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Individuals with bad credit often struggle when they are in need of financial lending. Most traditional lenders such as banks and credit firms are not interested in their applications due to poor credit ratings. As a result, this group of borrowers has had to seek other alternative sources to acquire the funds they need without…

Before you append your signature on any short term loan application from a private lender, you should bring yourself up to speed with the fact that fast cash is expensive cash. If you have never given it a keen thought, here are the downsides of faster approval, and why you should be very cautious when…

If traditional lenders have raised the bar so high that you can’t get financing from them, you can always turn to private lenders in Montreal as an alternative. This is not to say that you will find it easy or you will be guaranteed to access the cash, but the qualifications may not be as…

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…

The Canadian government has announced a series of changes to the mortgage rules, and have introduced news ones. It appears that most of the changes are targeted at taming the high demand being witnessed in the country’s fastest growing housing markets – Vancouver and Toronto. Here are some of the regulations, the impact they are…

It sounds harsh, but it is a fact, which has been demonstrated time and time again that extending private loans to friends and family is a bad idea for the most part. If you want a good experience in terms of giving out money to friends and family members, then when letting go of the…

Second mortgages have become so popular in recent years in the Canadian mortgage market. However, not so many people have a good understanding of them, and have always been skeptical about trying them out. Here is all you need to know about these mortgages, should you consider going for one: They are just like any…