• HOME EQUITY LINE OF CREDIT IN CANADA VS. REVERSE MORTGAGES

    Jencor Mortgage    |   

    Categories: Debt Consolidation , Dominion Lending Centres News , Mortgage Refinancing , Mortgage Renewal

    In our business, we are constantly approached with questions about how reverse mortgages work and how they compare to Home Equity Lines of Credit (HELOCs). HELOCs are the most closely comparable products in Canada and many believe them to be superior to reverse mortgages. But many Canadians look at only two things and assume HELOCs are better in every situation: (1) lower interest rates; and (2) the flexible access to cash. Most are forgetting some of the other features and benefits that they should compare before deciding. Below is a chart that lets you see the bigger picture between these…

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  • Finding Funding When The Bank Turns You Down

    Jencor Mortgage    |   

    Categories: Debt Consolidation , Dominion Lending Centres News , Jencor News , Mortgage Broker , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal

    For businesses large and small, a loan may be needed to overcome financial distress, purchase real estate, or acquire equipment to make their jobs easier. Business loans come in all sizes and for use in every aspect of business. Depending upon the size, age, and niche of your business, you can find available funding for every financial need that you can think of. The problem isn’t the availability of funding, it is the turn-down rate of traditional banks that makes obtaining these loans so difficult. Businesses which have been turned down for a loan by a traditional bank often meet…

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