Emotional Homebuyers Can Lose Out On the Best Deals

31st August 2017

Buying a home is financial decision, but also an emotional experience. Before we’ve explored every room, we often start imagining our new lives there. Where our furniture will go. The parties we’ll host in the open-concept living-dining space. The mornings we’ll spend at the breakfast bar overlooking the garden or skyline… When a home speaks […]

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Reverse Mortgages – No, We Don’t Want Your Home!

30th August 2017

Reverse Mortgages have had their share of misconceptions. In fact, we are often approached with false assumptions and unfounded facts about the product that steer the public to think of the product in a negative light. This article will cover one of the most common myths and the real facts behind this myth that has […]

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Getting a Mortgage After Consumer Proposal or Bankruptcy

29th August 2017

Life can definitely throw some challenging financial situations your way. As mortgage professionals, we can provide solutions and strategies during or after these challenging times in order to get you back on track. We have access to banks, trust companies and mortgage companies that specialize in this transitional period to help you move forward with […]

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Spousal Buyout Mortgage?

28th August 2017

If you happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout your ex-spouse. For most couples, their property is their largest asset and where the majority of their equity has been […]

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Managing your mortgage

25th August 2017

Why is it important for you to have a mortgage manager? Reaching your financial goals is attainable! There are some things to consider before securing your mortgage: Is there a potential of you buying an investment property or a vacation home? Are you considering scaling up or downsizing? Do you think you might move or […]

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How Low Can They Go? Thoughts on Cap Rate Compression

24th August 2017

Cap Rates are one of the key metrics in commercial real estate investment analysis. In very simple terms, its the ratio of rent paid by your tenants, to the price/value of the building. An important barometer on the current state of the market, cap rates are inversely related to value. As the price/value goes up, […]

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How to Renew Your Mortgage in 5 Easy Steps

23rd August 2017

If you have a mortgage, chances are unless you win a lottery (cha-ching $$$) you’ll be doing a mortgage renewal when your current term has finished. While most Canadians spend a lot of time, and expend a lot of effort, in shopping for an initial mortgage, the same is generally not the case when looking […]

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Avocado Toast & Budgeting

22nd August 2017

There was an article reprinted in the National Post recently about an Australian millionaire’s opinion on millennials not being able to afford a home because they’re wasting money on avocado toast, at $22 per plate. The article was quickly mocked but it was an interesting article on two fronts: 1) the irresistible urge for avocado […]

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Everything you Need to know about Reverse Mortgages

21st August 2017

Wouldn’t it be wonderful to be able to have money to do more of the things you love? To be able to have the freedom to pursue things you truly enjoy, especially in your Golden Years? Enter in a CHIP Reverse Mortgage! A Reverse mortgage is a simple and sensible way to unlock the value […]

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Top 5 costly financial mistakes homeowners make with their mortgage

18th August 2017

 1. Not consolidating high interest debt into low interest mortgage. 2. Paying “fees” to get the lower rate 3. Not looking at their long term forecast 4. Taking a 5 year rate when 3-4 years can be cheaper 5. Having their mortgage with a lender that has high penalties and restrictive clauses. Not consolidating high […]

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What does the future hold for mortgages?

17th August 2017

 There have been a dizzying number of changes to the mortgage rules over the last six or seven years. The red hot markets in Toronto and Vancouver coupled with increased household debt and concerns over the risk to the Canadian tax payer through CMHC have caused the federal government to step in repeatedly. Here are […]

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10 things NOT to do when applying for a mortgage – buying a home or refinancing

16th August 2017

 Have you been approved for a mortgage and waiting for the completion date to come? Well, it is not smooth sailing until AFTER the solicitor has registered the new mortgage. Be sure to avoid these 10 things below or your approval status can risk being reversed! 1. Don’t change employers or job positions Any career […]

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Housing Market Weakens Further in July, But Drag From GTA Dissipates

15th August 2017

This morning’s release of the Canadian Real Estate Association (CREA) data for July confirmed that key housing markets in Canada continued to slow, led by the Greater Golden Horseshoe (GGH) region surrounding Toronto. This region’s marked slowdown began in late April with the announcement of a 15% foreign tax credit and a sixteen-point program to […]

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Secrets for building your credit

15th August 2017

 Over the years, I have come across all sorts of people who have had no idea what their credit score is. Some of them have declared to me that they have great credit only to find that they had poor credit scores or a number of late payments. I have also had people tell me […]

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The Role of a Mortgage Broker

14th August 2017

 Buying a home is a big step – a big, very exciting, potentially stressful step! How can you take the hassle out of the equation and keep your buying experience super positive? Easy… Surround yourself with a team of experienced professionals!   Many experienced realtors insist on starting your financing first, that’s where your Mortgage […]

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Is it Really All About Rate?

11th August 2017

 Is It Really All About Rate? You might conclude that it is. You may think that securing the lowest rate is key to your real estate investment success. However, rate is but one of the four main components of any commercial mortgage offer. Amount, term and amortization period are also critical factors. It’s all related […]

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Know Your Numbers

10th August 2017

 Most people know their weight. Their height. Their age. Their birth date. Their address. Their SIN. Even their income. Could you imagine if you always had to say to someone, “Can I get you that information when I get home? It’s written down in my planner… ” Knowing your everyday numbers is important. It allows […]

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June 2017 – Top 20 Award with DLC

10th August 2017

We have a top notch team here at NDLC and we are consistently outshining the competition. We’re very proud to win 2nd place in Dominion Lending Centres Canada Top 20 Mortgages Funded Monthly for June 2017.

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Home Equity Line of Credit in Canada vs. Reverse Mortgages

9th August 2017

 In our business, we are constantly approached with questions about how reverse mortgages work and how they compare to Home Equity Lines of Credit (HELOCs). HELOCs are the most closely comparable products in Canada and many believe them to be superior to reverse mortgages. But many Canadians look at only two things and assume HELOCs […]

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Financing Success: Finding funding when the bank turns you down

8th August 2017

 For businesses large and small, a loan may be needed to overcome financial distress, purchase real estate, or acquire equipment to make their jobs easier. Business loans come in all sizes and for use in every aspect of business. Depending upon the size, age, and niche of your business, you can find available funding for […]

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Conventional Mortgages Have Become…

4th August 2017

 What have they become? Well in one word complicated. I just ran some numbers for a client and it is based on a $400,000 purchase with 20% or $80,000 down payment. These three scenarios have been reproduced in our Filogix system and the numbers are as per their calculators.   Scenario one is get a […]

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Five things to think about when you buy a rural property

3rd August 2017

 After several years as a home owner, my friend was set to buy the home of his dreams. He always wanted to own an acreage outside of town. He had visions of having a few animals, a small tractor and lots of space. As a person with experience buying homes he felt that he was […]

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Homebuyers: Avoid These Common Mortgage Pitfalls

2nd August 2017

Steve Huebl   – Canadian Mortgage Trends July 21, 2017 A home is the largest purchase most people will make in their lives. That should reinforce the importance of planning ahead, doing your research, relying on the advice of experts and not rushing through the process. With nearly 700,000 homes purchased in Canada each year, there’s […]

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Understanding how Bridge Financing Works

2nd August 2017

 Sometimes in life, things don’t always go as planned. This could not be truer than in the world of Real Estate. For instance, let’s say that you have just sold your home and purchased a new home. The thought was to use the proceeds of the sale of your house as the down payment for […]

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The Backyard Wedding

1st August 2017

From the summer issue of Dominion Lending Centres’ Our House Magazine.  One woman’s experience planning— then living—her dream nuptials under the open sky of her in-laws backyard. Some of the most stressful parts of planning a wedding involve picking a venue for the reception. For Kate Brady, and events manager by trade, she knew exactly […]

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