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The latest thoughts and insights from Geoff Lee and GLM Mortgage Group | Dominion Lending Centres
First-Time Homebuyers Information
Here is important First-Time Homebuyers information you can use for yourself, or share with others that you know are starting the process of buying their first home. There are definitely steps you need to take when buying your first home, however, let's...
Your Refinancing Guide
Here is Your Refinancing Guide from GLM Mortgage Group. Why Refinance? There are many reasons why refinancing your mortgage is a smart move. You can: take advantage of lower interest rates stabilize payments by changing from a variable-rate mortgage to a fixed rate...
Helping You Understand Mortgage Insurance
Helping You Understand Mortgage Insurance What is Mortgage Loan Insurance? Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against...
How to Get the Mortgage You Want
For the SELF-EMPLOYED…how to get the mortgage you want With the housing crisis, getting a mortgage broker for self employed individuals has become more difficult. Those who work for themselves and apply for a mortgage are confronted with a much more strenuous process...
2015 Real Estate Trend: Urbanization
The 2015 Real Estate Trend is Urbanization Homeowners who choose the convenience of city life over the more generous living space in suburbia are driving Canada’s real estate market, according to a new report jointly produced by consultancy...
Canadians taking on more debt, but also getting better at paying it back
Canadians taking on more debt, but also getting better at paying it back. The Financial Post reports this on debt: Credit monitoring agency Equifax says Canadians racked up more debt in the latest quarter, driven by mortgages and higher instalment loans. Data compiled...
How Brokers Operate
Re-shared from canadianmortgagetrends.com: The vast majority of mortgage brokers recommend suitable mortgages, according to a new report from the Mortgage Broker Regulators’ Council of Canada (MBRCC). That’s vital because, as MBRCC Chair Kirk Bacon states, “Unsuitable...
The Bank of Canada Sits Tight
The Bank of Canada sits tight as the prime rate has been entrenched at 3% for four years now, the longest stretch of flat rates since the 1950s. And the Bank of Canada gave no hint of change at this week’s rate meeting. Here’s the gist of its statement from this...
Real-estate analyst says Lower Mainland elections could influence housing prices
Real-estate analyst says Lower Mainland elections could influence housing prices Straight.com reports: Don Campbell likes to say that he doesn’t sell real estate. “I’m just a researcher,” insists the author of several books on property investing. Campbell also likes...
Mortgage Rates Hit New Lows
Mortgage Rates Hit New Lows Forecasters are hiking their expectations for Canada’s housing market amid signs low mortgage rates are energizing sales, construction and prices. The revised predictions come at a time when many economists thought that the growth in the...
How To Prepare for an Open House
When selling your home, it is ALWAYS a good idea to be as prepared as possible for your open house! The funny picture here says a lot, but the reality is, preparation never can start TOO early! Here are some great ideas from the HGTV blog on how to prepare for an Open...
Mortgage Terms You Need to Know
At GLM Mortgage Group we get questions daily like, "what does that actually mean" or "I don't understand, can you explain that to me". We thought we would put some of the most commonly unknown, or misunderstood words into a presentation so that you could access and...
Canadians experiencing a surging housing market
Canadians experiencing a surging housing market "Canada’s housing market is again proving to be hotter than economists expected. The latest data on sales of existing homes across the country will be released by the Canadian Real Estate Board. But a number of local...
Credit 101
Credit 101 is what anyone in the Real Estate and / or Investment arena needs to know. This presentation will cover: what IS a credit score what is a "B" client and why different mortgages require different scores Get the full presentation here... Credit...
Mortgage Qualification 101
At my last presentation for the Wealthy Investors Network was a success, and I wanted to share it with you here. The “ins and outs” of qualifying for a mortgage for both employed and self-employed. Click below to see the full presentation: Mortgage Qualification 101...
Best May for Home Sales Since 2007
"Consumer demand in the province climbed noticeably last month with unit sales posting their highest level for the month of May since 2007" reports BC Real Estate Association Chief Economist Cameron Muir: The total sales increased by nearly 14 per cent compared to May...
Do you consider your house a home or a nest egg
Do you consider your house a home or a nest egg? More than two-thirds of Canadians who bought in the last decade view their house as a place to live and just 31 per cent as a nest egg. "And that appears to be consistent among homebuyers, whether they...
CREDIT 101 | What anyone in the real estate and investment arena needs to know about credit
Credit 101 What is a credit score anyway? It indicates a person’s credit worthiness (poor, fair, good, excellent, etc.) in comparison to others. A credit score tells the lender how much of a risk you are, which also affects how much you’ll pay for your mortgage....