Studies show that nearly six out of ten women in Canada are living on their own by time they are 85. In addition, women generally outlive men by an average of six years. If you have adequate life insurance coverage, dependents will be able to continue their lives and standard of living. That way they only have to deal with grief of your passing, instead of any financial burdens incurred by it.

Women need life insurance protection to ensure that whoever survives them will be provided with available capital. Term life insurance has always been one of most cost-effective ways for both men and women to protect their loved ones. Compare term life insurance rates and policies today and see how affordable peace of mind can be.

Once you have these figures entered into program, you are likely to receive a graphical representation of your results. You should receive a chart or graph outlining amount that you could borrow at 80%, 90%, 100% and 125%, and your estimated monthly payment. It may also include a sample of your amortization schedule, so that you can see how much of your monthly payment is going toward principal at any given point during loan. The graph may also show how much you could borrow if you value of your home was more or less than your appraised value. This can be useful if you are using a ballpark figure or plan to make some improvements to home in near future.

The first step in obtaining a home equity loan should be researching your options. A home equity loan calculator is an excellent tool to compare and contrast different loan products and determine how much you will have to pay each month.