While people often think of mortgage brokers when they are first time home buyers, we can help people in a variety of different ways. Recently Garrett LaBarre of Calvert Home Mortgages in Calgary shared a success story with brokers. He had a client referred to him by a mortgage broker who had a conundrum. She […]

The Canadian Bankers Association report on mortgage delinquency shows that Saskatchewan has the highest per capita of all the provinces. The national average shows that .24% of homeowners are having difficulty paying their mortgage. Saskatchewan is more than triple that at .80% with next in line Atlantic Canada at .51% and then Alberta at .46%. At first […]

One of the top questions we get asked: Should I pay down my mortgage as fast as possible? In theory, this makes sense. The faster you pay it down, the faster you get out of debt, right? For many people, that is the case and it does make sense oftentimes to take this route. After […]

Refinancing a Home is one of those things where people understand what it is but have trouble explaining how it works. To put it simply, refinancing your Home allows you to access the equity you have built up, by changing the mortgage amount. Let’s say you bought a $300,000 condo and you paid 20% ($60,000) […]

First thing I would like to say about home insurance- this is not what we specialize in. We are experts when it comes to brokering mortgages, not determining what type of home insurance would be best suited for you. That being said, there are 3 key topics we would like people to be aware of […]

Reverse mortgages are continuing to grow as a retirement solution for Canadians 55+. Homeowners 55+ are unlocking their home equity for tax-free funds that improve their cash flow and pay-off higher interest loans. Consider your own financial needs. Do any of these 5 common scenarios sound familiar? 1) You have missed a payment/made a late […]

Buying a home is more difficult now than ever—and this is not news to anyone! No matter where you live, the recent stress testing measures, an increase in housing prices in major cities, and a continued increase in the cost of living all combine to make home ownership a daunting task. But we do want […]

Technology is already playing a huge role in the mortgage industry. In the past, mortgage applications had to be physically taken by hand and faxed in (what’s fax anyways?!)… It may soon be possible, with technology’s help, for borrowers to be able to fill out their own application and send it, along with all supporting […]

Many people do not realize that Dominion Lending Centres mortgage professionals can help you with your credit and get you to a point where you will qualify for a mortgage. We have been doing this for years. New to Canada or Just Graduated – both of these groups of people have the same problem. They have […]

There are many different ways a borrower can qualify for a mortgage when it comes to their income. One of the most common ways is known as income qualified. All of the following methods of employment income are under the income qualified umbrella: Annual salary income employees Full-time employees working guaranteed weekly hours Part-time employees […]