Each Office Independently Owned & Operated
Posted by: Darick Battaglia
Debt Service Ability. A renewed lender focus it seems. As interest rates firm, valuations are impacted, and cap rates begin to firm. What about Debt Service Ability? It is becoming more apparent that property income, and more specifically net operating income available to service debt, has a significant and growing influence on the amount of […]
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The purchase price you negotiate when buying or selling a home is just one part of the total cost for buying a home. In addition to the purchase price there are several other fees – known as closing costs – all of which you need to factor in to your purchase price. Closing costs tend […]
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Before you buy a home there are a couple things you need to figure out first. One of the very first decisions you need to make is whether you want to work with a mortgage broker who is independent from the bank, or if you prefer, work with a financial representative from a specific bank. […]
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The following is an excerpt from the July issue of Our House Magazine. Chatting with Sebastian Clovis about home renovations, it’s impossible to miss his enthusiasm. He’s splitting a downtown Toronto single-family home into a duplex. It may not sound like the most stimulating project, but for Clovis this is his element. He quickly rattles […]
Read MorePosted by: Darick Battaglia
The following is an excerpt from the July issue of Our House Magazine. Chatting with Sebastian Clovis about home renovations, it’s impossible to miss his enthusiasm. He’s splitting a downtown Toronto single-family home into a duplex. It may not sound like the most stimulating project, but for Clovis this is his element. He quickly rattles […]
Read MorePosted by: Darick Battaglia
As I’ve said many times, one of the single greatest determining factors in whether you can become qualified for a mortgage and the interest rate at which you do, is your credit history. Many people unfortunately don’t know this, and can be completely blind-sided when it comes time to qualifying. However, the truly unsettling idea […]
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The Dolejsi family needed more than just the purchase price of their new home. Their DLC broker made it easier for them to ask the “dumb questions.” Lindsay Dolejsi and her family are finally getting settled into their forever home. The three-bedroom, 2,000 square foot townhouse in south Surrey, B.C., is the perfect place for […]
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You may have heard that rates are changing, and that is true. They don’t call it war for nothing and you need an expert by your side! Think of mortgage brokers as your loyal soldiers. What we are seeing is exactly what we anticipated when prime rate goes up and discounts go down. Confused? Don’t […]
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Iseela Ibrahimi wanted wow. The successful Dominion Lending Centres mortgage broker had purchased numerous homes in the past, but she wanted her latest home in Caledon, Ont. to be something special. Ibrahimi bought the brand new 4,500 square-foot home in 2014, but quickly had her heart set on a major renovation. “I knew the end […]
Read MorePosted by: Darick Battaglia
So, you found your dream home, negotiated a fair price which was accepted. You supplied all the needed documentation to your mortgage broker and you are waiting for the day that you go to the lawyer’s to sign the final paperwork and pick up the keys. All of a sudden your broker or the lawyer […]
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