by Geoff | Jul 22, 2022 | Uncategorized
GLM Mortgage Group Workflow Process At GLM Mortgage Group (powered by Dominion Lending Centres) we pride ourselves in providing excellent customer service and responding to phone calls, texts, and emails within 90 minutes. The process with GLM Mortgage Group is...
by Geoff | Jul 20, 2022 | Uncategorized
Fixed vs Variable Rates Today As you may have noticed, rates have been increasing due to inflations. This leads people to go back and forth with if they should go with a fixed rate or a variable rate. In this blog, we will go through both rates and which rate would be...
by Geoff | Jul 1, 2022 | Uncategorized
The Difference Between Pre-Qualified & Pre-Approved Not everyone get’s pre-qualified first. Usually, the mortgage broker will go through a 50/50 state, where they decided whether being pre-qualified is the best fit for the client or if they should move straight to...
by Geoff | Jun 26, 2022 | Uncategorized
How Much Down Payment Do I Need? A down payment is the amount you put towards the purchase of a home. Then your lender deducts the down payment from the purchase price of your home. Your mortgage then covers the rest of the price of the home. The minimum down payment...
by Geoff | Jun 15, 2022 | Uncategorized
How Interest Rates Affect Your Mortgage Mortgage Interest Rates have been increasing for the last couple of weeks. Making it more challenging for people to afford a mortgage, and perhaps get the rate they wanted or saw weeks prior to the changes. These changes are...
by Aidan | Apr 30, 2022 | Uncategorized
On April 13th, the Bank of Canada increased its target for the overnight rate to 1%, with the Bank Rate at 1.25% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April 25th. Maturing Government of...
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