Blog by DOINA BIOLAN B.Comm

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need a business loan?

November 27th, 2012

WHERE TO GO WHEN THE BANKS SAY NO?

Many entrepreneurs running small to medium businesses fail or their growth is  curtailed when traditional banks won’t fund their loan requests, or try to fit them into their mold.

We can Help!

We look beyond the typical bank products, loans and credit lines in an attempt to find the right solution for each unique customer’s requirement.

You may be a r ...

market-linked investments

November 27th, 2012



Did you know there are $30 billion in market-linked term investments (MLTI) in Canada?  Now, Financial Advisors can offer MLTIs to their clients.

These investments provide the security of a GIC with the upside of Market potential.  It also has the estate and creditor protection benefits of a Segregated fund and is available for clients as old as 95.

Advantages

  • Protection aga ...

Guaranteed approved life insurance

November 23rd, 2012

Hard to Insure Life Insurance

Did you know that you can get "no medical" life insurance? No medical life insurance means that when you apply for coverage, no one will request a medical report from your doctor and you will not be seen by a nurse or paramedic during the application process (meaning no painful needles or intrusive medical tests). No medical insurance policies only require ...

Benchmark rate

November 23rd, 2012

Understanding Bank of Canada Benchmark Rate: 

The Benchmark rate is set by the Bank of Canada. It is calculated each Wednesday and set the following Monday.  But what does "calculated" mean?  Well, each week the BOC looks at the 'posted' 5 year rate from the 'Big 6' banks.  An average is taken (using mode), and that becomes the benchmark rate.  To find the most recent Wednesday calculat ...

MERCHANT ADVANCE LOANS

November 15th, 2012
NEED AN ADVANCE MERCHANT LOAN TO GROW YOUR BUSINESS?

Small businesses see plenty of opportunities slip by because they don’t have the money to capitalize on them. Here is one of many examples:

Buying extra inventory ahead of high season

o Retailers often sell their goods for multiples of what it cost them to buy.
o Sometimes retailers can get substantial discounts for paying cash for inventory. ...

HELOC at Prime!

November 15th, 2012
HELOC at Prime ( 3%). Special conditions apply***
Call us for details at 403-613-2205

AFTER US ELECTION

November 13th, 2012

HIGHLIGHTS OF THE WEEK

United States

•    The federal election eclipsed the relatively positive spate of economic data this week. The results, however, leave the state of U.S. politics in the same place they were prior to November 6th, with the same President and roughly the same cast of characters in Congress.

•    Now that the election is over, attention must turn to the “fiscal clif ...

BORROWED DOWN PAYMENT PROGRAM CHANGES

November 2nd, 2012
 Borrowed Down Payment program changes

As per new OSFI regulations, most banks will no longer participate in this program.

Down payments must be from own resources and/or gifted from an immediate family member.

 Only down payments borrowed against a secured line of credit will be acceptable and 1.25% of the balance will be added up into your other debts, bringing down the maximum mortgage ...

qualifying mortgage rate announcement

November 2nd, 2012
MORE BAD NEWS REGARDING MORTGAGE CHANGES FROM OSFI

Effective immediately the Qualifying Rate most banks use currently use for High Ratio loans will now be extended to Conventional loans as well.

 

This means:

. For High Ratio and Conventional mortgages with a fixed rate term of less than 5 years the qualifying interest rate is the greater of the Bank of Canada qualifying rate and t ...