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The latest thoughts and insights from Geoff Lee and GLM Mortgage Group | Dominion Lending Centres
Top 8 Benefits of Using a Mortgage Broker
Unsure if using a Mortgage Broker is the right choice for you? When shopping for a mortgage, many home buyers enlist the services of a Mortgage Professional. There are many benefits of using a Mortgage Broker. Let's take a look at the top 8...
Top 5 Questions To Ask Your Mortgage Lender
Top 5 Questions To Ask Your Mortgage Lender Before Signing On the Dotted Line 1. How the penalties are calculated if I break my mortgage early? Specifically, ask what rate they use to calculate the “interest rate differential”. Typically, if the lender has “posted...
Allowable Sources Of Down Payments
Be Aware Of Allowable Sources Of Down Payments In Winnipeg, MB, Jackson and Hailey have been living in a rental home for more than three years. They liked this rental home so much; they asked the landlord if they could buy this house. The landlord agreed to sell the...
Financial Check Up
Welcome to your free financial check up. Here we give you 5 key factors to assist you in ensuring you are on the right track to a solid financial future. Credit Ensuring you are using credit wisely will pave the way to making sure you have options available to you if...
How To Maximize Your Cash Flow
How To Maximize Your Cash Flow While Increasing Your Net Worth By Having a Mortgage Plan Interest rates are only one of many features that should be looked at when you are applying for a mortgage. But all things being equal, the interest rate may be more important...
Canadian Economy Showed Signs of Struggle
U.S. Job Strength Vindicates Fed Rate Hike, But Canada Still Weak Once again, the Canadian economy showed signs of struggle as the December jobs report showed gains only in Ontario, while jobs were flat or down in every other province. In marked contrast, payrolls in...
Dominion Lending Centres Acquires Mortgage Architects
Dominion Lending Centres (DLC), Canada’s top mortgage company, is proud to announce its acquisition of Mortgage Architects, a leader in the Canadian mortgage space. DLC will keep all three of its brands (Dominion Lending Centres; Mortgage Centre Canada; Mortgage...
Obstacles for First Time Home Buyers
Obstacles for First Time Home Buyers With mortgage interest rates at historical lows, it is a wonderful time for first time home buyers to take the leap into the market. But there are some considerations and preparations to be made before starting the process. ...
Top 5 Reasons People Don’t Qualify for a Mortgage
I receive calls every month from people who want to know how to qualify for a mortgage because they were declined by their bank. In many cases I can help them and in some cases they have to wait – but we identify what they need to do to get in a better situation to...
Where Are Mortgage Rates Headed
Where are Mortgage Rates Headed We have finally seen a bump up in interest rates. The 5 year government bond rate hit a low of about .60 in mid-September and is now pushing towards 1%. The lenders have reacted to this and we have seen the low rates of 2.59% on the 5...
Are Canadians Saving Enough For Retirement
Many Canadians think of retirement as a time filled with vacations, getaways to the cottage and spending more time on hobbies and interests. However, there are many other factors to consider when thinking about retirement savings. More and more Canadians are...
Changes to Down Payment Requirements Coming 2016
Today Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above $500,000. The...
BC & Ontario Poised For Canada’s Strongest Economic Growth In 2016
Lower oil prices, alongside a continued slump in mining and metals, has weighted on growth. Oil-dependent provinces such as Alberta, Saskatchewan and Newfoundland and Labrador have seen their economies hardest hit. That includes a drop in housing activity. Meantime,...
Tips On Getting Ready To Be a First Time Home Buyer
Very often, the first question is “what can I afford”. To answer this for a person getting ready to buy, we need to know about what is happening now, income, bills, savings, credit score etc. There are many positive things that you can do to prepare to become a first...
Purchase Plus Improvement Program
This one time Purchase Plus Improvement Program advance will allow you to make the changes you need to make your home as perfect as you want! Have you been trying to find that almost perfect home? All homes have their flaws and imperfections. Some consumers can deal...
Who is the Bank of Canada
Have you ever wondered who the Bank of Canada is and what is its role in our economy? The Bank of Canada is the country’s central bank. Its role, as defined in the original Bank of Canada Act of 1934, is “to promote the economic and financial welfare of Canada. “ The...
The Mortgage Rate Mentality
THIS JUST IN, MORTGAGE INTEREST RATES ARE...and there it is again…headline news about another low rate from one of the main lenders. But what does it all mean and why does it continue to grab the headlines on the evening news? It probably comes as little surprise that...
When Do Online Mortgage Rates and Products Apply
Online access to information is fantastic! The ability to understand a glossary of terms and products out there is amazing when compared to even a decade ago. I love “Googling” and finding how to fix my car, or how to engage in my do-it-yourself home projects. I feel...