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Category: Financing (30 posts)

How Bridge Financing Works

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?

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

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.

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

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

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

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

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

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

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

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

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

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

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

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

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]

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