8 May

SHOULD YOU PAY DOWN YOUR MORTGAGE ASAP?

General

Posted by: Derek Vandall

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 […]

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1 May

WHAT IS A MORTGAGE “REFINANCE” AND HOW DOES IT AFFECT ME?

General

Posted by: Derek Vandall

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) […]

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24 Apr

CONDO HOME INSURANCE

General

Posted by: Derek Vandall

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 […]

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17 Apr

5 WAYS YOU COULD USE A CHIP REVERSE MORTGAGE

General

Posted by: Derek Vandall

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 […]

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10 Apr

5 MORTGAGE TIPS TO HELP YOU AFFORD A HOME

General

Posted by: Derek Vandall

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 […]

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3 Apr

TECHNOLOGY IN MORTGAGES AND REAL ESTATE

General

Posted by: Derek Vandall

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 […]

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27 Mar

WE CAN FIX YOUR CREDIT PROBLEMS

General

Posted by: Derek Vandall

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 […]

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20 Mar

INCOME QUALIFIED

General

Posted by: Derek Vandall

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 […]

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13 Mar

A BANK THAT MAY NOT BE FAMILIAR TO YOU

General

Posted by: Derek Vandall

Quiz time! Who is the largest non-bank mortgage originator in Canada with over $100 billion dollars in mortgages under administration? Answer – First National Financial Corporation. If you’ve never heard of them before, don’t feel bad. The only way to get a First National mortgage is through the broker channel. They do not have any […]

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6 Mar

4 HOME IMPROVEMENTS THAT WILL PAY YOU BACK

General

Posted by: Derek Vandall

Some home improvements provide more of a payback when you sell the house down the road. Here’s a list of the four home improvements which will provide the biggest payback when you sell.  Adding square footage – while this can be a very expensive project, adding to the size of a house can re-coup between […]

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