The Blog

Why use a Mortgage Broker? Using a Mortgage Broker is an experience you might initially be unsure of. The best way to beat that feeling is to know what a Mortgage Broker does and what they can do for you. It is about doing your research to ensure that you place your dreams of owning […]

December 6th, 2016

What is a Mortgage Rate? A mortgage rate is the going rate of interest charged on a mortgage. Rates are based on the most current lender information and may vary based upon individual circumstances. Mortgage rates rise and fall with interest rates and can affect the homebuyers’ market. In most cases, a mortgage lender determines […]

November 17th, 2016

What is a Flex Down Mortgage Option A flex down mortgage option is a great way to get into a primary residence without having the down payment saved up. If you have strong credit, over 650 with a clean credit history is one of the key qualifying factors. You can’t own other properties to qualify […]

November 3rd, 2016

What is a Variable Rate Mortgage? Variable rate mortgages fluctuate with the prime rate.  They are traditionally priced at a lower rate than the current fixed options, but if prime goes up so does the rate.  That being said if prime goes down you benefit from that.   The one ace in the pocket is that […]

October 21st, 2016

That’s the dream isn’t it? To be mortgage free and own your own home. Just imagine what you could do with all the extra money on a monthly basis. Many Canadians hold a mortgage, credit card, or student loan and the latest numbers from Statistics Canada show that for every dollar we bring in of […]

April 14th, 2016

If you’re like many Canadians you hold either a mortgage, credit card, or student loan, some may hold all three, but a interest rates rise affects your bottom line whatever the case and always, what comes out of your bank account on a monthly basis. Interest rates affect the percentage you pay your lender for […]

March 30th, 2016

Have you heard of the new down payment rules in Canada? If you’re looking for a mortgage in Edmonton, or simply a mortgage in general, there have been a few adjustments to the the down payment rules you’ll need to be aware of. For the most part these new down payment rules, which came into […]

March 15th, 2016

Mortgage Down payments It seems as though there might some confusion when it comes to mortgage down payments in Canada. That’s why we’re here, to help clear things up for you in a easy and concise manner. So here’s the low down on mortgage down payments, what percentage you need to have, and for what […]

February 10th, 2016

What does a Mortgage Broker do? That’s a very good question! Essentially, a mortgage broker is the middleman between the borrower (that’s you) and the lender (most often a bank). They negotiate the terms of the loan on your behalf and help find you the best deal or rate for your financial situation. A mortgage broker […]

January 29th, 2016

Looking for a variable rate mortgage or a fixed rate mortgage but can’t decide? Ask yourself one question – Do you like consistency or the chance to pay less? This is one of the most common questions we field at Dominion Mortgage Professional and one that our brokers have come to answer time and time […]

January 19th, 2016

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