everafter325 asked:


My husband and I bought a small house two years ago and now we have our daughter and it is just too small. We would like to add on to the back and add a second story. We have about $6,000 in equity so a home equity loan is out of the question. Is a second mortgage a possibility? Are there any other loans that I should be looking into?

Thanks!

27amDotCom asked:


Any advice on what to look for when shopping around for home equity loans?

Are there referral commissions?

I have a couple of individuals looking for a home equity loan … I told them I’d look into it for them. I’d like to find a quality vendor, but if referrals commissions are paid out, I’d like to negotiate for that too.

How do I figure out what is a “great deal”?

PS. I’ll happily take general replies but this would be specific to Calgary, Alberta, Canada.