Do you have a large expense to pay for and are considering taking out a loan to cover it? While you could always take out a personal loan or even spend against your credit card, you have other more affordable options, such as a second mortgage.  If you own a home and have accumulated enough […] The post How To Get A Second Mortgage In Toronto appeared first on Loans Canada ..read more

What does it cost to buy a home these days? Depending on the province and city you live in, buying a home will run into the hundreds of thousands of dollars. However, the purchase price of the home is not the only expense to consider. There are numerous hidden costs of buying a house in […] The post The Hidden Costs Of Buying A House In Canada appeared first on Loans Canada ..read more

With housing prices as high as they are, most consumers wouldn’t be able to afford a home purchase without the help of a mortgage. However, the lenders who provide mortgages place themselves at great risk because borrowers may be unable to continue making their mortgage payments at some point throughout the life of the loan. […] The post Who Is Sagen MI Canada (Previously Known As Genworth)? appeared first on Loans Canada ..read more

With the rapid growth of online activity, identity and credit theft have become a growing problem for consumers. In fact, as of 2024 (Q1), 123 million dollars have been lost as a result of identity fraud. Thankfully, there are services available that are designed to help ward off identity theft and credit fraud, including Identity […] The post Identity Protect: A Review appeared first on Loans Canada ..read more

Simplii Financial and Tangerine are two of Canada’s most popular online banks. Both choices offer a range of financial products and services, including chequing and savings accounts, investments, personal loans, mortgage. But which one is better?  We’ll dive into the key differences between Simplii and Tangerine to help you determine which bank best suits your […] The post Simplii Financial™ vs. Tangerine 2024 | Comparing Digital Banks appeared first on Loans Canada ..read more

Fines are issued daily across Canada for offences as benign as parking tickets to something more serious, like theft or disorderly conduct. While some fines may be low enough to make only a small dent in your wallet, others might be hundreds or thousands of dollars. So, what can you do if you can’t afford […] The post What Is The Fine Option Program? appeared first on Loans Canada ..read more

For most Canadians, a home will be the single most valuable asset they ever own so it’s crucial to maintain it to ensure it holds its value over the long term. However, while many homeowners would welcome the chance to renovate, the costs associated with upgrades can be substantial, making it challenging for many to […] The post CMHC Improvement And Other Home Improvement Loans appeared first on Loans Canada ..read more

High inflation and interest rates are making it difficult for Canadians to afford basic needs. This is particularly true in Ontario, where some of the most expensive cities are located. Thankfully, there are non-profit and government support programs available to Ontarians to save money. One of the many programs low-income families in Ontario can save […] The post What Is The Ontario Electricity Support Program (OESP)? appeared first on Loans Canada ..read more

For homeowners looking to access a large amount of money, a reverse mortgage can seem like an ideal solution. Available to homeowners who are 55 and older, this form of unique mortgage allows you to convert as much as 55% of your home’s equity into cash without selling your property. However, while this financial tool […] The post Reverse Mortgage Scam Signs appeared first on Loans Canada ..read more

Buying a pre-construction home in Canada can be an exciting adventure, but it’s like baking a cake from a recipe you’ve never tried. It requires patience, a bit of know-how, and a good sprinkle of vigilance to end up with something sweet. There have been several stories in the media recently about pre-construction homes being […] The post How To Safeguard Your Investment When Buying A Pre-Construction Home In Canada appeared first on Loans Canada ..read more