Dominion Lending Centres Clearlease Reports More Canadians Paying down Credit Balances
VANCOUVER, BC (June 9, 2011) Dominion Lending Centres Clearlease Reports the balance on his line of credit is more than $100,000, but he’s paying off his credit cards every month.
He’s a friend of mine and his credit profile is pretty typical – smart enough not to pay the astronomical rates on his charge cards, but using the lower rate on his line of credit to cover the gap between his spending and his income.
And now he’s doing an even smarter thing. He’s actually paying down that line of credit.
A new study from TD Canada Trust says Canadians are beginning to get the message that it’s time to stop accumulating debt, but what about paying it down?
With interest rates expected to rise, nearly four-in-10 Canadians believe that a fixed mortgage rate is the way to go over the next year, a new poll shows.
Still, another 32%, or nearly one-third, would choose a variable rate, which moves up and down with the prime rate, according to the survey released Thursday by CIBC.
“The results confirm there really isn’t one right answer when it comes to choosing a mortgage and the rate alone is not the only factor that Canadians consider,” Colette Delaney, senior vice president of mortgages, lending and insurance at CIBC Retail Markets, said in an interview.
Variable mortgage rates tend to be lower than fixed rates. That’s because with fixed rates, you’re paying extra for the peace of mind of knowing that if rates move up, you will not be affected.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 9, 2011) Dominion Lending Centres Clearlease Reports the balance on his line of credit is more than $100,000, but he’s paying off his credit cards every month.
He’s a friend of mine and his credit profile is pretty typical – smart enough not to pay the astronomical rates on his charge cards, but using the lower rate on his line of credit to cover the gap between his spending and his income.
And now he’s doing an even smarter thing. He’s actually paying down that line of credit.
A new study from TD Canada Trust says Canadians are beginning to get the message that it’s time to stop accumulating debt, but what about paying it down?
With interest rates expected to rise, nearly four-in-10 Canadians believe that a fixed mortgage rate is the way to go over the next year, a new poll shows.
Still, another 32%, or nearly one-third, would choose a variable rate, which moves up and down with the prime rate, according to the survey released Thursday by CIBC.
“The results confirm there really isn’t one right answer when it comes to choosing a mortgage and the rate alone is not the only factor that Canadians consider,” Colette Delaney, senior vice president of mortgages, lending and insurance at CIBC Retail Markets, said in an interview.
Variable mortgage rates tend to be lower than fixed rates. That’s because with fixed rates, you’re paying extra for the peace of mind of knowing that if rates move up, you will not be affected.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports More Canadians Paying down Credit Balances
VANCOUVER, BC (June 9, 2011) Dominion Lending Centres Clearlease Reports the balance on his line of credit is more than $100,000, but he’s paying off his credit cards every month.
He’s a friend of mine and his credit profile is pretty typical – smart enough not to pay the astronomical rates on his charge cards, but using the lower rate on his line of credit to cover the gap between his spending and his income.
And now he’s doing an even smarter thing. He’s actually paying down that line of credit.
A new study from TD Canada Trust says Canadians are beginning to get the message that it’s time to stop accumulating debt, but what about paying it down?
With interest rates expected to rise, nearly four-in-10 Canadians believe that a fixed mortgage rate is the way to go over the next year, a new poll shows.
Still, another 32%, or nearly one-third, would choose a variable rate, which moves up and down with the prime rate, according to the survey released Thursday by CIBC.
“The results confirm there really isn’t one right answer when it comes to choosing a mortgage and the rate alone is not the only factor that Canadians consider,” Colette Delaney, senior vice president of mortgages, lending and insurance at CIBC Retail Markets, said in an interview.
Variable mortgage rates tend to be lower than fixed rates. That’s because with fixed rates, you’re paying extra for the peace of mind of knowing that if rates move up, you will not be affected.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk