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.                       […]

DLC BLOG What is the Canadian Mortgage and Housing Corporation (CMHC)? The Canadian Mortgage and Housing Corporation (CMHC) is a corporation that most are semi-familiar with, but do not know what CMHC actually does. CMHC is Canada’s authority on housing. They contribute to the stability of the housing market and the financial system. They also […]

DLC BLOG Which Lender is Right for You? The following is a summary of the choices available for clients when looking at the four different types of lending groups. Which one is best will all depend on who you are as a borrower, what your current situation is now, and what your situation will look […]

Best Canadian GDP Growth in Six Months Led by Manufacturing Comeback Real Gross Domestic Product (GDP) increased 0.4% in November, bouncing back from a disappointingly flat economy in October. The improvement reflected a rebound in most factory sectors as goods-producing industries rose 0.8% after declining 0.5% in October. November’s gain was mainly due to increases […]

DLC BLOG Bank vs. Credit Union – A who is who in borrowing Banks and Credit unions are often grouped together into one category under “financial institutions”. While they may have several similarities in terms of financial service offerings, in the world of mortgages the banks and credit unions have little in common. As mortgage […]

DLC BLOG For Rental Properties, Cash (Flow) is King Ask pretty much anybody about mortgages and the first, sometimes only thing they want to talk about is the interest rate. In my business as a Mortgage Professional, my job is to educate clients that while interest rate is definitely a cornerstone of your mortgage decision, […]

DLC BLOG Are you in a Variable Rate Mortgage? Me too. Are you in a Variable Rate Mortgage? Me too. If you’re in a fixed rate mortgage, this news does not impact you. Mind you ‘impact’ is too strong a word to use for the subtle shift that occurred Jan 17, 2018.       […]