Of the 10% of Canadians who refinanced their mortgages last year, 62% cited debt consolidation or repayment as the main reason for their refinance. This is because consolidating high interest debt – like credit card balances and auto loans – into a low interest mortgage can save you thousands in interest payments. Mortgage loans come […]

Looking for the Best Mortgage Rate and Term. Look no farther than the 2.49% 3 year fixed rate. Statistics show that most consumers break to refinance or to buy a new home by the third year of their mortgage term costing them thousands in ridiculous and scandalous mortgage penalties. This mortgage is portable and assumable, […]

A first-time home buyer owes $5,000 to the Canada Revenue Agency after withdrawing her retirement savings for a condo down payment. Her story provides an example of what not to do when taking advantage of a government-sponsored tax shelter program. Susan (not her real name) realizes she didn’t take enough precautions when closing a real […]

I believe the statements below are true. You are highly advised to consult with a lawyer to either confirm or dispute the statements. This was written to help assist the problem that exists along the shoreline of Tiny Township regarding beach ownership and use and was not meant to create harm to anyone. I would […]

Now’s a great time to get a mortgage thanks to historically low rates. As you can see from the historical data below, today’s average mortgage rates are lower than they were in the 50s! Although rate isn’t the only important aspect of a mortgage, it’s interesting to see how rates have fluctuated over the past […]

any experts believed that the real estate market was cooling. But as the spring buying season begins, it’s clear that’s not true. Housing Housing prices: What does $400,000 buy you? According to the Canadian Real Estate Association, the national average price for a home in March was $401,419, an increase of six per cent in […]

Landlords and tenants need to co-operate when selling a home There is lots of confusion as to the rights of landlords and tenants in Ontario when a home is put up for sale. Landlords are trying to bully tenants into leaving and tenants are refusing to permit potential buyers to see the home. Here are […]

How to Put a Fraud Alert on Your Credit Report You just discovered a charge on your card that you are certain you did not—nor ever would—authorize. You may well be—or about to be—the victim of fraud. If you suspect this is the case, you would be wise to place a fraud alert on your […]

Since home refinancing has been limited to a maximum 80% of the value of your home, an increasing number of buyers are looking at Purchase Plus Improvements products to meet their home financing needs. This may be an option worth examining if you would like to buy a new home that needs updating. Whether you’re […]

Tips for Buying a Second Home or Vacation Property Vacation Homes/Cottages/Second Homes At Dominion Lending Centres Barrie, we know that today’s busy lifestyle requires more home ownership options – whether it’s a second home in the city to reduce that weekly commute, or a cottage at the lake for weekend getaways. With our Vacation/Second Home […]