How Do Secured Personal Loans Work?
Sponsored by Fairstone. For this blog, we’ve teamed up with our partners at Fairstone. Most homeowners have the option of securing their loan. The benefit? Secured loans can help you access lower interest rates and more money. Our partners at Fairstone helped us answer some frequently asked questions about secured… Read More
Mortgage Prepayment Penalty
A mortgage is a hefty financial commitment to repay a large sum of money to a lender to buy a home. Considering this, the thought of paying all the money that you owe before it’s actually due might be far from your thoughts when you initially take out a mortgage. Read More
Refinancing a Personal Loan
Refinancing is the process of replacing an existing loan with a new loan that has different terms and conditions. Often, the new loan has more favourable terms, which is more often than not, the reason why consumers choose to refinance their loans. In fact, refinancing can end up saving you… Read More
The Best Personal Loans For You in 2019
Personal loans are popular financial tools that can help bail consumers out of financial predicaments. There are plenty of uses for a personal loan, and the funds received can be put toward just about anything. There are several types of personal loans available, and… Read More
How to Negotiate The Best Mortgage Contract In 2019
Most Canadians who become homeowners typically need to take out a mortgage to help finance such a massive purchase. And as you may already be aware of, a lower rate on your mortgage is ideally what you want (or is it? learn more here… Read More
Loan-To-Value (LTV) Ratio
When you apply for a mortgage or another type of loan, the lender will want to assess a number of important factors before determining whether or not to approve your loan application. One of these factors is your loan-to-value ratio (LTV). Read More
20 Different Ways to Secure a Loan
In general, loans fall into two categories, secured or unsecured. You have to provide an asset as collateral for a secured loan, but you will also have more benefits available to you for the loan, such as a better interest rate and potentially… Read More
What is a Loan Origination Fee?
While a loan is a versatile tool that can help you out in many different financial situations, it’s important to know that they aren’t free. In fact, when it comes to most loan types, there will be a number of costs associated with… Read More
Will Cosigning A Loan Affect My Credit Score?
The short answer is yes, cosigning a loan will have an impact on your credit score. Cosigning a loan on its own won’t have an immense impact on your credit, although, how the loan is handled will determine the weight of the impact and… Read More