Mortgages and the overall process can be quite complicated and confusing. One of the more dreaded components of the mortgage process is the collection of documents to secure your mortgage approval and support your mortgage application – these documents can entail income, down payment, identification, banking information, or current real estate holdings. Here is… Read More…
Niagara is a great place to buy a home!
The Niagara Region, including St. Catharines, is a beautiful area of Ontario that is becoming increasingly popular for both homeowners and investors. The region is experiencing a booming real estate market, which has resulted in a growing demand for mortgage options. In the St. Catharines area, mortgage rates are currently starting to trend down after… Read More…
How Do Appraisals Work on My Property?
As the housing market continues to exceed expectations, homeowners might be interested in utilizing the equity in their homes to meet immediate financial objectives. Refinancing, using the home as collateral, can be a viable option for purposes such as renovations, debt consolidation, or covering monthly mortgage payments. When considering a second mortgage, lenders take into… Read More…
The Process of the Paperwork.
The Process of the Paperwork. Documents Required to Qualify for a Mortgage Mortgages can sometimes feel like endless stacks of paperwork, but being prepared in advance can save you time and stress! Getting your mortgage pre-approved is part of this prep-process, and will make things easy in the long run. In order to get pre-approved,… Read More…
Bank of Canada increases interest rate 0.25%
Chief Economist of DLC, Dr. Sherry Cooper had suggested in January that we would not see a Bank of Canada rate increase until March or April. She is correct, today the Bank of Canada raised their overnight rate from 0.25% to 0.50%. This rate change affects the following type of financial vehicles: Variable rate mortgages… Read More…
Purchase Plus Mortgage
Need to renovate? Say Hello, to loan sweet loan. Not every home is move-in ready. Have you found the perfect home, but it needs a little TLC? With one manageable mortgage, you can have your home — plus add in the costs of renovations — sometimes with as little as 5% down. Our DLC Mortgage… Read More…
Why should you spread the word?
It was a great pleasure working with you on your mortgage, I am glad everything worked out well and congrats on this next step! Your business and trust are appreciated and respected, thank you. On-line Google and Facebook reviews from my satisfied clients mean the world to me. Your word also helps other people during… Read More…
Finance Condition
When making an offer to buy a home, it can be fairly routine to make that is offer conditional on arranging financing. That means your offer can be withdrawn if you are unable to arrange the mortgage required to complete the sale. However in a very busy real estate market, buyers often find themselves either... Read More...
Bank of Canada update – 09/12/2020
Bank of Canada update – 09/12/2020 This morning in its 10th and likely final policy decision of 2020, the Bank of Canada left its target overnight benchmark rate unchanged at what it describes as its “lower bound” of 0.25%. As a result, the Bank Rate stays at 0.5% and the knock-on effect is that… Read More…
How is your credit health?
How is your credit health? For most people, credit score isn’t something you spend much time thinking about. Especially if you are someone who is making good money and paying all your bills on time, but it never hurts to be aware of your current score and ensure you are maintaining it – even… Read More…