Finance Minister Listens Carefully to Mortgage Brokering Industry Concerns! Last week the President of Dominion Lending Centres was invited to the 2011 Pre-Budget Consultation chaired by Finance Minister Jim Flaherty in Regina. Participants included 17 hand-picked Canadians representing a leadership position in their respective industries. The day consisted of: An overview by Minister Flaherty of Canada’s past performance […]

A friend of mine recently contacted me with questions about refinaning his current mortgage. This would mean breaking his current contract and buying a lower rate. His main question, could I save money?, the answer was YES…thousands! So I have decided to show you what an average mortgage looks like with a rate purchased 3 years […]

Most December and early January buyers are serious about purchasing and likely facing some sort of deadline. January is the biggest transfer month of the year and job transferee’s use the holidays to house hunt. Many people want to buy before the end of the year for financial and tax reasons.  Investors usually want to […]

Transitioning from renter to homeowner is one of the biggest decisions you’ll make throughout your lifetime. That’s why it’s essential to surround yourself with a team of experts – including both a mortgage and real estate professional – to walk you through the steps to home ownership, answer all of your questions and concerns, help […]

More than two-thirds of repeat homebuyers expect their next house purchase won’t be their last, states a survery conducted by TD. 23% of the more than 1,000 participants — all repeat homebuyers — said they plan to move again within six years. One in five repeat buyers has owned more than five homes. All participants […]

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 […]

ARTICLE 1 The age-old financial dilemma of whether you should use any excess cash to contribute to your RRSP or pay down your mortgage has gained renewed relevance in the aftermath of the financial crises. Canadians are learning to save more, invest more conservatively and de-risk their retirement account. So, despite what your personal conclusion might […]

1. Have You Explored All Your Options? Once you receive your mortgage renewal statement, there is nothing easier than signing on for another term. This may make sense in some cases, but your family and financial situation may change over time. I can look for opportunities that may better meet your needs right now. 2. […]

ARTICLE 1 The Bank of Canada will raise its key overnight interest rate next week, but the pace of subsequent hikes is less clear, according to Canadian primary dealers and global forecasters surveyed by Reuters. The Reuters poll, released today, showed a 73% median probability that the Bank of Canada will raise the overnight rate […]

With the uncertainty of job loss racing through many people’s minds these days, taking a proactive approach to this issue by putting mortgage payments aside while you’re still actively employed can help set your mind at ease. Planning for the future and potential job loss is one of the most important undertakings you can make […]