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Showing posts from October, 2021

4 best international money transfer service providers in Canada

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Canada’s market deals with the global financial sector which makes money transfer a significant part of its economy. Since many individuals and business owners have to transfer money globally, it is important to rely on the bestinternational money transfer service providers. There are many service providers in Canada and that’s why it could be a bit confusing to select the best one. But today, we are bringing a list of the top 4 money transfer service providers in Canada that are well-repeated and offer top-notch service. So, let begin. Transfer Wise This service provider allows you to convert your money into 54 currencies and that’s why it is one of the most reliable names when looking for the best international money transfer service providers. You can also create a multi-currency account effortlessly. OFX One of the benefits of transferring your money with OFX is that you will get bank-beating rates and this will help you keep more of your money. You can make transfers to o

Why 5-year fixed-rate mortgages are popular in Canada?

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5-year fixed-rate mortgages are very popular in Canada. With the increasing demand for housing facilities, people are looking for a mortgage that can help them buy a house without much of a hassle and a 5-year fixed-rate mortgage seems to be a perfect choice. Many financial institutes (banks and private lenders) are offering the best 5 year fixed rate mortgage   plans and if you are planning to get one of those, it is important you learn about this mortgage plan first. Learn about a 5-year fixed-rate mortgage The primary reason people choose 5-year fixed-rate mortgage over other financing programs is the life of the loan. Even though the life of this mortgage is shorter than a 30-year mortgage or 15-year mortgage plan, the savings for a five-year loan is great. You could end up saving a lot of money with this mortgage plan. However, this loan comes with large monthly payments. So, if your budget allows you to pay a large amount of debt payment, then this is the loan you should go f