A second mortgage is a type of loan which allows you to borrow money against the value of the house, which is then to be used as collateral. There are various advantages and disadvantages of this type of mortgage, let us look at them here. Pros of a Second Mortgage Significant Loan Amount: You are […]
Read more...3 Useful Consumer Tips for Short Term Loans in Montreal
Short term loans have become a common occurrence, especially when the cost of living is high and people are always in constant need of additional funds. Whether you need the loans to see you through to payday or you have run into some financial emergency and you needed a quick fix, here are three useful […]
Read more...Newsletter June 2018
Welcome to the Guardian Financing June, 2018 monthly newsletter. This month’s issue is about some of the impact the real estate boom is having in downtown Montreal, other than the economic effects. Condoville: What is the Real Estate Boom Doing to Downtown Montreal? The real estate boom in Montreal has been nothing but phenomenal. Amidst […]
Read more...How To Refinance a Mortgage With Bad Credit Fast
Bad mortgage is like a bad omen, but is should never be viewed as a condemnation to a financial abyss. For those with bad credit, refinancing a mortgage is never easy, but not impossible. If you are in this situation and want to refinance a mortgage with bad credit, here are some valuable tips for […]
Read more...The Top Mortgage Rules of 2018 for Canadians
If you are a Canadian considering buying a home, then you may have heard about the changes in mortgage rules which became effective in January 2018. Here is a look at the major ones which will impact you directly if you were thinking about going for a mortgage: All uninsured mortgages will have to go […]
Read more...Newsletter May 2018
Welcome to the Guardian Financing May, 2018 monthly newsletter. This month’s issue is on the BoC’s hold on rates, as well as the emergence of Montreal as a hot market. Bank of Canada Holds Rates, Montreal Market Becoming Hotter According to the Bank of Canada, interest rates remained unchanged primarily due to “weaker than expected […]
Read more...The Difficulty of Getting a Mortgage When You Are Self Employed
More and more Canadians are getting into self-employment or working on a contractual basis. Recent statistics indicate that almost 23% of all income earners in the country are self-employed or survive on part time jobs. Unfortunately, it is not always easy for them to be approved for a private mortgage loan. Most self-employed individuals pride […]
Read more...Is Now The Right Time To Lock In Your Mortgage Rate?
The most important question for borrowers at this particular time is if the rates will increase within the year and if so, by how much? Since most Canadians prefer the five year fixed rate mortgage, here is a brief look at the trend currently: The rates for the five year fixed mortgages tanked below the […]
Read more...Four Tips to Get Out of Debt Fast in 2018
Moving ahead financially is nearly impossible if you are in debt. Debt is like a heavy ball tied to your leg which makes it impossible for you to make any headways as far as your finances are concerned. But the good news is that you are not the first person to find themselves in debt, […]
Read more...Newsletter April 2018
Welcome to the Guardian Financing April, 2018 monthly newsletter. This month’s issue is on How Brokers can Build a Reputation on Social Media in 2018. How Brokers Can Build a Reputation on Social Media in 2018 There has been an increase in the use of social networking throughout the past few years, as well as […]
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