REFINANCING IN 2018 Recently there were changes to the mortgage rules yet again, and one of the rule changes was regarding refinancing your home. At one point in the last 10 years you could refinance your home all the way back up to 95% of its current value, which in many cases has put that […]

Our own Pauline Tomkin discusses what you need to know before your mortgage renews. IT is really important to do your due diligence to ensure you are in fact getting the best rate and terms for your personal situation. A 2nd opinion could save you $1000s of dollars in unnecessary interest and fees. Enjoy the […]

Our Ryan Oake explains to be more conscious about your down payment in the blog below. I would like to add that it is very important to review your retirement plan at the same time as your mortgage application. It is key to make sure that the amount of the down payment you do choose […]

Getting a commercial mortgage is a tricky business to begin with. Commercial Mortgage Brokers, do not have any magic wants when it comes to commercial mortgages. We do however have access to alternative lenders. Please read below our DLC Colleague’s blog. Need A Commercial Mortgage? If you’re an entrepreneur, business person or commercial investor then […]

TIPS FOR YOUR VARIABLE RATE MORTGAGE THAT COULD SAVE YOU THOUSANDS With changes to mortgage rules and interest rates on the rise here are some tips for your variable rate mortgage that could save you thousands. Since 2009 the prime lending rate has shifted from a high of 6% down to 2% range remaining fairly […]

In 2008, the Federal Government started making some changes to how mortgage applications are approved in Canada. I think it important to recap some of these changes. Prior to the first rule change: – No down payment required – finance 100% – Maximum amortization was 40 years. – Refinance up to 95% the value of […]

Fixed Interest Rates This is usually the more popular choice for clients when it comes to deciding on which type of interest rate they want. There are many reasons why, but the most unsurprising answer is always safety. With a fixed interest rate, you know exactly what you are paying every month and you know […]

Collateral Mortgage Charges – The Facts As the financing world changes with tighter policies, new regulations and tougher qualifications, I feel it is very important to revisit some information surrounding Collateral Mortgage Charges. A collateral mortgage charge according to The Financial Consumer Agency of Canada website is; Collateral charge A collateral charge can be used […]

If you have mortgage & real estate questions, we have the answers. Join us November 22nd for a very informative information session about your real estate and home financing options. Please follow the link to register. https://dominionlending.worldsecuresystems.com/first-time-home-buyers

Here we are again on the brink of more mortgage rule changes. Federal regime after federal regime has been tightening our mortgage rules for about 10 years. Granted, it is worth noting that previous mortgage qualification rules were arguably loosey-goosey and some prudent changes were necessary. Now they are becoming almost impossible and some may […]