Ben Bourgeois with Dominion Lending Centres

Looks like there's a bit of chat regarding changes to the mortgage stress test. Hopefully talk turns into action.

Looks like theres a bit of chat regarding changes to the mortgage stress test. Hopefully talk turns into action.

Fantastic idea by Jason Kenney!

Optimistic article on whether or not prime rate will increase this year. This article indicates that there is a 40% chance prime rate will increase, with a chan...ce that there could be a decrease in rate. Currently, the spread between variable and fixed rates are roughly .75%, with variable rates being the cheaper of the two. 9.9 out of 10 times the Bank of Canada will increase rates by increments of .25% allowing for roughly 3 rate hikes to happen before interest rates were to be on par. With the increased chance of prime rate staying the same, lenders will start rolling back heavily discounted variable rates in some capacity. Some have already. Variable rates are an attractive option with a lower rate and cheaper mortgage penalties compared to a fixed rate but they arent for everyone. Fixed rates are the best option for someone who is looking for stability and is 100% certain they will not be breaking there mortgage term, triggering a much more expensive mortgage penalty. There is also a chance our economy turns around, opening up a real chance prime rate will increase multiple times over the next 1 year period. My suggestion would be to have a conversation with a mortgage professional about the current state of the market, your situation, your tolerance for risk if youre looking to renew your mortgage, purchase or refinance. If you have any questions, feel free to give me a call at 7809745400 or shoot me an email at [email protected]

Very interesting read. Over the past month or so there has been quite a bit of chat about prime rate increasing multiple times next year and to go with a fixed interest rate. This article is the other side of the argument and from my point of view, it totally makes sense.

Very excited to introduce my new mortgage app. This app includes many useful features such as calculating how much of a house you qualify for based on income, d...ebt, down payment and the stress test, shows different interest rates with different lenders and has an area that will give estimated cost for closing costs. See more

What was a foregone conclusion that prime rate will increase July now is sitting at a 65% chance. The current spread between a 5 year fixed and a 5 year variable remains at around 1% making variable an extremely attractive option.

Mortgage qualifying rate of 5.34% is now in effect with 99% of lenders.

Great news! Yesterday the Bank of Canada decided not to increase prime lending rate. Variable rates remain unchanged!

Very strong chance interest rates increase on January 17th. Get your pre-approvals/rate holds in as soon as you can.

HELP please! Looking for painters, handyman, lawyers, landscapers and so much more. I am just putting the finished touches on our app that we will provide to ...all of our clients. This app will be a resource for them to go to for ANYTHING home related. This is where I need your help. We would like to have 3 separate referrals for each category and I have some empty spaces that I need filled but I dont want to fill them with just anybody. I want to hear about your experiences and why we should refer this individual. If you know of anyone who does any type of work that is associated with owning a home and think we should consider adding them, comment below and tell us about your experience and dont forget to add them in the comment as well so I can reach out to them. I look forward to your references.

Caught in an unexpected bad financial circumstance? Our Dustan Woodhouse explains why a mortgage broker can help find you options to get you back on your feet https://dominionlending.ca/news/returning-to-the-a-side/

No change in the Bank of Canada rates. Everyone with a variable interest rate will remain unchanged.

Massive dropped in the insured mortgage mortgage market.

This article does a great job illustrating what a pre-approval actually is. Pre-approvals or more like a pre-screening. When going in for pre-approval a basic application is filled out, a credit check is done, general document review from your broker or bank advisor but not by the person who actually approves your mortgage, the underwriter. The other part to consider is the property. All properties go through some sort of appraisal to determine worth. If the appraisal does not come in at the value of your purchase, it as there could be some issues with a lender approving your mortgage. To make a long story short, pre-approvals do not guarantee approvals.

This article was written in 2015 but the premise behind it still remains true today. In many cases the absolute lowest mortgage rates carry extremely steep mort...gage penalties, often thousands more then a standard mortgage penalty. The typical savings are about .05% which will save you around $3-5 per month per $100,000 borrowed. When choosing a mortgage be sure to know all the facts, the lowest rate may not necessarily save you the most money. See more

Good tips post mortgage from Michael Hallet

BREAKING: Bank of Canada maintains overnight rate target at 1 per cent http://www.bankofcanada.ca///fad-press-release-2017-10-25/

New mortgage changes - what they mean now, what they mean for Jan. 2018. Our Geoff Lee explains

Great article on what the general guidelines are for credit and debt servicing a mortgage.

In the worst case scenarios, CMHC will still come out ok.

My Vegas promotion is still running! Mortgage interest rates havent changed too much recently, feel free to reach out with any questions. Im available all weekend @ 780974500.

Check out my latest Mortgage interest rates! Also, my vegas promotion is still on! Message me for details.

3 bed, 1 bath home. $11,000,000.

Check out my fantastic new promotion with great mortgage rates!

New Vegas promotion has officially started! 2 nights, 2 flights. If interested please reach out to me for details!

Thank you George Johnson for allowing me to help you with your mortgage renewal! I really appreciate the business!

Mortgage interest rates have dropped on purchases with less than 20% down payment! In addition, there is a great 30-month rate of 2.49% with great pre payment privileges and mortgage penalties! Seems like the sudden rise in interest rate has come to a halt... for now.

Looks like housing prices are on the rise!