Mortgage Resources

Real Estate’s Double-Edged Sword

Real Estate’s Double-Edged Sword

It’s easy to forget the power of leverage. With $100,000 of income, a creditworthy borrower can now qualify for almost three times the mortgage they did in the early 1980s. Decades of falling interest rates and expanding credit availability have made that possible,...

Increased HELOC use could lead to higher insolvencies: Equifax

Increased HELOC use could lead to higher insolvencies: Equifax

Overall consumer debt now stands at $2.15 trillion High mortgage growth and low interest rates have resulted in greater uptake for home equity lines of credit (HELOC) — which could be problematic, warns Equifax Canada. The credit monitoring company’s most recent...