11 April 2022 – Lending Centres

Recent Posts

Does Gambling Affect a Mortgage Application

Whether gambling affects a person’s chances of receiving a mortgage or not has been an important question for many online gamblers taking up gaming for the first time. With the rise in popularity of online gambling, there have been many people wanting to indulge in gambling entertainment but not sure about the effect it will have on their future mortgages. The rise in popularity of online gambling can be seen as promotions that are run by casinos, such as free spins bonuses offered by BitStarz. Bitstarz is one of the latest online casinos to accept Bitcoin as a form of payment which can also work to your advantage of not spending real money, which may affect mortgage applications and credit scores if you do gamble more than the average player. Mortgage lenders do look at gambling habits and will take into account the amount of money that is spent and the type of gambling you are choosing to take part in. If the player bets too much and never win, an application might be denied due to the lender not knowing whether the person will be able to pay. When you are gambling responsibly, and within your budget, there is no need to worry about any negative effects which may result in a mortgage application being denied. When the lender sees your credit score and banking statements and notices a small amount of money being spent on gambling, it will not affect any mortgage or loan. A good way to know whether your gambling may interfere with your application being accepted is to check your credit score and look at how much you are spending on online casino games. Being responsible for debt and gambling is an important factor to consider when wanting to take loans or mortgages.

Why iGaming Investments are Lucrative

Online Gambling has been growing at a vast rate and is not showing any signs of slowing down soon. It has become one of the most lucrative industries to invest in and has stood as one of the most popular means of entertainment for the past 2 years. While many online casinos are starting up around the world, only a few provide a way to gamble with Bitcoin. Digital currency has also been gaining popularity, with many individuals and businesses accepting it as a payment method. As Bitcoin has proven to be a great investment for many professionals and business-minded people investing in casinos such as bitstarzcasino.org are great opportunities for large returns. BitStarz offers their clients a way of playing without real money and winning more bitcoins which on its own is already a lucrative investment. The Growth of the online gambling market is expected to grow and attract even more investors in the coming years. The attraction to investors is mostly due to the industry being innovative with new technology and it being a service that is available 24/7. The industry has become one of the most popular means of entertainment to the international market and is constantly upping its game with new promotions and other ways of drawing customers. Recent studies have also shown that online gambling is by far the most popular way of gambling, even surpassing the popularity of land-based casinos. It is only in countries with extreme legislations and laws that gambling is not thriving as much with investors. Throughout Europe and Canada, there are strong laws, yet the industry is growing with more popularity and receiving a lot of investments. With online gambling becoming a major factor in investments and are showing great returns, it’s a good idea to start looking into different methods of investing in the industry.

Types of Loans Explained

There are a variety of Loans available to cater to each individual’s needs and what they need a loan for. Some loans will have longer down payment durations, and others will have higher interest rates. This article provides information on the loans that are mostly applied for in Canada. Below are the most applied for loans in Canada which can be found from most banks in the country. Secured Loans Secured loans are usually popular among those with bad credit scores. If you do not have a great credit score, a secured loan may be given but with a higher interest rate than with usual loans. Depending on the type of collateral you will be able to provide, the bank can apply for up to $25 000 or as little as $5 000. The lender specifies the duration of time you have to pay back the loan, and you will need to be older than 18 years of age. Unsecured Loans Unlike Secured loans, unsecured loans do not need collateral but will require the borrower to have a positive credit history. The interest rate is much lower than with a secured loan and is a great choice if you are looking for a long-term loan or taking care of an emergency without having a large repayment each month. Student Loans A student loan is perfect as a chance to fund university costs after graduation. Student loans have helped many people to stay in university when their funds run out, and they are unable to afford to study further. Requirements to get a student loan is just to provide proof that you are enrolled in a university. Amounts available to get on a student loan can go quite high but depends on what the cost of the university is. Payday Loans Payday loans are one of the most popular ways of getting money for an emergency or just to get through the month. These are short-term loans that last anywhere from two weeks to a month. Most banks offer up to $1500, with the payment needing to be paid back quickly. If a person cannot pay the loan, they need to take out another loan to pay for the payday loan. The loans on this list are the most frequently applied for loans in Canada and provide great financial assistance for your specific needs.

Popular Canadian Mortgage Lenders

Finding the perfect mortgage lender can be a tricky task, and choosing the wrong option can result in a larger interest payment than necessary. Some lenders may provide better options in terms of the mortgage duration and interest rate. With so many different types of mortgages, it’s also important to choose the right option for your needs, income, and lifestyle. Here are some of the top-rated mortgage lenders in Canada. Duca Duca is part of the Dutch Canadian Toronto Credit Union and was established in 1954. They have 16 branches scattered across Southern Ontario with over 70 000 members. They specialize in co-owned mortgages, company-exclusive mortgages, and standard options. The lender offers options in a convertible, fixed closed, and variable rates from as low as 1.79%. EQ Bank EQ Bank is a great choice for reverse mortgages and flexible payment options. The bank has been providing mortgages and other financial services since 1970 and has grown into the 9th largest Schedule I bank in Canada. Their headquarters, situated in Toronto, provides in-person meetings with the brokers. With a variety of different mortgage options, their interest rates start from as low as 2.69. Motusbank Motusbank is one of the best options for online mortgage solutions and joint ownership plans. Although they are relevantly new to the Canadian virtual banking segment, they have been growing in popularity with remarkably attractive interest rates. Other than providing all the standard mortgage options, they also have special packages with different rates when applying online. Meridian Meridian is seen as Ontario’s largest credit union and manages over $27 billion in assets. They have a variety of financial services with 89 branches spread across Ontario. Meridian offers a variety of mortgages as part of financial services. They offer convertible, closed, open, and variable-rate mortgages to the public of Canada. All the mortgage lenders on this list are dedicated to providing Canadian homeowners with the best options in mortgages a variety of options.

High Return Investments to Look Out for in Canada

Low-risk investments are a great way to be guaranteed in receiving profits from the investment. The returns might be smaller than with high-risk investments, but you’ve got nothing to lose. The types of investments on this list guarantee safe and high return profits and are all available in Canada. Certificates of Deposit CD investments are seen as some of the most valuable investments that are safe. It involves a certain time frame of investing which can not be broken and may take between one month or ten years. The investment amount can be drawn before the time frame has passed but with a penalty fee. Having an emergency fund activated before investing in a CD investment can help you not draw the amount before the required time frame is up. Guaranteed Investment Certificates GIC investments work the same as CD as it requires a certain amount of time that the money needs to be invested. This is a good option if you know you will not be tempted to draw the invested amount in case of an emergency. A GIC investment can run from 1 to 5 years and provide a guarantee on your interest rate. High-Interest Savings Account HISA investments provide a high interest on your return and stand as one of the safest investments in Canada. With traditional saving accounts, you do not get the same savings rewards as with HISA accounts. In Canada, the best option for acquiring a HISA investment is through an online bank rather than going for a brick-and-mortar bank as they have lower operating costs. Corporate Bonds Corporate Bonds are known to have high returns in Canada with low-risk profiles. Although it is a safe and highly valuable investment, there are some risks to consider when choosing to invest in corporate bonds. The interest rate may not stay where it is and may go down, which will result in fewer profits. There is also a default risk which means if the company fails, you may lose your investment. These investments are great for low-risk investments that can pay high-rate returns.