Jan 25, 2009...Canadian mortgage for an overseas owner

If you are an overseas or US owner of a Canadian rental property, we do have a conventional lender that can lend up to 65% of the property value for either purchase or refinance.  The rate that the lender offers is great (Posted rated less 1%).  And of course, we have a number of non-conventional Canadian lenders that can offer higher loan-to-value loans, but they would be at a higher rate.   For more info on a Canadian debt consolidation loan, click here

 

Jan 22, 2009...British Columbia house purchase

When you are planning to purchase a house in British Columbia, make sure that you are qualified for the mortgage.  If you are not pre-qualified for a British Columbia mortgage loan, make sure that you state in the purchase agreement that the purchase is subject to financing.  Then, if you are unable to get the financing, you will be able to break the purchase agreement.  For more info on a Canadian personal loan, click here

 

Jan 21, 2009...Alberta mortgage rates drop again

In Canada, it's getting to be a very good time for borrowing money.  The Canadian Prime Rate has dropped to 3%.  If you are looking for an Ontario home loan, 5 year rates have dropped to 4.69%.  With good credit, you may be able to qualify fo r the best Saskatchewan home improvement loan rates.  Variable rates are usually Prime + 1%.  To read more about Canadian mortgage rates, click here

 

Jan 19, 2009...Credit card versus Line of Credit

Many Canadians would like to know which is better.  A credit card or a Line of Credit.  Well, they both have their benefits.  A credit card is great if you pay you debt on time.  If you do, there is no interest.  If you are late, you will probably pay late interest charges, ranging up to 28%.  With a Line of Credit, as soon as you have a balance, you start paying interest.  But of course, the interest rate is far less, perhaps around 6%.  As soon as you pay the balance, there is no interest.  I guess the main point is this.  If you pay your credit card balance on time, there is no interest and the convenience is great.  But there is always the temptation to go overboard.  To get more info on a Canadian mortgage loan, click here

 

Jan 18, 2009...British Columbia private mortgage

Did you know that if you get turned down by a bank, it's not the end of the world.  Many people are not aware that Canada has many "secondary" lenders that pick up where the major banks leave off.  And if you don't qualify for non-conventional 1st or 2nd Canadian mortgage, there are always private lenders to assist you.  To get more info on Canadian mortgage rates, click here

 

Jan 16, 2009...1 year or 5 year Canada mortgage term?

OK, let's assume that you have now been approved for your new Canada mortgage and you are ready to buy your house.  What length of term should you choose?  The term length is the amount of time before you need to renew.  Currently, a one year term Canadian mortgage rate is 3.89%.  A 5 year term is 4.99%.  The 1 year rate is great, but after one year, you need to renew at the going rate.  With a 5 year rate, you will be paying a bit more, but you can sleep comfortably for 5 years knowing that even if mortgage rates skyrocket, you will be protected.  These are choices that you will need to make.  To get more info on this and Canadian mortgage loan, click here

 

Jan 15, 2009...Canada mortgage insurance coverage

Getting a Canadian debt consolidation loan or getting an Ontario 1st mortgage to buy a house can be a great feeling.  But what happens if you get injured or sick, and cannot pay the monthly mortgage payments.  (And don't think that it can't happen to you).  If you have good Canadian mortgage insurance, your monthly payments will be covered if you get sick or injured, and cannot work.  Also, if you die, your spouse will have the mortgage paid off in full.  To get more info on this and Canadian mortgage interest rates, click here

 

Jan 14, 2009...British Columbia mortgage broker

During these uncertain times, it is very important for you to have an experienced BC mortgage broker.  Many Canadian lenders are tightening their lending policies, and unless you have a good broker, you may not find the source of money to satisfy your Canadian mortgage needs. To get more info on how much mortgage you can afford, click here

 

Jan 13, 2009...Get a mortgage loan from a relative

Because of the tight money markets in Canada, many people are looking to borrow money from relatives.  Sometimes it is easier to get money from Uncle Ray, but dear Uncle Ray should be wary.  With job losses and tough times, debts may not be paid back as they should.  There is little recourse that a relative can act on if it is on a promise.  And it makes for a tense time at the family Christmas dinner if debts are unpaid.  That's where we can help.  We still have Canadian lenders that will lend in tough times (and it may just help keep your family together).  To learn more about Canadian unsecured loans, click here

 

Jan 7, 2009...Canadian mortgage interest rates drop

The Canadian market place may be in a slump, but to help ease the pain and stimulate the economy, mortgage rates have dropped significantly over the last month.  The 5 year rate for people with good credit and good income is about 4.99%.  A one year rate for a Canada mortgage loan is now as low as 3.89%.  It is a good time to make a Canadian house purchase.  To read more about a Canadian loan, click here

 

Jan 1, 2009...British Columbia loan

Are you starting 2009 with some resolutions?  If you use credit cards, here's one resolution that you may wish to consider.  Make sure that you pay on your credit card balances as the creditor requires (ie once a month).  If you do this, when it comes to applying for a Canada home loan, or BC second mortgage, the lenders will want to lend to you because you are a good risk.  If you don't pay your bills on time, the lenders will be hestitant to lend you money for a purchase or equity loan.  To read more about a Canadian mortgage lender, click here

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