Dominion Mortgage Pro Tips
When Refinancing Makes Sense Thinking about refinancing your mortgage? If you’ve been wondering if refinancing your mortgage is the right decision for you, you are not alone. Many Edmonton homeowners are often unaware or unsure of when it may be financially beneficial to refinance. When considering if refinancing makes sense for you, there are three…
July
How Does 0.1% Make a Difference on Mortgage Rates A common comment we hear is “does 0.1% really make a difference in what I pay on my mortgage?” The answer is an unequivocal “YES”. A great way to achieve long-term financial prosperity is by understanding the benefits of the right mortgage interest rate at purchase,…
June
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
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
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
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
Home Buyer’s Plan: Understand Your Investment Brad and Brenda have been putting some money in their RRSPs investments for the last four years. Their last statement shows that they have $12,500 in their RRSP’s savings, and they also have $5,000 in the bank in their savings account. They decided to buy a starter home in…
November
Broker vs. The Bank As a former personal banker, and now mortgage broker, I’ve seen both sides of the mortgage rate fence. And trust me when I say, going with a mortgage broker will save you energy, time and money. We have over 30 lenders, the best mortgage rates, and best products to offer our…
October
We’ve seen a lot of interest rate activity this summer primarily in the longer term fixed rates. At one point the 5 year fixed rate was at 2.79% and now sitting at around 2.89% best rate. The golden question we keep getting asked is if it’s going to continue to go up. We wish we…
October
