The Loans Canada Blog

Pre-Approved vs Pre-Qualified

Pre-Approved vs Pre-Qualified

It’s hard to really understand where you’re sitting when there are so many statuses that you can have when you’re looking for a mortgage. In today’s article we tackle the differences between a mortgage pre-approval and a mortgage pre-qualification. What is a mortgage pre-approval? A pre-approval for a mortgage is… Read More


Payday Loans Quebec

Payday Loans Quebec

Historically payday loans have been hard to obtain in the province of Quebec. The province has tight laws governing financial services, and these laws are especially tight around payday loans. The good thing is that these rules make it clear and transparent for consumers that need payday or similar types… Read More


Second Mortgage Rates

Second Mortgage Rates

Second mortgage rates vary across the country. Among the major cities (Vancouver, Calgary, Toronto, Montreal) you might see consistent rates and fees but elsewhere in Canada second mortgage rates tend to fluctuate. Who are the second mortgage lenders of Canada? Second mortgage lenders tend to be private lenders. This is… Read More


SCOTIABANK BUYS ING

SCOTIABANK BUYS ING

The all-cash deal was announced yesterday: Scotiabank is buying ING for $3.1 billion. ING, owned by ING Groep in Holland, with around 1.8 million customers and over $40 billion in assets, ranks #8 in Canada’s short list of large banks. ING is famous for its TV commercials depicting the large… Read More


Leverage Home Equity for Cash

Leverage Home Equity for Cash

If you have a mortgage but are in need of more cash, you can leverage your home equity to get the money you want. When you first receive your mortgage, your loan is secured by a portion of the equity of your home (up to 95%). That means that your… Read More


Shopping for a home online

Shopping for a home online

Let’s look at the various options of shopping for a home. Traditionally, people shopped for homes by going straight to a real estate broker. The real estate broker had access to all of the listings and there was no transparency available for shoppers. If you wanted access to all listings,… Read More


Second Mortgages in Toronto

Second Mortgages in Toronto

If you are in Toronto or any of its surrounding areas such as Mississauga, York Mills, Ajax, Richmond Hill and others, then this blog post is for you. Our goal here is to pair you with the best second mortgage lender available in your area. We believe that informing our… Read More


Line of Credit vs Second Mortgage

Line of Credit vs Second Mortgage

So you’re in need of some easy cash and you start thinking about leveraging the equity of your home to obtain a loan. You know you can apply for either a second mortgage or a home equity line of credit (HELOC), but which should you go for? Today’s blog posts… Read More


Home Ownership in Canada Peaking

Home Ownership in Canada Peaking

According to a new prediction from Scotiabank home ownership levels in Canada are expected to reach 70%. That’s an improvement of almost 2% in the last 6 years and puts Canada in league with countries (a select few) with home ownership rates greater than 70%. What does this mean for… 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.

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