11 Deadly Mistakes When Applying for a Mortgage

 

Get the Right Information 
Whether you are about to buy your first home, or are planning to make a move to your next home, it is critical that you be informed about the factors involved.
Everyday people have their mortgage loan turned down because of one or more of these mistakes.  By taking these few minutes [...]

How To Prepare For Home Purchase

When you are preparing to purchase a home, there are a number of steps that you will follow to make the process more rewarding and enjoyable.
These are some of the steps to help you:

Determine what your family’s housing requirements really are. Consider location, number of bedrooms and bathrooms required, garage, etc.
Obtain an employment letter from [...]

Canada’s Interest Rates

According to a spokesman, The Bank of Canada will not raise its interest rates to cool the country’s hot housing market.
Those who fear a bubble worry that many people are taking advantage of cheap money to buy homes they wouldn’t be able to afford once rates rise, leading ultimately to a crash in prices.
 

Lane said [...]

Quick Tips From Dominion Neighbourhood Lending of Barrie

Avoid Changes to Your Financial Profile During the Loan Process

This article is being sent to you as part of our “Mortgage Process Series” information program.

Once your loan application has been sent to the lender, there are a number of things you should avoid doing that will change your financial picture. Remember, the lender is looking [...]

Benefits of All Time Low Mortgage Rates & Helping You When Thinking on Re-Financing

By lowering interest rates in order to stimulate economic growth, the Bank of Canada has cleared the way for mortgage rates that remain at historically lower levels.
First time buyers are coming in to take advantage of the ultra-low interest rates as well as the grants specifically for first time buyers saving them thousands of dollars.  [...]