Demand Loan vs. Term Loan. What’s the Difference?

General Michele McGarvey 31 Oct

29 Oct 2018 Demand Loan vs. Term Loan. What’s the Difference? What’s the difference between a Demand Loan and a Term Loan? A recent commercial mortgage refinancing I was involved with resulted in a discussion around Demand Loans. What are they exactly, and how they might typically differ from a term loan? A demand loan […]

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A bride and a mortgage broker – Our House Magazine

General Michele McGarvey 17 Oct

16 Oct 2018 A bride and a mortgage broker – Our House Magazine Dominion Lending Centres’ leading lady in the new national commercial campaign has a few questions of her own. As a young Canadian looking to get into the housing market, Laura Steponchev has a candid Q&A with one of our pro’s. You could […]

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The Downsizing Dilemma

General Michele McGarvey 15 Oct

12 Oct 2018 The Downsizing Dilemma With almost 50% of homeowners ready to retire and wishing to stay in their home and 30% of those people with most of their money tied up in home equity, the downsizing dilemma is real. Can they afford to stay in their home or is downsizing the better option. […]

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Mortgage Insurance 101

General Michele McGarvey 4 Oct

4 Oct 2018 Mortgage Insurance 101 For a first-time home buyer, the types of insurance surrounding a mortgage can be confusing, so it’s important to know what insurance covers what. There are 3 main types of insurance to know about when buying a home. Mortgage Default Insurance – If you put less than 20% down […]

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The Pros and Cons of Co-Signing for a Mortgage

General Michele McGarvey 2 Oct

2 Oct 2018 Some good information here… The Pros and Cons of Co-Signing for a Mortgage If you keep up on the news you know that qualifying for a mortgage is getting tougher and tougher. Someone who would have sailed through the application process 10 years ago could find themselves declined for a mortgage today. […]

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Keeping Your Credit Score Healthy

General Michele McGarvey 27 Sep

12 Sep 2018 Keeping Your Credit Score Healthy There is a lot of misinformation floating around about credit bureaus, credit reports and credit scores – not only that, but a large amount of the clients I work with have never even seen their credit report or score before! I’d like to shed a bit of light, […]

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A CHIP Success Story

General Michele McGarvey 25 Sep

One reason CHIP can be so successful… 20 Sep 2018 A CHIP Success Story A few years ago, I met with my Home Equity Bank representative. He was trying to encourage me to go visit my financial adviser referral partners to offer the Chip Reverse Mortgage product. I explained that I did not know anyone […]

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HGTV’s original boss babe – Sandra Rinomato

General Michele McGarvey 19 Sep

18 Sep 2018 HGTV’s original boss babe – Sandra Rinomato After taking a turn as the host of Property Virgins and Buy Herself, Sandra Rinomato has come full circle putting her efforts back into Toronto area real estate. Sandra Rinomato fell into a career in real estate almost by accident. It was the mid-90s, and […]

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Poloz Holds the Line on Rates

General Michele McGarvey 10 Sep

Poloz Holds The Line On Rates As expected, the Bank of Canada held its key overnight rate this morning at 1.5%, asserting that July’s surprising spike in CPI inflation to 3% was in large part because of a jump in airfares. The Bank expects inflation to move back towards 2% in early 2019, as the […]

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