Alessandra is a professional real estate lawyer and owner of Vantage Law. She is invested in the Cannect Mortgage Investment Corporation. “The reason why I
Bruce is a professional Search Engine Optimizer, and an investor in the Cannect Mortgage Investment Corporation. Take a listen to his video testimonial on Cannect. “The
Ola is a technical consultant with a major telecommunication company and an investor in the Cannect Mortgage Investment Corporation. Take a minute to hear her story
If you own a home with equity, you can tap into that equity to cover your child’s education expenses. A home equity loan offers a smart way to fund education costs without resorting to high-interest loans or depleting emergency savings. Most home equity loans only require you to pay interest each month, making the monthly cost lower compared to loans with principal payments.
You can borrow up to 90% of your home’s value with a home equity loan. For example, if your home is worth $1,000,000 and your first mortgage is $500,000, you can access up to $400,000 with a second-position home equity loan at 90% Loan-To-Value (LTV).
The advantages extend further: home equity loans typically feature lower interest rates than other loan types, making them an excellent choice for covering various expenses, including college or university tuition.
Yes, you can use a home equity loan as a strategy to consolidate and pay off high-interest credit card debts. This approach can potentially lower your overall interest costs, as home equity loans often come with lower interest rates compared to credit cards.
Let’s say you have $20,000 in credit card debt with an average interest rate of 18%. By using a Cannect Home Equity Loan with rates as low as 5%, you could save thousands of dollars in interest payments alone. Plus, with flexible repayment options and expert guidance from Cannect, managing your finances becomes a breeze.
Don’t let high-interest debts hold you back. Unlock the power of your home equity with Cannect, where the best rates meet your financial needs.
Yes, they can. This can be particularly advantageous if you have equity in your home and are ready to convert it into surplus funds for lower interest rates, aiming to generate additional income. While you could invest in stocks, bonds, or other potentially volatile assets, a safer yet profitable option is investing in Cannect MIC. This investment avenue has maintained a perfect track record, ensuring no loss of investors’ capital, and has consistently delivered an average return of 10% since its inception.
You can use home equity loans or lines of credit to create an emergency fund. These financial options are considered low-risk because they’re backed by collateral (your home), which means lenders typically offer lower interest rates compared to unsecured debts like credit cards or bank loans.
Many people opt for home equity to save for unexpected expenses such as car repairs or medical bills. Instead of taking out a costly unsecured loan, you can use your home equity loan or line of credit to cover these expenses. This approach reduces the total interest paid over time because you only borrow what you need, avoiding unnecessary debt accumulation.
Welcome to another episode of Make Money Count! Today, we’re focusing on a major economic concern for Canada: falling productivity. As global competition heats up,
Welcome back to another episode of Make Money Count! In the latest Bank of Canada announcement, we’ve seen a much-anticipated 50-basis-point rate cut, lowering the
Welcome to the latest episode of Make Money Count, where we break down the most important financial news and what it means for you. In
Why choose Cannect for your home equity loan? Not only do we offer unbeatable rates, but we also provide personalized service and expert guidance every step of the way. Your financial goals are our priority, and we are here to help you achieve them. So why wait? Take advantage of our fantastic rates and make your choice of a home equity loan with Cannect today! Our team is ready to assist you and make the process smooth and seamless.
Founder Cannect Inc.