GAME of LOANS

03/03/2020

The Fed Brings Out The Big Guns In a remarkable show of force, the US Federal Reserve jumped the gun on its regularly scheduled meeting on March 18 and cut the target overnight fed funds rate by a full 50 basis points (bps) to 1%-to-1.25%. This now stands well below the Bank of Canada’s target rat...

07/01/2018

Enjoy celebrating the beautiful amazing country we live in! Let’s continue to protect it and continue to look after each other!

03/17/2018

To all my Friends and family Happy St. Patrick’s Day!! 🎉🎉🎉🎉

02/14/2018

Keep spreading the Love!
From your Mortgage Advisor, Amy K!

01/23/2018

A reminder to all vancouver home owners to complete your Empty Homes Tax property declaration by February 2nd. All residential properties apply, vacant, or not.

Are you a Vancouver homeowner? If you own a home in Vancouver you have less than two weeks left to submit your Empty Homes Tax declaration. Even if you live in your home, or rent it out to tenants, you still have to declare by February 2.
Declarations can be made online at vancouver.ca/eht-declare, over the phone by calling 3-1-1, or in person at City Hall. Stop by City Hall today between 10am to 3pm to receive assistance from staff with your declaration. http://ow.ly/y86o30hTaiY

01/15/2018

This is true with your finances as well as other areas in life. Budgeting will become a habit, and a healthy one. 😃🎉 Happy Monday!

11/11/2017

We will never forget ❤️

10/27/2017

Really well written blog from a colleague at Dominion Lending. Life has so many variables couldn’t be more perfect statement Tracy. Most of my clients have broke out of their 5 year terms due to life’s unexpected variables, being in the variable has guaranteed them a low penalty.

Approximately 32 per cent of Canadians are in a variable rate mortgage, which with rates effectively declining steadily for the better part of the last ten years has worked well. Recent increases triggers questions and concerns, and these questions and concerns are best expressed verbally with a dir...

10/26/2017

Check out behind the scenes at our 2017 national conference in Palm Springs. We're proud to be part of Canada's #1 mortgage company (family)... Dominion Lending Centres.

Thank you for joining us in Palm Springs, California for our Dominion Lending Centres National Sales Conference!

10/25/2017

Good news for variable rate holders. Bank of Canada maintains interest rates.

But just over two months until new mortgage rules come into effect. We can help determine if you'll be affected. Contact us to find out.

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Inflation has picked up in recent months, as anticipated in the Bank’s July Monetary Policy Report (MPR), reflecting stronger eco...

10/20/2017

"All week long, the Conservatives and New Democrats have accused the government of being in a conflict of interest created by a finance minister regulating an industry that includes a company in which he owned and possibly still owns significant shares." Quote from the article.
Maybe we should be looking into why he changed some of the mortgage rules?? Which caused the Canadian people to lose money and options, while having the banks grow their mortgagee business by 22% in the second quarter, while the mono line lenders (non top 5 banks) were down. Smells Fishy to me! Time to investigate, we deserve answers.

Embattled Finance Minister Bill Morneau says he plans to put his substantial personal assets in a blind trust

10/17/2017

Hello Mortgage Family,

You may be seeing a lot of posts today about Mortgage rule changes......you may be asking yourself what does this mean for me? If you own a home you should learn how this can impact you, if you are looking to buy a home learn how this can impact you. In essence these new rules will lower your BUYING POWER by over 20 percent. Even if you put down 35% or have 50% equity in your home. By tacking on a 2% increase on the rate you currently have. So, if your rate is 3.19% you would now qualify at 5.19%, (this will not be your rate, just to qualify.) Not only will it affect buyers but, also those who want to take money out to maybe buy a vacation home or investing in your company, or renovating your home. Having said that there good can always come from bad, depending on your outlook, and we need to stay calm and positive....as a mortgage broker my job is to find solutions....the trick is to educate yourself and figure out what plan you may want to take, to take advantage of with the current rules still in place. If you have been recently been pre-approved please email me so I can update you on what you would qualify for based on the new rules taking effect Jan 1st, 2018. Or if you have been thinking of renovating and paying for it by refinancing your mortgage, please get in touch as soon as possible. Remember refinance rates are higher due to the previous rule changes, so It might not make sense to refinance unless you really need too!
If you have any questions feel free to touch base with me at 778-878-3779!!!

Amy Kinvig
Cell # 778.878.3779
[email protected]
Canadian Mortgage Experts- Dominion Lending Centres
Fax- 1-877-372-1359

Canada’s banking regulator today unveiled the final changes to its mortgage underwriting standards—Guideline B-20— that will further tighten lending standards and affect borrowers and lenders alike.