Blog
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
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
The short answer – No. But that’s not to say all hope is lost if you don’t have the down payment you need for the home you want. There’s no such thing as a no down payment mortgage in Canada anymore and it’s been that way since 2012. However there’s a different way to help…
December
If you’re looking to buy a home in Edmonton chances are you’re going to need a mortgage – but what type of mortgage is right for you? What kind of mortgages are there even to pick from? Do I go with an Edmonton mortgage broker or go straight to the bank? Purchasing a home can…
November
That Oh So Important Financing Condition There you are, sitting down with your realtor and preparing an offer to purchase for that amazing home that you just looked at this afternoon. You get to the point in the conversation with your realtor about the need for a financing condition and you’re trying to remember…
November
Many of us make them but do we know exactly what our monthly mortgage payments are made up of. Whether you get your loan from an Edmonton mortgage broker or the bank itself, it’s a good idea to know where you’re money is going. So where exactly do all those numbers come from? How much…
November
4 Costly Mortgage Mistakes of those New Home Buying “Incentives” It’s exciting! Brand new shiny homes, opulent new appliances and granite countertops followed by massive marketing with deep discounts, rebates, cashback, free tvs, offers to pay your strata and mortgage payments? Developers are throwing in these incentives to entice buyers and many are getting shocked with…
November
Mortgages can be confusing enough without knowing exactly what your banker or broker is talking about when they’re giving all the important figures you should be paying attention to. Terms like amortization period, GDSR, or blended payments. Brush up on some mortgage terminology so in your next meeting with a broker you can look like…
November
We here at Dominion Mortgage Pros are proud to announce that we have been named one of the Top 35 CMP Mortgage Brokers in Canada for 2013! We couldn’t have done it without all the support from you, our clients. Thank you!
October
Some lenders require payment of property taxes with the mortgage payment to ensure they are paid up to date. The city or municipality has the ability to place a caveat on the title of the property to collect arrears. This compromises the security position of the first mortgage and lenders are not comfortable with this. …
April