Are you looking to borrow money in Canada? You are in luck. There are plenty of financing options for Canadians
Lenders use different factors to assess your creditworthiness. The factors considered are dependent on the type of loan. The factors most lenders consider are your income, debt, assets and credit history.
There are benefits to being responsible with your credit. You can choose from a wider variety of financing options.
THE BOTTOM LINE
Borrowing options covered on this site are personal loans, debt consolidation, car loans and mortgages.
You can use a personal loan for a wide variety of purposes, for everything from home renovations to new furniture.
Debt consolidation is when you use a loan to pay off high-interest debt. By doing this, not only do you save on interest, you will only have one monthly payment to make.
A car loan is a loan specifically for buying a vehicle. You can get a car loan from a financial institution or car dealership.
A mortgage is a loan for buying real estate. Although the lender usually puts up most of the money, you are required to put some money down, at least five percent of the sale price in Canada.