Though the concept has been around for a while, some Canadians seem to not understand what a second mortgage is, and how it works. A second mortgage is simply a loan taken against your home when you have some equity on the home. It is subordinate to the first mortgage, and in case of a […]

Personal loans have continued to increase in popularity throughout Canada. They have provided an awesome avenue for individuals who don’t want to face the banks or other financial institutions for one reason or another, to get financing. However, their popularity has also given rise to private loan scams, and it is imperative for every applicant […]

Short term loans have always come to the rescue of individuals in need of emergency funding or businesses in need of urgent cash injection into their operations. But there are certain myths and misconceptions that have surrounded the loans for years, and which have stopped a good number of people in need from considering them. […]

Going for short-term loans is always seen as a convenient way to get funding throughout difficult financial times. However, there are certain types of short-term loans, which should be avoided, and only resorted to when there is no other option available. These loans come with very high interest rates or occasionally; the collateral demanded is […]

Welcome to the Guardian Financing September 2017 monthly newsletter. This month’s issue is about how the Bank of Canada’s interest rate increase, and higher line of credit payments, will make it more challenging for homeowners to keep up their payments, and the various considerations that should be made when making any decisions or changes. In […]