Drew Barton Mortgages - Dominion Lending Centres

BREAKING NEWS! The Bank of Canada increases overnight rate by .25%

This equates to approximately $16/month per $100,000 in loan amount.

For more information or if you have any questions about your mortgage please reach out!

There is a growing number of Canadians that are now choosing to be their own boss and enjoy the benefits of starting their own business. Mortgage lenders have adapted to this growing career choice and have made it easier to get approved for a mortgage.

Please reach out if you or someone you know could benefit from learning more about getting approved as a small business owner.

Self-Employed and Seeking a Mortgage - Dominion Lending Centres Approximately 20% of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. Qualifying for a Mortgage In...

Spring is here! And that means the housing market starts to wake from its winter hibernation. If you’re a first time homebuyer, there are several great incentives available to you to make your first home purchase easy and affordable.

Check out the blog below and feel free to reach out if you have any questions!

What is the First Time Homebuyer Incentive? - Dominion Lending Centres The first-time homebuyer incentive program is a shared-equity mortgage with the Canadian government that helps qualified first-time buyers reduce their monthly mortgage payments to better afford a home! The Incentive: This program allows you to obtain an incentive from the government to assist with....

Never a bad idea to make sure you are in the right spot with your biggest investment

Second mortgages can be a great tool to access some of the equity in your home without having to refinance and pay a potentially large penalty.

4 Key Things to Know about a Second Mortgage - Dominion Lending Centres A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit card...

Bank of Canada raises rates by .25%. Signals end of aggressive rate hikes.

Bank of Canada raises policy rate by 25 bps to 4.5% - Dominion Lending Centres No Surprises Here: The Bank of Canada Hiked Rates By Only 25 bps, Signalling A Pause As expected, the Bank of Canada–satisfied with the sharp decline in recent inflation pressure–raised the policy rate by only 25 bps to 4.5%. Forecasting that inflation will return to roughly 3.0% later this year...

https://dominionlending.ca/uncategorized/5-house-hunting-mistakes-to-avoid

5 House Hunting Mistakes to Avoid - Dominion Lending Centres Buying a home is one of the largest investments you will ever make! In order to make your home hunting experience the best it can be, there are a few key mistakes to avoid and be aware of before you start your journey: Not Getting Pre-Approved: One of the most important aspects of buying a […]

Merry Christmas and Happy Holidays to all!

We've all seen the news...Markets are down, interest rates are up. What does it all mean to you? Here are some common mistakes to avoid in today's economy.

Financial Mistakes to Avoid in Today's Economy - Dominion Lending Centres 2022 has been nothing but bad news financially for most Canadians. Our stock portfolios are worth a lot less, everything we buy costs more, and interest rates are making our mortgages and other loans a lot more expensive. More than ever it is time to tread carefully and avoid any financial mistakes,...

Check out these quick facts about your credit score!

10 "Must Know" Credit Score Facts - Dominion Lending Centres If you are in the market for a home or a new car, you are probably very familiar with your credit score. Lenders are one of the primary users of credit scores and it can have a huge impact on whether you get approved for a loan and just how much interest it is going […]

Now is a better time than you would think to add an investment property to your portfolio. 🏠 💰

The market is softening, which means lower prices for you! Take advantage of the value available out there now and enjoy the benefits later.

If you or anyone you know is thinking about buying an investment property, send me a quick message to discuss your options!

It's now easier to email Drew Barton Mortgages - Dominion Lending Centres

Happy first day of Summer! OUR HOUSE has all the tips on how to stay cool AND save all season long. Check them out at https://lnkd.in/ghwT7eaF

5 Tips to Stay Cool & Save This Summer - Dominion Lending Centres Today is the first day of summer – otherwise know as summer solstice, which is the longest day of the year! To maximize your enjoyment, we have some great tips for staying cool this summer AND saving money while you do: 1. Cook in the Great Outdoors Summer is all about enjoying the sunshine, spend...

In a perfect world, you would drop off the keys from your current property and pick up the new set right away to your new home. But, in reality it doesn’t always work this way…

There may be a scenario where you obtain your new property before you close on your current home for sale.

In this case you would be looking at obtaining bridge financing. It’s a simple way to ‘bridge’ the financing gap between closing dates. Have a peek at the latest blog below to learn more!

https://dominionlending.ca/mortgage-tips/how-bridge-financing-works

How Bridge Financing Works - Dominion Lending Centres Bridge financing allows you to ‘bridge’ the financial gap between the firm sale of your current home and the commitment to your new home.

Is your mortgage coming up for renewal this year??

Interest rates are rising fast and now is your time to get out there and shop for the lowest rate possible!

This is the perfect opportunity to renegotiate the terms of your mortgage without any pre payment penalties.

Before the Bank of Canada has the chance to potentially hike rates again, reach out to me for a mortgage check up. Lets see what we can do to make sure you are all set to save for the next term of your mortgage!

Check out the latest blog. Investment properties and second properties can be a great way to diversify your portfolio as well as increase your monthly cash flow.

https://dominionlending.ca/real-estate/investment-properties

Investment Properties - Dominion Lending Centres There are a few things you should know, depending on which type of investment/secondary property you are looking to purchase

Check out this week’s blog on the steps to buying your first home. Or maybe you just need a refresher for the next one too!

First-Time Home Buyer - Dominion Lending Centres Being on the path to purchasing your first home is one of the most exciting adventures. Here are some tips if you're a first-time home buyer!

It’s a new year, and that means it’s time to set some goals. When was the last time you thought about your mortgage?

Whether you’ve decided to do some home renovations, make some investments or just simply lock in a lower rate and save some money each month, refinancing is a great way to accomplish these goals.

And with the Bank of Canada signalling rate increases later this year, it is a great time to lock in some of the low interest rates that are available.

Please don’t hesitate to contact me if you have any questions.

Refinancing Your Home - Dominion Lending Centres There are a variety of reasons to refinance your mortgage such as to leverage increases in property value or get equity out of the home.

Wishing everyone a Merry Christmas!

Great News! Due to popular demand, the First Responder Mortgage Program™ has been extended.

This program was created to acknowledge the hard work that First Responders do and reward them for their service to the community.

Those of you who are coming up for your mortgage renewal or just simply want to switch and save some money, this is the perfect time!

If you are First Responder or know of someone who would benefit from this promotion, please reach out!

Happy Thanksgiving to everyone. Now…time to dip into that stuffing!

Fixed or Variable? A question that has stumped humans since the dawn of time. The good news is, there is no wrong answer….But, there is one that fits you, your mortgage and your future plans. Knowledge is key, so if you are unsure and have any questions about fixed or variable terms please reach out!

Who doesn't love sitting on the realtor app and browsing what new dream homes have come on the market. Make it easier to know what you can afford by downloading the mortgage toolbox app at drewbarton.ca. You can get pre qualified in minutes and then head straight back to the realtor app to browse away at all your new dream property options!

Mortgage brokers have more access – brokers are YOUR personal shoppers! There are dozens of lenders in Canada and we will shop this big market for you while you relax and wait for the best results.
Did you know? Mortgage Brokers have access to MORE rates and lenders than the bank. The bank brokers only have access to their rates, no one else’s.