Canadian Money Forum banner

Discussions Showcase Albums Media Media Comments Tags

1-3 of 4 Results
  1. Real Estate
    I came across this company Lotly that offers a shared down payment program. The way it works is that: I put in 5% down payment, and Lotly put in another 15% down payment. I can use all this money to buy a place. I will pay for all monthly costs like mortgages & maintenance. I get to keep all...
  2. Real Estate
    Hello, I am trying to comprehend the nature of "home equity" and how it relates to bankruptcy. As I understand, home equity is the portion of your property that you truly “own.” So, for a house with a market value of $200,000, let's suppose I made a $40,000 down payment in order to pay the...
  3. General Personal Finance Talk
    Hello, Quick question for anyone willing to take a look... Let's say Im retired, I have investment savings and a rental property. Can I use the equity in my investment property to draw as retirement monthly income? Let's say I put a HELOC on it - Is the tax deductible in this case? Thanks, G
1-3 of 4 Results