Reasons To Consider a Reverse Mortgage

CHIP Reverse Mortgages Raymond Walia 19 Feb

Reverse mortgages are designed to allow you to access up to 55% of your home’s equity, thereby allowing you to convert your home equity into cash. This can be done as either a one-time lump sum payment, or you can choose to structure it to receive monthly payouts. The money received through a reverse mortgage […]

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What is a Reverse Mortgage?

CHIP Reverse Mortgages Raymond Walia 19 Feb

Reverse mortgages are designed for Canadians who are 55 and older. The goal is to allow these individuals to tap into the equity of their home to assist in comfortable financial living. However, the difference is that once a reverse mortgage is in place, borrowers are not required to make regular payments. This allows them […]

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Overview

CHIP Reverse Mortgages Raymond Walia 19 Feb

Reverse mortgages are continuing to gain popularity for homeowners over 55 in Canada. One reason for the increased popularity of the reverse mortgage is simply necessity. For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is […]

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Renewing Your Mortgage

Renew Raymond Walia 19 Feb

When it comes time to renew your mortgage, most lenders will send you a renewal letter when there is around 3 months remaining on your term. While nearly 60 percent of borrowers simply sign and send back their renewal without ever shopping around for a more favourable interest rate, this is actually the best time […]

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Refinancing Considerations

Refinancing Raymond Walia 19 Feb

As with everything, refinancing comes at a price! If you are experiencing a financial rough-patch or one of the previously mentioned situations and think that refinancing your mortgage could be the right solution, there are a few things to know. The first and most important thing to understand about mortgage refinancing is that if you […]

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Benefits of Refinancing

Refinancing Raymond Walia 19 Feb

Mortgage refinancing can result in a host of great benefits, such as reducing financial stress and helping get you back on track for your financial future! Some of the larger benefits include: ACCESS A LOWER INTEREST RATE As mentioned above, one reason to refinance your mortgage is to get a better rate – this is […]

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What Is Mortgage Refinancing

Refinancing Raymond Walia 19 Feb

Refinancing your mortgage refers to the process of renegotiating your current mortgage agreement for a variety of reasons. Essentially, refinancing allows you to pay off your existing mortgage and replace it with a new one. There are a variety of reasons to consider mortgage refinancing, including but not limited to: You want to leverage large […]

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Overview

Refinancing Raymond Walia 19 Feb

Life happens. Whether you are facing financial emergency, wanting to improve your financial situation, put more into your investment portfolio or simply wanting to spoil yourself with a long overdue trip, mortgage refinancing can be the answer – when done properly! Published by DLC.

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Expert Advice

Moving? Raymond Walia 19 Feb

Regardless of where you are moving on the property ladder – whether up to a full-size family home or down to a more comfortable condo – a Dominion Lending Centres mortgage professional can help you move on up the property ladder and ensure future financial success so you can continue living the life of your dreams! […]

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Reverse Mortgages

Moving? Raymond Walia 19 Feb

Most individuals looking to scale down are looking to do so for retirement or because they are now empty-nesters. However, if you are looking to downsize simply due to being unable to manage your mortgage or maintenance costs, there is an option called a “Reverse Mortgage”. A reverse mortgage is a loan secured against the […]

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