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Réseau FADOQ est le plus important regroupement de personnes de 50 ans et plus de la province et la référence en matière de qualité de vie des aînés québécois. En savoir plus

Pour connaître les produits et les offres dans votre région, veuillez indiquer votre langue et votre secteur.

It is the largest group of people aged 50 and over in the province and the benchmark for the quality of life of Quebec seniors. More info

To find out about products and offers in your area, please indicate your language and sector.

Pour connaître les produits et les offres dans votre région, veuillez indiquer votre secteur.

To know the products and offers in your region, please indicate your sector.

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ou|or Trouver ma région par code postal|Find your region by postal code

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ou|or Choisissez votre région|Select your region in a list

Désolé, aucune région n'a été trouvée pour le code postal demandé. Veuillez essayer avec un autre code postal ou faire le choix de votre région manuellement.|Sorry, no region was found for the requested postal code. Please try with a different postal code or choose your region manually.

Close X

Réseau FADOQ est le plus important regroupement de personnes de 50 ans et plus de la province et la référence en matière de qualité de vie des aînés québécois. En savoir plus

Pour connaître les produits et les offres dans votre région, veuillez indiquer votre langue et votre secteur.

It is the largest group of people aged 50 and over in the province and the benchmark for the quality of life of Quebec seniors. More info

To find out about products and offers in your area, please indicate your language and sector.

Pour connaître les produits et les offres dans votre région, veuillez indiquer votre secteur.

To know the products and offers in your region, please indicate your sector.

Choisissez votre langue|Choose your language

Choisissez votre région|Choose your region

ou|or Trouver ma région par code postal|Find your region by postal code

Trouver ma région par code postal|Find your region by postal code

ou|or Choisissez votre région|Select your region in a list

Désolé, aucune région n'a été trouvée pour le code postal demandé. Veuillez essayer avec un autre code postal ou faire le choix de votre région manuellement.|Sorry, no region was found for the requested postal code. Please try with a different postal code or choose your region manually.

Did you know ?

Financing a project: where to start

Find the right financing solution for you


Which type of financing solution is right for me?
With so many financing solutions out there, it can be hard to know which to choose. From credit cards, personal loans and lines of credit to mortgages and mortgage lines of credit, it’s easy to get confused. Whether you need financing to fund an important life project or simply to prepare for the unexpected, some solutions will be better suited to your needs than others. Here are some tips to help you make the best choice for you.

WHERE SHOULD I START?
Before choosing a financing solution, ask yourself a few important questions. What are your personal goals and priorities? Do you have a special or large-scale project in mind, like major home renos (kitchen, bathroom, etc.), purchasing a second home (a country home, rental property, etc.), buying a boat or RV, or funding your grandchildren’s’ education? Make a list of the projects you need financing for and then evaluate your ability to repay it.

A financial advisor will listen to your needs and goals, and they have the expert tools and advice to help you improve your financial health. Before making a decision, meet with an advisor to get personalized advice. Together, you can establish the best financing strategy for your situation and goals.

MAKE A PLAN OF ACTION
Once your advisor understands your goals, they will take the time to build a plan of action with you, based on your current and future priorities. If your situation changes, your advisor will be there to modify your action plan and make sure you stay on track.

TIME WELL INVESTED
Discussing your goals on a regular basis with an advisor is key to your financial success. Take advantage of it!

Let’s look at an example
Louise and Peter own a house in Montreal. They’ve been dreaming of renovating their kitchen for years to update and improve their space. This foodie couple loves to entertain, and have friends and family over for dinner regularly. With retirement approaching, now’s the perfect time to bring their dream reno to life!

A mortgage line of credit is the ideal financing solution for Louise and Peter, as it would allow them to quickly and easily access their funds while enjoying a very attractive interest rate. Because the couple has already paid of most of their mortgage, this is a great opportunity to increase the value of their property. A mortgage line of credit would also give them the benefit of being able to repay the money borrowed at any time, without indemnity.

Learn more about the mortgage line of credit

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Source: Laurentian Bank