Posts Tagged ‘home equity loans’

With Low Mortgage Rates, Is it the Right Time to Buy a New House?

January 8th, 2010

The title of the article in a recent edition of the Toronto Star grabbed my attention immediately: “It may be the right time to take the plunge” into the housing market.

Note the use of the word “may”, suggesting that it may be the right time, but, depending on your circumstances, it may not. What advice did this article (and other recent ones like it) offer to prospective home buyers?

First, you should » Read more: With Low Mortgage Rates, Is it the Right Time to Buy a New House?

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Potential Freezing of Your HELOC Equity Line

November 25th, 2009

Given the state of the current credit markets, many banks and mortgage lenders have built in provisions to their lending activities that allow a bank to reduce or close their extended credit to you if the housing or credit markets change significantly. However, with the current housing market now improving it is unlikely that this trend will continue for much longer. However, when the credit markets did collapse, a number of maj » Read more: Potential Freezing of Your HELOC Equity Line

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