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Need to know about home equity mortgage!

March 16 2017 at 2:33 AM
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messi  (Login messy11)
from IP address 184.75.216.134

 
Hi all,
I’m getting married in a few months. And I am planning to renovate my home before my marriage. I’m thinking of taking up a mortgage for this. I have heard of home equity mortgages (http://www.mortgagesmortgages.ca/mortgage-types/home-equity/), they provide us the funds for renovating home and also it can be used for the wedding expenses.I have done a small research about it and got to know that it is like the second mortgage where they allow to use our home as collateral. I would like to know how much the interest rate would be? And what all documents needed to take up the mortgage? Thanks in advance.

 
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