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 […]

DLC BLOG Refinances, Renewals & Transfers After you have purchased your new home, closed on your new mortgage, and are all moved in, what comes next? Well, when it comes to your mortgage, the next step is to either refinance, renew, or transfer your mortgage. This decision can be made one month into your new […]

DLC BLOG 5 Reasons why every realtor needs a mortgage broker at their open houses Realtor Safety – While we do not have the safety issues that realtors experience south of the border, there have been incidents involving female realtors being assaulted or feeling uncomfortable being alone with strangers walking around the house. Property Safety […]

DLC BLOG Porting a Mortgage? Porting a mortgage is something similar to transferring a mortgage. Transfers are when you move your current mortgage to a different lender in order to take advantage of different interest rates or mortgage products. Porting a mortgage is when you keep your lender, but move your mortgage to a different […]

DLC BLOG Remodeling Your Home This Summer Remodeling Your Home This Summer. With most of the summer still ahead, it seems like the best time for rest and relaxation. Or… it could mean the perfect opportunity to make those changes around the house that they have been waiting to do since the Spring! A renovation […]

DLC BLOG Rising Interest Rates and the Impact on Real Estate Values Rising Interest Rates and the Impact on Real Estate Values. Is there a direct connection? In a post entitled Interest Rates and Property Values. What’s the Connection?, I suggested that there was. An example was given which suggested that mortgage lenders would be […]