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mortgage refinance

Bank of Canada Rate Update

Yesterday the Bank of Canada left the overnight rate unchanged again, stating that the economy is performing as expected. It is expected to remain unchanged until at least October of this year. Many economists however, feel the economy could be heading for a recession and that rate cuts are necessary. The economic data over the… Read More…

Pay Off Your Debt AND Reduce the Amortization on Your Mortgage

Paying down, and off, debt is a priority in everyone’s life.  Every family and individual should have a written household budget.  There are plenty of these online to be had.  If you don’t have one or would like me to send you one, please email me and I will do so. By paying off one… Read More…

More Mortgage Changes Ahead!

Last week the government announced yet another set of rule changes that will impact the conventional mortgage market; those who have at least 20% equity/down payment on their property.  They have implemented what is called a “stress test”, effective January 1/18. In order to qualify for a mortgage, the financial institution will have to add… Read More…

Your Credit Bureau-What You Need to Know

Have you ever wondered why your credit score is as low as it is when you are diligent in meeting the monthly obligations?  It’s derived of more than your repayment history & how many inquiries you may have.  Below is the matrix that is used in determining your score: 35% of the score is based… Read More…

New Dominion Lending Commercial!

https://youtu.be/uhMn45iV51k

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