In December, Mortgage Professionals Canada released its annual state of the housing market report and found that in 2015, 36% of homeowners took actions to reduce their mortgage debt. While many homeowners think in terms of lump-sum payments, which are a great option, there are other ways to save money and pay down that debt […]

Most of us that have a mortgage would like nothing more than to have our mortgage paid off. Being mortgage free is an achievable goal. But it is important to think through the process so that you utilize your money the best way possible. You may be surprised what conclusions you draw if you thoroughly […]

As the price of real estate in many areas of the Canadian market continues to rise, first-time buyers can find it increasingly challenging to find a house that fits their family. Growing families already in their own houses are also feeling the pinch – outgrowing their present home and anxious to find living space that […]

Shopping for a new home can be fun and exciting, but there are many details that contribute to a property’s marketability. Mortgages that have the lowest total cost are reserved for the most marketable properties that are in prime locations as per the lender’s criteria. Please remember that a mortgage professional can never advise a […]

It is a frenzy out there. Home sales keep smashing previous records – Greater Vancouver MLS sales for May were up 32 percent year over year, and Fraser Valley sales were up 48 percent. Properties sell in hours, with multiple offers, often ‘Subject-Free‘. One might think that it must be amazing to be a Realtor […]

It is a frenzy out there. Home sales keep smashing previous records – Greater Vancouver MLS sales for May were up 32 percent year over year, and Fraser Valley sales were up 48 percent. Properties sell in hours, with multiple offers, often ‘Subject-Free‘. One might think that it must be amazing to be a Realtor […]

Despite what you may see on TV, hear on the radio, or read online, there is strong evidence that although Canadian household debt is at an all-time record high, Canadians are doing just fine financially. How can that be? Canadians are a whopping 1.8 TRILLION DOLLARS in debt – and that is exactly what the media focuses on. What […]

A lot can change in a year when it comes to mortgages. These changes can provide great opportunities for mortgagees to refinance their mortgage at the time of renewal in order to save money. Unfortunately, most people are under the impression that once they sign on the dotted line they are locked into their mortgage […]

More often than not, as a Dominion Lending Centres mortgage broker, I come across clients who may not yet know, understand or simply forget about all of the costs incurred in purchasing a home. Closing costs are something you should be made aware of by your Mortgage Broker as well as your carrying costs once […]

Following are just a few rules and considerations. It looks like a long list of things that could be potentially serious problems, but I assure you the full list is far longer. This is just the tip of the iceberg… an iceberg that more than a few people are heading towards or have hit. Following […]