DLC BLOG 7 Sure-Fire Ways to Grow Your Credit Score Have you ever wished for a simplified guide on how to actually GROW your credit score? Well today is your lucky day! We have had years of experience working with individuals who come to us with poor or damaged credit and we have found 7 […]

DLC BLOG 5 GREAT Reasons To Provide a 20% Down Payment when Buying a Home There are many challenges that come into play when you’re in the market to buy a home. Buyers say the number one obstacle to home ownership is saving enough for a down payment, the amount that the buyer provides toward […]

Dr. Sherry Cooper – Chief Economist, Dominion Lending Centres Canada’s Jobless Rate Returned to a Four-Decade Low in July Statistics Canada announced this morning that employment increased in July and the jobless rate fell .2 percentage points to 5.8%–returning to its lowest level since the 1970s posted earlier this year. The economy added a stronger-than-expected […]

DLC BLOG A tailor-made solution for some borrowers Recently, two of my lenders came out with new products – Interest only mortgages. We have had these available from private lenders for many years but at much higher interest rates. They are useful for real estate investors and people who have consolidated debts and need six […]

DLC BLOG Want to buy rural property? 6 Things to know before you buy Living in the country has extreme appeal for some people. Space, peace and quiet, big home, big yard, place to raise your family… the list goes on. If you are considering buying a rural home, there are a number of things […]

DLC BLOG The 3 Steps that take you from Pre-Approval to Your New Home Picture this: You’ve finally been able to put away enough for a down-payment on your dream home. It’s taken you five years of diligent saving, but you did it! You have also been diligently working on improving your credit score and […]

DLC BLOG What Is a Monoline Lender? What usually follows once someone hears the term “Monoline Lender” for the first time is a feeling of suspicion and lack of trust. It’s understandable, I mean why is this “bank” you’ve never heard of willing to loan you money when you’ve never banked with them before? In […]

Dr. Sherry Cooper – Chief Economist, Dominion Lending Centres Vancouver Housing Activity Weakens as Toronto Rebounds in July Metro Vancouver The Real Estate Board of Greater Vancouver (REBGV) reported this week that July’s residential housing sales in Metro Vancouver* skidded to their lowest level for that month in 18 years. Residential property sales in the […]

DLC BLOG 4 Key Things You Need To Know About A Second Mortgage Many homeowners are vaguely aware of the fact that you can take out a second loan on your home. You hear your friends mention it or perhaps a family member close to you has gone through the process—but do you truly know […]

DLC BLOG CMHC Changes to Assist Self-Employed Borrowers As a self-employed person myself, I was happy to hear that CMHC is willing to make some changes that will make it easier for us to qualify for a mortgage. In an announcement on July 19, 2018, the CMHC has said “Self-employed Canadians represent a significant part […]