Welcome - Johnson Czempoyesh TEAM Dominion Lending Centres

Do you wonder why you are being asked for paperwork when you apply for a mortgage?  C’mon, the lender is giving you their money!  I am sure you don’t expect them to say, “here, take our $250,000, and don’t worry, we don’t need anything”
Times have changed since you just needed to show your pay stub and all was good to go.   The Government has stepped in and said, “be really, really sure this applicant has the ability to repay the loan”  Bill B-20 has affected all borrowers by forcing...

We know – more changes?! How can that be! With this ever-changing landscape, mortgages continue to get more complicated. This next round of changes is predicted to take affect this coming October 2017 (date not yet available). These new rules contain...

Fixed vs. Variable Rate Mortgage?
That question has always been a big one (variable or fixed ), and quite honestly it’s never been one I have been very comfortable with as it’s always a bit of a guessing game.
The problem I find is the more information you hear from economists, the more confusing it gets.  They also commonly say the opposite of what is happening.  Pick two or three Economist and a subject, and you will always get conflicting view points....