Lending basics

Couple Meeting with Financial Advisor

At some stage in life, most people will need to look into lending products to meet their goals, whether it’s a mortgage, personal loan to pay off debt, or a line of credit to pay for home renovations. The process of determining the right lending product for you and going through the application process may feel daunting, but working with a Cambrian Financial Services Officer will help you get the information you need to make an informed decision about the product that’s right for you.

“Depending on each individual’s circumstances, different products fit best for different people,” says Charlene Spakowski, Financial Services Officer at Cambrian Credit Union. “Some of our most popular products include multi-purpose mortgages, and the various products secured under mortgages, such as mortgage-secured lines of credit, but personal loans and general lines of credit are also popular and a good fit for many people,” Spakowski says.

Spakowski likes to meet with individuals and work through the application process with them, if possible. “When I sit down with someone, I can really get a feel for what their needs are and help guide them to the product that is best suited to their individual circumstances,” she says. If you’re looking to get more information about the lending products that are best for you, she recommends giving your local branch a call and making an appointment with an FSO. If that is not possible, you can also speak with an FSO over the phone and follow up with an online application through the Cambrian website. “Speaking with an FSO, either in person or over the phone allows us to give them information about the products available to them and recommend a lending product that works for them,” she says.

Click here to find your nearest branch in order to make an appointment to speak with an FSO about your lending options.