Home equity mortgage required

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barneslinda
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Joined: Thu Dec 21, 2017 5:49 am

Home equity mortgage required

Post by barneslinda » Thu Dec 28, 2017 12:35 am

Hey,

I’m a self-employed person. Now, I’m planning to refrain from the business and apply for post graduation degree. Education is an invaluable investment for our future. It’s a worthwhile venture, but the problem is how to finance further education. The financial institutions often recommend a home equity loan or line of credit as an alternative to education loans. They ascertain that the interest rates are competitive with education loans and the interest is usually fully deductible.

Home equity loan interest rates are low, and terms may be more flexible. I own a house near Kingsview Park. While browsing on the internet, I came across certain brokers in Ontario offering home equity mortgage at a very low-interest rate. Guys, please share your suggestions and opinions regarding this. Thank you in advance!

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