The Loans Canada Blog

ANNOUNCING CANADA'S ULTIMATE MORTGAGE LEARNING RESOURCE

ANNOUNCING CANADA'S ULTIMATE MORTGAGE LEARNING RESOURCE

Hello Canada! We’re very happy to announce our BRAND NEW Mortgage Learning Center! You will find information that pertains to the following topics: – Using a Mortgage Broker – Down Payment Requirements for a Mortgage – Open vs Closed Mortgages – Variable vs Fixed Mortgages… Read More


Benefits of a 2nd Mortgage

Benefits of a 2nd Mortgage

A second mortgage (a second mortgage loan on your home) is an effective way of getting a large amount of cash using available home equity. You can also leverage your home equity to get cash by obtaining a home equity line of credit or refinancing your current mortgage, but the… Read More


A Break Down of the new Mortgage Rules

A Break Down of the new Mortgage Rules

By now we’ve all heard about the new mortgage rules that came into effect recently. They aim to tighten the Canadian mortgage industry and protect its stability. These changes are believed to have a significant effect on the housing market. What exactly changed? The most notable change… Read More


New Tools Added

New Tools Added

Hello fellow readers! We are happy to announce that we have added 2 new tools to our website. 1. A very simple loan calculator 2. A Canadian mortgage calculator We hope that these tools can assist our customers in making their loan and mortgage decisions. Click here to… Read More


Requirements for a Mortgage Loan

Requirements for a Mortgage Loan

Applying for mortgage loans can be a daunting affair. A huge loan can be a burden on a person’s finances but a lender will not grant a mortgage loan unless it can be 100% sure that the borrower can pay it back with minimal hassle. For a lender, a good… Read More


Variable vs Fixed Rate Mortgages

Variable vs Fixed Rate Mortgages

There’s always been some debate between variable and fixed rate mortgages. Generally fixed rate mortgages do not have the same kind of risk as variable rate ones but they also tend to cost more than the alternative. It’s hard to decide what to do. Are you a risk taker? Do… Read More


Tips for getting out of debt

Tips for getting out of debt

Debt elimination is hard. Sometimes you’ll feel fine about it and sometimes you’ll feel like you’re trying to climb out of a hole that keeps getting deeper and deeper. Money is mostly seen as being all about numbers and math. In personal finance, money is seemingly about income, debt and… Read More


What is your credit score composed of?

What is your credit score composed of?

Psst! To learn how your credit¬†score is calculated, you can also watch this video! A credit score can have a big effect on a person’s life whether they like it or not. Credit scores or reports were used solely for lending… Read More


Budgeting 101

Budgeting 101

Budgeting is a really important tool in personal finance. Total financial independence has to do with wise expenditures. Budgeting helps you to make up and implement spending rules for what you can and can’t afford. It is an easy way to deal with the stress of paying off debts and… Read More



Authors and Contributors

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.

Note:

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.