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Hi everyone,

My colleague Diana is planning to start a new business venture. She insists me to join the project. It’s really comfortable to work with her. But, it’s difficult to raise a huge fund in such a short time. I think, the best solution is to take up a home equity mortgage.

Nowadays, the mortgage rates are being offered at an exceptionally competitive rate by various credit unions. Even a difference of one percent can make a huge difference in the life of the mortgage we take. I believe in comparison-shopping. I have done a short research and listed a few mortgage companies in North York offering home equity loans with the lowest mortgage rates. Please share your suggestions as early as possible!

Home equity mortgage? How much equity do you have in your house? Have you thought about taking out a business loan?

Sub: #1 posted on Fri, 06/29/2018 - 03:12

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First of all, taking out a home equity loan and using that money for business development is a bit risky. You won't know your business will flourish or not, so you do you want to put the home as a collateral? Remember, if you can't pay off the loan, you'll lose your home.
Have you tried any private financing option?

Sub: #2 posted on Fri, 06/29/2018 - 04:51

Barbara Delinsky Barbara Delinsky

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Are you thinking about taking out a home equity loan to do a business with your friend? Before doing so, be sure because you're going to risk your house because of a joint business venture.

Sub: #3 posted on Thu, 07/05/2018 - 04:01

Mabelle Page Mabelle Page

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