Given the current state of high debts we are facing and less and less people paying their debts, it will hardly come as a surprise to know that many companies, large and small, are experiencing very real financial difficulties. Costs of consumers and businesses have grown a lot in recent months both within the national…
Mortgage-free mortgages barely exist today. Especially not for us who do not have a lot of money left, so to speak. What does amortization mean? So it is that you do not repay the loan. But often you have to pay interest and other costs while not repaying the loan. This means that the loan…
Applicants for a bank loan must be at least 18 years of age, since they acquire full legal capacity when they are of legal age and can enter into contracts without restrictions, even if they involve high amounts. Non-bank lenders can, however, apply different loan criteria and set their clients’ preferred age. Of course, within…
To facilitate homeownership for newcomers to Canada, CMHC offers the Newcomers Program for holders and non-permanent residents. CMHC will consider other factors that indicate the borrower’s ability to repay debt, including a history with a financial institution, its net worth, and all cash-free assets or investments available to it. Where the permanent resident has a…
July 31, 2018 Only a handful of millennials find their way into the investing world, a study by Keytrade Bank shows. Investing, it very rarely appeals to the imagination of the average millennial. According to the internet bank Keytrade Bank, only one in eight millennials invests. That while no other generation can put aside as…
In detail To organize the additional levy of 4%, a novelty was introduced, namely an obligation to declare movable income. From the 2013 tax year (2012 income) you will be required to enter your movable income, both interest and dividends, on your tax return. As a check, banks and insurers (and all other…
Compare savings accounts A comparison of savings accounts in Belgium is recommended. The savings account is the most popular savings solution in our country. Those who want to put money aside for a longer period of time usually use a savings account. There are various reasons for this. First of all, the money on most…
Is it very difficult to obtain a new loan? It is advisable to leave these lists to open up the possibilities of using the wide range of financial products available at your leisure. Is it possible to get a new loan while having a pending loan? Although it is true that it is not…