4 Key Things to Know about a Second Mortgage

A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and student loans) that a [...]

By |2023-01-31T11:36:48-05:00January 31st, 2023|Financial, General, home, mortgage|0 Comments

Reverse Mortgage

A reverse mortgage from HomeEquity Bank is designed to give Canadians 55+ access to up to 55% of their home equity, tax-free. CHIP Max provides loan amounts that are higher than the standard CHIP Reverse Mortgage. If your client requires more money than the CHIP Reverse Mortgage provides, CHIP Max can be a great [...]

By |2023-01-12T13:06:12-05:00January 12th, 2023|equity, Financial, home, mortgage|0 Comments

Retirement Worries Weighing you Down?

It’s natural to have uneasiness over the state of your retirement preparedness due to the inherent uncertainties involved: How long will I live? Will my health or my spouse’s health fail? and when? How much will my current assets and investments grow in value? How will inflation impact the next 5, 10 or 20 [...]

By |2022-11-09T15:13:18-05:00October 17th, 2022|mortgage|0 Comments

Construction and Pre-Construction Mortgages

Building or renovating your own home is such an exciting time and allows you to create something tailored to you and your family!  But when it comes to construction mortgages, there are a few different types of loans: new construction and even pre-construction.  Let’s break it down so you can determine the best choices [...]

By |2022-08-24T16:26:35-04:00August 24th, 2022|Financial|0 Comments

Readers Choice Awards! Nominated in 3 Categories

Dominion Lending Centres - The Morris We are absolutely humbled to be nominated in three categories in 2022 for the Readers Choice Awards! We would very much appreciate your vote and support to win! We are nominated for: 1. Mortgage Broker/Advisor - Leslie Morris 2. Lending Services 3. Mortgage Company/Services Use the link below [...]

By |2022-08-18T14:36:19-04:00August 18th, 2022|General|0 Comments

Could an Investment Property Be Your Pension?

An investment (or rental) property, can be a great option for generating additional monthly income and growing your wealth over time, if done properly. This strategy has multiple options and outcomes that can benefit Canadians such as: Supplementing income now and boosting pension in the future creating more financial freedom Allowing you to buy [...]

By |2022-07-19T14:22:42-04:00July 19th, 2022|Financial|0 Comments
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