As a licensed Mortgage Agent, I am often asked “what do I need to know when buying my first home?” Everyone has their own aims and objects when buying their first home. As an expert Mortgage Agent, I specialize in making sure your financing is in order to facilitate your dreams of owning a home. …
With the Bank of Canada in a mood to raise rates, it’s a similar feeling for the bond market, which impacts fixed rates. In every interest-rate market there are many factors leading to an increase and we are hoping to provide a little bit of clarity on what is happening and what it means to …
Nothing weighs heavy on one’s shoulders than owning a home and getting behind on your Canada Revenue taxes. Most banks will not be able to help you refinance your home to pay them off as CRA has first dibs on your house and assets. We have clients owing anywhere from $5,000- $300,000 in back taxes …
Self-employed individuals are quickly becoming one of the most common clients that I work with. I know many successful business owners who enjoy the perks of being an entrepreneur. One of these includes fantastic write-offs that allow them to bring their income down to a low tax bracket. However, this benefit can also mean that …
7 THINGS EVERY SELF-EMPLOYED INDIVIDUAL SHOULD KNOW — BEFORE YOU APPLY FOR A MORTGAGE Read More »
Home Equity Lines of Credit (HELOC) for many years have been a way for Canadians to unlock equity in their homes and use the money for investing, paying for children’s education or quite simply lowering their monthly interest payments on high interest credit cards. This is all great if the property values remain steady, but …
Mortgages are like vehicles. A bank is similar to the brand, Ford or Toyota for example. How long you have a mortgage before it’s time to renew is like the model, a Fusion or Camry. The rate is similar to the car’s paint color, and the mortgage benefits such as prepayment privileges and portability are …
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 instability of the market, and the Bank of …
FIXED-RATE MORTGAGE: WHAT LENDERS YOU SHOULD DO IT WITH AND WHY Read More »
As the market shifts, developers will increase their incentives to buyers with cash back and decorating allowances on new build or pre-sale purchases. It is very important to review those options with your real estate agent representative and vital to consult with your Dominion Lending Centres mortgage broker or a mortgage specialist like myself. Although …
CASH BACK AND DECORATING ALLOWANCES ON NEW BUILD OR PRE-SALE PURCHASES Read More »
So you just got a shiny new car, and now you want a shiny new home to go with it. Will that new car payment affect your mortgage pre-approval? The short answer… absolutely it will. Recently, I have encountered many people looking to pre-approve for a home purchase that do not qualify. While it may …
For a first-time home buyer, the types of insurance surrounding a mortgage can be confusing, so it’s important to know what insurance covers what. There are 3 main types of insurance to know about when buying a home. Mortgage Default Insurance – If you put less than 20% down on a home you are buying, Government …