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 Lender

How Can Mortgage Prepayments Save You Thousands On Your Mortgage

How Can Mortgage Prepayments Save You Thousands On Your Mortgage?How to save thousands of dollars on your home mortgage? Mortgage prepayments can save you thousands of dollars over the years! If you’re unsure ask your lender about your eligibility, you are allowed or not. A prepayment or lump sum is an amount that you pay extra to your regular payments to reduce your liability or pay off the debt balance. It’s like getting down your interest rates over your payment for the term by making your payments earlier. Increased mortgage payment vs lump sum is nearly same and depends on your circumstances and or financial condition, whatever you consider, should be wise and beneficial. How can mortgage prepayments save you thousands on your mortgage? Following is an article especially selected from official website of Financial Consumer Agency of Canada for your consideration and better results.

Mortgage prepayments can save you thousands on your mortgage—but check first

Making prepayments on your mortgage could save you thousands of dollars over the years—as long as your mortgage lender allows them.

A mortgage prepayment is any amount you pay in addition to your regular payments. This can include increasing the amount of your regular mortgage payments or making a lump-sum payment to reduce or pay off your mortgage balance.

The sooner you can make prepayments, the less interest you will pay over the long term.

For example, consider a 25-year mortgage of $150,000 with a 5.45% interest rate. Assuming the interest rate remains the same over the life of the mortgage, the monthly payments would be about $911. Increasing the payments by $50 per month would pay off the mortgage two years sooner and save $14,000 in interest.

A one-time lump-sum payment of $15,000 in the second year of that same mortgage would result in paying off the mortgage more than four years earlier and saving over $33,000 in interest.

Check your mortgage agreement first, because not all mortgages have prepayment privileges. A closed mortgage may require you to pay a penalty or fee for any prepayment.

Federally regulated financial institutions, such as banks, must show your prepayment options in an information box at the beginning of your mortgage agreement. It will specify whether you can make prepayments, when you can do so, plus other related terms and conditions. Read your mortgage agreement carefully, and before signing ask the lender to explain anything that you don’t understand.

When shopping for a mortgage, ask the following questions:

  • How much can I prepay without penalty or fee?
  • Is there a minimum amount for a prepayment?
  • When can I make prepayments?
  • Are there any conditions or limitations?
  • If there are fees or penalties, how much are they, and how are they calculated?

The Financial Consumer Agency of Canada has more information on this topic at itpaystoknow.gc.ca.

Source: Financial Consumer Agency of Canada (FCAC)
Date modified: 2015-06-25

Related articles:


Say Good Bye To The Mortgage Lenders That Don’t Mortgage Rates Update Online

Find the best mortgage rates in Canada and save thousands of dollars by comparing various mortgage rates online.Buying a property is the biggest purchase that many of people ever make. What consumer need is a right mortgage company that offers right advice and the best deal in relation to an individual’s own circumstances. What bring most of the consumers’ attention looking for an online mortgage loan are the interest rates. When do mortgage rates update? Online consumes expects current rates that’s the reason every lender should try to update with its fresh rates, most of the mortgage lenders get success in getting their client online that regularly update rates online.

Your current action will lead you to achieve your future goals; mortgage lending is quite a long term transaction, requires professional recommendation that helps you in getting one of the best mortgage deals to save and meets your current needs and future goals.

Say good bye to The Mortgage Lenders that don’t offer mortgage rates update online; is it so? Although mortgage rates daily update service is a best practice that mortgage lenders should follow but its not necessary, if you already know some of your family relatives and or friends that feel happy over their existing mortgages, you should first consider to get in touch with the mortgage company, you can get lot of pre hand information and benefits prior to discuss with the mortgage lender, the best thing that can turn better chances of getting best mortgage loan from this mortgage lending company is, you have been coming from their existing happy customers. Beside, you can also directly go to your favorite lender, and or bank with whom you have already established relationship that can also bring best possibilities for you.

Mortgage lenders online don’t just offer the first time mortgage loan but also offer re-mortgage loan, renewal, refinance, home renovation financing, equity take out, property investment or a second home, all of these financial needs require an instant update rates online that pursue mortgage clients to contact the lender to get a review of their situation and the advice these people need to achieve their homeownership dreams. Remember, the right mortgage will help you in building up your wealth and saving thousands of dollars.

Mortgage rates daily change for even some time several time; As economic environment and industry changes minute by minute daily that generate need to update short-term rate promotions and or mortgage interest rate news to balance the affect on the financial well-being, such frequently change in rates some time get unpublished but if mortgage lender take care in updating these special rates online that include home equity line of credit (HELOC), variable and Fixed-Rate Mortgages on their websites and or through their twitter account, it will help mortgage borrowers and as well as their business competitors to stay behind. Anyway, First time new mortgage borrowers are the people that really deserve great attention; these people just look at the update rates online to contact mortgage lender for further information.

Anyway, lenders that regularly update interest rates online, they don’t even get best market’s business share but also assist great to the consumers because after examining few of the online rates and deals the person looking for the mortgage loan feels ready to contact one or two lenders online to proceed; it’s a great effort and time saver that online surfers usually expect.

Happy New Year and I wish all of you; enjoy all the benefits of life, financial freedom and your homeowner dreams come true in 2015. For all the people looking to purchase their home and or to get new mortgages, home loans, please remember it may be one of the best mortgage loan deal that reflects best rates but don’t go with the mortgage loans plan that you can’t afford, you should feel comfortable with your mortgage payments. Find the best mortgage rates in Canada and save thousands of dollars by comparing various mortgage rates online.


Five Proven Money Saving Tips To Cut Mortgage Costs

If you want to cut your mortgage bills down to size, then consider these surefire saving tips to help you reduce your mortgage costs. These five instant money saving tips will work great for first time homeowners and as well as experienced people looking to get best deal and interest rate from their mortgage lender on home loan, home finance, mortgage and re-mortgage.

It’s quite normal that the most of the homeowners dream as being able to pay off their home loan as soon as possible and live a life free from the burden of interest rates, home loan and worries about meeting the monthly mortgage payments because the largest expense the majority of borrowers take on in a lifetime is our home finance and each month our home mortgage payments take a substantial chunk out of our take home salary.

Just imagine what as a borrower you could do with all the extra money you would have save if you didn’t have to meet your mortgage each month! Looking interested? Well, here are five proven money saving tips that you could take today to substantially reduce your mortgage repayments and the overall cost of your home finance and even speed up your rate of repayment so that the day when you’ve paid off your home loan and are free to live the life you want comes that much sooner.

Tip 1 – Demand Better Service!

As a loyal customer of your mortgage lender isn’t it about time you were rewarded for your financial commitment, for making your regular payments and for being a good, long term customer?

Well, you can rest assured your mortgage lender will not reward you unless you ask for a better deal on your mortgage!

So get on the phone, call up your lender, ask to speak to someone in customer services or the customer retention department and explain that you’re looking around for a better mortgage deal. Ask them for an evaluation of how much you have left to pay so that you can give it to any one of the hundreds of other mortgage lenders out there all willing to give you a better deal.

If you are indeed a valued customer you should receive favorable feedback to your demands and receive details of better offers currently available to you from your current lender.

Remember, if you don’t ask you don’t get and be adamant about what you want!

Tip 2 – Shop Around

If step one doesn’t get you the deal you deserve, shop around. There really are well in excess of a hundred lenders out there all seeking new customers who will offer you incentives to take up their mortgage product.

Use the internet to get an idea of rates being offered and special deals available to you. Do remember that lenders will do everything they can to make their deal seem like the most attractive one available and do everything within their power to attract new customers so you need to be shrewd.

Look for any hidden charges or tie in clauses and make sure you evaluate products offered on a like for like basis taking into account all the features of the mortgage offers available.

Tip 3 – Call in The Cavalry

Well, not the cavalry exactly but expert assistance in the form of a licensed and regulated fee free independent mortgage broker. In the UK these guys are now regulated by the Financial Services Authority and in the US and Canada they should come under the scope of The Responsible Lending Act.

As independent brokers they have access to and understanding of every single mortgage product available and they should be best placed to assist you find a better deal than the one you have now where your repayments will be less, your interest rate will be lower and the amount you repay over the entire duration of your loan is reduced.

Make sure your broker is fee free and remunerated by any company you decide to take a mortgage out with. More importantly than this, make sure they are regulated and licensed correctly and if possible ask for professional references or testimonials.

Tip 4 – Cut Out All Extras

Mortgage lenders are notorious for selling overpriced add-on such as life insurance, home insurance, contents insurance, income protection cover…all these insurances have their value of course – but you can bet your bottom dollar that you can every last one of them for a fraction of the price by going directly to an independent insurance house or even seeking the services of an independent financial adviser to find you the best deal available.

You could literally save yourself thousands each year in insurance premiums!

Tip 5 – Throw Some Money at It

So, you’ve cut your interest rate down to size, reduced your monthly repayments, maybe received a cash lump sum from a new lender and saved yourself thousands on insurance products – now turn all those savings back into your mortgage and repay early.

You should make it sure that you have negotiated it into your new mortgage contract that you can make early repayment or lump sum annual top ups and get rid of the millstone around your neck, get financial freedom, free yourself from your biggest financial commitment as early as possible and cut down thousands in interest payments; you can enjoy better life once again with these five instant money saving tips!


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