Dorothy Lazzari - Premiere Mortgage Centre

07/02/2020

Wishing everyone a happy and healthy Canada Day!

06/21/2020

Wishing all the Dads a wonderful day today!

06/17/2020

‘We learn from failure, not success’.
What a great sales mastery session today with the incredible Todd Duncan! Thank you Gary Mauris of DLC for all that we’ve learned today!! Great information and 4 new books on order!

06/13/2020

Have a great weekend everyone!

06/13/2020

Weekend fun!
Check out these drive-in movie theatres near you.

Full and UPDATED list of Drive-In Movie Theatres around the Greater Toronto Area and beyond. Enjoy movies under the stars near Mississauga and Brampton

06/12/2020

We have options.
There are 3 insurers who will insure mortgages with less than 20% down payment. The recent regulation change that will make it a little tougher to qualify came from CMHC. Genworth and Canada Guaranty have not changed their guidelines. With access to so many lenders, we still have the option to work with Genworth and Canada Guaranty.
We'll see what works for you. Changes are effective July 1.

06/05/2020

Prime rate holds steady this week.

The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy "appears to have peaked."

06/05/2020

Soon you might find it just little more challenging buying a home.

CMHC announces changes to their underwriting guidelines for those purchases with less than 20% down payment. Here are the new requirements with more details to follow:

Higher minimum credit score of 680 for at least one applicant;

Affordability calculations lowered to a Gross/Total Debt Service (GDS/TDS) of 35/42%;

Down payment from non-traditional sources that increase indebtedness will no longer be valid.

Additional insurers have not followed yet.
Purchases with a conventional mortgage applying 20% down payment are not yet affected.

Read about the changes here. https://www.cmhc-schl.gc.ca/en/media-newsroom/news-releases/2020/cmhc-reviews-underwriting-criteria

06/03/2020

Strange times but perhaps we’re seeing the light at the end of the tunnel.
Volumes are higher on shipped goods.
Car sales have increased and home sales are already on the upswing.

Investors are taking advantage of very low borrowing costs