Tag

home equity
Top 7 Reasons to Take Equity From Your Home One of the nice things about being in the real estate industry for so long is I have seen lots of examples of Canadians boosting their net worth dramatically by virtue of building equity in their home. When I look back five, ten years ago, I...
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Top reasons to refinance Canadians are looking to their mortgages for low-cost funds. According to the Spring 2014 Survey by the Canadian Association of Accredited Mortgage Professionals (CAAMP), for those who qualified to take equity out of their homes (homeowners with at least 20% equity), the average amount withdrawn was $51,000: up from $48,000 in...
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Dear Ross, two years ago my parents ran into debt problems and went to see an insolvency “expert.” He reviewed their information and informed them the equity in their home was at risk. He advised I register a mortgage for $140,000 on their property using my company as the ‘lender’. We didn’t actually lend my...
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