countries surveyed by HSBC. HSBC’s data showed that Canadians are the least concerned amo...

Using a loan to consolidate debt can be tricky because the last thing you want is to get a loan that will get you deeper in debt. What you want is to find the best loan option for consolidating debt that will perfectly suit your situation. This is possible after careful consideration of the pros ...

A new rule change may make it a lot tougher for those who have a HELOC in Canada to get a second mortgage. Just recently, Toronto-Dominion Bank, the leading HELOC provider in Canada, just changed their policy and are now requiring those who have applications for other financing methods to prove t...

Home Equity Lines of Credit are as popular as ever, but some homeowners may think that they may not be able to get a HELOC in 2019 in light of recent changes and reports regarding HELOCs.The Issue with RepaymentResearch says that about 25% of those with HELOCs only manage to pay the interest for ...

Do you know that at present time, there are more credit cards than there are people in Canada? TransUnion’s study says that 43 million credit cards are active in Canada and we only have a population of about 35 million. This means that the majority of people have credit card debt and multiple cre...

Borrowing money by using home equity is nothing new, but many people are still misinformed about what they need to know about how to do it. Tapping your home equity for a loan is easier to get an approval of than trying to get other types of loans. Below are further details on this.Computing Your...

Getting a home equity loan is one of the increasingly popular ways for Canadians to take advantage of current low-interest rates and increasing house prices. Below are the top uses that Canadians are utilising their home equity loans for.Funding Home RenovationA home equity loan is a smart way to...

If you’re undecided yet whether you should get a second mortgage or not, now is one of the best times to get a second mortgage in Canada. You just have to be sure that you fully understand what it means to get a second mortgage and what options will be best for you. More about second mortgages in...