With USA Mortgage Help Desk, as a DLC mortgage agent you are in the very unique position to help your client obtain financing secured on a property in the USA. Even if your client was to look up the very same lender themselves, they would be required to set up a formal bank account PRIOR […]

Not all Variable Mortgages are created equal. Here are some terms that I have found to fluctuate from lender to lender: Will they set the payment at the actual discounted rate or a higher rate to compensate for fluctuations in Prime? Will they allow you to break the mortgage with a standard 3 month interest […]

Looking to add more value to your website. click here to find templated links that can be easily added to your website. http://darick.ca/link-to There are 7 Dominion Lending Centres templates to choose from. Each one will lead your clients to our award winning informative mortgage website where they will find current rates, webinars, historical data, […]

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 few decades. 1957 6.85% 1958 6.80% 1959 6.98% 1960 7.18% 1961 7.00% 1962 […]

We’re Changing the Way You Think About Banking CFF Bank is a 100% Canadian owned Schedule I bank and a member of Canada Deposit Insurance Corporation (CDIC). Building on its strengths in mortgages, CFF Bank is developing a full suite of personal banking products, delivering superb service and solutions through top financial professionals in local […]

15YearLookAtRates.jpg

Starting in 2010, lenders had to ensure that borrowers getting variable or 1- to 4-year fixed mortgages could afford payments at the 5-year posted rate. That rule applied to mortgages with less than 20% equity. In 2012, OSFI asked federally regulated lenders to apply the same rule to all variable and 1- to 4-year fixed […]

According to the Financial Post Core Inflation Inflation last year averaged 0.9% through November, the slowest since the 2009 recession, falling to as low as 0.4% and never surpassing 1.3%. Core inflation, which excludes eight volatile components and is monitored closely by the bank as a gauge of inflationary pressures, averaged 1.2% last year and […]

Consolidate your debts and Mortgage into one low payment that will free up cash flow to invest or pay down debt faster. This program is also eligible for the Free IPAD promotion. Here is an example of the savings and how it works: PAYMENT TYPE AMOUNT MONTHLY PAYMENTS Existing Mortgage @ 3.95% $ 175,000.00   […]

Equifax VS Transunion. Whats the Difference? Equifax and Transunion are the 2 credit reporting agencies in Canada, used by lenders to assist with the qualifications of your new mortgage. Equifax is the most common to be used by lenders, when looking to grant credit. When a person is trying to get approved for a mortgage […]