Articles About Alternative Lending

How To Get a Business Loan with No Collateral

Business loans without collateral are often referred to as “unsecured financing”, but this term isn’t technically accurate. Most business loans without collateral are secured by some kind of asset. Keep reading to learn more about these options, as well as what funding options are available to businesses with no collateral. But first, let’s take a closer look at what “collateral” actually means.

Can I Sell My House When I Have a Home Equity Loan?

If you have a home equity loan or line of credit like many Canadian homeowners, you may be wondering whether you can still sell your house. The short answer to that question is: yes, you can. The bigger question is: should you?

How to Use a Home Equity Loan for an Investment Property

There are varying reasons that a homeowner will choose to take out a home equity loan. It may be to purchase another property or it could be used for improvements. Another loan type is a HELOC, which is a line of credit secured by your home. You can withdraw funds whenever you need them so it offers a bit more freedom than a home. We’ll give you more insight on how to use your home equity loan to buy an investment property.

What are Mortgage Rates Like in Canada?

Learn more about the specific mortgage rates that Canadian lenders are offering consumers. While your credit history and reports will depend on the rate that you get from the financial institution.

Personal Loan Rates in Canada

We’ve gathered the information you need to find out if a personal loan is the best choice for you to go with. Learn more about these loans here to find out if they’re the best fit for you and your needs.

How to Protect Your HELOC from Rising Rates in 2022

If you have a HELOC, it’s most likely tied to Prime Rate. This means when Prime Rate is low, you benefit from a lower cost of borrowing and lower payments. However, when Prime Rate starts to increase, your cost of borrowing and payments will get higher as a result. And that looks to be happening this year in 2022.

Personal Loan Rates to Expect in Canada 2022

With many types of personal loans and lenders, you can choose which ones work the best for you based on the specifics they’re offering. Consider how much you need to borrow, what the lenders are offering, and whether you qualify for the loans through the lenders depending on their requirements. Learn more about the rates to expect for these personal loans in Canada.

Canadian Home Equity Line of Credit: Know More

A home equity line of credit is a form of credit that is secured through the use of your home. The lender holds your home as assurance that you will pay back the money you borrow against the value of your home. There is a lot that goes into these home equity lines of credit though. It is important to learn more when choosing this type of home loan to go with.

Do You Need Good Credit to Get a Small Business Loan in Canada?

Ultimately, how good your credit needs to be comes down to the type of funding you’re seeking and the lender you’re working with. For example, government-funded and traditional lenders typically require high credit scores, while alternative lenders put less emphasis on credit score and will consider additional factors, such as the health and potential of your business.

Alternatives to PayDay Loans

PayDay loans were once very popular throughout many communities, and they still might be where you’re from. However, they might not be the most practical way to borrow money. If you are in need of extra cash but are unsure of where to turn that is not a PayDay loan, we’ve come up with some solutions for you.