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The latest thoughts and insights from Geoff Lee and GLM Mortgage Group | Dominion Lending Centres

Understanding Mortgage Rates and How GLM Mortgage Group Can Help

Understanding Mortgage Rates and How GLM Mortgage Group Can Help

Understanding Mortgage Rates and How GLM Mortgage Group Can Help Mortgage rates have recently seen significant changes, impacting both existing homeowners and new homebuyers. The Bank of Canada's interest rate cut has led to reductions in both variable and fixed...

Amortization Periods: A Key Aspect of Mortgage Packages

Amortization Periods: A Key Aspect of Mortgage Packages

Amortization Periods: A Key Aspect of Mortgage Packages When exploring mortgage options, understanding amortization periods is crucial. These periods define how long it will take to pay off your mortgage, given the terms of your contract. They significantly influence...

What Are My Chances of Getting a Mortgage After Bankruptcy?

What Are My Chances of Getting a Mortgage After Bankruptcy?

What Are My Chances of Getting a Mortgage After Bankruptcy? Filing for bankruptcy can be a daunting experience, leaving many to wonder if they'll ever be able to secure a mortgage again. However, the path to homeownership post-bankruptcy is not as bleak as it may...

Navigate Canada’s Changing Interest Rates and Inflation

Navigate Canada’s Changing Interest Rates and Inflation

Navigate Canada’s Changing Interest Rates and Inflation In recent developments, Canada’s annual inflation rate has slowed to a three-year low of 2.7% as of April, according to new data from Statistics Canada. This significant deceleration, primarily led by easing food...

What Happens if I Missed a Mortgage Payment?

What Happens if I Missed a Mortgage Payment?

What Happens if I Missed a Mortgage Payment? That is a great question. Let’s dive into the details in today’s blog. With the current high interest rates, homeowners generally, but especially with variable-rate mortgages are experiencing significant increases in their...

Navigating Mortgage Renewals in Rising Interest Rate Environment

Navigating Mortgage Renewals in Rising Interest Rate Environment

Navigating Mortgage Renewals in a Rising Interest Rate Environment: Expert Advice from GLM Mortgage Group As Canadians continue to grapple with the fastest rising interest rates in over four decades, the prospect of renewing a mortgage can be overwhelming. With...

Exploring the Concept of Halal Mortgages

Exploring the Concept of Halal Mortgages

Exploring the Concept of Halal Mortgages Last week we touched on different aspects of the Federal Budget that was announced by the Federal Government on April 16th. One thing that we did go in depth on is a new novel term echoed through financial circles: "halal...