Reasons Why Your Mortgage Application Might Be Denied: 1. Too Much Debt or Too Many Credit Applications: Already having so much debt when applying for a Mortgage can make your lender believe that you are not capable of paying your rates & are not financially stable enough to afford to buy a home right now. […]

Why Use a Mortgage Broker For Your Finance? EASY: We’ll meet you at a convenient time or place, we can even meet virtually! We take the time to understand your personal situation.   STRESS FREE: We will do the research and compare this with the 100’s of loan products available from dozen of lenders. We’ll […]

5 Myths About Buying a Home Ready to take the leap from renter to homeowner? Buying a home is an exciting time, but many potential homebuyers are hesitant due to common misconceptions. We debunk these common homebuying myths: Myth #1: Your credit must be perfect to buy a home: Don’t worry; a lower credit score […]

How To Get A Mortgage Loan Approval?   Step 1: Mortgage Pre-Approval: The lender reviews your financial situation to determine how much they are wiling to lend.   Step 2: House Hunting & Offer: The home buyer locates a home, negotiates the price, and signs a purchase agreement.   Step 3: Loan Application: The borrower […]

14 Mortgage Questions to Ask Your Lender These mortgage questions will help you find the best home loan from the right lender:1. Which type of mortgage is best for me?2. How much down payment will I need?3. Do I qualify for any down payment assistance programs?4. What is my interest rate?5. What is the annual percentage rate?6. Are you doing a hard credit check on me today?7. Do you charge for an interest rate lock?8. Will I have to pay mortgage insurance?9. What will my monthly payment be?10. Do you have an origination fee?11. What other costs will I pay at closing?12. How — and how often — will I be updated on the loan’s progress?13. Do I have to sign all the paperwork in person?14. How long until my loan closes?Do You Have Any Queries? Call me or shoot me an email: beataw@dominionlending.ca #mortgage2022 #mortgageloans #mortgagebroker #mortgagerates #mortgagelender #CanadaMortgage #Mortgage #MortgageLender #FirstTimeHomeBuyer #homeloan #homefinance #Refinance #mortgagetips #RefinanceMortgage #realestate #mortgagetips #loanmortgage

Reasons To Buy And Not Rent Homeownership is a long-term investment, so the sooner you buy, the larger the potential reward will be later. Invest in your own home today and start enjoying the benefits. – Your monthly payment goes toward your homeownership. – You will have an asset that builds equity over time – […]

How Long Does It Take to Get Preapproved For A Mortgage?   No matter if you get preapproved through us, a national bank or a local firm, the steps to getting preapproved are simple.   First, you’ll need to submit a mortgage application. Typically, the lender will then run a check on your credit history […]

  Top 10 Things to Avoid Before Applying for a Mortgage:   As a homebuyer, you don’t want anything to jeopardise your chances of closing on the home you’ve selected. Making any of the following mistakes could reduce the amount of financing you qualify for, result in a higher interest rate on your mortgage or […]

Record Home Price Growth Continued in December The Canadian Real Estate Association’s House Price Index was up 26% year-over-year as of December, the fastest pace on record. Analysts say the ongoing price increases are being driven by falling inventory levels and increased demand as buyers try to make their purchases ahead of expected interest rate hikes from […]

The Latest in Mortgage News: CMHC to Review Investment Property Down Payments It’s no secret that the federal government is eyeing reforms to investment properties in an effort to help reel in runaway house prices. In a mandate letter sent from the Prime Minister in December, Housing Minister Ahmed Hussen was specifically directed to “review […]