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Category: Financing (37 posts)
Problems Securing a Bank Mortgage? THINK Private Mortgage!
May 25, 2023 | Posted by: Keith Leighton
Problems Securing a Bank Mortgage? THINK Private Mortgage! Qualifying for mortgages nowadays can be challenging. Government regulations affect down payments, investment properties and high-ratio ... [read more]
Fixed Mortgage Rates Are Falling
February 10, 2023 | Posted by: Keith Leighton
Fixed Mortgage Rates Are Falling While rates have been steadily climbing for variable mortgages, fixed mortgage rates have been moving in the opposite direction. Certain lenders and national broke ... [read more]
Recession Proofing Your Finances
January 27, 2023 | Posted by: Keith Leighton
Recession Proofing Your Finances The latest news has been focused on rising interest rates, surging inflation, and economic uncertainty with suggestions that the Canadian economy could be tripped i ... [read more]
Top 5 Financial MIstakes To Avoid
December 14, 2022 | Posted by: Keith Leighton
5 Financial Mistakes to Avoid 2022 has been nothing but bad news financially for most Canadians. Everything we buy costs more, and interest rates are making our mortgages and other loans a lot more ... [read more]
10 “Must Know” Credit Score Facts
December 2, 2022 | Posted by: Keith Leighton
10 “Must Know” Credit Score Facts If you are in the market for a home or a new car, you are probably very familiar with your credit score. Lenders are one of the primary users of credit ... [read more]
Investment Properties - Income Supplement? Pension?
July 29, 2022 | Posted by: Keith Leighton
Investment Properties - Income Supplement? Pension? An investment (or rental) property, can be a great option for generating additional monthly income and growing your wealth over time, if done pro ... [read more]
Debt: To consolidate or not to consolidate? That is the question.
July 22, 2022 | Posted by: Keith Leighton
If you are a Canadian living in debt, you are not alone. According to Statistics Canada, household debt grew faster than income last year, with Canadians owing $1.83 for every dollar of household di ... [read more]
How Bridge Financing Works
June 14, 2022 | Posted by: Keith Leighton
HOW BRIDGE FINANCING WORKS In life, things rarely go as planned. This is especially true when it comes to real estate! When it comes to buying a new home, in a perfect world, most of us would like ... [read more]
When Was Your Last CREDIT CHECK-UP?
June 7, 2022 | Posted by: Keith Leighton
When Was Your Last CREDIT CHECK-UP? A few simple steps to healthy credit… Just like you should have a physical every year to make sure you’re healthy, you should do the same for your ... [read more]
Changing Your Financial Direction
May 20, 2022 | Posted by: Keith Leighton
Changing Your Financial Direction Did You Know? The average Canadian owes $23,000 in consumer debt and has at least 2 credit cards. Source: CBC.ca If you live paycheque to paycheque, the idea of s ... [read more]
The RATE Debate
May 13, 2022 | Posted by: Keith Leighton
The Rate Debate One of the first questions that potential buyers want answered is: “What is your interest rate?” It is easy to think that this is the most important question, but the ... [read more]
Key Documents For Mortgage Approvals
April 27, 2022 | Posted by: Keith Leighton
KEY DOCUMENTS FOR MORTGAGE APPROVALS Documents Required to Qualify for a Mortgage Mortgages can sometimes feel like endless stacks of paperwork, but being prepared in advance can save you time and ... [read more]
Bank of Canada Hikes Rates by 50 BPs, Signalling More To Come
April 14, 2022 | Posted by: Keith Leighton
Bank of Canada Hikes Rates by 50 BPs, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points for the first time in 22 ... [read more]
Coping With Rising Interest Rates
March 25, 2022 | Posted by: Keith Leighton
Coping With Rising Interest Rates We've observed an uptick in fixed-term mortgage rates from all of our lenders during the last few weeks. In just two months, the banks, including the RBC, TD and S ... [read more]
The Credit Challenge
March 18, 2022 | Posted by: Keith Leighton
The Credit Challenge For most people, credit score isn’t something you spend much time thinking about. Especially if you are someone who is making good money and paying all your bills on time ... [read more]
BoC to Hike Rates in March
February 17, 2022 | Posted by: Keith Leighton
BoC to Hike Rates in March Canadian Inflation Rose 5.1% in January StatsCanada today reported that consumer price inflation rose to 5.1% from year-ago levels in January, compared to 4.8% in Decemb ... [read more]
OMICRON: IMPACT ON MORTGAGE RATES
December 23, 2021 | Posted by: Keith Leighton
OMICRON: IMPACT ON MORTGAGE RATES The Omicron variant coupled with an expectation of continuing high inflation has prompted investors to reconsider the possibility of future Bank of Canada rate hik ... [read more]
Property Market Outlook: 2022
December 9, 2021 | Posted by: Keith Leighton
PROPERTY MARKET OUTLOOK: 2022 It is predicted that Canada's double-digit house price inflation will drop-off next year, but the cost-effectiveness may still decrease in one of the world's h ... [read more]
Short Term Financing
November 19, 2021 | Posted by: Keith Leighton
Your quick guide to your best short-term financing options. Short-term financing – credit or loans that are designed to be paid off in a short period of time – can be a useful financial ... [read more]
While There Are “A” Lenders, There’s Always “Alternative” Lenders.
October 21, 2021 | Posted by: Keith Leighton
There’s Always “Alternative” Lenders When it comes down to getting approved for a mortgage, there are a lot of factors and not everyone will qualify. What are your options if the ... [read more]
High Inflation and Mortgage Rates
September 10, 2021 | Posted by: Keith Leighton
What Does High Inflation Mean For Mortgage Rates? Canada’s inflation rate was above expectations in August, rising to its highest level in more than a decade. If above-target inflation persis ... [read more]
Inflation Heightens Speculation
July 27, 2021 | Posted by: Keith Leighton
Inflation Heightens Speculation Rising inflation here in Canada and in the United States is heightening speculation central banks will be looking at interest rate hikes sooner than forecast.The las ... [read more]
5 Mortgage Approval Roadblocks
June 11, 2021 | Posted by: Keith Leighton
5 Approval Roadblocks. 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 ... [read more]
THE IDEAL MORTGAGE QUALIFYING CLIENT
March 17, 2021 | Posted by: Keith Leighton
THE IDEAL MORTGAGE QUALIFYING CLIENT There are a million variables that determine how one can qualify for a mortgage. The banks, mortgage lenders and credit unions all have different guidelines to ... [read more]
How a CHIP Reverse Mortgage Can Help You Cover the Costs of the Holiday Season.
December 18, 2020 | Posted by: Keith Leighton
How a CHIP Reverse Mortgage Can Help You Cover the Costs of the Holiday Season. As you’re undoubtedly aware, the holiday season can be a very expensive time. Not only are there gifts to buy, ... [read more]
Bank of Canada Confirms Commitment To Low Interest Rates
December 9, 2020 | Posted by: Keith Leighton
Bank of Canada Holds Rates At Effective Lower Bound–QE Continues.Bank of Canada Confirms Commitment To Low Interest Rates Despite the good news on the vaccine front since the Governing Counci ... [read more]
Why You Need an Emergency Fund And How to Get One
July 28, 2020 | Posted by: Keith Leighton
Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ... [read more]
Strategies to Dig Yourself Out of the Debt Hole
July 28, 2020 | Posted by: Keith Leighton
Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ... [read more]
The Right Kind of Debt
July 28, 2020 | Posted by: Keith Leighton
The Right Kind of Debt Put yourself in a bank or lender’s shoes. Someone comes into your branch and asks you to politely loan them $300,000. You are a big bank, but $300,000 is still a lot of ... [read more]
Some Facts About Using a Guarantor
July 28, 2020 | Posted by: Keith Leighton
Some Facts About Using a Guarantor A Guarantor, when it comes to mortgages, is exactly what it sounds like—they “Guarantee” the mortgage for another person if they are unable to p ... [read more]
What You Need to Know About Refinancing
July 28, 2020 | Posted by: Keith Leighton
What You Need to Know About Refinancing A home loan is generally a long-term proposition, but in some situations, it can make sense to refinance your mortgage. Your DLC Ideal Mortgage Broker will h ... [read more]
Understanding Principal and Interest
July 28, 2020 | Posted by: Keith Leighton
Understanding Principal and Interest Principal and interest are the two components that make up a mortgage payment. Principal is the portion of your payment that goes towards paying down the outs ... [read more]
State of the Rate
July 28, 2020 | Posted by: Keith Leighton
#interestrates #mortgage #realestate #mortgagebroker #homebuyers #realtor #mortgagerates #firsttimehomebuyer #investment #housingmarket #refinance #property #covid #business #firsthomebuyers #lendin ... [read more]
Income Qualified
July 28, 2020 | Posted by: Keith Leighton
There are several different ways a borrower can qualify for a mortgage when it comes to their income. One of the most common ways is known as income qualified. All of the following methods of employme ... [read more]
5 Factors Affecting If You Qualify for a Mortgage
July 28, 2020 | Posted by: Keith Leighton
5 Factors Affecting If You Qualify for a Mortgage It’s not just because of finances.As a mortgage broker I receive calls from people who want to know how to qualify for a mortgage. Most o ... [read more]
Steps to Repair and Improve Your Credit
July 28, 2020 | Posted by: Keith Leighton
Though credit scores aren’t always an indicator of financial health, they are used in a variety of ways that could have a major impact on your life. Interest rates (including mortgage rates) a ... [read more]
Grow Your Credit Score
July 28, 2020 | Posted by: Keith Leighton
7 Sure-Fire Ways to Grow Your Credit Score Have you ever wished for a simplified guide on how to actually GROW your credit score? Well today is your lucky day! We have had years of experience w ... [read more]
