With the recent shift in shorter term mortgage rates a second look at the 10 year fixed term as an inflation hedge mortgage strategy may be a timely. For those home owners with some equity in their home who may want to consolidate debt or refinance to take out equity and buy a second home […]

When you are new to Canada and establishing credit, deciding on the best way to create a good credit history can be difficult. You need a good credit rating in Canada if you are planning to rent or buy a home, buy a car or borrow money. By taking some important first steps to get […]

Dominion Lending Centres has partnered with Visa and Desjardins to offer our valuable clients Low Rate Visa cards.  If you need to establish credit for the first time, to rebuild credit or want to manage your debt and lower your monthly costs, consider our range of credit cards.   There are six different cards available, including: Student […]

The true cost of mortgage penalties is a common concern and complaint among homeowners so it seems reasonable to review it once again as a follow up of my previous post in Sept 2012. Due to the sometimes complex calculations the banks use to determine this amount – consumers have been left in the dark […]

You may have noticed on my website (www.mybcmortgage.ca) our brokerage office has joined forces within the Dominion Lending Centres network.  Although our company name has changed, my contact details have remained the same and you will still receive the same value-added mortgage services. I am still offering excellent service to ensure you receive the best […]

You would go crazy – like me – if you watched the fixed rates. We have seen them go up and down slightly over the past year and it seems 5 year fixed rates are moving up again. How do you make heads or tales of it when you are trying to lock in your […]

When it comes to buying a home or refinancing your existing property it is important to know what information you need to provide to the lender including the documents for mortgage approval. Delays on approval for mortgage applications in most cases occur for the same reason, lack of documents for mortgage approval. Most people can […]

According to the Ministry of Advanced Education and Labour Market Development there are over $150,000 temporary residents in BC in any given year—that’s more than double from 2005 to 2009. This includes international students and humanitarian cases but approximately 50% of those temporary residents in BC are employed with a work permit.  In many instances these […]

Did you know you can get a mortgage for renovating your home?  Many home buyers and existing home owners are deciding to get more bang for their buck by purchasing a home that needs some improvements.  Whether you are renovating at the time you buy or waiting for a few years there are financing options […]

With a competitive spring market in full force banks and credit unions are offering rates for their mortgage with free legal fees.  Before you sign on what seems to be a great offer take a look at the numbers and see what a mortgage with free legal fees is really costing you. This is one […]