When it comes to mortgages, many people realize too late how important it is to be financially prepared. Looking back, there are a few key lessons that can make a big difference for your future.

Start with your credit score. A strong score can give you access to better rates and terms, while unresolved debts or high balances can limit your options. Next, think about your long-term plans: Are you planning to move, renovate, or pay off your mortgage early? The answers will affect the type of mortgage that’s right for you.

Another lesson many homeowners wish they knew sooner is how prepayment options work. Some mortgages let you make lump-sum payments or increase your regular payments without penalty. Others have restrictions that can cost you if you need flexibility. Being aware of these details helps you plan ahead and avoid surprises.

Finally, having a trusted mortgage professional on your side is invaluable. From reviewing your current situation to preparing for future changes, the right guidance ensures you’re making informed decisions and staying financially confident.

The best way to approach homeownership is with foresight. Learning from the experiences of others—and from your own past decisions—helps you stay prepared, make smarter choices, and feel confident every step of the way.

– Michele McGarvey Team, Dominion Lending Centres

A new year opens the door to new possibilities.

For many, January feels like a reset — a chance to pause, reflect, and think intentionally about what’s next. If homeownership is on your horizon for 2026, now is an ideal time to begin planning, long before timelines feel rushed or overwhelming.

Starting early doesn’t mean making big commitments. It means having conversations, understanding your options, and gaining clarity around what’s realistic for you. From reviewing credit and savings goals to exploring different mortgage scenarios, thoughtful planning now can make the process smoother and more confident later.

One of the biggest advantages of early planning is flexibility. You have time to adjust, ask questions, and make informed decisions without pressure. Whether your goal is buying your first home, upgrading, or simply understanding where you stand, January offers space to map out a strategy that fits your life — not the other way around.

Homeownership is a journey, not a single moment. Starting the conversation early allows you to move forward with intention, support, and a clear plan. When the time feels right, you’ll be ready — informed, prepared, and confident in what’s possible.

– Michele McGarvey Team, Dominion Lending Centres