How to Talk to Your Parents about Reverse Mortgages

General Greg Weaver 1 Sep

Talking about money is one of the last taboos and can make people feel very uncomfortable – a feeling that’s only amplified when it comes to talking about your parents’ money. However, when a conversation’s difficult, that normally means it’s worthwhile having; and getting transparency on your parents’ financial situation can help you help them […]

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What a Piggy Bank Just Won’t Do

General Greg Weaver 26 Aug

You’ve reached a point in life where your job is going well, and you find yourself not only out of debt but with some room for savings. You might start wondering, where should I put this money that will not only be safe for the future but also grow? That’s when you’ll probably start hearing […]

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The Mortgage Financing Process

General Greg Weaver 20 Aug

The number one question for any potential home buyer or someone new to the mortgage process is “what does this process entail?”. The following is a simple outline to give you an idea of the process and help you understand what to expect as you embark on your home buying journey! STEP 1 – BE […]

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Choosing Your Mortgage Agent

General Greg Weaver 18 Aug

There is little doubt that the biggest purchase of your life will be your home. When embarking on your homeownership journey, having the right support and information will make all the difference. Fortunately, a mortgage agent can help! With access to more than 50 lending institutions including big banks, credit unions, and trust companies, mortgage […]

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Are You Ready for Home Ownership?

General Greg Weaver 6 Aug

While most people know the main things they need to buy a home, such as stable employment and enough money for a down payment, there are a few other factors that may help you realize you’re ready – perhaps even earlier than you thought! In fact, there are four main things that can help you […]

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CMHC Home Buyers Guide

General Greg Weaver 23 Jul

Market Smarts: Home Buying Guide. The Canada Mortgage and Housing Corporation (CMHC) is one of Canada’s three mortgage insurers. Beyond insuring mortgages, CMHC also offers consumer guidance in the form of a unique step-by-step guide for home buying Canada, which the organization has dubbed the “roadmap” to homeownership. The 27-page guide, Homebuying Step By Step […]

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Changes to the Stress Test and What You Need to Know

General Greg Weaver 6 Jul

As you may have heard, the Bank of Canada recently changed the stress test rules as of June 1, 2021. With these changes, now both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. The new qualifying rate on uninsured and insured mortgages is now the […]

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Introducing the First Responder Mortgage Program™.

General Greg Weaver 24 Jun

Dominion Lending Centres is proud to announce our brand new First Responder Mortgage Program™. In times of uncertainty, we can always count on our first responders. From coast to coast, you put Canadians first and ensure the health and safety of this great country – and we wanted to give you something in return. The […]

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5 Approval Roadblocks

General Greg Weaver 21 Jun

When in the process of buying a home, there is nothing worse than having your mortgage broker or lawyer call and say “there is a problem”. If you have found your dream home and negotiated a fair price, which was accepted, and you have supplied all the documentation to your broker, you assume everything is […]

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25 Secrets Your Banker Doesn’t Want You to Know

General Greg Weaver 13 May

Twenty-five or thirty years can sound like an impossibly long time to service a loan – and for many of us, it is. If you are looking to pay off your mortgage faster, here are some tried-and-true tactics to get you to financial freedom that much sooner! Make a Double Mortgage Payment: A double payment […]

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