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The latest thoughts and insights from Geoff Lee and GLM Mortgage Group | Dominion Lending Centres
4 Common Types of Mortgage Fraud
Types of Mortgage Fraud With the adapting changes in technology, ways of life have changed in the way we work, keep in touch, earn money, and…. How people conduct fraud. March is fraud awareness month and we want you to be prepared as ever to understand what types of...
Costs of Buying a Home
Costs of Buying a Home Buying your first home for the first time is very exciting, whether it be an apartment, condo, townhouse or house. It could come at wildly different stages for people. For some, they want to buy a house as their first major purchase, as early as...
Buying Your First Home: What You Should Know
Buying Your First Home Buying your first home for the first time is very exciting, whether it be an apartment, condo, townhouse, or house. It could come at wildly different stages for people. For some, they want to buy a house as their first major purchase, as early...
Bad Credit History (300-574): What To Do?
Bad Credit History Approval this, approval that, the big words we all want to hear, but lately, we are hearing a lot of inflation, high interest rates, tough approval terms, student debt soaring, reverse mortgages increasing to pay off homes, and more money issues....
Popularity of Reverse Mortgages in 2023
Reverse Mortgages Ok let’s be real, you are probably tired of hearing about mortgage rates going up and what the options are for you when you purchase a home. It can look daunting and it can lead people to seek extra income sources or go for a lower valued house then...
Speculation Tax Notice 2023
Speculation Tax Notice 2023 An envelope is coming to your mailbox soon and it is in the name of the Speculation Tax Notice. There is also a potential you are reading this blog with the notice in your hand, already reviewed. What is a Speculation Tax Notice though?...
Canada’s Cost of Living
Canada’s Cost of Living January has been a tough month for many as we prepare for what could be a tough year ahead. Inflation has caused turmoil in communities and avid savers, interest rates have led to real estate worrisome and supply issues has caused food...
Final Bank of Canada Rate Increase? (#6)
Final Bank of Canada Rate Increase? You have likely recently learned that signs are pointing towards an ease of inflation with the economy softening. You may have heard this in a variety of ways, from watching some of your stocks start to go up, hearing the term...
Housing Shortage Problem
Housing Shortage Are you worried about the price of your home dropping even further then they have today? It is understandable but before you worry too much, let me try to ease your concerns as allow home prices are falling, they are likely not expected to fall much...
Foreign Buyers Ban
Foreign Buyers Ban On December 21, 2022, the Federal Government announced that it will be placing a ban on foreign purchases of real estate property, which took effect on Jan. 1st, 2023. The Federal Government has brought this Foreign Buyers Ban in to curb the cost of...
First Time Home Buyer Incentive
First Time Home Buyer Incentive As you have probably heard time and time again, things are expensive. One group that is especially vulnerable to the rise in prices are young adults who are just starting to get a career going and now must decide between high rent...
Brokers. Are they really needed?
Brokers? Are they really needed? Well before we talk about that, let’s dive into some history Did you know that mortgage brokering dates back all the way to 1893 when a firm named Sonnenblick-Goldman was founded in the United States. As you could probably guess, the...