www.reversemortgagepros.ca/reverse-mortgage-secrets/ Free Guide Reveals: The Inside Reverse Mortgage Secrets Learn the inside facts about a reverse mortgage that you won't find anywhere else. Get everything you need to know before making your decision.
dominionlending.ca/news/canadian-economy-hits-major-speed-bump-last-quarter/ Canadian Economy Hits Major Speed Bump Last Quarter According to data released this morning by Statistics Canada, the Canadian economy declined at a 1.6% annual pace in the second quarter, the largest quarterly decline since the global financial crisis in Q2 2009. In comparison, the U.S. economy grew at a 1.1% annual rate last quarter, more sluggish than expected earlier this year. The Read More The post Canadian Economy Hits Major Speed Bump Last Quarter appeared first on Dominion Lending Centres.
A short time ago Canada Mortgage and Housing Corporation (CMHC) changed the rules on how much down payment buyers have to have in place to buy a home worth more than $500,000. The new rules stated that you have to have 5% on the first $500,000 and 10% on the remaining balance up to $999,999. Read More
dominionlending.ca/news/new-mortgage-rules-impact/ New Mortgage Rules and Their Impact A short time ago Canada Mortgage and Housing Corporation (CMHC) changed the rules on how much down payment buyers have to have in place to buy a home worth more than $500,000. The new rules stated that you have to have 5% on the first $500,000 and 10% on the remaining balance up to $999,999. Read More The post New Mortgage Rules and Their Impact appeared first on Dominion Lending Centres.
A short time ago CMHC changed the rules on how much down payment buyers have to have in place to buy a home worth more than $500,000. The new rules stated that you have to have 5% on the first $500,000 and 10% on the remaining balance up to $999,999. After that point they require Read More
dominionlending.ca/news/blog-posts/new-mortgage-rules-impact/ New Mortgage Rules and Their Impact A short time ago CMHC changed the rules on how much down payment buyers have to have in place to buy a home worth more than $500,000. The new rules stated that you have to have 5% on the first $500,000 and 10% on the remaining balance up to $999,999. After that point they require Read More The post New Mortgage Rules and Their Impact appeared first on Dominion Lending Centres.
dominionlending.ca/news/what-does-it-mean-to-be-canadian/ What Does It Mean To Be Canadian? I have asked this question quietly to myself more than once over the years. ***For a post on the nuts & bolts of the new BC 15% foreign tax legislation click here – this post is specifically about the unbelievable way in which we are implementing it. A few points about me, for perspective: I am Read More The post What Does It Mean To Be Canadian? appeared first on Dominion Lending Centres.
dominionlending.ca/news/blog-posts/recommend-title-insurance/ Why I Recommend Title Insurance As a Dominion Lending Centres mortgage broker, I often see in the lender’s conditions sheet a request for the lawyer to obtain title insurance. We all know that this is a measure to protect the lender and to allow for the deal to proceed if there is a delay with the title or the other Read More The post Why I Recommend Title Insurance appeared first on Dominion Lending Centres.
When you purchase a property, you may be a little overwhelmed by all the insurance offers related to purchasing a new property that come your way. Mortgage Insurance, Condo Insurance, Mortgage Default Insurance, Earthquake Insurance; the list goes on and on. It can be confusing and it is important to know what insurance covers what. For Read More
dominionlending.ca/news/blog-posts/what-is-mortgage-insurance/ What Is Mortgage Insurance? When you purchase a property, you may be a little overwhelmed by all the insurance offers related to purchasing a new property that come your way. Mortgage Insurance, Condo Insurance, Mortgage Default Insurance, Earthquake Insurance; the list goes on and on. It can be confusing and it is important to know what insurance covers what. For Read More The post What Is Mortgage Insurance? appeared first on Dominion Lending Centres.
When considering buying your first home, I am sure you will have many questions. I hope to give you some insight to what lenders are most importantly looking for when qualifying for a mortgage. 1. What’s the best rate I can get? The rate that you receive depends on a number of things. I get a Read More
dominionlending.ca/news/10-likely-mortgage-questions-buying-first-home/ 10 Likely Mortgage Questions When Buying Your First Home When considering buying your first home, I am sure you will have many questions. I hope to give you some insight to what lenders are most importantly looking for when qualifying for a mortgage. 1. What’s the best rate I can get? The rate that you receive depends on a number of things. I get a Read More The post 10 Likely Mortgage Questions When Buying Your First Home appeared first on Dominion Lending Centres.
dominionlending.ca/news/children-aging-parents/ To the Children of Aging Parents Are you an adult with an aging parent(s) and are you concerned about your parents’ ability to remain financially independent? Today, Canadian adults have many responsibilities, including the concern for their children’s well-being, as well as their parents’ quality of life and their debt. As life expectancy rises for the senior demographic, there is a Read More The post To the Children of Aging Parents appeared first on Dominion Lending Centres.
In the News: 15% Property Transfer (bonus) Tax for Foreign Buyers in B.C. Short Version “Good intentions can often lead to unintended consequences” – Tim Walberg As Canadians we no longer appear to be a people that keeps our word. Review the official policy here. Long Version The BC government is increasing the PTT by a Read More
dominionlending.ca/news/slap-face-canadians/ A Slap In The Face… For Canadian’s Too In the News: 15% Property Transfer (bonus) Tax for Foreign Buyers in B.C. Short Version “Good intentions can often lead to unintended consequences” – Tim Walberg As Canadians we no longer appear to be a people that keeps our word. Review the official policy here. Long Version The BC government is increasing the PTT by a Read More The post A Slap In The Face… For Canadian’s Too appeared first on Dominion Lending Centres.
dominionlending.ca/news/year-private-lender/ The Year of the Private Lender Sometimes we forget what great tools we have from our Private Mortgage Lenders. 1. Construction mortgages for the smaller home builder, loans based on each property or blanket several and payout the mortgages as they sell. 2. Are you a builder already and have standing inventory that you d like to take some money out of Read More The post The Year of the Private Lender appeared first on Dominion Lending Centres.
Another woeful jobs report in Canada for the month of July triggers further pessimism. Following three consecutive months of stagnant employment, payrolls fell by a much-worse-than-expected 31,000 in July as the unemployment rate increased 0.1 percentage point to 6.9 percent. Gloomily, all of the loss was in full-time employment, which fell by 71,000 from June Read More
dominionlending.ca/news/july-employment-great-u-s-terrible-canada/ July Employment Great in U.S., Terrible in Canada Another woeful jobs report in Canada for the month of July triggers further pessimism. Following three consecutive months of stagnant employment, payrolls fell by a much-worse-than-expected 31,000 in July as the unemployment rate increased 0.1 percentage point to 6.9 percent. Gloomily, all of the loss was in full-time employment, which fell by 71,000 from June Read More The post July Employment Great in U.S., Terrible in Canada appeared first on Dominion Lending Centres.
So you’ve graduated from high school and off to university or college. Before you start, take the time to set down some goals and a budget for your financial future as a post secondary student. Your parents have probably been telling you to put aside some money from your part time job into savings. However, Read More
dominionlending.ca/news/financial-future-post-secondary-student/ Your Financial Future As a Post Secondary Student So you’ve graduated from high school and off to university or college. Before you start, take the time to set down some goals and a budget for your financial future as a post secondary student. Your parents have probably been telling you to put aside some money from your part time job into savings. However, Read More The post Your Financial Future As a Post Secondary Student appeared first on Dominion Lending Centres.
dominionlending.ca/news/fixed-vs-variable-rate-mortgage-whats-better-choice/ Fixed vs Variable Rate Mortgage – What’s the Better Choice and Why? In today s market, variable and fixed rates are not too far apart. This makes most people think that the fixed rate is the way to go as it’s often viewed as the safest option. Many believe that variable rate mortgages are for the daring and at any time your rate could double leaving you high Read More The post Fixed vs Variable Rate Mortgage What’s the Better Choice and Why? appeared first on Dominion Lending Centres.
dominionlending.ca/news/another-example-mortgages-not-created-equally-will-cost/ Another Example of How All Mortgages Are Not Created Equally and It Will Cost YOU! When I meet with my clients, I explain that I believe my role is to get them the mortgage that fits their goals and plans, while saving them the most amount of money over the lifetime of their mortgage. This takes into consideration what you might be offered at renewal time by the lender or Read More The post Another Example of How All Mortgages Are Not Created Equally and It Will Cost YOU! appeared first on Dominion Lending Centres.
Knowledge is power! With education comes limitless possibilities. Are our kids learning the essentials in life? Are they being empowered to make life-changing decisions when they enter into the real world of economics? The education that most kids in senior secondary school receive these days focuses on biology, math, physics, chemistry, English, physical education, social Read More
dominionlending.ca/news/the-power-of-education/ The Power of Education Knowledge is power! With education comes limitless possibilities. Are our kids learning the essentials in life? Are they being empowered to make life-changing decisions when they enter into the real world of economics? The education that most kids in senior secondary school receive these days focuses on biology, math, physics, chemistry, English, physical education, social Read More The post The Power of Education appeared first on Dominion Lending Centres.
dominionlending.ca/news/economic-data-better-headline-figures-suggest/ Economic Data Better Than Headline Figures Suggest On a hot summer Friday morning, Canadian and U.S. data gatherers posted GDP figures. The numbers look pretty bad and both countries, but fortunately, digging deeper, they were not as bad as at first glance. Canadian GDP Data The May figure for Canadian Gross Domestic Product by Industry posted a decline of 0.6 percent, but Read More The post Economic Data Better Than Headline Figures Suggest appeared first on Dominion Lending Centres.
The level of documentation required for the average mortgage these days can be very frustrating. It can seem endless, very nitpicky and annoying because we are able to purchase a vehicle with just a paystub. There are a few reasons for the increased documentation requirements. The first is that the banks are mandated by the Read More
dominionlending.ca/news/acceptable-payment-sources/ Acceptable Down Payment Sources The level of documentation required for the average mortgage these days can be very frustrating. It can seem endless, very nitpicky and annoying because we are able to purchase a vehicle with just a paystub. There are a few reasons for the increased documentation requirements. The first is that the banks are mandated by the Read More The post Acceptable Down Payment Sources appeared first on Dominion Lending Centres.