Read our mortgage blog to stay up-to-date with all of the latest news and information about homes, mortgages and mortgage broker services in Alberta.

Renting Your Space: Let a Dominion Mortgage Broker Explain Suite Income and How It Can Qualify You for a Mortgage

Mike Christenson


Secondary rental suites, like basement apartments, have always been a popular way to subsidize the cost of purchasing a home. But did you know that you can now use 100 percent of the income from a rental suite to qualify for a mortgage? Canada's largest default insurer, the Canadian Mortgage and Housing Corporation (CMHC) has made it easier for lower-income Canadians to purchase single-family homes in residential neighbourhoods by allowing suite income to be considered when assessing their ability to pay a home loan. Here's what you need to know about including suite income in your mortgage application. Read More..

3 Steps to Help Refinance a Mortgage to Help Your Business

Jeff Arthurs


Refinancing your home to help your small business is a great way to reduce your monthly payments, lower your APR, and access capital that can be used to further grow your business. But how do you go about applying for refinancing? Below are three steps to help you refinance a mortgage to benefit your business in St. Albert. Read More..

Choosing Between a Home Equity Loan and Home Equity Line of Credit

Jamie Arthurs


Alberta home equity loans and Home Equity lines of Credit (HELOCs) are convenient ways to access the equity you've built up in your home to pay for anything from home repairs to school tuition fees. But which type of loan is best for you? Below, we'll look at the main differences between the two types of lending products. Read More..

Dominion Lending Centres: Is the Grande Prairie Market Improving?

Mike Christenson


While Alberta saw an overall increase in average house prices and number of home sales in 2017, four of the province's 10 markets — Alberta West, Central Alberta, Grande Prairie, Lethbridge, and Lloydminster — saw a decrease in prices. While these smaller markets continue to struggle, cities like Edmonton have seen a rise in average home prices, with single-family homes seeing an increase in value of 3.6% to $382,337.  Read More..

Understanding the Rules for a First Time Home Buyers Loan

Jeff Arthurs

First Time Home Buyer Loans

The new mortgage rules have made purchasing a home more complicated for first-time buyers. There are more variables that affect an approval such as qualifying rates and size of down payment. Mortgage brokers will help you understand what you need to know about obtaining a first time home buyers loan under the new rules. Read More..

Self-Employed? How Dominion Lending Mortgage Brokers Can Help

Jamie Arthurs

Self Employed Dominion Mortgage Brokers
Obtaining a mortgage when you're self-employed can be challenging, as each bank has different rules as to what level of income you need in order to qualify for a loan. Below are a few ways a Dominion Lending Mortgage Broker in Red Deer can help you secure a mortgage as a self-employed individual. Read More..

Choosing the Right Mortgage Broker During the Fort Mac Housing Boom

Mike Christenson


The Canada Mortgage and Housing Corporation (CMHC) has stated that reconstruction has started on one third of the residential units destroyed in the wildfires — about 844 units. While the rebuilding process is estimated to take three to four years to complete, the CHMC says that housing units are being rebuilt faster than expected. Housing prices expected to rise in earnest over the next few years, so you'll want to have a Fort McMurray mortgage broker on your side to get you the best mortgage. Read More..

5 Questions to Ask About Refinancing with a Mortgage Broker

Jeff Arthurs

refinancing with a mortgage broker
If you plan to stay in your home for the next few years, a mortgage refinance can sound like a good way to lower your monthly payments and create some room in your budget. There are circumstances, however, in which refinancing isn't financially advantageous or even possible. Before you apply for a new loan, here are five questions to ask about refinancing with a mortgage broker in Edmonton. Read More..

Is a Debt Consolidation Loan Right for Me?

Jamie Arthurs

Debt Consolidation Loan
Are you having difficulty managing your monthly payments or are feeling overwhelmed about your finances? If you have a lot of consumer debt and own your own home, a debt consolidation loan using your home’s equity can help you get your finances back under control. Not only do debt consolidation loans in Red Deer lower your average interest rate so you can pay off debt faster, but they also help you rebuild your credit rating by making repayment easier. Instead of managing multiple payments to different creditors, you'll just need to make one simple payment per month on your mortgage.  Read More..

What are Dominion Mortgage Brokers and How Can They Help You?

Mike Christenson

Dominion mortgage Brokers
Many people are hesitant to consult a mortgage broker to assist with purchasing a home — after all, does a broker really do anything that you're not able to do yourself? ABSOLUTELY! There are several benefits to working with a mortgage lender as opposed to directly with banks and other lenders. Here's what you need to know about dominion mortgage brokers and how they can help you in the home-buying process.  Read More..


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