How Car Loans, Student Debt, and Credit Card Balances Impact Mortgage Affordability
By: Zoocasa Extremely few Canadians pay for their house in cash — almost all of us will be forced to borrow in order to buy a property. In 2016, mortgages accounted for 80.7% of the total debt carried by Canadian families, up from 77.4% in 1999, according… Read More
Car Loans For Students
As a student, you might be wondering, can I get a car loan? The short answer is yes, but you will need to have good credit and steady income. Without these two things, it can be a challenge to get approved. After all, if you step into the lender’s shoes,… Read More
Loans Canada Launches New Credit Repair Service
When it comes to the health of your credit score, the accuracy of your credit report plays an important role. False information and unfortunate errors plague a large portion of the Canadian population and the majority of them have no idea these mistakes are negatively affecting their credit. Even those… Read More
How Much Should Your Strata Fees Be?
If you’re in the process of shopping for a home, you may have come across something called strata fees. Strata fees are most commonly applied in housing communities, such as a condo. As you probably noticed, strata fees are not cheap. They are yet another cost you need to consider… Read More
Loan Away With Loans Canada
From personal loans to cover the cost of a large expense to short term emergency loans to help deal with an unexpected event, Loans Canada can help you move away from unhelpful or unaffordable financing and gain access to the best options for your needs. Getting approved for a loan… Read More
What is The New CMHC First-Time Home Buyer Incentive?
Depending on where you live, the price of homes could be extremely high and often out of reach, especially for those who have yet to crack the real estate market. Young adults are often fraught with student debt and have yet to accumulate any type of wealth that older Canadians… Read More
Current Balance vs. Statement Balance: Everything You Need to Know
If you’re an avid credit card user, you may have noticed that your statement balance often differs from your current balance. This can cause some confusion, especially when it comes time to pay off your credit card’s balance. Part of managing your credit card involves understanding the difference between a… Read More
Bill-134, Higher Minimum Payments and Increased Emphasis on Debt-to-Income Ratios
As a consumer, you deserve the right to know exactly what you’re agreeing to when you sign a contract with a lender or merchant. After all, it’s your hard-earned money that we’re talking about, and when you make a decision to make a large purchase or take out a loan,… Read More
Should You Buy an Extended Warranty For a New or Used Vehicle?
When you purchase something as expensive as a vehicle, sometimes it’s nice to know that you won’t be on the hook to cover the cost of repairs on components that should last at least a few years before breaking down. This is especially true for a new vehicle. Considering the… Read More
Loans Canada works with a series of in-house and freelance writers, journalists, and authors to develop educational content to help Canadians make better financial decisions. If you're interested in contributing content to our website, please email us at marketing@loanscanada.ca.