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 That means your offer can be withdrawn if you are unable to arrange the mortgage required to complete the sale.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…

Mortgage Broker VS Mortgage Specialist

Mortgage Broker vs Mortgage Specialist.   Broker vs specialist: What’s the difference?   To most consumers outside of the mortgage space, the terms “mortgage broker” and “mortgage specialist” would seem interchangeable – but they aren’t. As a potential homeowner, the differences are more important than you might think. First and foremost, it is important to… Read More…

5 Expenses Most Canadians Don’t Expect in Retirement.

5 Expenses Most Canadians Don’t Expect in Retirement.   According to a recent CIBC poll, nearly half (48%) of retired Canadians stopped working sooner than they expected. The result is that many retirees have saved less for retirement than they planned, making unexpected expenses all the more stressful once the income tap has run dry…. Read More…

What is Private Lending vs Prime Lending?

Private Lending   A combination of Coronavirus, rising interest rates, higher home prices and tougher qualification requirements for a mortgage loan have made purchasing and refinancing homes more difficult in Canada. If you answer “yes” to any of the questions below, you may be better suited for a Private Lender for your purchasing and refinancing… Read More…

Recent Posts