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Canadian Credit Gets Easier |
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Written by Pat Winters
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Friday, 11 July 2008 |
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Lenders continue to create flexible lending and credit products allowing Canadians to borrow more moneythan ever before.
If you are looking for a mortgage for example and you are self-employed, you can qualifyfor mortgage products that allow you to simply state your income depending onyour down payment and loan to value of the home. If you have challenged credit,more lenders are in the market ready to lend you the money – sometimes at aslightly higher interest rate but not the same rate gouging as consumers withtroubled credit had contend with in the past. Just because your credit isn’t perfect, does not mean there aren’t manylenders ready and willing to lend you money. Consumers can also qualify for100% financing on purchases for principle residences and now up to 100% forrental or investment properties. Again, keep in mind these products do havesome conditions and terms however either way you slice it, lenders continue tolaunch innovative financing solutions for all types of clients. |