Going through the pre-approval process is more important than ever to both you and your Realtor, but the actual term ‘pre-approval’ is potentially misleading. You may be pre-approved for a certain mortgage amount, however there are still a number of variables that can enter the picture once an offer is accepted. That’s why it is […]

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Why Are Bond Yields Rising? Will Mortgage Rates Follow?Bond markets have tanked in the past several weeks, driving yields upward. Hundreds of billions of dollars have been wiped out in global bond markets. Ten-year government bond yields in Canada have risen 50 basis points (bps) in the past month as Treasury yields have jumped 32 […]

View this great video from the Globe & Mail   “How much does it cost to break a mortgage?” Questions on determining the best mortgage for you and your future? The Angela Calla Mortgage Team is here to help call us at 604-802-3983 or callateam@dominionlending.ca We look forward to helping you.        

As a mortgage professional, I know that there is more to the perfect mortgage than a low rate. It seems the Toronto Star has also figured it out in their article “Bargain-basement mortgage rate may not be what you want” and they correctly point out, brokers can help consumers make an informed choice. “Brokers say […]

Principal Residence home equity & sale proceeds along with TFSA’s are the only tax free investments. Higher TFSA limits might mean some people will stop overreaching on home purchases as a way to stash cash, knowing they’ve got another tax-free haven for their money. Click HERE to view the full Financial Post article Here’s a […]

Ten rules for switching banks because you’re mad about service fee hikes.  Click HERE to view the full Globe and Mail article You may be angry about rising service fees, but banks are pros at riding out storms. Ready to toughen up as a customer? Then check out the Personal Finance column’s 10-point Mad as […]

Here are 3 easy steps to help you gain clarity and why a subject period with ample time is essential for your new home purchase:   Pre –Approval– This is where a credit application, a few income confirmation documents and a discussion about down payment will be required.   This will allow us to see what […]

Your ‘beacon score’ is an indicator for a lender as to whether a client is likely to make payments on time and in full. Beacon (credit) scores are sometimes referred to as FICO scores, and both names are derived from the credit bureaus that developed the scoring system. Keeping track of this important number is […]

Thinking of giving your landlord  a notice? Test drive a mortgage payment #callateam read & share In both rising markets and softer markets there will be many people contemplating making a move to a larger home and with that larger home often comes a larger mortgage. Last month’s newsletter offered technical tips to help prepare […]