Latest Mortgage News

Concerns Over the New ‘Stress’ Rules

According to the leading experts in the mortgage industry, the proposed ‘Stress’ rules—that are meant to control the risk associated with mortgage loans in real estate today—are likely to make...

Avoid the New Mortgage Stress Test – Take Action Today

Come to think of it, what is the only constant thing in the real estate industry? Change, yes change is among the common things you will encounter in this industry....

Reactions to the Proposed ‘Stress Test’ Rules for Mortgage Borrowers

The new rules about to be implemented by the Office of the Superintendent of Financial Institutions (OSFI) are aimed at subjecting the uninsured mortgage borrowers in the country to stress...

Why You Should Review Your Mortgage Today

Many of the leading financial advisers will tell you that it is important to carry out a financial check-up every year, but why? As time goes by, many things are...

Mortgage Qualifying Regulations are Tightened by the Canadian Banking Regulator

Earlier this month, the banking regulator in Canada released the new regulations that will make it more difficult for potential borrowers to apply for uninsured mortgages. This only adds to...

What Percentage of Prospective Home Buyers Will Realistically Be Able to Purchase a home with the New Mortgage Stress Test That Will Take Effect in January 1st 2018What Percentage of Prospective Home Buyers Will Realistically Be Able to Purchase a home with the New Mortgage Stress Test That Will Take Effect in January 1st 2018

On Tuesday October 17th, Canada’s banking regulator introduced new rules regarding the requirement for all homeowners to undergo a mortgage stress test. This applies to all even those with larger...

Finding the Best Mortgage Rate: What You Need to Consider Before Signing on the Dotted Line

When it comes to finding a great mortgage rate, it's easy to think that the lowest figure should win. After all, paying a lower interest rate should mean saving money,...

Deciphering Mortgage Terms: What Information to Consider Before Borrowing & Where to Go to Find It

When it comes to choosing a mortgage, it is important to recognize that the future cannot be fully understood until it arrives. There is likely going to be bumps in...

Dominion Lending Centres Proudly Presents the Top Performers Award to Stanimir Rashev

Types Of Debts You Should Prioritise Repaying First

Obtaining a loan or any other type of debt will mean that you have an obligation to fulfill. You have an obligation to repay it within the time period stipulated....