23 Mar

Summary of the New Mortgage Market

Mortgage Tips

Posted by: Cory Kline

There have been a lot of changes in the mortgage market over the past few months so many Canadian’s plans regarding homeownership may have shifted quite a bit from last year. First, new qualification rules came to pass in October where even though actual contract rates are sitting at about 2.79% all Canadians have to […]

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22 Mar

4 Steps To a Financially Fit You in 2017!

General

Posted by: Cory Kline

Well, you have likely noticed that it is time for resolutions according to the plethora of fitness equipment and organizational plastic bins on sale in every flyer you open. It seems fitting that we take a 4 step approach to positioning yourself for financial fitness in 2017 as well.   So first of all, I […]

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21 Mar

Why So Many Mortgage Documents?

Mortgage Tips

Posted by: Cory Kline

Documents, documents and more documents. Yes that’s right you will need to provide your Dominion Lending Centres mortgage broker with as many documents that we request upfront as possible. Why? Because the more supporting documentation you have available will help us as brokers to find you your best mortgage options. If you don’t have everything […]

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15 Mar

5 Common Mistakes To Avoid When Shopping For a Mortgage

Mortgage Tips

Posted by: Cory Kline

Avoid these 5 common mistakes, and you will have no problem getting your mortgage faster, more efficiently, and with a clear understanding of the process: 1. Thinking banks are the first and best place to go for a mortgage Mortgage brokers can often beat the bank rates by using different lending institutions. The bank is […]

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14 Mar

Home Financing Solutions – Purchase Plus Improvements

Mortgage Tips

Posted by: Cory Kline

Are you on the hunt for a new home but can’t find exactly what you are looking for? You’re not alone. House hunters experience this scenario every day. With real estate prices increasing you may not be able to buy your dream home the first go-round. There are many potential properties that you can put […]

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13 Mar

How Your Credit Score Affects Your Purchase Price

Mortgage Tips

Posted by: Cory Kline

Your Credit Score that the lenders use, not to be mistaken by the Credit Risk Score you see when you check your own credit, is one aspect of determining your borrowing power. The better your score, the length of established credit and your payment history the better when it comes to mortgage financing. Let’s assume […]

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23 Feb

So You Want To Port Your Mortgage?

General

Posted by: Cory Kline

Recently a video appeared on LinkedIn and a few other places singing the praises of porting your mortgage and making it seem like a walk in the park. If you have ever done one, then you would know that it is anything but that scenario. Porting is not much different than qualifying for a new […]

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15 Feb

New Mortgage Regulations Weigh On Home Sales

General

Posted by: Cory Kline

This morning, the Canadian Real Estate Association (CREA) released its January national real estate statistics showing home sales declined 1.3% month-over-month in the first month of this year. This down draft put resales at their second lowest monthly level since the fall of 2015 and only  a bit above levels recorded last November when new […]

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10 Feb

Canadian Job Surge in January

Latest News

Posted by: Cory Kline

January’s payroll gain was a huge 48,300 Statistics Canada said on Friday in Ottawa, well above economists’ forecast of a loss of 10,000 jobs. This follows a gain of a whopping 46,100 in December. The unemployment rate fell by 0.1 percentage points to 6.8%. Employment growth has been strong since August. Canada posted the best […]

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