…You may still end up getting a ‘NO’.  Some things never change. People continue to come to us after they get declined. It’s the same old story. Initially they are told ‘No Problem’ only to end up disappointed. Why does this happen so often? Because a ‘verbal’ bank approval is just that, verbal.  It […]

  Just imagine if you could only get a mortgage through ‘THE BIG BANKS’ and they had no competition from the mortgage brokerage industry. An industry that looks out for your best interests. The Banks could charge you whatever the heck they wanted to, wouldn’t they? Of course they would. You know what? We keep […]

  …And you could only get a mortgage through ‘THE BIG BANKS’. Boy would things be different. Would the Banks charge you whatever the heck they wanted to? Absolutely they would! You know what? We keep the banks on their toes. Without the mortgage brokerage industry, people would pay much much more than they do […]

  …Their new home. Like many others before them, Sam and Mel went to their bank to get pre-approved for a mortgage to buy a new house. The bank told them they were good to purchase for up to $350,000., quoted them a rate and they began their search for a new home. They spent […]

  With the new maximum 25 year amortization,  and refinances now restricted to 80 per cent, mortgage financing has become both more difficult and expensive* with higher payments, and more income needed. The above applies to high ratio mortgages only. Note we still have 35 year amortizations for conventional mortgages. The silver lining is that […]

HOW TO SAVE $70,000 IN 5 YEARS Ross and Marie bought a home 4 years ago with zero down and an interest rate of 5.79%. They have two young kids, a car loan and other debts of around $25,000. that they were having trouble paying down, and were paying mostly interest. They approached us two […]

  A local lawyer called us the other day and asked us to look at a private mortgage, a client had asked him to act for.  It seems that the lawyer who was acting for a homeowner  who was in the midst of a separation.  Joe was self employed and wrote his income down a […]

  When we were kids everyone bought with savings  and credit cards (CC) were still a thing of the future. What a difference a generation makes. Today everyone has a CC and buying on credit has become the norm. The easy availability of CC’s and Lines of Credit have proliferated the ‘Buy Now Pay Later’ […]

  That’s right, if you are buying a home and you get your financing with us, we will pay for your home inspection.  Another good reason to choose The Price Team/DLC.  It’s best to start with a pre-approval, but as long you arrange your mortgage through us, this incentive will work for you. Also if […]

  It was awesome to meet so many new and old acquaintances at last week’s Fergus Home Show.  Check out Tracy Luciani Facebook page; please send us your ‘likes’. The draw was held Monday morning and the winner’s are: Joyce Sweeney of Elora for a Free Mortgage Payment, Rick Yuill of Elora  for the Classic […]