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With interest rates rising, like they have over the past year, borrowers with variable rate Home Equity Lines of Credit tend to start thinking about how they can convert to a fixed rate to avoid further increases in the interest they have to pay on their outstanding balance.
When you need business funding, lenders will evaluate your creditworthiness based on 6 key attributes. Doing so gives them insight into how much risk they are likely to take on if they give you a loan and helps them determine just how much money they will lend you. Ready to grow your business? Don’t wait to master these 6 C’s of…
A question we are commonly asked by people looking to borrow with the ENB HomeLine is…what is Loan to Value Ratio? People notice the terminology in advertising disclosures and elsewhere, but often don’t know what it means. We explain in our latest blog.
You’ll want to weigh your options carefully and choose the type of mortgage that makes the most sense for your individual situation.
As long-term interest rates remain at near-historic lows, it seems like everyone from casual acquaintances to close relatives has an opinion on how far rates have to drop before it make sense to refinance. With so many different points of view, how does one make a decision that’s right for them? We’ve come up with 5 questions to ask yourself in order to decide if refinancing your home mortgage is right for you.
Should you rent or should you buy a home? Learn the 6 questions you need to ask to weigh the benefits and drawbacks for both.
In our most recent online poll, we asked our customers: what is preventing you from applying for a Home Equity Loan or Line of Credit?
Do you feel like you are being bombarded with Home Equity advertisements from banks and credit unions you’ve never even heard of at every turn? While you may be tempted to apply for these offers, it may actually be more beneficial to consult with your banker where you have your banking relationship.
No matter how experienced you are, buying a new home is always daunting. A main reason is the commitment involved. When taking out a mortgage, you are literally putting your home on the line because failure to make payments puts your home at risk. For that reason, it’s important to determine what you can realistically pay for your next home.
Are you dreaming of owning your own home? Are you thinking that you can’t afford to buy a home so you continue to pay rent? Buying your first home may be more affordable than you think.
