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The latest thoughts and insights from Geoff Lee and GLM Mortgage Group | Dominion Lending Centres
Zero Down Payment Mortgage–Does it Exist?
Did you know that you can buy a home with ZERO down payment?? If a home purchase is your goal this year but you aren't able to save up enough of a down payment, you may qualify for a low or zero down payment mortgage. One of our Lenders is offering a great zero down...
7 Tips for First Time Home Buyers
Your First Home. What a THRILLING thing that is to think about!! One of the best parts about our job is helping individuals purchase their first home. We know that the process can seem daunting at first, but we have an in-depth understanding and knowledge of what...
2018 in Review
2018 Is in the Books, Here are the Q4 numbers! 2018 was a challenging year for the housing and mortgage market—new regulations, rate increases and more made it one of the toughest years for homeowners to qualify. Despite all this, there was still $45.3 billion...
Title Insurance
Are you officially Mortgage Free? CONGRATULATIONS! That is a monumental milestone to achieve! With that significant accomplishment, you should look at obtaining a Title Insurance Policy. What most people don’t realize is that when you had a mortgage, the lender...
4 Facts About Using a Guarantor
What is a Guarantor? A Guarantor for mortgages is exactly what it sounds like—they “Guarantee” the mortgage for another person if they are unable to pay back the loan. Co-signers or Guarantors on mortgages are often used if someone has Damaged or poor credit...
7 things every self-employed individual should know
Self-employed individuals are quickly becoming one of the most common clients that Vancouver mortgage brokers handle. Daily we have successful business owners come into our offices who enjoy the perks of being an entrepreneur. One of these includes fantastic...
Fixed rate mortgage | What Lenders You Should Do it with and Why
25-year amortization or 30 years? Insured or Uninsured? With an A Lender or B Lender? These are just a few of the questions people have to decide on when they are pursuing a mortgage. But the biggest question of all: Fixed Rate or Variable Rate? With the...
How to Find a Mortgage Broker
Are you on the hunt for a mortgage broker? Or you need a mortgage broker but just don’t know it yet! First up, where do you find a Mortgage Broker? The easiest (and one of the best places to start) is with referrals from a real estate agent, family, friends, or...
First Time Mortgages: Expectation vs. Reality
First-time home-buyers are one of our favourite clients! It’s great to work alongside them and teach them the in’s and out’s about real estate, owning a home, and helping them cross “homeownership” off their bucket list. One thing that we find though, their...
Client Story: 4 Mortgage Steps to Overcoming High Consumer Debt
Client success stories are what make our job WORTH IT (We think most mortgage brokers would agree). So, with this in mind, we are sharing a recent client’s story that allowed them to not only purchase the home they wanted but also pay down their own debt. ...
7 Sure-Fire Ways to Grow Your Credit Score
Have you ever wished for a simplified guide on how to actually GROW your credit score? Well today is your lucky day! We have had years of experience working with individuals who come to us with poor or damaged credit and we have found 7 steps that prove to be tried...
4 Key Things You Need To Know About A Second Mortgage
Many homeowners are vaguely aware of the fact that you can take out a second loan on your home. You hear your friends mention it or perhaps a family member close to you has gone through the process—but do you truly know what it means to take out a second mortgage? We...
4 Services To Add To Your Broker ToolBox
Whether you are new to mortgage brokering or have been doing it for 20 years, it’s always helpful to add new tools to your “Broker Tool Box”. Easy NOA Easy NOA is a document retrieval service that allows you to request CRA and non-CRA documents for your...
7 Questions to Help You Decide if You Should Pursue a HELOC (Home Equity Line of Credit), Refinance or Second Mortgage
HELOC, Refinance or Second/Third Mortgages? Which one should you choose to go with? If you have decided to tap into the equity in your home, the three can seem to be interchangeable at times and for many consumers can be a difficult decision on which one to select. We...
When Life Gives You Lemons…
Mortgage Moment: When Life Gives You Lemons…. We all do it. Even I fall guilty to it at times. It’s really a part of Human Nature…and really what fun is life without it? What exactly are we talking about? Dreaming. We make grand plans and lay them out...
Top Canadian Cities to Buy a Home in
With the housing market in the Fraser Valley continuing to heat up, prices on detached homes continue to go up, and the condo and townhome market is hotter than ever, where is a family to lay down some roots? A recent report indicated that to live in and make...
Breaking a Mortgage-Can You Do It?
Do you have a mortgage? So, do I! Looks like we have something in common :). Did you know that 6 out of 10 consumers break their mortgage 38 months into a 5-year term? That means that 60% of consumers break a 5-year term mortgage well before it’s due…but do you also...
Top 5 Things To Consider When Building Your New Home
Building a new home-It’s something that many couples dream of. It can be an exciting, stressful, joyful, crazy time period that many walk away from saying “never again” or “bring on the next one!” We scoured the internet and sorted through our own experiences to bring...