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Home equity is the difference between your home’s value and what you owe on your mortgage. Both home equity loans and home equity lines of credit (HELOCs) allow you to borrow against this equity. But which one is right for you? Home Equity Loan * Lump sum: You receive a lump sum of money upfront. …
Home Equity Loan vs. HELOC: Which is Right for You? Read More »
Mortgage fraud is a serious crime that involves deliberately providing false or misleading information on a mortgage application to obtain a loan. This fraudulent activity can harm lenders, homeowners, and the overall housing market. Understanding the different types of mortgage fraud and how to protect yourself is crucial. Common Types of Mortgage Fraud * Property …
Mortgage Fraud: Protecting Yourself from Financial Disaster Read More »
Moving to a new home can be an exciting venture, but what happens to your current mortgage when you Move or relocate? This guide will help you understand the options available to you. Introduction: When you decide to move to a new home, it’s essential to consider what happens to your current mortgage. Depending on …
Shortening Your Loan Term: Refinancing with a shorter loan term allows you to pay off your mortgage faster and build equity quicker. However, this will increase your monthly payment. This option allows you to tap into your home’s equity by taking out a new loan larger than your existing mortgage balance. You receive the difference in …
Is Refinancing Right for You? A Guide to Lowering Your Mortgage Rate and Saving Money Read More »
Congratulations! You’ve decided to take the exciting leap into homeownership. Whether it’s a charming starter home or a spacious condo, buying your first place is a significant achievement. But before you dive headfirst into open houses, it’s crucial to understand the mortgage process.This guide from Orange Mortgage Company will break down everything you need to …
Conquering Your First Home: A Step-by-Step Guide for Mortgage Success Read More »
Debt can feel like a heavy burden, weighing you down with financial stress and uncertainty. If you’re struggling to keep up with multiple debts and high-interest rates, you’re not alone. Fortunately, there’s a solution: debt consolidation. In this blog, we’ll explore the concept of debt consolidation, discuss its benefits, and share effective strategies to help …
Dealing with Debt: Strategies for Debt Consolidation Read More »
Embarking on the journey to homeownership is an exciting yet daunting endeavour. From searching for the perfect property to securing a mortgage, there are numerous factors to consider along the way. One of the most crucial questions that aspiring homeowners often ask is, “How much mortgage can I afford?” At Orange Mortgage Company, we understand the …
Dear Homeowners, Are you feeling perplexed by the labyrinth of mortgage refinancing? Don’t worry; you’re not alone. Navigating the intricacies of refinancing can be akin to traversing uncharted territory. But fear not – at Orange Mortgage Company, we’re here to serve as your trusted guides on this journey toward financial empowerment. In this comprehensive guide, …
Demystifying Mortgage Refinancing: A Roadmap to Financial Freedom Read More »
Dear Homebuyers, Are you worried about your credit score hindering your dream of homeownership? Don’t fret – you’re not alone. With our expert tips, you can boost your score and secure a better mortgage rate. Take the first step towards unlocking your dream home today! Our team is here to guide you every step of …
Inflation isn’t just a distant economic concept; it’s a living force that touches every aspect of our lives, from the prices we see at the store to the choices we make about our investments. If you’re a homeowner or a potential homebuyer in Ontario, Canada, it’s essential to grasp how inflation can ripple through mortgage …
