General Kristin Woolard 7 Feb
How to Save with a Variable Mortgage. When it comes to mortgages, the age-old question remains: “Should I go with a variable or fixed-rate?”. To make an informed decision, it is important to look at the type of buyer and the historical trends. When it comes to variable versus fixed-rate, it is important to understand […]
Read MoreMortgage Tips Kristin Woolard 28 Jan
Renting Vs. Buying: What You Need to Know! When it comes to the Canadian housing market, there are lots of options for where to live! From renting an apartment to owning a single-family home, it all comes down to where you see yourself living and what you can afford! The beauty is, there is no […]
Read MoreGeneral Kristin Woolard 13 Jan
Second Mortgages: What You Need to Know. One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans – such as a second mortgage. What is a second mortgage? First […]
Read MoreMortgage Tips Kristin Woolard 21 Apr
In times of a hot real estate market often family members want to help any way they can to give their loved one an edge. I am regularly asked about whether a direct relative can co-sign to help with qualification. While it’s a wonderful gesture there definitely needs to be careful consideration of the […]
Read MoreGeneral Kristin Woolard 1 Dec
What are your post-COVID goals? Is one of them to become a sun-loving snowbird south of the border or in another part of the world? A reverse mortgage can help you achieve that goal. Contact me by email at kwoolard@dominionlending.ca or by phone at 6041-319-6573, and visit us at www.ourreversemortgage.ca for more information. Let us […]
Read MoreGeneral Kristin Woolard 11 Jun
Many things in our world have changed permanently and the real estate market is no exception. Shortly after Canada shut down due to the pandemic, interest rates spiked briefly and the Bank of Canada reduced the overnight rate by 150bps to cushion the economic shocks from both COVID-19 and the sharp drop in oil prices. […]
Read MoreGeneral Kristin Woolard 18 Mar
As the full impact of the COVID-19 crisis starts to be felt, I wanted to ensure you have as much information as possible on the relief measures that are being put into place. First, if you are facing loss of income due to quarantine or workplace closure you may be able to seek EI benefits […]
Read MoreGeneral Kristin Woolard 30 Dec
With 2020 just a day away I realized this is a time most of us reflect on the past year and set new goals for the upcoming year. Many people have resolutions to live healthier and exercise more but how many of us plan for a healthier financial picture? Depending on how good – or […]
Read MoreGeneral Kristin Woolard 24 May
With approximately 1,000 people retiring every day in Canada it’s not surprising that there has been an increased demand for Reverse Mortgages. A Reverse Mortgage can assist people aged 55+ realize their dreams in retirement. Whether they want to travel, help their kids or grand kids or even just supplement their monthly income a Reverse […]
Read MoreGeneral Kristin Woolard 10 Mar
With the mortgage rule changes in recent years lenders have had to make some adjustments to their rate offerings. There are different tiers and rate pricing based on the following 3 categories: 1) Insured – a mortgage that is insured with mortgage default insurance through one of Canada’s mortgage insurers, CMHC, Genworth or Canada Guaranty. […]
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