Resources

How Does Debt Impact Mortgage Qualification?

How Does Debt Impact Mortgage Qualification?

Understanding the way debt – especially unsecured debt – comes into play when qualifying for a mortgage can be unclear for many borrowers. You have zero credit card debt, but you pay $300 a month to finance your car. That makes you much more desirable than your...

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Bank of Canada Rate Announcement Mar 6th, 2019

Bank of Canada Rate Announcement Mar 6th, 2019

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Recent data suggest that the slowdown in the global economy has been more pronounced and...

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Deposit vs Downpayment

Deposit vs Downpayment

As part of the mortgage and real estate processes, there’s a lot of confusion around the differences between the deposit and the downpayment. It's important to understand what sets them apart so you don’t get confused when it’s time to secure financing on a property...

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Mortgage Documentation, Plan Ahead!

Mortgage Documentation, Plan Ahead!

Collecting the right documentation to prove you are a worthy candidate to borrow a lot of money to buy a property can be an arduous task. The most recent government rule changes and tightening of mortgage qualification isn't making things easier. If you seem to think...

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In the Middle of a 10 Year Term? You Have Options!

In the Middle of a 10 Year Term? You Have Options!

If you bought a house, or had a mortgage renew roughly five years ago, there's a chance the struggling economy and the relatively low interest rate environment (at the time) influenced you to "play it safe" and lock in a mortgage term for the next ten years. Because,...

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7 Questions To Ask Yourself Before Building a Home

7 Questions To Ask Yourself Before Building a Home

Building your dream home can sound really exciting, but have you thought about everything that goes into building a new home? Here are 7 Questions you should ask yourself before making any concrete plans! 1. What are my expectations with this new home? Are you looking...

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An Alternative Mortgage May Be Your Best Option

An Alternative Mortgage May Be Your Best Option

Gone are the days when you had to qualify for a mortgage within bank parameters, or you simply couldn’t receive financing for your property. Working with a licensed mortgage agent means you have a broad range of mortgage choices to fit your unique needs – whether...

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5 Things to Help You Survive Your 40s & 50s

5 Things to Help You Survive Your 40s & 50s

You know those days where everything goes wrong and you’re so tired you don’t know what direction’s up? They’re a lot more manageable when you know what you’re working towards. Here’s 5 things that’ll help you survive—and make the most of!—your 40s and 50s. 1. Do work...

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Have You Considered a Purchase Plus Improvements?

Have You Considered a Purchase Plus Improvements?

You're pre-approved for a mortgage, you've been shopping with location in mind, but unfortunately the perfect property isn't jumping out at you. There is no doubt about it, finding the perfect property (within your price range) is a difficult task, especially for...

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A Conversation About Mortgage Pre-approvals

A Conversation About Mortgage Pre-approvals

Thinking of buying a property, but don't know where to start? Well... that's where a mortgage pre-approval comes in. Start here. Just like you wouldn't go into a restaurant without having enough money to buy your meal, so you shouldn't start shopping for a home...

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Bank of Canada Rate Announcement Jan 9th, 2019

Bank of Canada Rate Announcement Jan 9th, 2019

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion continues to moderate, with growth forecast to slow to 3.4 per cent...

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Dan Caird

dancaird@dominionlending.ca
905-213-1475

1935 Leslie Street
North York, Ontario M3B2M3
Canada
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