RBC offers new mortgage option for Canadians

One of the biggest decisions facing Canadian homeowners is choosing between a fixed or variable-rate mortgage. RBC has re-introduced a third option, called RateCapper, which provides an alternative for homeowners seeking the potential interest savings of a variable-rate mortgage combined with the security of a fixed-rate mortgage. With the RBC RateCapper mortgage, the interest rate…


Toronto credit union offering mirco-loans for business

As more people in Canada access microcredit to start and expand businesses, the economic and social benefits are growing. The Globe and Mail wrote a story on Pangiotis Tsiriotakis an entrepreneur who took advantage of the nmicroloans that Alterna Credit Union was offering. Read more


Micro loans to skilled immigrants for professional accreditation

A report entitled The Social Rate of Return to Investing in Character: An Economic Evaluation of Immigrant Access Fund Micro Loan Program, indicates the IAF loan program directly benefits Alberta society by providing annual real rates of return of 33 per cent or more. It also states that there are likely more than 1,500 immigrants…


Consumers get less choice now that the fix is in

The fix is in, when it comes to the Canadian mortgage market. New government rules, which kicked in this week, have taken away choice from many Canadians and will force them to lock into a longterm mortgage. Read more: http://www.financialpost.com/personal-finance/your-money/story.html?id=2931790#ixzz0mE3lEEHV


List of Canadian Mortgage Brokers

I was looking over the logs from the web site today and it looks like a lot of my visitors don’t know about the great list of Canadian Mortgage brokers. This is a great place to find a broker who will work with you to find you a loan or mortgage. When the banks are…


Prosper gets 14.7 million cash infusion

Prosper pioneered the idea and concept of people-to-people lending in the U.S with its launch in 2006. The company has nearly one million members and has coordinated over 32,000 funded loans totaling over $194 million dollars. Prosper is a people-to-people lending marketplace that works to make consumer lending more financially and socially rewarding. People list…


Domain names as collateral for loans

Here is an interesting lender niche. If you have good quality domains, you can use them as collateral to borrow money from DigiPawn or DigiLoan. They first started DigiPawn a few years ago provideing cash advances on quality domain names. They then became the first company to provide financing for individuals and companies that wanted…


Today’s Popular Credit Cards

Here  are today’s most popular Credit Cards. Shoppers Drug Mart® (not available in Quebec) 1.99% introductory annual interest rate on balance transfers and cheque cash advances for 6 months Earn 25 Shoppers Optimum Points®ii for every $1 in purchases when used with your Shoppers Optimum Card®—learn how Get 15,000 Shoppers Optimum Bonus Points®†† after your…


6 tips to improve your credit rating

Your credit is your gateway to getting anyone to lend you money. Keeping your credit score in the attractive zone for lenders is very important. Here are 6 tips to help improve your credit rating and increasing your score. We also have a few videos on how to improve your FICO score and how a…


Mortgage loophole helps first-timers

There is a small loophole in the new federal mortgage rules that could make it easier for the banks to lend money to first-time buyers. The federal government announced last month new requirements for anyone borrowing money for a house and needing mortgage insurance. If you have less than a 20% down payment and are…