Learning Center

Qualifying for a Mortgage in Canada and the U.S.

Buying a home is a major expense; for most consumers it is the largest financial investment they will make in a lifetime. People that paid for their homes with cash make up the minority of homeowners. Simply put, having ready money to purchase a home is an ideal situation but is out of reach for most people. The path to owning a home more commonly involves qualifying for a mortgage.

Inside the World of Merchant Cash Advances

After being denied six business loans, Rhonda realized that because her business was new, most banks would not offer her enough financing to start her new venture. However, she had heard about an alternative to traditional lending known as a merchant cash advance, or MCA. Encouraged, she took off in the direction of getting funding via an MCA. And she is not alone; millions of start-ups and established businesses take advantage of the benefits of this type of financing. But before they do, they must understand the ins and outs of merchant cash advances.

BHM Financial Approves Just About Every Canadian In Need, No Matter Their Credit Score

If you’re in need of a loan, BHM Financial will find a way to help you out. BHM primarily provides loans based on the customer’s assets. That means that those with poor or bad credit can still receive a loan of up to $25,000, using their vehicle, home or mobile home as collateral.

Searching for a Loan Online

Searching for financing and banking products, such as loans, is a breeze for anyone with online access. Borrowers whiz through the process of finding a lender, applying for a loan, approval, and cash-in-hand -sometimes in a 24-hour period. Online lenders are alternative providers of secured and unsecured loans. And they have become stiff competition for…

How iCapital Helps Canadian Small Businesses Leverage An Often Forgotten Asset: Future Debit and Credit Card Sales

For nearly a decade, Toronto-based iCapital has been providing capital to Canadian small business owners of all shapes and sizes from coast to coast. Unlike traditional loan products, however, their merchant cash advance has absolutely no deadlines, no late fees, and is only paid out when small business owners are making money themselves.

Bigger is Better: How Peel Financial Uses Its Dominating Size to Fight For Its Customers

Being the country’s oldest and largest equipment finance broker has its advantages. Founded over 15-years ago, Brampton, Ontario-based Peel Financial has the largest group of credit analysts in the country, offering a wide range of equipment financing options primarily to the trucking and transportation industry.

The Types of Buses that Can Be Financed

The bus trade has increased by leaps and bounds since 1662 when Blaise Pascal launched the first horse and buggy bus line. Even the 1830 steam powered bus designed by Sir Goldworthy Gurney would not compare to the 21st century transportation goliaths of the present day.

Ways to Use Credit Cards Wisely

Credit cards come with advantages and disadvantages just like all other forms of credit such as bank loans, mortgages, and personal loans. Having a credit card was primarily a sign of status many decades ago. Today, it can be a necessity in some circumstances in addition to the convenience of its use.

SkyCap Financial Wants to Help Clients Get Back to Borrowing from the Bank

While some short-term lenders seek to keep their customers on a cycle of payday loans with high interest rates, the Kingston-Ontario based alternative lender strives to get its customers back to borrowing at lower rates from the banks. “The goal for us is to help that client to not have to borrow with us,” said SkyCap Financial president Jeremy Wilson. “We want the client to get back to being able to borrow with a bank.”

Bad Credit Mortgage Loan Guide

A surprising number of people won’t ever try to buy a home because they think that they cannot get a mortgage with bad credit. But these days, it is not a shock to lenders that people fall on hard times or make financial mistakes. For people who are working toward turning their credit around and are determined to own a home, there are ways to make their dream come true. It is not impossible to get a mortgage loan with bad credit for those willing to put in the effort to do so.