7 Questions Buyers Should Ask Their Mortgage Lenders

General Tim Hill, MBA 23 Apr

f it wasn’t for mortgages, most Canadians probably wouldn’t be able to afford a home purchase. But thanks to home loans, investing in these expensive assets is made possible. Given the sky-high prices of homes these days, it’s nearly impossible to be able to come up with the funds to cover the full purchase price […]

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Bill Morneau’s Bizarre New Plan to ‘Help’ First Time Homebuyers

General Tim Hill, MBA 22 Mar

In the 2019 Federal Budget, Finance Minister Bill Morneau announced a new plan to help First Time Homebuyers. The idea is to improve affordability by providing a government 5% Equity Interest (10% on new construction) on home sales: effectively an interest-free loan, with actual repayment terms undetermined, but due upon sale of the home. Which […]

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A Few Reasons Why You Should Consider A Variable Rate Mortgage

General Tim Hill, MBA 7 Dec

Five-year fixed mortgage rates continued their upward march last week as the five-year Government of Canada (GoC) bond yield they are priced on hit its highest level in seven years. Meanwhile, five-year variable-rate discounts deepened, further widening the gap between five-year fixed and variable rates. When I started working in the mortgage industry in 2005, […]

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Would A Co-Signor Enable You To Qualify For a Mortgage?

General Tim Hill, MBA 7 Dec

There seems to be some confusion about what it actually means to co-sign on a mortgage… and any time there is there is confusion about mortgages, it’s time to chat with your trusted Dominion Lending Centres mortgage professional! Let’s take a look at why you would want to have someone co-sign your mortgage and what […]

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Fixed-Rate Mortgage: What Lenders You Should Do It With And Why

General Tim Hill, MBA 11 Oct

25-year amortization or 30 years? Insured or Uninsured? With an A Lender or B Lender? These are just a few of the questions people have to decide on when they are pursuing a mortgage. But the biggest question of all: Fixed Rate or Variable Rate? With the instability of the market, and the Bank of […]

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In the news … Rate Increases and Affordability

General Tim Hill, MBA 16 Jan

Last week’s fixed-rate interest hikes at major banks—as well as the likely Bank of Canada prime increase on Wednesday—could spell bad news for Vancouver house hunters. Tim Hill, a mortgage broker with DLC Primex Mortgages, says that interest rate increases and tighter lending standards are adversely affecting Lower Mainland housing affordability, and short shrifting first-time buyers, in […]

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What Is Title Insurance?

General Tim Hill, MBA 11 Dec

When you own real estate property you hold the “title” to that property. The title states your ownership. When purchasing a property, your lawyer/notary registers your transfer of title in the public records of the area in which you live. With a title insurance policy from FCT you will have peace of mind knowing you […]

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