Dominelli Mortgages

Bank of Canada may raise rates July 20th

admin — Tue, 13 Jul 2010 17:39:39 +0000

Bank of Canada may raise rates on Tuesday

Congratulations!

admin — Thu, 03 Jun 2010 03:57:35 +0000

Maria Dominelli has been awarded the 2010 Mortgage Broker Association of BC Community Service Award

Bank of Canada raises rate by .25%

admin — Thu, 03 Jun 2010 03:53:38 +0000

Read Maria’s most recent quote in the Times Colonist, and call us with any questions about your mortgage.

Mortgage Insurance product changes

admin — Mon, 22 Mar 2010 16:32:52 +0000

The following changes apply to mortgage loan insurance applications submitted to CMHC /Genworth on or after April 9, 2010:

CMHC/Genworth will no longer be accepting stated income for those who have been self employed longer than 3 years or are commissioned sales.
Reduced the maximum loan to value from 95% to 90% on the stated income product for self employed on purchases and 85% for refiannces.
Reduced refinances from 95% to 90% for owner-occupied properties
Reduced maximum loan to value ratio for purchase/refinance on non owner-occupied investment properties to 80%.
Maximum 50% of eligible rental income can be added to gross income for qualification purposes
Qualifying interest rate for loan to value ratios greater than 80% for mortgages with a fixed rate term of less than 5 years and for all variable rate mortgages is the greater of the benchmark* rate and the contract interest rate.

*The benchmark rate on the Bank of Canada website will be used for the qualifying rate. The benchmark rate is typically the 5 year fixed posted rate. Qualifying rate will be for high ratio mortgages only.

Welcome

admin — Fri, 13 Nov 2009 07:47:43 +0000

The team at Maria Dominelli is delighted to welcome you to our new website. Our dynamic new look and enhanced functionality reflect our ongoing commitment and uncompromising standards of service to our clients. We look forward to working with you!