I currently own a retail business that has slowed a lot during this winter making it difficult to pay rents and utilities. I left my job few years before to start this business. I own a small condo near to my shop. One of the advantages of owning a home is having equity. We can use the equity in our home to purchase a business. Home equity mortgages are quite easier to get approved when compared with commercial and personal loans. So, I'm planning to take money from my "residence" to fund business activities.
I know that the credit score must be greater than 680 to get a mortgage very easily. What are the documents required for the application of a home equity mortgage in Ontario? Your suggestions will be highly appreciated! 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.