Here are the new HST rules in BC that will be coming out later this year. It’s not as confusing as you may think. First off, if you’ve purchased a home, then you know that you don’t currently pay GST when you buy a home that’s been previously lived in. This means one house that’s […]

It’s easy to get caught up in the idea that comparing mortgage rates will guarantee you get the best bang for your mortgage buck. While this may be true for particular situations, there are many scenarios where this strategy is not effective. Following are three reasons why it doesn’t always pay to make a decision […]

As a licensed mortgage broker with Dominion Lending Centres I have access to multiple mortgage products and services to meet your unique needs and long term goals when it comes time to purchase a new home, renew your existing mortgage, refinance to consolidate debt, take equity out of your home for renovation purposes, or even access […]

The purchase of a home is likely the largest financial expenditure you’ll ever make. And getting your home inspected is an essential step in the home-buying process. No one wants to buy a money pit – and once you have signed on the dotted line, there is no turning back. The best way to ensure […]

Below are just a handful of ways to make some additional money with the real estate property you have purchased. 1. Roommates – helps to pay your mortgage faster. 2. Home Business – will allow you to receive tax deductions; just make sure it is zoned correctly. 3. Storage – rent out unused space. Check […]

In the new era of financial lending the Canadian government is trying harder than ever to control Canada’s debt load in order not to repeat what happened in the USA last year. As credit has become more and more abundant in our society, your credit report, and thus your credit rating, has become more important […]

If you’re self-employed, you may have a more difficult time obtaining financing for your real estate purchases than you encountered just 18 months ago thanks to the recent recession. And as of April 19th, 2010, Canada Mortgage and Housing Corporation (CMHC) raised the required down payment amount, as well as decreased the percentage at which […]

We live in a society of instant gratification. Unlike our parents or grandparents – who saved up for larger purchases – we are often tempted to splurge on bigger-ticket items simply because we have a debit card in hand when we head out “window shopping”. And aside from overspending thanks to the advent of debit […]

Selecting the length of your mortgage amortization period – the number of years it will take you to become mortgage free – is an important decision that will affect how much interest you pay over the life of your mortgage. While the lending industry’s benchmark amortization period is 25 years, and this is the standard […]

The days of the mortgage broker who charges an arm and a leg just to get you financing are gone. No longer is the mortgage broker a last resort source of financing. So why would you see a mortgage broker instead of your family banker? 1. Lower rates – even if you know your bank’s […]