DLC BLOG 6 Reasons To Get A Home Inspection Before You Buy In an active housing market sometimes buyers are urged by their realtors to make an offer with no conditions. As a mortgage broker this always makes my heart skip a beat. I know from experience that financing can go sideways and you need […]

DLC BLOG Foreclosure Not Automatic on Default According to a recent case tried in the Court of Appeal for Ontario, Winters v Hunking, 2017 ONCA 909 as summarized by Scott McGrath of WeirFoulds LLP, Foreclosure is not automatic on default. In an interesting article posted December 8, 2017 in Mondaq, Scott McGrath reminds us that the […]

DLC BLOG RRSP – Use home buyers’ plan (HBP) more than once Under the home buyers’ plan, a participant and his or her spouse or common- law partner is allowed to withdraw up to $25,000 from his or her RRSP to buy a home. Before 1999, only the first- time home buyers are permitted to buy […]

DLC BLOG Pre-Sales- Safe of New Rules? The best part about pre-sales, especially for first time home buyers, is it allows you to reserve a unit for the cost of a deposit and have a significant amount of time to get everything in order. You can save money while renting or living at home, arrange […]

Canadian Home Sales Slide In January Led By Greater Golden Horseshoe It is no surprise that housing activity slowed in January following a pulling-forward sales surge as homebuyers hurried to purchase before the mortgage rule changes in 2018. The January 1 implementation of the new OSFI B-20 regulations requires that uninsured mortgage borrowers be stress-tested […]

DLC BLOG Improving your credit score Your credit score is a big factor when you apply for a mortgage. It can dictate how good your interest rate will be and the type of mortgage you qualify for. Mortgage Professionals are experienced helping clients with a wide range of credit scores so we can find you […]

DLC BLOG The role of the insurer in a mortgage Any time a down payment for the mortgage is less than 20%, it is required that the mortgage must be insured thru an Insurer. Why does this mortgage need to be insured, who provides this type of insurance, what does this insurance mean, who is […]

DLC BLOG Why reverse mortgages are growing in popularity among mortgage brokers Mortgage agents and brokers love products that can solve problems for their clients. One of the main unique selling proposition of a mortgage brokerage is the ability to provide options that clients can’t get from their banks. One such option is the HomEquity […]

Jobs Decline In January Following Blockbuster Year Canada shed 88,000 jobs in January, the most significant drop in nine years, driven by a record 137,000 plunge in part-time work. Full-time employment was up 49,000 while the unemployment rate increased a tick to 5.9%–only slightly above the lowest jobless rate since 1976. January’s sharp decline brings […]

DLC BLOG 6 Home Purchase Closing Costs When you purchase your home, there are 6 additional costs to account for. They include: Home Fire and Flood Insurance Title Insurance Legal Fees Adjustments Land Transfer Tax GST Here’s an overview of what you can expect.                       […]