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…
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…
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…
In yesterday’s 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 the offline business I’ve never had to take a loan out on anything…
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…
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…
Are you planning to buy a new house or refinance your current mortgage. I recently did this just a few weeks ago and one of the looming questions going through my head was how much are the closing cost going to be. The truth is closing cost can vary by location, by loan type, and…
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…
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…
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…