What the Heck is a Second Mortgage?

April 18, 2019

What the Heck is a Second Mortgage? First off, are you aware that you can take a second loan on your home? A first mortgage usually starts with buying the property. The second loan against the same property, while your [...]


Are You Curious Why Home Owners Take Out Second Mortgages?

February 07, 2019

Are You Curious Why Home Owners Take Out Second Mortgages? 2nd mortgages or home equity loans can be used for important expenses, paying off outstanding debts, renovations or Children’s education. Home Equity Solutions offers 2nd mortgages or home equity loans [...]


What the Fall of Home Capital (Doesn't) Mean

February 07, 2019

The Fall of Home Capital and What it (Doesn’t) Mean for Canada’s Housing Market Recently, a few people have asked me what the implications are of the recent 60% decline in Home Capital’s stock price, so I thought I would make [...]


The Impact of Vancouver's Foreign Buyer's Tax

February 06, 2019

The Impact of Vancouver’s Foreign Buyer Tax In July 2016, the Government of BC imposed a steep property transfer tax on foreign buyers of real estate in Greater Vancouver. With the Government of Ontario actively looking at implementing a foreign buyer’s [...]


Changes Coming to BC's Real Estate Industry

February 06, 2019

Expect a Shakeup of BC’s Real Estate Industry Change is on the horizon for BC’s real estate industry and, as a potential consequence, the housing market. If you are looking to buy or sell, if you are a realtor or [...]


What is "Shadow Flipping"?

February 06, 2019

What is “Shadow Flipping” in Vancouver’s Real Estate Market? If you have been following the news around housing affordability in Vancouver, you have probably heard the term “shadow flipping”. It has a lot of people upset, with the Premier calling the [...]


5 Reasons to Pay Down Your Debt First

February 06, 2019

5 Reasons You Should Always Pay Down Your Debt First Personal finance doesn’t have to be all that complicated. In fact, it shouldn’t be. For the vast majority of people, it comes down to a few simple rules. One of [...]


What is an Amortization Period?

February 06, 2019

Continuing with our series of posts on some of the most common mortgage “need-to-knows”, this post focuses on amortization periods. We will define what an amortization period is, how it affects you and answer the most common questions about it. [...]


A Great Tool to Monitor Your Personal Finances

February 06, 2019

Get on Top of Your Finances As we have said in the past, it is important for you to stay on top of your finances. This means more than just paying your bills on time. It means understanding and monitoring [...]


What is Stated Income?

February 06, 2019

Stated income is an extremely important concept for self-employed persons and small business owners that are thinking about getting a mortgage. This post provides a definition for stated income, how it affects your mortgage application, and what you need to [...]