Loan Types
The first thing that must be considered is wether your loan will be "secured" or "unsecured". Other factors that should be considered are the length of term and the payments you can afford. In general, the payments for all your debt ( including mortgage payments , credit card payments and property taxes should not exceed 39% of your pre-tax income).
Some of the various types of loans are listed below: |
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|---|---|---|
LINE OF CREDIT |
CASH SECURED |
PRIME + 1% |
LINE OF CREDIT |
UNSECURED |
PRIME + 4% |
PERSONAL LOAN |
CASH SECURED |
PRIME + 1% |
PERSONAL LOAN |
UNSECURED |
POSTED RATES |
PERSONAL LOAN |
CHATTEL MORTGAGE |
POSTED RATES |
R.R.S.P. LOAN |
UNSECURED |
PRIME + 1% |
If you have time check out the mortgage and loan payment calculator or apply online for a loan or mortgage:
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