The new First Time Home Buyer Incentive program from CMHC (Canadian Mortgage and Housing Corporation) was officially released on September 2. This program was met with mixed reactions across the mortgage industry, but we wanted to take a minute to give you the facts regarding the program. Below are the key points you need to …
In today’s market, variable and fixed rates are not too far apart. This makes most people think that the fixed rate is the way to go as it’s often viewed as the safest option. Many believe that variable rate mortgages are for the daring and at any time your rate could double leaving you high …
FIXED VS VARIABLE RATE MORTGAGE – WHAT’S THE BETTER CHOICE AND WHY? Read More »
Okay so you have a mortgage. Let’s face it, it’s a contract with terms, conditions, rights and obligations for both you and the lender. However, now for whatever reason you need or want to break the contract before the end of the term. Many mortgage lenders will allow this provided they are compensated. You have …
Saving for a down payment is often one of the biggest challenges facing young people looking to break into the real estate market. The source of your down payment could come from your own savings, a gift from a family member, your RRSP if you’re a first time home buyer or from the proceeds of …
VERIFYING YOUR DOWN PAYMENT – WHAT YOU NEED TO KNOW Read More »
NEW MORTGAGE RULES AND THEIR IMPACT A short time ago Canada Mortgage and Housing Corporation (CMHC) changed the rules on how much down payment buyers have to have in place to buy a home worth more than $500,000. The new rules stated that you have to have 5% on the first $500,000 and 10% on …
St. Catharines mortgage agent champions health system support Cameron Wilson plans to educate consumers in town hall meeting NEWS Apr 16, 2019 by Beth Audet Niagara This Week – St. Catharines A St. Catharines mortgage agent is educating consumers about a financial approach that he says will stimulate the economy and reinvest in …
St. Catharines mortgage agent champions health system support Read More »
At Dominion Lending Centres, we know Community comes first. When we learned that provincial tax dollars do not pay for medical equipment in Hospitals – we knew there was a higher purpose for our business. We have created a new way to do business and help our communties thrive! We look forward to getting you …
Healthcare in Niagara and the mortgage industry create a Partnership. Read More »
WHO PAYS YOUR MORTGAGE BROKER? NOT YOU! If you’re looking to get a mortgage and considering a mortgage broker, there’s a good chance you’re wondering about how much the service costs. Good news! Clients looking to get a standard residential mortgage pay no fees to the broker. On standard residential mortgages, it’s 100% free for …
Great having our community come together in support of the Niagara Regional – Community Mortgage Plan. The ceremonial launch of this new program was christened by Mayor Walter Sendzik, Regional Councillor’s Sandie Bellows and Leanna Villella and CEO of Niagara Health Foundation, Roger Ali. We invite all of Niagara’s mortgage holders to participate in …
What is the difference from a Bank to a Credit Union? This difference saves you $10,000’s! Bank and Credit Unions are virtually identical, with respect, to the services rendered. They both provide daily banking, investments, loans, mortgages, credit cards, business financing, commercial lending, etc. However, the major difference lay in the business model itself. Each …