Description: Canada Loans is Canadian loan directory featuring payday loan, mortgage loan, student loan, car loan, bad credit loan companies and many Canadian credit and financial articles.
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Financial institutions in Canada offer various forms of financing to individual clients, businesses, and organizations. Clients who seek financing for the purchase of real estate usually apply for a mortgage loan . Builders and homebuyers can apply for financing through an intermediary, or they can do this directly. The features of mortgages vary from lender to lender, including the interest rate, the maturity and size of the loan, and the method of repayment. Different types of mortgages are offered on the
Home loans are typically advanced to borrowers who seek to buy a condominium or a house. The term home loan describes a variety of products used to refinance , purchase, or draw down against a property. While the term was formerly applied to loans used for owner occupied properties, it has been expanded to cover a variety of secured loans. A home loan can be used for business investment, buying an investment property, renovations, and traditional home purchases.
Personal Loans form another category in that borrowers receive a lump sum payment from a financial institution and are free to use it for different purposes. These loans are normally unsecured, and borrowers do not need to offer collateral to be approved. Collateral may be required if a person seeks to borrow a larger amount. In other cases, financial institutions only require a decent credit score to extend financing. Student Loans are a special form of financing intended for students. They are designed to