Whether you're looking at a loan, a mortgage or funding for your business, tell us where you stand. A verified finance professional will explain your options in plain English, including what it would really cost.
A verified professional will get in touch.
You get more from a conversation when you arrive with the basics.
Borrow, buy a home, renew or refinance a mortgage, or fund a business. Each points to a different route.
Your income, your debts and your credit reports. You can get each credit report free.
Work out a payment that stays comfortable, not just the biggest amount you could be offered.
Compare the interest rate, fees and total repaid, not only the payment.
We'd rather connect you with the right provider once than flood your inbox with a dozen you'll never call back.
Your goal, income and existing debts decide which route makes sense, not a one-size-fits-all product.
The rate, fees and total repaid side by side, so the option that looks cheapest isn't a surprise later.
You get the options explained. Whether to go any further is always your call.
No. Namoye is a free matching service. It is not a lender, broker or adviser, and it doesn't make credit decisions. Any offer comes from the firm that contacts you.
Mortgage brokers and agents are licensed by the provincial regulator where they work, such as the Financial Services Regulatory Authority of Ontario or BC Financial Services Authority, and the rules differ by province. Banks and many lenders are federally or provincially regulated. Ask for the licence number and check it yourself with the regulator before you share personal or financial details.
Lenders must show the total cost of a loan, including the interest rate expressed as an annual percentage rate and any fees. Ask for the total you would repay, not just the monthly payment, and compare it between lenders.
There is a federal maximum interest rate under the Criminal Code, and some provinces set extra rules for high-cost loans such as payday loans. A professional can explain what applies where you live. Be wary of any loan that costs far more than the alternatives.
Sending a request to Namoye doesn't involve a credit check. A lender will usually check your credit when you apply, and a hard inquiry can appear on your credit report. Ask the lender what kind of check they use before you apply.
You can get a free copy of your credit report from each of the two national credit bureaus, Equifax Canada and TransUnion Canada. Check both for mistakes, since they can hold different information.
Free, confidential help is available before you consider any paid service. A non-profit credit counsellor can talk through your options, and a licensed insolvency trustee can explain formal solutions such as a consumer proposal. It's worth doing that first.
Complain to the firm first. If you're not happy with the answer, you can contact the Financial Consumer Agency of Canada, the regulator for federally regulated banks, or your provincial regulator, and the Ombudsman for Banking Services and Investments handles complaints about many banks. These services are free to use.
What you're trying to do, a rough idea of your income and any debts, and your postal code. If you don't have everything, send the request anyway.
No to both. A verified professional contacts you, and Namoye is free for you.
Namoye is a free matching service. It is not a lender, broker or adviser, and it doesn't give financial advice or make credit decisions. Any offer comes from the firm that contacts you. Check that a mortgage broker or lender is licensed or registered with your provincial regulator before you share personal or financial details. If you are struggling with debt, free help is available from a non-profit credit counsellor or the Financial Consumer Agency of Canada.
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