Mortgage Pre-Approval A mortgage pre-approval shows you, the homebuyer, what value of home you can afford, and the mortgage payments associated with various purchase prices. It also guarantees a mortgage rate for a period of time; therefore, protecting you against potential rate increases. You are not obligated to the bank or mortgage broker to whom you received […]

If there is one thing that I have learned, in order to be successful as a mortgage agent you have to put your client’s needs first,which means being completely transparent. As a mortgage agent with Dominion Lending Centers, I ensure my clients understand every aspect of the process of choosing the right mortgage plan. I […]

Investment Properties in Canada Buying an investment property is a popular option for Canadians looking at different ways to invest their money. However, unlike the mortgage you took out on your principal residence, financing an investment property is a little more complex. The number of units in the building and whether or not you’ll be […]

What is a credit score? A credit score is a three-digit number that is calculated using a mathematical formula based on the information in your credit report. You get points for actions that demonstrate to lenders that you can use credit responsibly. You lose points for things that show you have difficulty managing credit. To find out […]

These days, everyhomeorcondobuyerin knows that, at a very minimum, they need to be pre-approved before shopping for a newhome.  But being pre-approved by the RIGHT lender is just as important.  With almost unlimited choices, between Banks,CreditUnions, private lenders and mortgage brokers, whats the best choice for today’s homebuyer?  Many are turning to a Mortgage Broker, for a variety of […]

This is a little known Homeownership Program in Simcoe County (Barrie, Orillia, Innisfil, Alliston, Collingwood, Bradford, Midland, Wasaga Beach) that aims to assist low-to-moderate income earners who are currently renting to purchase a home.  The program will provide a 10% down payment in the form of a forgivable loan. This program is designed to free up valuable rental units & […]

If you’re familiar with the concept of comparing mortgage rates, chances are you know there’s money to be saved by shopping around – sometimes hundreds or thousands of dollars. It’s a fact the big banks hope you ignore when searching for your mortgage, and that you’ll stick with the tried, tested and true when it […]