My name is Rose Baker. I’m new to this forum. I'm staying with my husband at Villa Royale Avenue in Vaughan. He is working in an IT consultancy. We have relocated from Alberta ten years before. Now, we are planning to renovate our home. We have arranged some amount. But, we are sure that it won't be enough to meet the requirements.
When I discussed this with my cousin, he asked me to apply for a home equity mortgage. He said that home equity mortgages have a lower interest rate than unsecured loans and higher approval rate. The interest costs on a home equity mortgage can be tax deductible. This is the first time we are applying for a mortgage. The very important thing I need to know is whether to consult a bank or a broker for a mortgage. I found a few mortgage broker firms in Vaughan (northwoodmortgage.com/vaughan) offering loans at affordable rates. What all things which we should keep in mind while approaching a broker for a mortgage? Thank you!
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.