Posts by admin
Our Guide to Getting a Secured Credit Card When You Don’t Have the Deposit Money
A secured credit card is one of the best ways to rebuild your credit. While credit cards have their dangers, like racking up a big limit with no way to repay it, they are also essential for many things in our society: You need a credit card to book reservations. Comes in handy on bigger…
Read MoreBad Credit Mortgage Financing – How to Choose the Right Lender
Being a homeowner with bruised or bad credit can seem like a catch-22 — you might have equity available in your home that could help you erase your bad debts but accessing that equity through bad credit mortgage financing can seem nearly impossible. All is not lost, though. There are lenders who offer bad credit…
Read MoreHave You Heard About the “It’s NOT a second mortgage loan”?
Our Home Equity Loan Can Get You Money Without Expensive Fees There is a lot of money available in your home’s equity, but often accessing it comes with high expenses — appraisal fees, legal fees, and other traditional mortgage closing costs. But what if we told you there was a better way? Prudent has introduced…
Read MoreWhen Will the Bank Say Yes?
How to Get a Loan with Bad Credit When you have bruised or bad credit, it can seem nearly impossible to get a loan from the bank. But if you want to learn how to get a loan with bad credit, we can help you understand what steps you need to take — plus help…
Read MoreEffective Ways to Cope With and Even Reduce Summer Childcare Expenses
The summer months are anticipated all year round by kids everywhere, but for parents they can be one of the most stressful seasons — at least when it comes to childcare expenses. According to Statistics Canada, in Ontario, the average cost of childcare expenses is $677 per month. In Toronto, it’s even higher, averaging about…
Read MoreThe Canadian Interest Rate is Up to 1.5% After July 2018 Announcement
The Canadian interest rate has risen again, going up to 1.5% as of July 11, 2018. The Bank of Canada (BOC) chose to raise rates for the fourth time in a year. The Canadian interest rate was 0.5% before July of 2017, but since then it has increased steadily to the current 1.5%. This hike…
Read MoreYour Used Car Buying Checklist
When you’re shopping for a used car, there are certain questions you want to ask to make sure you are getting a good deal. We’ve put together a checklist that you can take with you for all of your used car buying needs. Here is your used-car buying checklist: 1. Set a Budget a. Know…
Read MoreHappy Canada Day from Prudent Financial!
Happy Canada Day from all of us at Prudent Financial! It can be easy to take for granted how lucky we are to live and work in Canada. We sit on nature’s doorstep. A short drive can take us to the Rocky Mountains, a fresh water beach, a family cottage, or a great Canadian attraction.…
Read MoreHow to Take Out Home Equity Without Impacting Your Low First Mortgage Rate
If you’ve been fortunate enough to lock into a low first mortgage rate, then you probably don’t want to lose it. Especially as Canadian interest rates increase, you’ll want to do what you can to keep your first mortgage rate as low as possible. However, if you were considering refinancing your first mortgage, this may…
Read MoreHow to Take Out Some of Your Home Equity Without Everyone on Title Signing
Sometimes, there may be cases where you want to access your home’s available equity without needing everyone on the property title to sign for it. Perhaps you and your spouse maintain separate finances, or your parents are on the title. Or there could be another reason you would like to leverage your home equity without…
Read More