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If Only Your Dream Home Had…

If you’ve been house hunting for any period of time (especially in the GTA and surrounding areas), it usually won’t take long until you realize that it can be a very daunting experience.  Just when you think you may have… Continue reading

Mortgage Insurance Premiums Set to Increase

Effective March 17, 2017, high ratio insurance premiums will be increasing. This comes right on the heels of the changes the federal government set out in October. Below is a chart of the new premiums:

Loan-to-Value Ratio Standard Premium (Current)… Continue reading

Attention Dentists: Own Your Own Location

Are you a dentist and you’re currently leasing your premises?  If you’ve been contemplating buying a location for your practice but don’t feel you can come up with the required down payment, don’t be discouraged.  My lenders can offer loan to values up to 100% of the purchase price, subject to approval.  Rates as low […] Continue reading

Mortgage Costs about to Rise?

The link below will take you to an article outlining how consumers can expect to see mortgage costs start to rise in the next few months.  This is unrelated to changes in the prime rate.  A must read for anyone that has a mortgage or hopes to have a mortgage. http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2016/05/mortgage-costs-about-to-rise.html     Continue reading

Are You Ready for Retirement?

More and more Canadians are going into their retirement years without a lot of money saved in the bank. It is suggested that in order to live a financially comfortable retirement, couples should have saved 50-60% of their peak pre-retirement income, which equates to roughly $42,000 to $72,000 a year or $275,000 to $1,025,000. Singles […] Continue reading

How to Get Rid of your Holiday Debt Hangover

Many people suffer from post New Year’s hangovers as their holiday spending account statements begin to arrive in their mail/inbox. This year, start the year off with a plan to minimize your monthly expense and your interest carrying costs by conducting a no-cost, no obligation financial check-up with your Dominion Lending Centres Mortgage Professional. As […] Continue reading

Down Payment Changes Around the Corner

Down Payment Changes: February 14/16 will be the last day that applications will be accepted before the new down payment changes come into effect. If you’re planning on buying a home for $500,000 or more, don’t wait to get your financing in order. If you have questions about this, contact me today for more details. […] Continue reading

Down Payment Changes Ahead

Effective February 15, 2016, Canada will have new down payment requirements for purchasing residential homes.  For properties selling between $500,000 and $1 million, people getting an insured mortgage will now need to put more down—up to an additional 2.5% of the purchase price. In other words, 5% down will be required on the first $500,000, […] Continue reading
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