Drew Barton Mortgages - Dominion Lending Centres

06/07/2023

BREAKING NEWS! The Bank of Canada increases overnight rate by .25%

This equates to approximately $16/month per $100,000 in loan amount.

For more information or if you have any questions about your mortgage please reach out!

04/24/2023

There is a growing number of Canadians that are now choosing to be their own boss and enjoy the benefits of starting their own business. Mortgage lenders have adapted to this growing career choice and have made it easier to get approved for a mortgage.

Please reach out if you or someone you know could benefit from learning more about getting approved as a small business owner.

Approximately 20% of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. Qualifying for a Mortgage In...

03/30/2023

Spring is here! And that means the housing market starts to wake from its winter hibernation. If you’re a first time homebuyer, there are several great incentives available to you to make your first home purchase easy and affordable.

Check out the blog below and feel free to reach out if you have any questions!

The first-time homebuyer incentive program is a shared-equity mortgage with the Canadian government that helps qualified first-time buyers reduce their monthly mortgage payments to better afford a home! The Incentive: This program allows you to obtain an incentive from the government to assist with....

02/21/2023

Never a bad idea to make sure you are in the right spot with your biggest investment

01/31/2023

Second mortgages can be a great tool to access some of the equity in your home without having to refinance and pay a potentially large penalty.

A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit card...

01/26/2023

Bank of Canada raises rates by .25%. Signals end of aggressive rate hikes.

No Surprises Here: The Bank of Canada Hiked Rates By Only 25 bps, Signalling A Pause As expected, the Bank of Canada–satisfied with the sharp decline in recent inflation pressure–raised the policy rate by only 25 bps to 4.5%. Forecasting that inflation will return to roughly 3.0% later this year...

01/02/2023

https://dominionlending.ca/uncategorized/5-house-hunting-mistakes-to-avoid

Buying a home is one of the largest investments you will ever make! In order to make your home hunting experience the best it can be, there are a few key mistakes to avoid and be aware of before you start your journey: Not Getting Pre-Approved: One of the most important aspects of buying a […]

12/25/2022

Merry Christmas and Happy Holidays to all!

12/20/2022

We've all seen the news...Markets are down, interest rates are up. What does it all mean to you? Here are some common mistakes to avoid in today's economy.

2022 has been nothing but bad news financially for most Canadians. Our stock portfolios are worth a lot less, everything we buy costs more, and interest rates are making our mortgages and other loans a lot more expensive. More than ever it is time to tread carefully and avoid any financial mistakes,...

12/13/2022

Check out these quick facts about your credit score!

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 scores and it can have a huge impact on whether you get approved for a loan and just how much interest it is going […]

08/10/2022

Now is a better time than you would think to add an investment property to your portfolio. 🏠 💰

The market is softening, which means lower prices for you! Take advantage of the value available out there now and enjoy the benefits later.

If you or anyone you know is thinking about buying an investment property, send me a quick message to discuss your options!