The Federal Government has announced four new clamp downs on mortgage financing effective Monday, July 9th, 2012. These changes include: Reducing the maximum amortization period to 25 years from 30 years Reducing the maximum amount of equity homeowners can take out of their homes when refinancing to 80% from the current 85% Limiting the availability […]

With new lending changes expected in the weeks to come, it’s best to review your purchase, renewal or refinance options sooner rather than later (in the next two weeks) – especially if you want to ensure your debt and retirement plan is in order and you’re able to optimize your equity with the best possible […]

One thing we can count on in the mortgage industry is change. In learning how to optimize the market to your advantage, it may be wise to get a line of credit today to protect you from having to sell your house before you’re ready. Canada’s banking regulator has stepped in with changes that may […]

The best options when it comes to selecting the right mortgage term will always be different, and can change several times throughout your term. The Angela Calla Mortgage Team will always keep you informed of your very best options in real time. Historically, 88% of the time, the variable-rate mortgage (VRM) has helped borrowers get […]

As heard on this weeks Mortgage Show on CKNW with Angela Calla Saturday June 16th 2012. To get pre approved for this property or any other purchase email us at callateam@dominionlending.ca or call 604-802-3983 This weeks deal of the week has been brought to you by: http://rboies.mlslink.mlxchange.com/?r=1213290184&id=363434333136.312 Robert BoiesRoyal LePage Coronation Westcell: 604 341 3009 t: willingtwoE-mail: […]

With the demands of our everyday lives, it’s really easy for our credit cards and lines of credit to get out of hand. What we thought we would use “once in a while” or “just until the next paycheque” can sometimes turn into a growing battle. If this sounds familiar, you’re not alone. Statistics say […]

Earlier today, CMHC released the 2012 edition of the “Renovation and Home Purchase Report”.  The report provides insight into consumer home buying and home renovation intentions in 2012 and trends from 2011.   This year, the report highlights that: An estimated 1.7 million households in 10 major centres undertook renovations in 2011. This represents about […]

 By any measure – health, education, housing or income – Canadians are far better off than residents of the developing world. But they’re also better off than many of the planet’s richest countries, according to the Organization for Economic Co-operation and Development’s latest quality-of-life assessment, released last month. In a comparison of 11 wellbeing indicators […]

Everyone has a different reason for wanting to renovate their home. You may be looking to make a change in the way your home looks or feels, or you may want to fix a maintenance issue or make your home more comfortable or energy efficient. Whatever your reason, undertaking a renovation involves a number of […]

Canadian homeowners are comfortable with their current mortgage, focusing on reducing their mortgage faster by making lump sum payments, reducing amortization periods and refinancing with lower interest rates, according to the Canadian Association of Accredited Mortgage Professional’s (CAAMP) most recent survey report released May 30th – Confidence in the Canadian Mortgage Market. Following are just […]