What You Need to Consider When Shopping For Low Interest Rates

What You Need to Consider When Shopping For Low Interest Rates

When making expensive, but necessary purchases throughout your life, such as financing a car or mortgaging your home, the majority of us can’t pay the full amount up front. For instance, a home in this day and age can cost well over $350,000. That’s why lenders, banks, and… Read More


How to Deal With Rising Interest Rates In Canada

How to Deal With Rising Interest Rates In Canada

On Wednesday, July 12th, 2017, with the hopes of giving our country’s economy a much-needed boom, the Bank of Canada raised their benchmark interest rate from 0.5% to 0.75%, equal to about $50 more a month for the average $480,000 variable-rate mortgage. This marks the first rise in… Read More


Why do Different Lenders Offer Different Mortgage Rates?

Why do Different Lenders Offer Different Mortgage Rates?

Purchasing any type of real-estate, whether it’s your first home, your fifth home, or your forever home, is always going to be a challenging process. There are countless details to take care of, paperwork to go over and sign, and meetings to attend. One of the major details that people… Read More


Interest Rates 101

Interest Rates 101

Interest rates have an important role in our financial market; they indicate the cost of lending. In other words, interest rates provide incentive for lenders to provide us with the loans we need and want. The higher the interest rates are, the more profitable it is for lenders to provide… Read More


How Will a Rise in Interest Rates Affect You?

How Will a Rise in Interest Rates Affect You?

Canadian interest rates are currently at an all-time low but with the economy in flux it’s more than likely we’ll see an increase in the near future. So if you’re one of the many Canadians who took advantage of borrowing money when the interest rates were low, how will an… Read More


Note:

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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.