Welcome to the October issue of my monthly newsletter! This month’s edition offers tips on boosting your credit, as well as examines do-it-yourself renovations versus hiring a professional. Please let me know if you have any questions or feedback regarding anything outlined below. Thanks again for your continued support and referrals!     Planning ahead […]

Beware of Mortgage or Title Fraud In a time where identity theft and Ponzi schemes are plastered across the daily news, the last thing you want to worry about is yet another way to lose your hard-earned money. But as a homeowner, you need to be aware of crimes on the rise known as mortgage […]

  Welcome to the September issue of my monthly newsletter! This month’s edition lists five questions and answers that will help you dig a little deeper into the mortgage financing process, as well as explains the value of a rate hold. Please let me know if you have any questions or feedback regarding anything outlined […]

1. What’s the best rate I can get? Your credit score plays a big part in the interest rate for which you will qualify, as the riskier you appear as a borrower, the higher your rate will be. Rate is definitely not the most important aspect of a mortgage, however, as many rock-bottom rates often come from […]

1. If I have mortgage default insurance do I also need mortgage life insurance? Yes. Mortgage life insurance is a life insurance policy on a homeowner, which will allow your family or dependents to pay off the mortgage on the home should something tragic happen to you. Mortgage default insurance is something lenders require you […]

Have you ever wondered what the lenders look at to consider if you are a primary candidate for mortgage. Below are the basics of the 5 C’s of Credit – Character, Capacity, Collateral, Capital and Credit. In determining a client’s overall credit risk with respect to obtaining mortgage financing, broker and lenders will seek out clients […]

2010 – 131 Regiment Square – Downtown Vancouver! If you have any questions I can be reached at 604 616 2266 or mhallett@dominionlending.ca. DREAM TODAY. OWN TOMORROW. Asking   Price Downpayment $528,900 5% 10% 20% Down Payment $26,445.00 $52,890.00 $105,780.00 First Mortgage $502,455.00 $476,010.00 $423,120.00 Insurance Premium $14,822.42 $10,472.22 n/a Total Mortgage $517,277.42 $486,482.22 $423,120.00 […]

Asking Price Downpayment $379,000 5% 10% 20% Down Payment $18,950.00 $37,900.00 $75,800.00 First Mortgage $360,050.00 $341,100.00 $303,200.00 Insurance Premium $10,621.48 $7,504.20 n/a Total Mortgage $370,671.48 $348,604.20 $303,200.00 Interest Rate (5 yr term) 3.65% 3.65% 3.65% Amortization (yrs) 30 30 30         Monthly Payments       Principal & Interest $1,689.94 $1,589.33 $1,382.33 […]

Canadians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others also look at home ownership as an investment vehicle. No matter what the reason, the truth is that home ownership has proven itself to be a good stable investment over time, and one which many Canadians […]

Implications of the New Mortgages Rules On January 17, 2011 Finance Minister Jim Flaherty announced that there would be some changes to the mortgage guidelines, these changes will take place on March 18, 2011. The one rule change that will affect homebuyers will see Ottawa stop backing home loans greater than 30 years if there […]