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Reno's, pickups and trips. Oh my! We have the right solution to get you where you want to be.
Use our payment calculator to find out how much it will cost to replace that 1970's carpet from the downstairs bathroom.
There are several different options for loans. Examples include:
A loan is a fixed amount of money with a fixed repayment period. It's fairly straightforward. You know what you'll borrow, for how long and how much you'll pay. Easy, right?
A line of credit is a revolving loan that lets you borrow up to a certain approved limit. You only pay interest on the amount that you have used and the interest rates are generally lower than what you'll pay with a credit card. You may want to set up a line of credit so you are prepared for emergencies, or you may want to pay off a higher interest credit card. A line of credit can also offer you protection against overdrawn accounts.
Making payments on time is the most important action you can take to improve and maintain a good credit score.
Known as "leveraging", taking out a loan to invest is a great way to boost your investment portfolio, especially when interest rates are really low. If you are earning more on your investments than you are paying in interest on the loan, you're doing it right.
Leveraging is a more advanced investment strategy and should be included in a full financial plan with a trusted advisor. Thankfully for you, we have a number of exceptional folks who can help. Give them a call today!
An RRSP loan is a great way to help you achieve your dream retirement. You can catch up on missed contributions from previous years. Not only does it jumpstart your retirement savings for tomorrow, but it also helps reduce your taxes today!
Speak with one of our lending advisors to find out more about RRSP loans.
Don’t hesitate to reach out! Our experts will happily help you figure out your options and what they mean for you.