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Happy Holidays from the Prudent Financial Family!
Happy Holidays from the Prudent Financial family. We wish you the best this holiday season and hope you get to spend it with your loved ones. See you in 2019!
Read MoreGood News for Holiday Shoppers: Canadian Interest Rates Staying Steady for December 2018
If you’ve been putting holiday purchases on your credit card, the latest Bank of Canada announcement will come as a relief – Canadian interest rates are staying at 1.75% for the rest of 2018. On December 5, 2018, the Bank of Canada (BOC) announced that it would hold its overnight rate until at least the…
Read MoreWinter’s Coming – Continue Sinking Money into Your Old Car or is it Time to Say Goodbye?
With winter on the way, now is the time to take a good, hard look at your current vehicle. In Canada, icy roads, snowy drives, and frozen engines are part of the norm, so you need to take a proactive approach to prevent last-minute surprises. If your vehicle is older, it might require repairs. Or…
Read MoreWe’re on the Radio! Hear Our Spots on 680 News
There’s a new way to stay connected to Prudent Financial – the radio! We have three spots playing on 680 News, Toronto’s all-news radio. If you’re a regular listener, you may have already heard us on the air talking about our home equity loan services, bad credit car loans in Toronto, and what exactly makes…
Read MoreDon’t Get a Payday Loan for Holiday Cash – We Have Better Ideas
The holiday season is an expensive time of year, which is why many look for quick cash loans — including payday loans. If this is you, STOP. Payday loans are about the worst thing you can do for your bank account. If you need quick cash to cover holiday expenses there are other, better options,…
Read MoreBorrow with Your Home Using Our Unique Home Equity Loans!
Borrow with your home using our unique home equity loans! Benefits: NO mortgage closing costs since this is a loan, not another mortgage. NO property appraisal. NO need for other people on title to sign. NO property registration required. All you need is 50% equity in your home to qualify! Find out how you can…
Read MoreFinancial Spotlight: Homeowners Currently in a 5-Year Fixed Mortgage and Preparing for a Higher-Rate Renewal
If you are in a 5-year fixed mortgage, it’s possible that you are up for renewal this year or in the very near future. Nearly 50% of Canadian homeowners will be renewing their mortgage between 2018 and 2020. If you are in this boat, there are several things you’ll want to consider. Mortgage Renewal Rates…
Read MoreStruggling with Interest Rate Debt? How to Cope with Latest Increase to 1.75%
The Bank of Canada (BOC) has increased interest rates again — this time to 1.75%, as of October 24, 2018. If you’re struggling with debt, this increase could have a big impact. The last interest rate increase was in July of 2018, when rates went up to 1.5%. Although the October announcement is only bringing…
Read MoreGTA and Toronto Mortgage Closing Costs in 1-2-3
When you buy a house or refinance, the mortgage closing costs can add up quickly. Those costs can be even higher if you’re living in an urban area, like Toronto or the GTA. Here are some of the closing fees you might encounter and what they could cost: Land Transfer Taxes – Municipal and Provincial…
Read MoreHow to Buy a Vehicle Based on Payment vs. Value
What criteria do you use when deciding how to buy a vehicle? Most people take two things into consideration — the car payment financing and how much the vehicle is worth. The car payment financing tells you how much you’ll have to spend each month to pay for the car, but the vehicle’s worth can…
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