Kelowna Mortgage Broker Dominion Lending Centres Dave Lytton: March 2009

Tuesday, March 3, 2009

Fixed vs variable mortgages in Kelowna

Fixed vs variable. Variable usually offers a better rate than a fixed mortgage but it fluctuates with the prime rate of Canada and could climb to a point that is more expensive than a fixed rate. You can always lock into a fixed rate at any time, but no one knows what that rate will be in the future.

Dave Lytton
Dominion Lending Centres Kelowna
Toll Free: 1-866-862-5040
Tel: 250-862-5040
Cel: 250-862-6630
E: dlytton@shaw.ca
http://www.davelytton.com/

Sunday, March 1, 2009

Understanding your credit report

Understanding your credit report. Your credit report is one of the most important pieces of the mortgage puzzle. Your credit score is an indication of risk lenders are willing to take.

Dave Lytton
Dominion Lending Centres Kelowna
Toll Free: 1-866-862-5040
Tel: 250-862-5040
Cel: 250-862-6630
E: dlytton@shaw.ca
http://www.davelytton.com/

What do you do at Dominion Lending Centres, White House Mortgages?

The purchase of a home is the largest purchase most people make during their lifetime.

At Dominion Lending Centres White House Mortgage, we service your mortgage needs in Kelowna, Vernon, Penticton, the greater Okanagan and the province of BC.

We want to make each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date.

Whether you're looking to purchase your very first home or upgrade to a new home, renew your existing mortgage, refinance your mortgage to free up some equity, purchase investment properties or a vacation home, or lease business-related equipment, Dominion Lending Centres White House Mortgage has a variety of products available to meet your unique needs.

Dave Lytton specializes in Residential Mortgages, Refinance Mortgages, Line of Credit Mortgages, Equity Take out Mortgages, Construction Mortgages and Commercial Mortgages.

Testimonials

I was referred to Dave Lytton by a good friend of mine. I didn’t think I had a chance to get a mortgage for another rental property because I have my own business and don’t show that I make any money. Dave told me he tried almost 45 different lenders but never gave up and finally came up with a lender willing to look at my situation and lend me the money. What I really liked about Dave was his professionalism. Every time he hit a bump in the road, he explained exactly what had happened and why it happened so I always felt that he had my best interests at heart. Even though he had to go to so many lenders, I had a mortgage commitment in less than a week. He must have been working on my application full time. As long as I need mortgages, I will continue to use Dave forever.

Bruce G – Prince George

I had heard about mortgage brokers before and really thought they were someone that you went to as a last resort but I sure found out how wrong I was when I called Dave Lytton.

First, he explained what he did and where he went looking for the best mortgage available that fit my needs. Then he explained what the whole process was going to entail, from the application process, to helping me with the documents I needed to get, what to expect when I went to the lawyer’s office and finally, has kept in touch with me ever since.

And best of all, his services were free. Boy, was I ever blown away. I have referred Dave to several of my friends and one family member and they have all said the same thing: that Dave is fantastic. Thanks for everything Dave.

Wayne G – Kelowna.

I thought that if I was ever able to buy a house in Canada, I would have to put down a huge amount of money and pay really a really high interest rate. I had just moved back from many years in the States and had my own business. I spoke to a big bank here and they said I didn’t have a chance because I showed very little income for tax purposes. Then my mom suggested I speak to a mortgage broker named Dave Lytton. She had sent other people to him and said they were all really happy with his services and that he was very professional and treated everyone like they were family. I had not owned a home in Canada before so Dave sat down with me for a couple of hours, going over every detail of what to do and what to expect. He answered my questions in layman’s terms, no matter how silly some of them may have seemed to him. He made me feel important. Best of all however, is the fact Dave was able to get me a mortgage without a huge down payment and at a very competitive interest rate. He told me he had spoken to over 40 lenders from all across Canada about my situation and came back to me with 3 different options. He explained each lender and their offer in detail and let me choose the one that I felt was best for me. (I didn’t take the mortgage with the lowest interest rate) I thought buying a home would be one of the most stressful things I would ever do, but with Dave’s assistance each and every step of the way, it was virtually stress free. I was expecting Dave to charge me a big fee for all the work he put in for me (because that’s what happens in the States), but Dave told me the lender paid him for setting up the mortgage with me. How good was that! I can’t speak highly enough about Dave and what he did for my family and will work with Dave for the life of my mortgage.

James B.
Vancouver Island

"I was turned down by several banks and had given up hope until someone suggested I speak to Dave Lytton. What I really liked about Dave was his desire to turn over every rock he could and never give up on me. Dave kept me informed every couple of days until he met me with a commitment. I was absolutely thrilled!"

Rodney, from Peachland

"Having Dave Lytton work for my wife and me was the best thing we have ever done. He is such a professional in every sense of the word. From initial meeting, to follow up, follow thru with our lawyer and beyond. I can't speak highly enough of Dave."

Cathy and Ron Kelowna

A number of years ago, I was young and went through a very messy divorce that absolutely destroyed my credit rating. For a couple of years I tried to keep up with the payments but eventually had to declare bankruptcy. At that time a friend of mine told me to speak to Dave Lytton about my situation. He told me that Dave was very understanding and would treat me with respect and empathy and wouldn’t look down at me for my situation so I called Dave and we met in my apartment one evening. He explained to me how important it was to get my credit back in shape or that my bankruptcy could haunt me forever. He suggested I get a credit card even tho I would have to “prepay” the card limit. He suggested I speak to my bank about a small RRSP loan. He told me to periodically check my own credit report with Equifax and Trans Union to see my score come up. He told me how important it is to pay your bills on time. Well, it has been a couple of years and my score has risen from the mid 400’s to over 650 and that I may well qualify for a mortgage. Dave has kept in touch with all this time and I have really appreciated that. If it wasn’t for Dave I know I would still be back where I was a couple of years ago. I can’t thank Dave enough for all he’s done for me.

Mario B - Kelowna

Why use a Kelowna Mortgage Professional

Tuesday, March 3, 2009

Fixed vs variable mortgages in Kelowna

Sunday, March 1, 2009

Understanding your credit report

Keowna Mortgage Broker - Dave Lytton

About Me

Mortgage Videos

What do you do at Dominion Lending Centres, White House Mortgages?

Testimonials

Blog Archive

Why use a Kelowna Mortgage Professional

Tuesday, March 3, 2009

Fixed vs variable mortgages in Kelowna

Sunday, March 1, 2009

Understanding your credit report

Keowna Mortgage Broker - Dave Lytton

Subscribe To Dave Lytton

About Me

Mortgage Videos

What do you do at Dominion Lending Centres, White House Mortgages?

Testimonials

Blog Archive