Dominion Lending Toronto - Mortgage Rates

 

Dominion Lending Toronto - Variable Mortgage Rates

3 Year Variable Mortgage Rate - 2.65%

5 Year Variable Mortgage Rate - 2.60%

 

Dominion Lending Toronto - Fixed Mortgage Rates

1 Year Fixed Mortgage Rate - 2.65%

2 Year Fixed Mortgage Rate - 2.59%

3 Year Fixed Mortgage Rate - 2.59%

4 Year Fixed Mortgage Rate - 2.79%

5 Year Fixed Mortgage Rate - 2.84%

7 Year Fixed Mortgage Rate - 3.55%

10 Year Fixed Mortgage Rate - 3.79%

 

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Dominion Lending Toronto - Mortgage News

 

Historical 5 Year and 10 Year Fixed Mortgage Rates - What You Really Need to Know

What a week for mortgage rates! My email inbox has been filled with inquires about the 5 year fixed rates at 2.99% and 10 year fixed rates at 3.99%. So much so that I needed to write this blog post about where things are going and what you should do. In order to make a decision about what to do at this time we need to look at the facts and the reasons behind these rate moves. Click here to read more! Dominion Lending Toronto Mortgage Rate Info

 

10 Most Commonly Asked Mortgage Questions

1. What's the best rate I can get? Your credit score plays a big part in the interest rate for which you will qualify, as the riskier you appear as a borrower, the higher your rate will be. Rate is definitely not the most important aspect of a mortgage, however, as many rock-bottom rates often come from no frills mortgage products. In other words, even if you qualify for the lowest rate, you often have to give up other things such as prepayments and porting privileges when opting for the lowest-rate product. Click here to read more! Dominion Lending Toronto Mortgage FAQ

 

Why Hiring a Reputable Toronto Home Inspector Could Save You A Lot of Headaches and Money.

It is easy to fall in love with a house or condo the first time you view it, but having a detailed home inspection should give you some idea of what really lurks beneath the surface beauty of that dream home.   To read more click here - Dominion Lending Toronto Mortgage Home Inspections

 

Why aren't Toronto's Banks Paying Higher Interest Rates?

So far in 2010, Canadians have opened 20 per cent more chequing and savings accounts than last year at this time. That amounts to about $100 billion in new deposits and Canada's major banks have been fighting for a share of it with incentives, including cash rewards for customers opening new accounts. While consumers can get cash and travel points to open a new account, there is one conspicuous weapon missing in the banks’ marketing arsenal when it comes to attracting new customers. And that is the lure of higher interest rates, something you won’t find the banks offering on those new savings accounts and products – or old ones for that matter.   To read more click here - Dominion Lending Toronto Mortgage Lender News

 

How Buying a Rental Property in Toronto Can Help You Pay Off Your Mortgage

Buying a house in Toronto with a rental suite can be just the ticket to help you pay off your mortgage years earlier than it might have otherwise been possible. But landlords beware: there are potential problems connected with getting mortgage financing, getting rid of tenants (you really shouldn't have let in in the first place) and zoning issues. The idea of having someone pay several hundreds dollars a month towards your mortgage in Toronto might also entice you into buying a house you really can't afford, and you could find yourself dangerously dependent on that rent money — experts will tell you this is a bad idea.  To read more click here - Dominion Lending Toronto Investment Properties

 

The Toronto Mortgage Market May See Another Variable Mortgage Rate Hike

With Canada's economy stumbling in April, adding fuel to speculation the country's roaring recovery that began in September 2009 was coming to an abrupt end, economists warned Canada's central bank will have to tread carefully on its plan to raise interest rates for the rest of the year.  To read more click here - Dominion Lending Toronto Mortgage Rates

 

Toronto Mortgages Should Have Check-up's As Frequently As We Do

While about 80% of people in Toronto visit a doctor at least once a year to help ensure they remain physically healthy, the number of people who check their financial health by regularly reviewing their mortgage is far less. Plenty can change in someone’s life in a year, never mind during the standard five-year mortgage a lot of Canadians sign up for. A career change, kids, retirement or newfound money or it could be that such a major event is on the horizon. All of these things can affect the choices you make in finding the mortgage that fits just right for you.  To read more click here - Dominion Lending Toronto Mortgage Checkup

 

Managing Debt While Toronto Mortgage Rates Grow.

Toronto has taken advantage of extremely low interest rates for some time now and many have overextended themselves based on these historically low mortgage rates. The Bank of Canada would like to prevent inflation by raising interest rates to slow the economy down. What effect with this have on those carrying large mortgages in Toronto?  To read more click here - Dominion Lending Toronto Managing Mortgage Debt

 

The Toronto and Canadian Mortgage Market Ranked One Of The Healthiest In The World.

Banks in Toronto and across Canada were barely touched during the 2008 financial crisis, which was considered the worst recession in history since the great depression.  In fact bank losses were so low and the cushion of reserves were so high that banks in Canada and Toronto actually managed to post profits for months in the aftermath of the recession in 2008.  Alternatively the US banking system was teetering on the brink of insolvency and getting $250 billiion dollars in Treasury bailouts to cover losses on bad mortgage loans.  To read the full report click here -> Dominion Lending Toronto Mortgage Market Report.

 

Toronto Mortgages and Will not Fall Victim to The Foreclosure Wave

Canada's housing market is expected to cool off this year and next, but isn't at risk of falling victim to a U.S. style foreclosure crisis anytime soon, according to a new report by debt rating DBRS ltd.  To read more about how this will affect the Toronto Mortgage Market click here ->  Dominion Lending Toronto Mortgage Blog..

 

Slide in Canadian Dollar Could Affect Mortgage Rates in Toronto

The Canadian dollar extended losses against its U.S. counterpart on Monday to its lowest in almost 3 weeks as lingering concerns over fraud charges against Goldman Sachs, and wider fallout in the financial sector, curbed investor appetite for riskier assets. Click here to read more -> Dominion Lending Toronto Mortgage Blog.

 

Toronto Mortgage Lenders Raise Fixed Mortgage Rates From Historic 40 Year Lows.

Mortgage rates have begun to rise from their record lows, with news Monday that several Canadian banks are increasing several fixed mortgage rates by up to 6/10ths of a percentage point. The biggest jump is attached to the popular five-year fixed closed rate, which moves from 5.25 per cent to 5.85 per cent at Royal Bank, TD Canada Trust, and Laurentian Bank. That's the posted rate, which is routinely discounted by the big banks. Click here to read more -> Dominion Lending Toronto Mortgage Blog.

 

No Change To Toronto Variable Rate Mortgages

The Bank of Canada announced yesterday morning that it is maintaining its target for the overnight rate at 1/4 per cent. The general Bank Prime Lending rate will remain at 2.25% as well. The Bank of Canada stated that the ongoing global economic recovery is being driven largely by strong domestic demand.  The level of economic activity in Canada has been slightly higher than the Bank had projected in its January Monetary Policy Report.  Click here to read more -> Dominion Lending Toronto Mortgage Blog.

 

Federal Changes That Will Affect Toronto Mortgage Rules

On Tuesday February 16th Federal Finance Minister Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. Here is an outline of the changes that will take place:

1. All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term

2.The maximum amount one can withdraw in refinancing their mortgage will be reduced to 90% from the current 95% of the value of one's home

3.Non-owner occupied properties will require a minimum down payment of 20%.

Click here to read more -> Dominion Lending Toronto Mortgage Blog.

 

 

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Dominion Lending Toronto - Mortgage Broker Services

 

Dominion Lending Toronto - Why Use A Mortgage Broker?

There are generally two ways to get a mortgage in Toronto: From a bank or from a licensed mortgage professional like myself. While a bank only offers the products from their particular institution, I fund millions of dollars in mortgage business each year with Toronto's largest banks, credit unions, trust companies, and financial institutions. I can offer you more choices, and access to hundreds of mortgage products! As a result, my clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs. Whether you need a mortgage for the purchase a home, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal I can get you the best mortgage for your needs at the lowest cost. It's important that you make an educated buying decision with professional unbiased advice.

 

Dominion Lending Toronto - Toronto's Lowest Mortgage Rates

With over 40 different lenders to choose from its no wonder I can offer the best mortgage rates in Toronto.  Most large banks only offer Posted Mortgage Rates to their customers which are approximately 1.25% higher than the discounted mortgage rates that I receive for my clients.  I fund millions of dollars in mortgages with these same banks every year.  This allows me to offer my clients greatly discounted mortgage rates that they would not be able to get on their own.

 

Dominion Lending Toronto - Customized Mortgage Purchase Plan

Buying a home in Toronto is the largest purchase most people make during their lifetime. At Dominion Lending Centres, we want to make each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date. Whether you are first-time buyer or an experienced buyer with excellent credit, Dominion Lending Centres has access to the very best mortgage products and mortgage rates available across Canada. Give me a call and let me prepare a customized mortgage plan for you... I think you'll be pleasantly surprised!

 

Dominion Lending Toronto - Mortgage Solutions

There are more things you can do with a mortgage to day than ever before.  With new mortgage products coming out in the market every day having a close relationship with a good Toronto Mortgage Broker makes sense.  A Toronto Mortgage Broker can be as part of your life as much as you would need an accountant to be.  Toronto Mortgage Brokers can save you thousands of dollars by restructuring your mortgage on a regular basis.  Its like going to the doctors for a check up.  Mortgages in Toronto are not just for the purchase of a home.  You can refinance your debt, purchase a vacation property, buy an investment property, renovate your house, send your kids to school, use the money to invest, buy a business, purchase a retirement savings plan or even make your mortgage tax deductible!  Having access to your Home Equity through your mortgage makes a lot of sense for most Home Owners in Toronto especially those who own rental properties.  I can structure your mortgage so that you will always have access to as much as up to 80% of the value of your home without having to pay for it until you make a withdrawal.  If you don't currently have this available to you then you have to ask yourself why not.  Whether you need the money now or possible in the future it is your money and you should have access to it.  Call me today to discuss how you can get a Home Equity Mortgage on your home.

 

Dominion Lending Toronto - Mortgage Refinance Options

Today Toronto Home Owners face many reasons to refinance their mortgage. For example, you may be looking to consolidate debt, want to keep your payments stable by refinancing from a variable rate mortgage to a fixed-rate mortgage, or maybe you have been working at improving your credit score and now qualify for a greater discounted mortgage rate. Mortgage Refinancing is also a good option to pull out equity for home improvements, investments, college expenses, and more.

 

Dominion Lending Toronto - Home Equity Mortgages

Many people find that one of the easiest and most affordable ways to access money is through the equity that they have accumulated in their home. This is a very popular option, especially when you have an excellent first mortgage in place. Torontonians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others also look at home ownership as an investment vehicle. No matter what the reason, the truth is that home ownership has proven itself to be a good stable investment over time, and one which many Toronto home owners are profiting from.

 

 

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Dominion Lending Toronto - In the Media

 

Toronto Mortgage Brokers Wary of TD Consolidation

Toronto Mortgage Broker On B business as an alternative to Rate Wars

Toronto Mortgage Broker On One Year Rate Holds

Toronto Mortgage Broker On Alternative Lenders

Toronto Mortgage Broker On BFS Market

Toronto Mortgage Broker On BFS Cuts

Toronto Mortgage Broker On TDFS Departure

Toronto Mortgage Broker On IRD Calculations

 

Toronto Mortgage Broker on One Year Rate Holds

 

 

Toronto Mortgage Broker on Recent Mortgage Rule Changes

 

 

 

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Dominion Lending Toronto - Mortgage Related Links

 

Toronto Mortgage Broker    Toronto Mortgage Renewals    Toronto Mortgage Info

Toronto Real Estate Agents    Toronto Real Estate Lawyers    Toronto Mortgage Rates

Toronto Real Estate Lawyers    Toronto Mortgage FAQ    Toronto Mortgage Calculators