DLC BLOG All About Pre-Approvals Are you in the market for a new home? That’s great – but if you’re not already pre-approved from your mortgage broker, be sure to read on. Pre-approvals are very important for two reasons. They give you confidence in knowing that a specific amount of financing is available for you. […]

DLC BLOG Mortgage Protection Plan Insurance coverage is something that everyone is “pitched” at some point or another in their life. Unfortunately, a lot of us have a negative attitude towards insurance or warranty as it is perceived as being a cash grab. Yes, if you are purchasing a flat screen T.V., that extra 2-year […]

DLC BLOG Is your Line of Credit Killing your Mortgage Application? Some of the last round of changes from the government regarding qualifying for a mortgage were that if you have a balance on your unsecured line of credit, then to qualify for mortgage the lenders require that we use a 3% payment of the […]

DLC BLOG 5 Tips on how to get out of debt and into your own home 5 Tips on how to get out of debt and into your own home. To get out of debt, you need a plan, and you need to execute that plan. That’s why I’ve created this simple, five-step, get-out-of-debt checklist […]

DLC BLOG The Right Kind of Debt The Right Kind of Debt. Put yourself in a bank or lender’s shoes. Someone comes into your branch and asks you to politely loan them $300,000. You are a big bank, but $300,000 is still a lot of money. How do you ensure this person is going to […]

DLC BLOG 7 Questions to Help You Decide if You Should Pursue a HELOC, Refinance or Second Mortgage HELOC, Refinance or Second/Third Mortgages? Which one should you choose to go with? If you have decided to tap into the equity in your home, the three can seem to be interchangeable at times and for many […]

DLC BLOG Debt Service Ability. A renewed lender focus Debt Service Ability. A renewed lender focusDebt Service Ability. A renewed lender focus it seems. As interest rates firm, valuations are impacted, and cap rates begin to firm. What about Debt Service Ability? It is becoming more apparent that property income, and more specifically net operating […]

DLC BLOG Don’t Forget the Closing Costs When You Purchase a Home Don’t Forget the Closing Costs When You Purchase a HomeThe purchase price you negotiate when buying or selling a home is just one part of the total cost for buying a home. In addition to the purchase price there are several other fees […]

DLC BLOG Reverse Mortgage – Common Uses Reverse Mortgage – Common UsesHere is the final blog in the REVERSE MORTGAGE series. If you missed the first two, you read them here and here: Eliminate mortgage payment – Retired, or wanting to retire, but still have a mortgage and mortgage payment to make? Use a reverse […]

Dr. Sherry Cooper – Chief Economist, Dominion Lending Centres The Spring Housing Market Continues To Be Weak As we said last month, April is usually the start of a spring housing market ramp-up, but this year the new mortgage stress test and rising mortgage rates have continued to be a negative factor. Those expecting an […]