TOP 4 REASONS WHY A VARIABLE RATE MORTGAGE CAN PUT YOU FURTHER AHEAD The general consumer will be hard pressed when left to their own devices to shop on their own for their next mortgage, especially if they visit with one of the BIG banks. Typically they will talk about their most popular and profitable […]

Anti-Money Laundering policies are in full effect with the lenders in today’s mortgage environment. Our own Brent Shepheard from DLC Mortgage Evolution West shares this with us.   VERIFYING YOUR DOWN PAYMENT – WHAT YOU NEED TO KNOW Saving for a down payment is often one of the biggest challenges facing young people looking to […]

4 THINGS THAT WILL KILL YOUR MORTGAGE APPROVAL So, you’ve worked hard to save every penny and have managed to finally afford the down payment necessary on a home. You have searched high and low, only to find the house of your dreams at a price you can afford. Though your credit rating is good […]

Wonderful post to share as a blog from DLC Head Office Most banks boast a higher than 90% renewal rate on their mortgages (some even higher than 95%). Since it costs them a lot more money to acquire a new client vs. keeping an existing one, banks love the savings of a simple renewal. So you […]

Some odds and ends from the week’s mortgage rate action… The Misleading Core… One can be forgiven for wondering why the BoC cut the overnight rate ¼ point on Wednesday when its official “core” inflation measure is above target. As it turns out, core inflation (which has stubbornly risen to 2.3%) doesn’t tell the whole story. Governor Stephen Poloz […]

Buying a house or investment property? We often hear how important it is to get pre-approved for your mortgage amount: It helps us understand our maximum house-price, the down-payment required and the monthly payments we’ll need to make once we purchase the property. But the difference between the pre-approval and the approval process is so […]

The nice thing about an election year that’s accompanied by federal budget surpluses is that it’s fertile ground for tax cuts – and both the Conservatives and Liberals have promised that tax savings are on the way. But who should really benefit from tax cuts? While it might not seem politically correct to suggest that […]

I see this time and time again. Clients have opted for a fixed rate mortgage with their bank – a chartered bank – and they find out the ‘great’ rate they signed up for comes with a massive curveball! IRD – Interest Rate Differential – get to know this term.  It is scary. To get the market […]

BREAKING NEWS – New CMHC Stats show Mortgage Brokers are AWESOME May 29, 2015 Today the Canadian Mortgage and Housing Corporation (CMHC) released their2015 Mortgage Consumer Survey. LOTS of great information but here are   some key stats which once again shows that the majority of first-time buyers in Canada are now using mortgage brokers! Mortgage Broker Market […]

A hilarious short video about the neighbour who gets his mortgage from the bank instead of a broker!   https://t.co/q91Mjndvnp   Copy and paste the links in your browser.  Enjoy!