Looking for Quick Payday Loans Without Faxing in Canada? Apply and get short term cash loan up to $1000.

 
  • Easy online application! Online application is easy to use that save your time and money, you’re five minutes away to solve your financial problem.
  • Fast loan approvals! Use the form to submit your loan application directly to the network of payday loan lenders to get instant approval online.
  • Easy, safe and hassle free! Yes, go ahead to apply from the comfort and privacy of your own home or office to get started the loan process and cure your financial headache.
 

Receive Fast Cash Get Approval For Your Loan Application Online Apply For Payday Loans Online

 
 
Online payday loans for Canadians offers quick and affordable cash advances with high approval rate through out Canada, select your province / territory to check the availability of cash lenders in your area to apply for a loan you deserve and to receive fast cash direct into your bank account!
This secure application is provided by T3Leads, please remember; payday loan is a "high cost short term credit". Warning: Late repayment can cause you serious money problems. eLoanCanada.com is not a lender and or consultant but an information site that offers resources and news about financial products and services available in the market - affiliate disclosure.

Tag: Mortgage Application

Canadian Mortgage Strategy Choosing Between Fixed or Variable Mortgage Rates

The debate between fixed-rate mortgages and variable-rate mortgages will seem to be forever because these both strategies hold strong financial footing and efficiency that both provide advantages on what thousands of mortgage consultants, lenders and planners have been assisting their clients on their decision-making. Where as the variable rates strategy seems to be getting priority in Canada and have been adopted while taking as the best mortgage strategy that can save lot of money:

According to the latest research study by one of the Canadian economic experts, Moshe Milevsky, associate professor of finance at York University, reaffirm his year 2001 conclusion that, “Canadian homeowners really do pay extra for fixed-rate mortgages over the long run”, further he shows that “variable rate mortgages hold more benefits to majority of consumers with most of the time”. He extracted his finding while taking mortgage rate data from year 1950 to 2007 and found that choosing a variable rate mortgage would have saved Canadian mortgage consumers  $20,000 in interest payments over 15 years, based on a $100,000 mortgage value. Moreover, he also found that it would have been better off with a variable rate mortgage compared to a five-year fixed rate 89 % of the time.

New mortgage application has an incredible number of options from which to choose. However, with shifting interest rates, it can be a confusing time for those looking to acquire, renew or refinance a mortgage. Getting the most advantageous mortgage strategy is important and this challenging task cant be solve with anybody else accept you. This is the question you should ask yourself: Do I want the stability of a fixed rate mortgage or am I comfortable with the potential risks and rewards of a variable rate mortgage?

A variable mortgage rates allow the borrower to take advantage of low interest rates where the interest rate is calculated on an ongoing basis at prime minus a set percentage where prime is the base rate that banks use in pricing loans to their most creditworthy customers.  A variable rate mortgage can pose challenges for some, such as financially stretched first-time buyers who may not be able to handle an increase in their mortgage payments that would usually accompany a significant rise in interest rates, and there are those who simply prefer the greater sense of stability that a five to ten year fixed term mortgage can provide.

Faced with today’s competitive mortgage market and a changing interest rate environment, credit consumers need access to the timely and quality information through a recognized and trustworthy source. Which can help them decide while looking carefully at their current situation and personal goals to determine which mortgage strategy will best meet their individual needs. Moreover, you should try to get an answer yourself after consulting your mortgage broker whether a fixed or variable mortgage is best for you.


New Canadian Mortgage Rules Announced

According to The Department of Finance’s announcement it has been changed some of the rules for the new high-ratio mortgages in Canada, which will take effect from October 15, 2008. According to the new mortgage policy in which Government of Canada adjusted its minimum standards for the mortgage insurance guarantee framework, new mortgages with government-backed mortgage insurance policies whether issued by the Canada Mortgage and Housing Corporation or private insurers, the maximum amortization period will be 35 years, and the minimum down payment will be five per cent (borrowers may borrow their five per cent down payment, but it will not be insured).

Canadian Mortgage Rule changes highlight:

  • Maximum amortization period has been fixed for new government-backed insured mortgages to 35 years.
  • Minimum down payment of 5% is now required for new government-backed insured mortgages.
  • Establishing a consistent minimum credit score requirement.
  • Requiring the mortgage lender to make a reasonable effort to verify that the borrower can afford the his/her loan payment.
  • Introducing lenders about new loan documentation standards to ensure that there is evidence of property value and the borrower’s sources and level of income.

Like most of the mortgage companies have already start working their maximum amortization to 35 years for new mortgages and so do the borrower start thinking their own way, where is a possibility the mortgage application mostly effected before implication date or after? but mortgage client is out in the market due to the favorable temperature and an interest rate which is already fixed by the Bank of Canada, and who knows what it’ll be after the October 15.


Payday Loans Up To $1500
Cash Money - Alberta, British Columbia, Nova Scotia, Ontario and Saskatchewan.

turbotax
Turbo Tax Canada is #1 Best Selling Tax Software in Canada!

Refresh Financial Canada
Save Money, Build Credit and Change Your Financial Future in Canada!

Canada Auto Finance - Canada Car Loans Get Approved For a Car, Truck, SUV or Minivan Loan at Canada Auto Finance Today!

Canadian Best Mortgage Rates
Compare Canadian Mortgage Rates From Banks and The Top Brokers Free!

Canada Foreclosures and Bank-Owned Homes at Massive Discounts
Canada Foreclosures and Bank-Owned Homes at Massive Discounts!

Meet Christian Singles!
Pay down your debt! These no annual fee credit cards can help you in reducing your credit card debt. Compare and find the best MBNA Canada credit cards of your choice:
MBNA Platinum Plus MasterCard
MBNA TrueLine MasterCard



  • Archives

  • Copyright © 1996-2010 eLoan Canada. All rights reserved.
    © eLoan Canada | Bad Credit Personal Loan Canada | Car Loan Canada | Free Stuff Canada
    iDream theme by Templates Next | Powered by WordPress