But while we are all on our own, we may need to borrow something—even borrowed capital. The amount of our borrowings are in no way a reflection on how much we have built up in our life, it doesn’t mean that each one must be paid back completely. But it does mean that we are not just borrowing from ourselves. If you are not paying down your debt, then you are not paying your debt down.
In this day and age, there has never been a better time to take out a loan than today. In fact, the number of home loans is down because interest rates are so much lower. In the U.S., the average interest rate for a 30-year fixed rate mortgage is just 0.2%. In Australia, the rate is 1.4%. In the UK, it’s 3%. In Canada, it’s 8%.
This is why our website is the largest database of free and paid credit reports across Canada. You can search for your lender(s), select how many years you want to borrow, and even search for a specific lender. Our database has been growing daily and the number of lenders will continue to increase over the coming weeks.
We know that the average Canadian spends less than $1,000 on a home every year. In that same time, our website has more than 40,000 homeowners who are using borrowed capital to buy homes. If you’re on the fence about borrowing capital, we have great information and advice to help you decide.
We have the largest collection of lenders from the US and Canada in order to help people buy homes faster and with confidence. In Canada, we have the most lenders and the most affordable rates. We also have a very experienced team who are happy to answer any questions you may have.
We’ve had a lot of offers like this as well, but we believe that the best way to start out is by talking to other homeowners and asking them questions. We love to talk to homeowners who are ready to get into the home buying game.
Most of the lenders in Canada are located in Toronto, and we have branches in Calgary, Vancouver, and Montreal. We have branches in all of the major Canadian cities, so you can see that we’re not a small company.
We also offer Canadian home loan services, but only to the most serious borrowers of mortgages. The interest rates are higher, and you need to have a huge amount of assets to qualify for a mortgage. That is not the case with our other services.
For non-loan purposes, we are not as big as other lenders, but we do have the market share of the other lenders to our own. In general, the amount of assets required when you look to buy a home is significantly lower than the amount of loans people take out to buy houses themselves. We also have a very large network of real estate brokers, so it’s not uncommon to talk to people at the bank, builder, and mortgage lenders.
When you look at the market share of other lenders, it should be clear that the market is going to be dominated by the banks. However, the real danger is that we don’t have a strong presence at the other end of the transaction. At the moment we’re one of the biggest players in the market, but at the end of the day we can still be beaten by anyone on the market.