Buying a home is a big decision and can be extremely stressful, especially for those who don’t have much experience. Whether you are renting to have low commitment and the ability to move or you are buying to build equity and create a nest for your future eggs, most...
For many young Canadians, purchasing a home is part of a life-long goal. Of the many elements involved – securing a downpayment and making sure the timing is perfect – getting an affordable mortgage option is arguably the most important. Have a good credit...
Many homeowners often consider using their RRSP to purchase an investment property, but there are many factors to consider before financing a future property with your RRSP. Let’s discuss the basics and implications of using your RRSP to invest, as well as how you can...
Since its introduction in 2018, homeowners across the nation have dealt with financial difficulties and challenges when facing Canada’s infamous mortgage stress test. So to help take the stress off any mortgage concerns you may have, the Leap Financial team has broken...
The spring season is representative of a fresh start for you, and your financials. Use Your Home Equity To Explore New Opportunities Your home equity is the value of your home today, minus the outstanding balance on your mortgage. And while this may seem like...
Distinguishing a home equity loan from a home equity line of credit (HELOC) can be a puzzling topic, especially provided how similar their names are. Both options offer a variety of benefits and drawbacks, however, depending on your financial needs and situation, one...
At Leap Financial, getting approved for a loan with us is easy, and unlike traditional financial institutions where approval of mortgage loans is dependent on your income and credit rating, approval of mortgage loans at Leap Financial is dependent on the equity in your property and only your equity in your property. We can help get you approved for a home equity loan in no time!
