Mortgage loans come with the lowest interest rates because they are securitized; or in other words, they are backed by an asset – your home.
If you were unable to make your mortgage loan payments, the bank has a claim on your house, and this makes your loan less risky.
Still, through general comparisons between the two countries, a picture takes shape that offers something of an answer, and it’s not surprising.
Although the moose and the eagle are different species, they share the same basic animal instincts.
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Consolidation helps heavily indebted borrowers to reduce their debt burden and repay all outstanding balances faster, making payments more manageable and easier to keep up with.
What Is Debt Consolidation Consolidation is an alternative to bankruptcy and a form of refinancing, the ultimate goal being debt relief.
It’s surprising how many of us have some, or all of these debts… Yet, as Canadians, we somehow think it’s better to separate our mortgage from other debts.
We somehow think it’s good to pay down our mortgage but then rack up other debts.