DLC BLOG Reverse Mortgage – Need to Know HomeEquity Bank is the only bank in Canada that currently offers the CHIP Reverse Mortgage as well as a secondary product, Income Advantage. These two products are options for homeowners unlike anything else out there. Instead of borrowing money to purchase a house, they will lend you […]

DLC BLOG Buying a home as a new Canadian Canada is made up of hundreds of thousands of people, and while some did not start here, they have made it their home. Buying a home, especially when you are new to Canada can be mind boggling, BUT, we have a mortgage for you! The New […]

DLC BLOG Toys and buying a home In 2005, I was asked to do a pre-approval by a couple hoping to buy a home. I went through the application with them and pre-approved them for $320,000. They were astounded. They told me that their bank told them that they were qualified to a maximum of […]

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 […]