Derrick Bryce - Mortgage Agent Dominion Lending Centres

Derrick Bryce - Mortgage Agent Dominion Lending Centres

I work hard for my clients to ensure they are getting the best mortgage for their needs.

I work hard for my clients to ensure they are getting the best mortgage for their needs.

dominionlending.ca

Bank of Canada Remains on Hold, Revising Down Oil Market Outlook - Dominion Lending Centres

dominionlending.ca The Bank of Canada left the overnight benchmark policy rate at 1-3/4%, as expected. In another dovish statement, the Bank of Canada acknowledged a slowdown in global economic activity and highlighted that oil prices are roughly 25% lower than what they had assumed in the October Monetary Policy Repo...

Credit Awareness Month: What is a Credit Score?

This might seem a little obvious to some people; your credit score is just like any other score – it’s a number, and if it’s high that’s good and if it’s low that’s bad. And while you wouldn’t be wrong in saying this, there’s a little more to it…

Your credit score is a number used by various creditors (banks, car dealerships, cell phone vendors etc.) to get an idea of the kind of borrower you are based on your past borrowing behaviors. This will help them determine whether or not to give you a loan.

Your score can range from 300-900 and takes into consideration several variables that are all put together to give you your final score. We'll get into those variables in a later post.

In a nutshell, your credit score is a reflection of your credibility as a borrower; it tells lenders how likely you are to pay them back if they lend you money or give you some other form of credit. Therefore, if your score is low, you might be considered a risk, and if it’s high, you’re probably a safe bet.

Hope that made things clearer for you guys! Stay tuned as we work our way through more aspects of credit over the coming weeks. And if you’re curious about anything mentioned here check out this Equifax page:

https://www.consumer.equifax.ca/personal/education/credit-score/what-is-a-credit-score/?CID=3&credit%20score%20canada_G_e&adID=240654772041&DS3_KIDS=p28948076383&gclid=CjwKCAjw8uLcBRACEiwAaL6MSYHoI_IRe2P41IS1mrihKKv49HTuGG1wRUIohApsUgiRLqDMBQtGZBoCgrsQAvD_BwE&gclsrc=aw.ds

ottawacitizen.com

Home, condo prices show strong gains in December, but no housing bubble on horizon

Entering 2019 with the most competitive market we've seen in years, it's more important than ever to have full confidence in knowing what you can afford & where the market is trending.

Know where you stand; call me today!

https://ottawacitizen.com/news/local-news/home-condo-prices-show-strong-gains-in-december-but-no-housing-bubble-on-horizon?fbclid=IwAR0WjWsYd_QvPzJ52xnOWaXed_cSDtbQh3jAizK-8aoRiZR7wZzo8cL5Yds

ottawacitizen.com Ottawa’s housing market ended 2018 the same way it began — with sharply fewer listings than the year before. The relative shortage was not only hugely frustrating for buyers forced to e…

Credit Awareness: Myths and Facts About Credit

Myth: Checking your credit hurts your credit.

FACT: You should check on your credit once in a while. Credit is just like anything else in life: When you stop watching your gas tank you run out. When you don't check the time, you run late. And when you don't check your credit on occasion, you might find some surprises.

Myth: Having a phone contract helps to build your credit.

FACT: Nope, but not making those monthly payments on the contract definitely hurts your credit.

Myth: Having multiple credit cards is bad for your credit.

FACT: Having a couple of credit cards is actually good for your credit, as long as you are paying them off. It's crucial to have more than one source of credit, whether it be multiple credit cards, a line of credit etc. to build a well rounded credit score.

Something you didn't know: Carrying a balance of more than 30% of your available credit can be detrimental to your credit score. So if you have a $10,000 limit on your credit card always be sure it's paid down to at least $3000. If you have a $5000 line of credit, be sure it's paid down to $1500. This is the easiest way to build your credit and stay out of trouble. It's okay, and good even, to use you're credit, as long as you're taking the right steps to manage it!

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Resolutions: Credit Improvement

As we enter the 2019 it's important to look forward and take small steps towards new goals. Often times resolutions get bogged down with unrealistic expectations. So this month let's try to get a handle on something that can make a real change in your life: your credit.

Everyone has heard of it; but few people really have a grasp on this concept. So for the next few weeks let's try to get a real handle on what your credit it, how it affects your life, and what you can do to improve it.

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Newer isn’t always better. A home is what you make it. Talk to us about a Purchase Plus Improvement Plan. If you find the perfect home, the last thing you need is the cost of fixing a small flaw in it to scare you away from jumping on it. With a purchase a Purchase Plus Improvement Plan we can extend your mortgage to cover the cost of renovations, allowing you to pay it off with your mortgage, at the same interest rate. This is a much better option than potentially using your credit card or taking out another line of credit which would both have a much higher interest rates. Get a home and a mortgage designed for you.

www2.mambonetcom.com

DLC BLOG: Variable Rate? To Lock In Or Not?

Many people ask me if it's time to lock in because they're in a variable rate mortgage. Give this article a read if you're thinking about locking in or going with a fixed rate mortgage.

Contact me anytime with your mortgage related questions.

www2.mambonetcom.com This post applies if you are taking a new mortgage, whether it’s for a purchase, refinance, or renewal. The variable remains the main contender.

bankofcanada.ca

Bank of Canada increases overnight rate target to 1 ¾ per cent

Bank of Canada raises overnight interest rate to 1.75%.

Contact me today with any of mortgage questions.

bankofcanada.ca The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.

bankofcanada.ca

Bank of Canada maintains overnight rate target at 1 ½ per cent

Bank of Canada keeps overnight interest rate at 1 1/2 per cent.

Contact me with any of your mortgage questions.

bankofcanada.ca The Bank of Canada today maintained its target for the overnight rate at 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent.

www2.mambonetcom.com

DLC BLOG: Mortgage brokers have solutions

Call me today if you are looking for new mortgage or just have some mortgage questions.

www2.mambonetcom.com A lot of people are getting stressed out by Canada’s new mortgage stress test. In the past, if you had a good sized down payment (ie 20%) someone with a low income could purchase a home even if they did not meet the debt level guidelines for insured mortgages of 32/40 . Later this was changed to 3...

en.wikipedia.org

Dinosaur size - Wikipedia

Dinosaur size - Wikipedia. T https://t.co/Agn6E0aTSZ

en.wikipedia.org Size has been one of the most interesting aspects of dinosaur science to the general public and to scientists. Dinosaurs show some of the most extreme variations in size of any land animal group, ranging from the tiny hummingbirds, which can weigh as little as three grams, to the extinct titanosaurs...

www2.mambonetcom.com

DLC BLOG: Porting a Mortgage?

www2.mambonetcom.com Porting a mortgage is something similar to transferring a mortgage. Transfers are when you move your current mortgage to a different lender in order to take advantage of different interest rates or mortgage products.

www2.mambonetcom.com

DLC BLOG: It's all about the property

Getting mortgage financing is not just about how much you make or your credit score. It's also about the property you need financing for. Give this article a quick read.

Contact me with any of your mortgage questions and keep on enjoying the summer!

www2.mambonetcom.com With all of the rule changes imposed by the federal and provincial governments around mortgage financing and real estate it may be more difficult to access financing. But don't take it personally - sometimes it's not you it's the property.When lenders underwrite your application for approval they lo...

www2.mambonetcom.com

DLC BLOG: Mortgage Protection Plan

It's always a good idea to at least look into Mortgage Protection Insurance even if you have other coverage.

Contact me anytime with your mortgage questions. Enjoy the sunny day!

www2.mambonetcom.com Insurance coverage is something that everyone is “pitched” at some point or another in their life. Unfortunately, a lot of us have a negative attitude towards insurance or warranty as it is perceived as being a cash grab.Yes, if you are purchasing a flat screen T.V., that extra 2-year warranty f...

dominionlending.ca

Poloz Opens The Door For A Rate Hike In July - Dominion Lending Centres

Bank of Canada held the overnight night interest rate today but that may mean there will be a hike in July. Fingers crossed that they don't. Contact me with any of your mortgage questions.

dominionlending.ca

www2.mambonetcom.com

DLC BLOG: Fixed Versus Variable Interest!

Is your mortgage coming up for renewal and you can't decide on fixed vs variable? Give this article a read for some helpful tips. Contact me with any of your mortgage questions and to see what type of rate I can get you.

www2.mambonetcom.com There are many reasons why, but the most unsurprising answer is always safety. With a fixed interest rate, you know exactly what you are paying every month and you know that the amount of interest being charged for the term of your mortgage will not increase and it will not decrease.

bankofcanada.ca

Bank of Canada maintains overnight rate target at 1 1/4 per cent

Good news. As expected Bank of Canada maintains overnight rate.

Contact me for a great rate on your mortgage or to answer any of your mortgage questions.

bankofcanada.ca The Bank of Canada today maintained its target for the overnight rate at 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent.

[02/07/18]   To all my facebook friends and business partners, I can currently get EXCEPTIONAL mortgage rates. Applications submitted prior to Mar 31, 2018. Contact me for more details.

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www2.mambonetcom.com

DLC BLOG: How mortgage brokers help you get approved by ‘A’ lenders

There's value in using a Mortgage Broker. Contact me today with any of your mortgage questions.

www2.mambonetcom.com Every year Canadian families are caught in unexpected bad circumstances only to find out that in most cases the banks and the credit unions are there to lend you money in the good times, not so much during the bad times.

www2.mambonetcom.com

DLC BLOG: How mortgage brokers help you get approved by ‘A’ lenders

www2.mambonetcom.com Every year Canadian families are caught in unexpected bad circumstances only to find out that in most cases the banks and the credit unions are there to lend you money in the good times, not so much during the bad times.

bankofcanada.ca

Bank of Canada increases overnight rate target to 1 1/4 per cent

bankofcanada.ca The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent.

Dominion Lending Centres

Our Economist Dr. Sherry Cooper breaks down today's Bank of Canada rate announcement
https://dominionlending.ca/news/no-surprises-bank-canada/

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Lilah Taylor - Mortgage Broker/Owner

Interest rate hikes are taking a breather. Contact me with any of mortgage questions.

Bank of Canada maintains overnight rate target at 1 per cent - next update on Dec 16 https://buff.ly/2y6HJG8
#bankofcanada
#mortgage

business.financialpost.com

Mortgage industry sees amortization loophole in OSFI’s new stress test rules

Very interesting article for those of us stressing about the upcoming stress test being implemented Jan 1st.

business.financialpost.com Qualifying for a mortgage under new rules coming in the new year might not be as hard as you think, sources say

DLC BLOG: The Impact of Mortgage Rule Changes

www2.mambonetcom.com The mortgage rule changes that were passed by the Ministry of Finance in October 2016 are still having their effect one year later. Higher qualification requirements and new bank capital requirements have split the industry into two segments – those who qualify for mortgage insurance and those who d...

cbc.ca

New mortgage rules will require financial stress test for uninsured borrowers starting in 2018

It's about to get tougher to qualify for a mortgage. Call me before Jan 1st and avoid not qualifying for a new mortgage.

cbc.ca Canada's top banking regulator has published the final version of its new mortgage rules, which include a requirement to "stress test" borrowers with uninsured loans to ensure they could withstand higher interest rates.

Lilah Taylor - Mortgage Broker/Owner

Not sure how the proposed "stress tests" might affect you? Call to me learn more #mortgagebroker #toronto

DLC BLOG: Bank of Canada Rate Change – Should I lock in?

www2.mambonetcom.com This month, the Bank of Canada increased their lending rate for the 2nd time in as many months. The changes in the Prime Lender Rates means that those with a variable mortgage rates will have seen that their mortgages rates adjusted alongside the changes to Prime Rate. For those of you with variable...

The Heddle Group

A new study by #RLP has indicated that peak #Millennials will continue to shape the future of Canadian (Hamilton) Real Estate, despite government constraints of affordability and mortgage regulations ... As quoted by Royal LePage CEO Phil Soper "Whether they choose to buy or rent, peak millennials will inevitably shape the housing market due to their sheer volume". In August of 2016, Millennials surpassed baby-boomers as the largest demographic in Hamilton. As the Royal LePage survey identifies, peak Millennials have a strong desire to get into homeownership and that trend will continue through 2021 and beyond. As a result, all signs continue to point to a strong Hamilton housing market based on underlying economic driving forces...Increasing buyer DEMAND within our local housing market. CHCH reporter Elizabeth Hall chatted with Mike yesterday about the Hamilton housing market and how it affects Millennials. http://www.chch.com/many-millennials-worry-wont-able-afford-home/ #HamOnt #TheHeddleGroup #CHCH

www2.mambonetcom.com

DLC BLOG: Financing Success: Finding funding when the bank turns you down

www2.mambonetcom.com For businesses large and small, a loan may be needed to overcome financial distress, purchase real estate, or acquire equipment to make their jobs easier. Business loans come in all sizes and for use in every aspect of business. Depending upon the size, age, and niche of your business, you can find…

Dominion Lending Centres

A Housing Slowdown Would Hit Canadian Jobs Hard http://www.huffingtonpost.ca/2017/08/01/a-housing-slowdown-would-hit-canada-hard_a_23060475/

whichmortgage.ca

Why Hamilton's housing market is among Canada’s hottest Which Mortgage

Hamilton's housing market is still very strong!

whichmortgage.ca More affordable prices and a surplus of residential listings are looking favourable for both seasoned and first-time buyers

www2.mambonetcom.com

DLC BLOG: How Credit Affects Your Loan Approval

www2.mambonetcom.com When you apply for a loan, lenders assess your credit risk based on a number of factors. Your credit score, as well as the information on your credit report, are key ingredients in determining whether you’ll be able to get financing and the rate you’ll pay. To get approved for a loan and to pay a lo...

www2.mambonetcom.com

DLC BLOG: Time to Be Heard Canada

www2.mambonetcom.com I met with a client recently who wanted to get a pre-approval before he sold his home. His neighbour is a very grouchy man who causes my client and his family a lot of stress. He just wanted to sell his home and move into a new one away from this situation. I had to tell him no and explain that alth...

www2.mambonetcom.com

DLC BLOG: Rate Increases and your ARM vs VRM

www2.mambonetcom.com Some of you are going to ask what is a ARM and VRM? These two acronyms are mortgage speak for adjustable rate mortgage and variable rate mortgage. These two mortgage products are both based on the prime rate of interest, in most cases this is 2.70% at the bank.

www2.mambonetcom.com

DLC BLOG: Keeping your economic future on the right path

www2.mambonetcom.com This income class includes teachers, firefighters, plumbers, engineers, nurses, construction managers and chefs - workers from across the economic spectrum. They provide and consume the bulk of services that keep society afloat, driving economic growth and investment with every purchase.

www2.mambonetcom.com

DLC BLOG: Emotional Homebuyers Can Lose Out On the Best Deals

www2.mambonetcom.com Before we’ve explored every room, we often start imagining our new lives there. Where our furniture will go. The parties we’ll host in the open-concept living-dining space. The mornings we’ll spend at the breakfast bar overlooking the garden or skyline… When a home speaks to us emotionally, the fear...

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Address


1 Hunter St E, Ground Floor/Suite G100
Hamilton, ON
L8N 3W1

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
Other Mortgage Brokers in Hamilton (show all)
Mortgage and Insurance Agent - Matos Financial Services Inc Mortgage and Insurance Agent - Matos Financial Services Inc
2191 King Street East
Hamilton, L8K 1W8

Mortgages: Refinance, Debt Consolidation, Purchase Insurance: Life, Disability, Critical Illness, Travel Investments: RESPs, GICs, TFSAs

Kingsway Investments Kingsway Investments
105 Main St E # 1510
Hamilton, L8N 1G6

"We Specialize in Hard to place Mortgages" Serving Hamilton, Burlington, Oakville, Mississauga, Brampton, Toronto For any financing needs please call. Hamilton (905) 526-6300 Burlington (905) 333-1965 Oakville (905) 815-8400

Aaron Porcaro Mortgage Agent Aaron Porcaro Mortgage Agent
21 Bold Street
Hamilton, L8P1T3

Whether you are looking to buy a home, consolidate, renovate or renew, I can provide you with a low-interest rate secured solution to best fit your needs and work to get you the most out of your mortgage.

Best Mortgage Loans Inc. Best Mortgage Loans Inc.
949 Garth St.
Hamilton, L9C 4L3

At Best Mortgage Loans inc. our role is to educate and assist the borrower(s) in the home financing process!

Synergy Mortgage Group Synergy Mortgage Group
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Let us open the doors to your next home or investment property!

Kyle Jevons,                Mortgage Agent Kyle Jevons, Mortgage Agent
21 Bold St
Hamilton, L8P 1T3

Mortgage Agent #: M15000022 Cell: 905-870-5871 Office: 905-529-2521 x 114 Fax: 905-525-9701 Email: kyle@mfco.ca

Mortgage Mortgage
662 Fennell Ave E
Hamilton, L8V 1V1

Owning your dream home can become a reality!! CENTUM SRF Financials full service brokerage can help you secure the right mortgage for you at terms and conditions that suit your individual needs. We don’t sell products but build relationships.

Serenity Mortgage and Financial Coaching Serenity Mortgage and Financial Coaching
844 Upper Wentworth
Hamilton, L9A 4W4

A full service mortgage brokerage dedicated to helping families achieve financial balance and well-being.

The Nasons of Golden Mortgage Services Inc. The Nasons of Golden Mortgage Services Inc.
22 Marcel Place
Hamilton, L9B 1W3

We are a family owed an operated business since 1985 where 3 generations of Mortgage Brokers have helped thousands of clients with their mortgage financing needs. If you are thinking of buying, refinancing or debt consolidating then let us help you.

Sharon Daly - Mortgage Agent - Dominion Lending Centres Home Capital Inc Sharon Daly - Mortgage Agent - Dominion Lending Centres Home Capital Inc
987 Rymal Road East
Hamilton, L8W 3M2

Information

Phillip S. Brown Mortgage Agent FSCO M1300014 Phillip S. Brown Mortgage Agent FSCO M1300014
8 Brucedale Avenue
Hamilton, L9A 1M8

I help my clients by providing mortgage solutions to suit their needs and save them money, for both their personal and their business properties.

Charlie Difalco Charlie Difalco
275 James St
Hamilton, L8R2L4

Mortgage Specialist