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While it’s not uncommon, and often preferred by lenders, for a guarantor to be a homeowner, it’s not essential. They could be a renter or even live with their parents. The important thing is that they can prove that they can afford to make any missed repayments. ...
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a transaction whereby property is lent or given to another on condition of return or, where the loan is of money, repayment. During the period of the loan the borrower is entitled to use the thing loaned for the purpose agreed between the parties. In a loan of money, the money lent bec...
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Provide information about yourself, including your full name, contact details and Social Insurance Number. Fill in details about your income, including how much and how often you’re paid. You’ll need to receive direct deposits for your CPP payments or have a benefits letter detailing your ...
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