Using your home’s equity to your advantage.
Many people find it easy and affordable to access money through their homes.
This method is especially popular for those with a solid first mortgage.
Learn how to use your home's equity to your advantage, or contact us today to see how we can help you access it!
Canadians buy homes for many reasons. Some want stability by owning their own place, while others see houses as a good investment that can make money over time.
Many people have chosen to buy their first home now because the interest rates are lower. When you buy a house, you borrow money from banks. Sometimes, people borrow too much money and they don't pay it back on time. They might also take out more money than they should at one time to help with other things like college expenses or if they need to pay off high-interest debt.
In the past, many people saw their homes as a safe place. But now, more and more people are borrowing money from their house to make investments. They might use this money for debts or send their child to university or improve the home. In the past, people were scared of spending money from their house.
Today, they use it to make even more money.
While removing equity from your home can be a good idea, you should do so with caution and fully understand the benefits and possible risks.
The best thing you can do is to consult a licensed mortgage professional and financial planner to discuss opportunities to make your home’s equity work for you!
We can help
We're here to help you choose what to do with your home. You can use or sell its extra value. Contact our friendly team today to learn how we can assist you. There’s no better time than now!
Don't let your
dreams of homeownership
fade away!
If you're in search of a mortgage to assist you in achieving your goals, look no further than Mortgages By Design. Begin your journey by reaching out or applying today, and we will support you throughout your incredible path to homeownership, guiding you at every turn.
