by Stacey Mass | Jul 12, 2017 | Announcement, Blog, Dominion Lending Centres, Mortgage
Bank of Canada Turns the Tide For the first time in seven years, the Bank of Canada announced today that it was hiking its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic...
by Stacey Mass | Jun 20, 2017 | Blog, Mortgage
As simple as porting your mortgage! Said by no one ever. The truth is, there is nothing simple about porting your mortgage. “Porting your mortgage” involves transferring the remainder of your existing mortgage term, outstanding principal balance, and...
by Stacey Mass | Jun 14, 2017 | Blog, Dominion Lending Centres, Mortgage
Although going through the pre-approval process is more important than ever, the actual term ‘pre-approval’ is often misleading. It really addresses just a few variables that may arise once in the middle of an actual offer. The pressure in many markets has never been...
by Stacey Mass | Jun 8, 2017 | Blog, Mortgage
If you happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout your ex-spouse. For most couples, their property is their largest...
by Stacey Mass | Jun 2, 2017 | Blog, Economy, Mortgage
If you bought a house, or had a mortgage renew roughly five years ago, there’s a chance the struggling economy and the relatively low interest rate environment (at the time) influenced you to “play it safe” and lock in a mortgage term for the next...
by Stacey Mass | May 24, 2017 | Announcement, Blog, Mortgage
The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation is broadly in line with the Bank’s projection in its April Monetary Policy Report (MPR)....
