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The Difference Between Home Equity vs Line Of Credit

One of the frequent questions we get from customers is regarding the difference between home equity vs line of credit. Many people are confused about which one is better for them and their needs, and this is where our mortgage experts from Adil Rahman’s Mortgage Team come in. We offer a free consultation to help you understand the pros and cons of each so that you can make an informed decision. Home equity is the portion of your home's value that you own outright, and you can think of it as the difference between what your home is worth and how much you still owe on your mortgage. For example, if your home is worth $250,000 and you owe $150,000 on your mortgage, your home equity is $100,000. A home equity line of credit (HELOC) uses your home equity as collateral, meaning that if you default on your payments, the lender can seize your home. HELOCs usually have lower interest rates than other types of loans, which makes them a popular choice for home improvement projects. However, it's important to remember that your home is at risk if you can't make your payments.


Which of these being a better option for you depends on your individual circumstances. Our mortgage experts can help you determine which option is best for you based on your financial goals. We have helped several people in financing home improvements, consolidating debt, and more, so give us a call today to set up a consultation! Our experts in financing home purchases and mortgage refinancing are always ready to help you!

new mortgage rules

The Benefits of Breaking a Mortgage Early

There are several benefits of breaking a mortgage early, however, you can only enjoy these benefits if you know how to go about it the right way. This is where we come in because at Adil Rahman’s Mortgage Team, we take pride in assisting people with mortgages and refinancing. Our team of highly experienced mortgage brokers will guide you through the process of breaking your mortgage early so that you can take advantage of the benefits that come with it. Choosing to break your mortgage early can give you a lot of financial freedom, and allow you to save on interest payments. 

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    The mortgage rules in this industry are ever-changing, and it can be difficult to keep up with the latest changes. If you want to break the mortgage early, it can be difficult to know if you're getting the best deal or not. For this reason, it’s beneficial to know the best brokers in town to assist you in this process. We are a leading company in this industry because of our commitment to providing our clients with the best deals possible. When you are ready to break your mortgage, we will be there to help you carry out this process smoothly. We stay up-to-date with the ever-changing mortgage rules so that you don't have to, and we will work tirelessly to get you the deals that you deserve. Contact us today to learn more about how we can help you save money on your mortgage!

home equity vs line of credit

We Partner with Top Private Mortgage Lenders

Frequently, we are asked by first-time homebuyers and seasoned investors alike, "Who are the top private mortgage lenders?" The answer to this question is not as easy as it seems because there are many factors that go into determining which lenders are the "top" ones, and there is no definitive list. That being said, we have compiled a list of some of the top mortgage lenders in Canada that we have worked with. This list is by no means exhaustive, but it should give you a good idea of who is out there and what they specialize in.

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    We have been working in this industry for several years, which means we have developed strong relationships with many of the leading mortgage lenders in Canada. We know who is currently lending and what their guidelines are, so we can help you match up with a lender that best suits your needs. 


    Homeowners come to us for solutions when it comes to breaking mortgage penalty fees because we understand that this is a very emotional time for homeowners. We work with the homeowner and their bank to find a solution that works best for everyone involved. When it comes to breaking mortgage penalty fees, there is no one-size-fits-all solution, so we work with each homeowner on a case-by-case basis to find the best way forward. Our experts will sit down with you and go over all of your options so that you can make an informed decision about what is best for you and your family. We understand that this is a difficult time for you, and we will do everything we can to help you through it.

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We Stay Updated With New Mortgage Rules To Serve You Better

There are new mortgage rules that can totally change how much your mortgage costs you every month. As your mortgage broker, we stay updated on these changes so that we can help you get the best mortgage terms possible. We work with all the big banks and credit unions in Canada, as well as a variety of private lending institutions. This gives us the ability to find the perfect mortgage for all the individual needs of our clients. We have a team of expert mortgage brokers who will work with you one-on-one to get you the best possible mortgage rate and terms. We'll take the time to listen to your unique situation, and find a mortgage solution that provides you with the best solution. Our team will educate you about new mortgage rules so that you can be confident that you're getting the best possible deal in the market. Allow us to connect you with private lending institutes and larger banks so that you can get the most competitive mortgage rate on the market. Contact us today to get started!