Mortgage News
Building credit in Canada can sometimes feel like navigating a maze, especially if you’re thinking about applying for a mortgage. At Dominion Mortgage Pros, we understand that establishing good credit is a crucial step on your path to homeownership. So let’s break it down in a clear, friendly way. Why is Building Credit Important? First…
July
Moving to a new city is both exciting and daunting, especially when it comes to securing a home. For newcomers to Edmonton, we at Dominion Mortgage Pros understand that navigating the mortgage landscape can feel overwhelming at first. But fear not—we’re here to simplify it for you. Whether you’ve just landed in our vibrant city…
June
Understanding Mortgage Pre-Approval vs. Pre-Qualification: What Every Canadian Homebuyer Should Know
At Dominion Mortgage Pros, we often hear the terms “pre-approval” and “pre-qualification” tossed around a lot, especially among first-time homebuyers in Edmonton. If you’re looking to buy your first home or even considering refinancing your current mortgage, it’s essential to understand the difference between these two concepts. In today’s post, we’ll explain what you need…
June
In Edmonton, understanding the condo market can have a big impact on your mortgage choices. We at Dominion Mortgage Pros believe that your knowledge of local trends is essential, not just for potential homebuyers but also for those looking to refinance or upgrade their current living situation. As we dive into the intricacies of the…
June
Moving to a new city like Edmonton is an exciting adventure, filled with new opportunities and experiences. If you’re a newcomer and you’re considering purchasing your first home, understanding the mortgage process can seem daunting. But don’t worry! Here at Dominion Mortgage Pros, we’re here to guide you through that process. We’ll break down the…
June
Well, hello there! If you’re in Edmonton and looking at mortgages—whether for buying your first home, refinancing an existing loan, or just getting more informed—you’re in the right place. At Dominion Mortgage Pros, we believe that understanding mortgages shouldn’t be rocket science. Our goal is to equip you with the information you need to make…
June
When it comes to securing a mortgage in Edmonton, being self-employed can add a layer of complexity to the process. At Dominion Mortgage Pros, we understand that freelancers and business owners have unique financial situations that traditional income earners may not face. But don’t worry! With the right approach and knowledge, you can successfully navigate…
May
When it comes to buying a new home in Canada, one of the first hurdles we face is the down payment. Understanding the ins and outs of down payment rules can save us not just money but also some sleepless nights. At Dominion Mortgage Pros, we believe that knowledge is power, especially when it comes…
May
When it comes time to buy a new home, navigating the complexities of the mortgage world can feel overwhelming. We at Dominion Mortgage Pros understand this challenge, and we want to shed some light on a key decision you’ll need to make: whether to work with a mortgage broker or just go through your home…
May
When it comes to navigating the world of mortgages, staying informed is key, especially now that mortgage rates in Canada are on the move. At Dominion Mortgage Pros, we understand how important it is for home buyers in Edmonton to strategize effectively when making big financial decisions. Let’s break down some of the best strategies…
April
Buying a home is a big step, and at Dominion Mortgage Pros, we know it comes with lots of questions, especially about choosing between a fixed or variable rate mortgage. It’s essential that we understand the nuances of each option, as the choice can have a significant impact on your finances over time. So, what…
February
At Dominion Mortgage Pros, we know that making mortgage payments can feel like a marathon at times. For many homeowners in Edmonton, Alberta, navigating the path to paying down your mortgage faster or reducing those monthly payments can be an uphill battle. However, there are several smart strategies that can help you achieve your goals.…
February
When it comes to mortgages, we all know that renewals can be a bit like going to the dentist – necessary, but not exactly something we look forward to. However, unlike dental visits, which might leave us with a mouth full of novocaine, mortgage renewals can actually be a golden opportunity to enhance our financial…
January
Hey there, Edmonton homeowners and mortgage adventurers! Mortgage rates and the housing environment can sometimes feel like a game of chess. Just when you think you’ve figured it out, the game changes. But don’t worry—we’re Dominion Mortgage Pros, and we’re here to help you navigate the current landscape like the champs you know you are!…
January
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
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
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
What You Need To Know About Deposits & Down Payments On A Purchase When you write a contract to purchase a home, in the offer you’ll need to include a deposit amount, which you’ll agree to pay upon subject removal. This amount will then form part of the down payment upon closing. This amount does…
November
Buying a Second Home There are a growing number of families living in Vancouver, moving to the region, who are choosing the option of buying a second home in the lower mainland or in one of the many great locations throughout British Columbia. When it comes to mortgage financing, there are many lender programs available…
November
Rate Hold vs. Pre-Approval mis-con-cep-tion (noun) – a view or opinion that is incorrect because it is based on faulty thinking or understanding; mistaken notion; an erroneous conception. With not knowing how to start this particular blog post, I decided to look for some images that might summarize the topic best – What is the…
November
