Greg Weaver, Mortgage Agent with Dominion Lending Centres

11/02/2023

Congratulations to the CB Group Realty on the sale of the most-expensive home sold in Ontario last month. Check out this beautiful Burlington mansion.

11/02/2023

Congratulations to the CB Group Realty on the sale of the most-expensive home sold in Ontario last month. Check out this beautiful Burlington mansion. You can find the article at InsideHalton.com

11/01/2023

Congratulations to the CB Group Realty at the Agency who sold the most expensive home in Ontario last month!

A whole lot of amenities

07/14/2023

Time for a Mortgage Renewal? With interest rates moving higher over the past few weeks, it’s more important than ever to explore your options. Let's make it a seamless process from start to finish. Contact me today to secure your future with a hassle-free renewal!

05/02/2023

The answer is yes! There are several government programs that offer mortgage assistance in Canada!

As a mortgage agent, I'm always looking out for the best options to help my clients with their mortgages. The Home Buyer's Plan (HBP) allows first-time home buyers to withdraw up to $35,000 from their RRSPs tax-free.

The First Time Home Buyers Incentive (FTHBI) provides eligible first-time home buyers with an interest-free loan of up to 10% of the purchase price for a new build, or 5% for a resale home.

And the new First-Time Home Buyers Incentive (FHSA) allows you to save up to $40,000 tax free. You can contribute up to $8,000 per year into the account.

These are all great options to help you save money and get some extra cash for your home purchase.

04/21/2023

The key to paying off your mortgage early? It's all about finding the right strategies that work for you! Let me help you find the best plan for success 🔑

03/31/2023

Exciting news for first-time home buyers in Canada! The government has just announced a new program to help Canadians save for their first home - the Tax-Free First Home Savings Account, available April 2023.

The FHSA provides a tax-free way to save money specifically for the purpose of buying a first home. This means that any interest, dividends, or capital gains earned on the savings within the account are not taxed, which can significantly boost the growth of the savings over time.

The program also allows for contributions to be claimed as a deduction against all sources of income, which can result in tax savings for the account holder. The program has a lifetime contribution limit of $40,000, which can help first-time home buyers to set a savings goal and work towards it in a structured way.

Don't miss out on this chance to take advantage of tax-free growth and claim deductions on your income tax.

03/22/2023

Buying a home is one of the biggest financial decisions you'll make! Before making the choice, it's important to understand whether you're ready to take on the financial responsibility it comes with. I've rounded up 4 positive signs that you're ready for homeownership. Are you ready?

03/07/2023

Worried about managing your mortgage during a recession? Check out these 3 tips to help you navigate through uncertainty and save money in the process!

02/16/2023

Taking control of your credit is the first step to a brighter financial future! Here are 4 tips to help you get started on your credit-building journey.

02/15/2023

A great opportunity for anyone with a business to grow their network and meet like minded entrepreneurs.
Let me know if you’re interested.

📢 Are you looking to grow your business in the Niagara Region?

JOIN US! We are a referral based business club and allow ONE company per business category. No competition to be seen. We meet every Tuesday morning for breakfast at 7:30-8:30AM in Niagara Falls.

Think this might be beneficial for you? Fill out your information below and our membership committee will reach out to you 🙂

https://form.jotform.com/cnweller/join-now

03/03/2022

After weeks of speculation and anticipation of an increase, the Bank of Canada finally pulled the trigger and moved their overnight rate higher for the first time in almost 4 years. The Bank raised its overnight benchmark rate to 0.50% from 0.25%.

An increase in the cost of borrowing will undoubtedly impact a number of homeowners, depending on the type of mortgage you have.

Homeowners who will be impacted by interest rate hikes include those with variable-rate mortgages and home equity lines of credit (HELOCs). For those with variable-rate mortgages, a rise in interest rates could result in an increase in mortgage payments.

Below is an example of a $100,000 mortgage with a five-year variable rate of 1.45%, and an amortization period of 25 years, with monthly payments of $398. After the increase of 0.25% in the mortgage rate, the total monthly payment rises to $409, an increase of $11. I used this example to demonstrate the cost per $100,000.

Regardless of the rate environment, I will continue to support you with the products, flexible features, and service you can count on. If you have any questions about your mortgage and how this will impact you, please feel free to reach out.