Why use a Kelowna Mortgage Professional

There are hundreds of products available to consumers. Let me do the shopping for you. I can often get you a better rate than you at your own bank. Best of all (except in the most challenging of circumstances), my services are free to the client.

Thursday, August 27, 2009

Residential Mortgages Kelowna


This is the largest portion of my business. Owning a home has proven over time to be a tremendous investment plus people have to pay something for housing, either rent or a mortgage.

With residential mortgage rates at historic lows, one can often get a mortgage with a smaller payment than a rent payment.

Why pay a landlord a payment when you can make your own equity grow and grow. With as little as 5% down (which can even be a gift from a family member), you too may be able to purchase your own home.

There are lenders that will give you the 5% down payment needed, however, their interest rates are higher because their risk is higher plus they need to recoup the initial 5% they have given you.

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/

Tuesday, August 25, 2009

Equity Take Out Mortgage Kelowna


An equity take out mortgage is exactly that; you are taking equity out of your home.

The best time to do this is at the end of your current “term”, thus eliminating any penalty for getting out of your current mortgage early.

If you are in the middle of your current term, let me advise you which option may be best for you.

It may be best to collapse your existing first mortgage (and pay the penalty for doing so) or perhaps get you a “second” mortgage while leaving your first mortgage in place.

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/

Line of Credit Mortgages Kelowna


A line of credit mortgage is a way some people increase their cash flow (often for other investment opportunities) because the payment each month can be an interest only payment.

The mortgage is often referred to as a HELOC or home equity line of credit.

It is not for the feint of heart as the mortgage balance does decrease unless you specifically apply extra monies towards the principle.

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/

Refinance Mortgages Kelowna


Your Okanagan home can be a source of extra financing to help meet your goals, whether you want to renovate or repair your home, help pay your child's college tuition, take that dream vacation, consolidate high interest rate credit cards or purchase an investment or vacation property.

I can help you refinance your home to 95% of your home’s value.

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/

Kelowna Home Purchase Information


HOME PURCHASE MORTGAGE OPTIONS
The purchase of a home is the largest purchase most people make during their lifetime. At Dominion Lending Centres White House Mortgage I want to make each and every purchaser is aware of the many mortgage options available to them prior to their purchase and closing date.

First Time Home Buyers
About 50 years ago you needed to have a down payment of 25% before a bank would give you a mortgage. The government wanted more Canadians to own homes so they set up an insurance agency called CMHC (Canada Mortgage & Housing Corp). This enabled Canadians to purchase a home with little down payment (currently 5%) as CMHC ensured payment to the lender thru high ratio insurance.

Since then the government has a program that allows a client to borrow money from their RRSP to use as a down payment and also waives the BC Property Transfer tax if the first time home buyer purchases a home for $425,000 or less. This is letting more and more Canadians purchase homes.

Today, interest-only loans, self-employment programs, rental purchase programs, vacation property programs, and a host of other innovative financing alternatives are dotting the home purchase landscape, making homeownership a reality for more people than ever.

I can assist you with a mortgage pre- approval, understanding fixed rate vs., variable rate mortgage, understanding your credit score, determining the right mortgage term, self employed solutions and help you pay off your mortgage faster.

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/

About Dominion Lending Centres Kelowna - Dave Lytton


Dominion Lending Centres is a national mortgage brokerage and leasing company with more than 1,200 mortgage professionals offering free expert advice across Canada - taking the hassles out of the mortgage process and simplifying your life.

With access to more than 90 lending institutions, including big banks, credit unions and trust companies, our licensed team of mortgage professionals is familiar with a vast array of available mortgage products - ranging from first-time homebuyer programs to financing for the self-employed to financing for those with credit blemishes.

And, best of all, Dominion Lending Centres' mortgage professionals work for you - not the lenders - to ensure you receive the best rates and products available in today’s marketplace.

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 has a variety of products available to meet your unique needs.

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/

Why use Dave Lytton as your Kelowna Mortgage Broker?


Great Listener: There are a multitude of mortgage options available. I will discuss and analyze your wants and needs to ensure you get the mortgage that’s right for you.
Great Communicator: I cover every aspect of your mortgage in detail to ensure there are no unpleasant “surprises” anywhere along the line.
Unsurpassed service: From meeting you at a time and place that is convenient for you and getting your approval back to you fast. Sometimes as fast as 4 hours.
Professional integrity: Sometimes talking about what you owe and own can cause embarrassment. I’ve been there. I’ll show you empathy and sensitivity.
Think Win-Win: If you’re renewing or re-financing, you may already have the best deal available from your lending institution. If that’s the case, I will tell you so. It’s this type of honesty that brings in many referrals.
Innovative: As a specialist in mortgages of all types I will look at your situation from all angles. This comprehensive thoroughness ensures the best mortgage for you.
Passion: I love what I’m doing. Let me put my high energy enthusiasm to work for you!
Truly like to help people: Purchasing a home is likely the largest purchase of your life. I get great enjoyment assisting clients like you seeing your dreams becoming a reality. Please let me assist you.
Introduction to other professionals: If you need assistance finding a lawyer, appraiser, realtor, accountant, insurance professional or financial planner, I can certainly help you here.

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

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/

Friday, August 21, 2009

Home Building Construction Mortgages Kelowna


Are you planning on building your own home and need a construction loan?

Lenders are not typically interested in raw land; they are interested in bricks and mortar. So, up front, you are going to need 25% of the completed value to get a construction mortgage. This often is the value of the lot. Once you have completed construction, you can then remortgage your completed home to 95% loan to value.

There aren’t many lenders that give construction mortgages. This is why you should use the services of Dave Lytton, your Kelowna mortgage broker. He knows who is lending for constructions mortgages and knows the ins and outs of each lender.

Whether you are building a home for your own use or for rental, our construction loan program is designed to make your building project easier.

To find out more about our owner builder construction loan mortgage or financing your log home construction project; please call or e-mail me. I will be happy to answer all of your construction finance questions

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/

Keowna Mortgage Broker - Dave Lytton