Three years ago we helped a client who was a former bankrupt get a no money down mortgage.  These were the so called ‘subprime mortgages’ which were all over the news as the main culprit for the real estate downfall in the States.  Here in Canada we also had some subprime mortgages for clients who […]

  Three clients (that’s right 3 new clients…what is happening?) called this week all at the end of their rope.  Welling up in our office, all of them told us how the house of cards was caving in.  All three couples had a common denominator.   The financial pressure was so great that they feared losing […]

  Until just recently there was a strong consensus that rates would start rising later this year. Then with last week’s downgrading of the United States credit rating, everything has changed 180 degrees. Peter Gibson, CIBC World Markets was quoted as saying a few days ago, “I think it’s now clear that there are a […]

  Jason bought a house based on a preapproval he received from his bank. When he went to waive the financing condition the bank told him that he wasn’t approvable. That’s when we got involved. We determined that he bought too high, and could not afford the property he wanted. It gets better. His credit […]

BEWARE OF BANK RENEWALS A new client of ours told her bank that she was not renewing with them, and that she was looking for a new mortgage. Banks have the right to put you in a 6 month mortgage, but not a 5 year closed, fixed rate mortgage like her bank did to her. […]

  The opportunity to buy a vacation or investment property in the U.S.A. has NEVER been better. Consider this. U.S. house prices, especially in Florida and Arizona have dropped upwards to 60 per cent. The loonie is now above par giving you extra buying power like never before AND mortgage rates are still near all […]

  Our contest is over and the grand prize winner of a one week summer vacation at a beautiful log home/cottage (Lantern Lane) in Port Elgin in late August is Kim Lesperance from Fergus. Congratulations Kim. Thank you to participating sponsors, The Breadalbane Inn, Tandoori, Stone Creek, The Goofie Newfie, O’Brien’s and The Brew House. […]

  They say the more you earn the more you spend.  And lately we have had clients with big paycheques but with big headaches over debt. The Big Banks love BIG INCOMES.  If you are making six figures or more, you are a target for your bank.  Let’s face it, they have more money they […]

Attention small business owners. Need working capital? We now offer Merchant Cash Advances from Dominion Lending Centres Leasing. It’S FLEXIBLE: There are no fixed payments IT’S FAST: Funds for your business in ten days NO COLLATERAL: Your Sales Are Your Security. There are no limigtations on how you spend the money. Purchase inventory, Renovations, Advertising […]

As mortgage professionals with 25 years experience, we see it all. In the present economy we are seeing more and more people selling their homes, not because they want to, but because they ‘believe’ they have to. If you have approached your bank and have been turned down and put your home on the market, […]