Did you know that most lenders have a “sliding scale” for purchases that are over 1.25 million dollars?? Most of our buyers believe that if you are purchasing over 1 million dollars you need 20% down… Which is true, until you hit the 1.25 million dollar mark.  At that point you will have to put […]

We have noticed that the market is picking back up and almost as hot as this weather we are having!  With that being said we wanted to provide you with a “how to” and a step by step process to obtain a mortgage approval: First step is to take a Mortgage Application – we can […]

As a First Responder we want to thank you for your service and dedication to your community by helping you with some of the costs surrounding purchasing or refinancing your home!   If you are a First Responder, contact us to find out more about this program.

Both the provincial and federal governments are announcing daily changes and enhancements to the benefits being offered to households and businesses across the province and the country.  While there are still many unknowns, it seems many are continuing on adjusting the new way of life from a distance.  Today there were two new announcements from […]

TD is offering mortgage payment deferrals for up to six months.  How does a TD Mortgage Payment Deferral work?  Mortgage Deferral: Customers who are experiencing financial hardship can request to defer the equivalent of up to six monthly payments. Interest will continue to accrue and is capitalized (i.e. added to the outstanding balance)on each payment […]

To say that rates have been a roller coaster these past 3 weeks is an understatement. We have seen 3 rate cuts by the Bank of Canada leading to a large drop in the Prime rate to Fixed Rates dropping, then rising and some now slightly dropping again. Banks borrow money for mortgages and to […]

Dominion Lending Centres head office team has put together a fantastic webpage dedicated and updated constantly with COVID-19 updates and how they are affecting home owners and the mortgage industry. Stay tuned for regular updates and to access resources to help you and your family. Click on the Blue Bar at the top of my […]

It was announced last week that the Bank of Canada is finally easing the stress test for home buyers with less than 20% down payment. This is great news that we are heading in the right direction after having mortgage rules tightened a few years ago. They have not yet confirmed that we will see […]

Have you ever wondered what the plan is for your parents? Or you even once you retire and maybe have a fixed income? So many families don’t realize the options they have to keep aging parents in their homes. If you are wondering how to do this and still afford in home care, contact us. […]

We are getting back in the saddle with our blogging! Stay tuned for more frequent updates to the mortgage world and all things home ownership! 2020 is off to a good start!