Regardless of how long you’ve had your mortgage or how large or small the current balance is, there are a variety of ways to make prepayments work for you to pay down your mortgage faster and, therefore, pay less interest throughout the life of your mortgage. After all, each extra payment amount will reduce your […]

Code of Conduct for Federally Regulated Financial Institutions Mortgage Prepayment Information Yesterday, the federal government published a Mortgage Prepayment Code.  The Code will guide all federally regulated institutions in how they communicate the Interest Rate Differential (IRD) to borrowers.  Borrowers win for more clarification for mortgage terms. After class-action suits and a lake of client tears, […]

As heard on this weeks Mortgage Show on CKNW with Angela Calla Saturday March 3rd 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=318838732&id=363434333136.312 Robert BoiesRoyal LePage Coronation Westcell: 604 341 3009 t: willingtwoE-mail: […]

Everybody wants to belong somewhere – whether it involves finding comfort in a brand or being part of a culture – because it’s how we put our emotions into our finances. Emotion in finances can be a good thing when the connection makes sense. Loyalty should be based on a systematic, proactive commitment coupled with […]

Interest rate volatility, policy changes, product variations and a general tightening in consumer lending are making this one of the most demanding and concerning times to finance residential real estate. Never before has it been more important to speak to a qualified mortgage specialist BEFORE you buy (or sell) a home. The busy spring market […]

Why A Mortgage Payment Vacation Is A Bad Idea Written on February 27, 2012 by Echo in Real Estate We have been paying an extra $600 per month on our mortgage since we moved into our new house last summer.  We are taking advantage of increased payment options to reduce our total interest costs and […]

It is important that we understand the nuances of this program released in our BC Budget, so we have put together a few key points to consider. The credit is equal to 5% of the home price, subject to a maximum of $10,000 The bonus is based on your income and phases out for higher income families The bonus […]

As heard on this weeks Mortgage Show on CKNW with Angela Calla Saturday Feb 25th 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=1511113359&id=363434333136.312 Robert BoiesRoyal LePage Coronation Westcell: 604 341 3009 t: willingtwoE-mail: […]

 [ 1 ] THE B.C. FIRST-TIME NEW HOME BUYERS’ BONUS Subject to approval by the legislature, the B.C. government intends to implement a temporary BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one-time refundable personal income tax credit worth up to $10,000. Requirements to Qualify […]

Good Morning, In light of the budget that came out yesterday, I wanted to share this PDF with you – www.bcbudget.gov.bc.ca/2012/highlights/2012_Highlights.pdf – to highlight a few key points as it relates to first-time homebuyers. Further to the changes in HST that came out last week – available at www.angelacalla.ca/blog – the provincial government has announced […]