If you’re looking into taking out a loan, it can be daunting deciding with the various loan types available. A small installment loan is a personal loan that compounds interest on the principal until the balance is paid in full. A short-term loan is usually issued in the form of a payday loan or a cash advance loan. Both loans can sound very similar but in fact they … [Read more...]
7 Things To Know Before You Get A Mortgage
Back a year ago I got my fourth and hopefully last mortgage when I built my brand new house. Getting a mortgage is a big deal and you want to treat it that way, after all you'll more than likely have it for the next 20 to 30 years. In fact before I even considered a lender I started out by just doing my research online and came across some really great resources to help me … [Read more...]
Want To Escape The Banks: Try These Top 4 Funding Tips
There’s never a good time to run out of money, is there? If there was, people would be able to eke out their cash until that perfect time when it was fine to not have any. But, there’s no good time to run out of money. More than this, trying to secure a bank loan nowadays is like trying to get blood from a bank manager-shaped stone. In fact, it’s probably even more … [Read more...]
Why All Small Businesses Should Have A Line Of Credit
In yesterdays article I talked about why leasing vehicles for my company and in today's article I wanted to talk about another thing I feel all small business owners should do, have a line of credit. For as long as I've owned my offline business I've never had to take a loan out on anything which has been a big help for getting off the ground however in early 2013 things got … [Read more...]
How Pawnbrokers Can Help in These Tough Financial Times
These are tough financial times which are causing thousands of people up and down the country to struggle to make ends meet. For a lot of these people this will be a new experience which makes it very daunting, but you should know that there are a few ways in which you can get access to some quick cash which can help to tide you over. More and more people are now turning to … [Read more...]
The Only Loans You Should be Involved With
For the average person at some point in life, it is highly likely that an individual will run into some state of financial instability. Whether you need assistance with furthering your education or are attempting to buy your first home, sometimes you just need a helping hand financially. For this reason, it is fundamental that you stay well informed of your options on loan … [Read more...]
The Collateral Mortgage Scam
The financial world has irreparably changed. The way your corner bank did mortgages for your parents is not what you will experience today. The crazy part is that a surprising amount of Canadians do not know this. The fact is – your mortgage you signed with your bank is a Collateral Charge Mortgage (whether they will admit it or not). Here is the low down on this ‘scam’ and how … [Read more...]
Are 0% Car Loans A Scam?
The 0% percent car loan helps new car drivers to own their first car and others to buy their second. These car loan offers may run for a specific period, such as through August and October, to attract new clients to buy the car model they desire. This form of financing is a special for those wanting to own a car without having to make hefty monthly repayments on a car loan … [Read more...]
10 Mortgage Mistakes and How to Avoid Them
Few transactions are as confusing and costly as obtaining a first mortgage or refinancing an existing mortgage or owned property. Between the excitement, the paperwork, and the planning, for those without degrees in finance, mortgage mistakes are easy to make. Compounding the issue, despite increased regulation, banks have little incentive to explain the process to borrowers … [Read more...]
What is an Adjustable Rate Mortgage (ARM) and How Does it Work?
Borrowers should know what is an adjustable rate mortgage before choosing a loan for their home acquisition. The definition of adjustable rate mortgage (ARM) applies to loans with changing interest rates. The rates on this type of loan usually start with lower payment amounts than mortgages with fixed rates. However, ARM payments can vary greatly and borrowers can end up … [Read more...]