found that 27 per cent of homeowners who participated have accessed a home equity line of credit . Almost 80 per cent of those participants have used it, and half of them said they have done so in the last two years.real estate loan guidelines
Prior to these guidelines, HELOCs were an ideal way for homeowners to tap into their home equity during the prior decade’s low interest rates and high home prices, but the survey findings suggest that the Bank of Canada’s recent interest rate increases might have changed the way older Canadians leverage their home value. With HELOCs being based on variable-rate interest, borrowers will be hooked to higher payments.
Poll: Are HELOCs not advisable due to rising interest rates?
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Source: nationalpost - 🏆 10. / 80 Read more »
Trudeau defends military spending ahead of NATO summit as new report projects declineThe new report estimates Canadian defence spending will actually drop as a share of GDP this year “Defends”? Literally nobody is questioning military spending. There is no doubt we need to spend more and expand our military. No government conservatice or liberal has really managed to do that. What military spending? Oh, you mean his virtue signaling.
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