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Quick Personal Loan Tips and Tricks
Suffering from cash shortage is a very bad situation that people try to avoid at any cost. People tend to get a quick personal loan in order to get out from this bad situation. Not all the quick loans can help people on such situations but, you need to make sure that you are getting the best loan for your case. Some loans can charge you huge APR so; they can only worsen your financial situation through raking a lot of fees and charges on your initial amount of money.
In some cases, quick personal loans are of great help but they should be done carefully in order to get their benefits and stir away from its disadvantages. The first thing you need to do is to keep the loan to the minimum and always keep it as a final resort. If the case is not highly urgent then you can search for other solutions for your cash problem. You can get an equity loan on your property and in that way you will get better rates on that loan and you will be able to evade these high fees of the quick loans.
You can go for the quick cash loan if you are sure that you will get the money back to the lender on the designated time because that will save you a lot of money. In most cases, people do not pay their quick loans on time but, they tend to roll it over for couple of months. This would not cause a problem and it will not affect anything except the fees that keep accumulating. One of the recent studies stated that a quick cash loan will incur over 450 % when the money is left unpaid for one year.
When you need a loan then you need to search over the internet for adequate time in order to find someone that offers you good rates for your loan. The rates and the conditions vary from place to place and from state to state. Make sure that you read all the terms and condition so; you do not get surprised by something weird in the middle of your contract.
You can get lend of some money through your credit union or your bank in a reasonable period of time if your credit score is good enough. If you have good credit score then you will be able to get that loan in no time while in case you have bad credit then you will be forced to deal with these quick loans that incur high interest rates.
If you own your home then you can get easy and low interest secure loans because there is good collateral for them. This is the best loan that you can get if you are not in a great hurry or if you want a greater amount of money.
Before you go for a quick personal loan, make sure that you have browsed all the available solutions for your cash problem before deciding which loan you would go for.
Low Mortgage Rates Help Canadian Housing Market Rebound
Housing Sales Continue To Grow
The CREA report for June, 2009 had some very encouraging numbers:
Sales in June were up 8.7% from May, 2009.
June sales were 17.9% higher than those in June of the previous year.
Increased sales and fewer new listings have caused inventories to drop to their lowest levels since August, 2007. Low inventories are important to ensure that price increases become more widespread.
Average home prices increased by 1.7% over June, 2008.
Increases were recorded across the country, but were especially strong in the west. B.C. led the way with nearly 40% more homes being sold year over year. Double-digit gains were made elsewhere too: Saskatchewan was up 25.2%, Alberta 22.2%, and Ontario 15.7%.
CREA also predicts that activity in the second half of the year will match or exceed the results in the first half.
There are many reasons for the robust performance of Canada’s housing market. It seems Canadians learned a lot from the real estate bust of the early 1990s. Because of that experience, the Canadian government introduced tighter rules for borrowing money, which helped Canada avoid the type of subprime lending that caused so much damage to the U.S. housing market.
Another key difference between this recession and the previous housing bust is interest rates. In the early 1990s, borrowing costs were rising, but this time around, interest rates have been very low. As reported in the Calgary Herald, Millan Mulraine of TD Securities noted that Canada’s relatively stable housing market and healthy banking sector allowed homebuyers to take full advantage of lower interest rates and lower prices.
Housing Starts Are Also Up
Another positive sign emerged in the market for new homes. Housing starts were up 8% in June over May of 2009. Again, the results were strongest in western Canada, where urban housing starts in the Prairie provinces increased by 60% and those in B.C. jumped by 25%. In Ontario and Québec – hard hit by manufacturing job losses – the numbers were not as strong. Ontario had an increase of only 3% in urban housing starts, while Québec experienced a decline of 6%. Atlantic Canada also experienced a drop of 4%.
Overall, the numbers for housing starts were much higher than analysts had expected.
All told, the figures for June housing sales and starts seem to indicate that the Canadian housing market is gaining strength. And with mortgage rates still affordable, this may be an ideal time to shop for a new home.
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