Canada Mortgage and Housing Corp. is putting a cap on the amount of mortgage-backed securities sold by banks that it is willing to guarantee. A spokesperson with CMHC confirmed media reports Monday that the national housing agency will, effective immediately, limit banks and other mortgage lenders to $350 million worth of new mortgage-backed securities per […]

Are you thinking of getting into a leasehold strata property? Metro Vancouver has hundreds of leasehold townhouses and condos. Some of them offer an attractive lifestyle because of their central location and stunning views. You don’t own the land, so a leasehold strata property costs less than a freehold one. Compared to renting, getting into […]

When buying a home in British Columbia you have various options including a house, condominium or town home and you also have the option of buying leasehold property in certain locations throughout the province.  There are also different kinds of leases such as private, native and crown corporation (government).  In each case they are treated […]

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 […]