Category Archives: Loans Tips

Choose the Right Mortgage Lender For Your Home Loan

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Banks used to be the place that those looking to buy a home would go for it but not anymore. Now there are many more options besides getting your mortgage through your bank or credit union. And nowadays you do not even need to have good credit!

How To Get The Best Mortgage For You

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By the end of this article you should have more idea on how to get the best mortgage for you. The first thing to say is take your time, the mortgage that you do take out could be over 25 years so you want to ensure the mortgage that you pick is the right mortgage for you. Don’t rush into what may be your life’s biggest commitment, your mortgage, by taking what at face value can seem to be the best mortgage for you.

How Do You Treat Your Mortgage

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If you won the lottery tomorrow, would you pay off your mortgage?

Most people would. After all, isn’t it “The Canadian Dream” to own your own home – and own it outright with no mortgage payment or lien encumbering the deed to your property?

Can you imagine how much more money you would have if you weren’t required to send a check to the bank every month for that big, fat mortgage payment to keep a roof over your head?

3 Tips For Qualifying For a Business Loan

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Since the economic recession in 2008, lending levels at banks have increased moderately. As the economy continues to grow and recover, entrepreneurs turn to banks and other lending sources to help in expanding their businesses to keep up with market demand. As a result of the Great Recession, most banks have restructured their business lending criteria to reflect increased scrutiny of business loan proposals and this makes it harder for business owners to qualify for a business loan.

How to Get a Business Loan

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Money makes the business world go round. Obtaining a stable and flowing financial source is a major factor whether you are planning on a new business or growing an existing one. There are a lot of new entrepreneurs who are daunted by the task of getting a loan and don’t even know where to begin.
Here is a practical guide on how to prepare yourself and your business idea as you apply and successfully get a business loan.

Top 2 Reasons For Business Loan Denials

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For the previous five years, there has been an increase in commercial financing sources in the US. Specifically, there has been a proliferation in the alternative lending market that fills the need of business owners that do not have the credit (personal or business) or operating capacity to gain approval for traditional bank financing. Although helpful for the short-term, many of these alternative lending sources “trap” business owners into loan structures with high payoffs and abnormally high interest rates.