Cash On The Blog

Simply put, a home equity credit loan (HEL) is a loan (mortgage) that borrows against the equity of your home. The equity in your home is the actual amount (value) that you, the homeowner have invested in the property as is related to the actual market value of the home. How It Works Let’s say, [...]

Let’s face it. You’ve worked hard and saved when and where you could. To most Canadians, this is a part of everyday life. Well now finally, let some of the money you have worked for do some work for you. In 1992, the Canadian Customs and Revenue Agency (CCRA) introduced the Home Buyers’ Plan (HBP). [...]