Why should Canadians use a mortgage expert?
At Dominion Lending Centres, we provide our customers with options! Dr. Sherry Cooper shares her knowledge.
Watch VideoWhat is the difference between a variable rate mortgage and an adjustable rate mortgage?
There are so many options when it comes to your mortgage rate, Dr. Sherry Cooper breaks down the differences.
Watch VideoHow does the Bank of Canada rate impact the demand for housing?
Did you know that the Bank of Canada’s decision to increase or decrease rates can make it more or less expensive to buy a home? Dr. Sherry Cooper explains it above.
Watch VideoHow does the qualifying rate impact Canadians?
Did you know that the qualifying rate was implemented to protect you if rates rise? The purpose is to ensure borrowers can handle their payments, should rates rise during economically challenging times. Dr. Sherry Cooper explains it in further detail.
Watch VideoIs a fixed rate mortgage better than a variable mortgage?
One of the most commonly asked questions is: should I lock into a fixed-rate or choose variable? Dr. Sherry Cooper explains why this isn’t always obvious.
Watch VideoHow are fixed rate mortgages determined?
Did you know that there are many different options when it comes to fixed rate mortgages, and not each lender offers the same? Dr. Sherry Cooper explains the intricacies.
Watch VideoShould Canadians shop the market for a mortgage, or are they all the same?
As a Dominion Lending Centres mortgage expert, I have access to hundreds of financial institutions, allowing me to shop the market for you and present you with different solutions. Dr. Sherry Cooper explains the benefits.
Watch VideoWhy should Canadians care about inflation?
Inflation directly impacts your purchasing power! Dr. Sherry Cooper explains the background.
Watch VideoIs consolidating debt a smart move?
Depending on the type of debt you hold, refinancing your mortgage to consolidate debt may be the right thing to do. Dr. Sherry Cooper shares her opinion.
Watch VideoWhat is the best way to handle credit card debt?
Borrowing money via your credit card can be a slippery slope. Get expert advice from Dr. Sherry Cooper.
Watch VideoHow are variable rates set?
In times of economic fluctuation, variable-rate mortgages are often the most affected. That is because variable rates are determined by the Prime lending rates. Therefore, when the Bank of Canada makes increases to the overnight rate, then Prime increases leading to the same increase on your variable-rate mortgage. Dr. Sherry Cooper explains it in more detail.
Watch VideoAre fixed mortgages or variable rate mortgages more popular?
For years, fixed- rate mortgages have been the most prominent mortgages in Canada due to the consistent payments and ease of mind that it provides to Canadians. However, variable-rate mortgages have risen in popularity over the last few years with the sharp decrease in interest rates. Learn more from Dr. Sherry Cooper.
Watch VideoWill the variable rate trend continue?
With interest rates on the rise, it’s not likely that Canadians will continue to opt for variable over fixed but the debate will no doubt continue. What is important to remember, is that choosing your mortgage product depends on YOUR personal goals and unique situation. Learn more from Dr. Sherry Cooper.
Watch VideoHow are mortgage brokers compensated?
Mortgage brokers are a highly regulated industry, ensuring the upmost competency with regular testing and requirements. Learn more from Dr. Sherry Cooper.
Watch VideoAre mortgage brokers regulated?
Mortgage brokers are a highly regulated industry, ensuring the upmost competency with regular testing and requirements. Learn more from Dr. Sherry Cooper.
Watch VideoWhat is a basis point?
It can be easy to panic when you see that the Bank of Canada has raised the rate by 75 basis points for example, especially when you don’t know what a basis point is! To put a simply, it is a unit of measurement for changes in interest rates. A single percentage (1%) is made up of 100 basis points (or bps or “bips”). So 75 basis points is only 0.75%! Dr. Sherry Cooper provides further details.
Watch VideoHow can first-time home buyers get into the housing market?
Buying your first place is exciting, but it comes with its fair share of hard work where your finances are concerned! Dr. Sherry Cooper provides her expertise.
Watch VideoWhat is mortgage insurance?
Ultimately, mortgage insurance protects the lender, not the borrower! Dr. Sherry Cooper provides her expertise.
Watch VideoIs there only one mortgage insurer?
There are three mortgage insurers in Canada who all offer the same coverage. Dr. Sherry Cooper explains in further detail.
Watch VideoDo you expect OSFI to make changes to the qualifying rate?
The qualifying rate, or stress test, was implemented to protect Canadians and lenders alike. The purpose is to ensure Canadians can afford their home now and into the future. Dr. Sherry Cooper explains in further detail.
Watch VideoHow has increased immigration impacted the housing market?
Canada has one of the highest rates of immigration, causing the housing demand to far outweigh the housing supply. Dr. Sherry Cooper explains how this may impact your purchase cost.
Watch VideoWill the Bank of Canada be able to reduce inflation?
In order to successfully reduce inflation, Canadians may need to get used to higher interest rates for a longer period of time than we expected. No one knows for sure, but Dr. Sherry Cooper shares her insights.
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