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About the Blog

A mortgage blog chock full of advice and tips to help you better understand key terms, and the latest mortgage news.

Increase in First Time Home Buyer's Exemption

By Bill Macklem | February 20, 2014

Good news for first time home buyers! In case you missed it, Tuesday’s budget included an increase to the property tax exemption for first time home buyers. This is great news as first time home buyers will be able to save $7,500 on a purchase of $475,000. The exemption limit was increased from $425,000 to…

Mortgage Talk with Bill Macklem on AM650 Radio Real Estate Show on July 6, 2013

By Bill Macklem | July 15, 2013

Every Saturday morning at 10 AM, Bill Macklem joins host Tom Lucas and Realtor Sheri Brown to provide live mortgage tips on AM650’s Radio Real Estate Show in Metro Vancouver and answer a question, as part of the Mortgage Question of the Week series. On the morning July 6, 2013, we checked in to film…

Examining Lease vs. Loan Options

By Bill Macklem | April 6, 2013

The age-old question of lease versus loan is very common, and one that can’t be answered with a simple one-word response. Everyone who has ever considered leasing has had this question cross their mind. So what is the answer? It really depends on your specific situation. Leases and loans are simply two different methods of…

How Much Does A Mortgage Rate Matter?

By Bill Macklem | April 6, 2013

Often times, borrowers are fixated on their mortgage rate because it’s the one aspect of their home financing they know to ask about. But, it’s important to look beyond mere rates into the bigger picture surrounding what’s significant when it comes to your specific mortgage needs. If we dollarize the difference between 2.99% and 3.04%,…

Bill Macklem Speaks at the 19th Annual GVHBA First Time Home Buyer Seminar

By Bill Macklem | March 30, 2013

At the 19th annual First Time Home Buyer Seminar presented by the Greater Vancouver Home Builders’ Association this month, Bill Macklem of Dominion Macklem Mortgages had the opportunity to speak in front of an audience at the Bell Performing Arts Centre in Surrey, British Columbia. Dominion Macklem Mortgages participated in this year’s event as an…

Dominion Macklem Mortgages Sponsors GVHBA's 19th Annual Homebuyers Seminar with Bill Macklem as a Speaker

By Bill Macklem | March 16, 2013

As it was announced last month in The Vancouver Sun newspaper, the Greater Vancouver Home Builders’ Association will be holding its 19th annual Homebuyers Seminar on Tuesday, March 19, 2013 in Surrey at the Bell Performing Arts Centre with Dominion Macklem Mortgages participating as the patron sponsor. Admission to the event is free and will…

Welcome to the New BilliMac.com

By Bill Macklem | February 8, 2013

Welcome and thank you for visiting our new online home! We at Dominion Macklem Mortgages are extremely proud to present you with a one-of-a-kind experience online for all your mortgage and financial needs, with some extra fun on top. As our website has evolved over the years to this third and current version, we have…

Happy Thanksgiving Canada from Dominion Macklem Mortgages

By Bill Macklem | October 7, 2012

From everyone here at Dominion Macklem Mortgages, we would like to wish Canadians from coast-to-coast a Happy Thanksgiving! Take the time on this special day to cherish what you have and appreciate the people next to you, for nothing or no one should be taken for granted. And if you’re looking for more to serve…

Dominion Macklem Mortgages Weekly Rates Effective September 6, 2012

By Bill Macklem | September 6, 2012

Your recipe for smooth and stress free financing comes from mortgage professionals Bill Macklem, Jackie Mellis, and Liz Babyak at Dominion Macklem Mortgages with the best weekly mortgage rates offered at BilliMac.com! Our best rates for this week, effective as of Thursday, September 6, 2012, include: VARIABLE RATE 2.65% $3.87/$1000 1 YEAR CLOSED 2.49% $3.94/$1000…

Dominion Macklem Mortgages Weekly Rates Effective August 29, 2012

By Bill Macklem | August 29, 2012

Your recipe for smooth and stress free financing comes from mortgage professionals Bill Macklem, Jackie Mellis, and Liz Babyak at Dominion Macklem Mortgages with the best weekly mortgage rates offered at BilliMac.com! Our best rates for this week, effective as of Wednesday, August 29, 2012, include: VARIABLE RATE 2.65% $3.87/$1000 1 YEAR CLOSED 2.65% $3.87/$1000…

Dominion Macklem Mortgages Weekly Rates Effective August 22, 2012

By Bill Macklem | August 22, 2012

Your recipe for smooth and stress free financing comes from mortgage professionals Bill Macklem, Jackie Mellis, and Liz Babyak at Dominion Macklem Mortgages with the best weekly mortgage rates offered at BilliMac.com! Our best rates for this week, effective as of Wednesday, August 22, 2012, include: VARIABLE RATE 2.65% $3.87/$1000 1 YEAR CLOSED 2.94% $4.17/$1000…

Client Testimonial from Michelle for Dominion Macklem Mortgages

By Bill Macklem | August 17, 2012

The following is a client testimonial from Michelle, who called in while Bill Macklem was on-air with the Radio Real Estate Show on Metro Vancouver’s AM650 station with host Tom Lucas and Sheri Brown.

Dominion Macklem Mortgages Weekly Rates Effective August 16, 2012

By Bill Macklem | August 16, 2012

Your recipe for smooth and stress free financing comes from mortgage professionals Bill Macklem, Jackie Mellis, and Liz Babyak at Dominion Macklem Mortgages with the best weekly mortgage rates offered at BilliMac.com! Our best rates for this week, effective as of Thursday, August 16, 2012, include: VARIABLE RATE 2.65% $3.87/$1000 1 YEAR CLOSED 2.74% $4.07/$1000…

Is There Always A Penalty When One Mortgage Is Switched From One Lender To Another?

By Bill Macklem | August 13, 2012

That’s one of those things that we definitely don’t like – payout penalties from banks. What happens is that when you crash or break a contract, the bank sees that as a way to capture the money that you were going to pay for the remaining of that term anyway. It’s as if you had…

Are Mortgage Brokers Available Outside Of Regular Banking Hours?

By Bill Macklem | August 13, 2012

Bill: Most brokers are available pretty much 24/7. I meet my clients either at my business office, or if they’re tired, then I’ll drive down to their office. Sometimes they have young children, or they have a sickness in the family, or there might be more than one couple involved; maybe mom or dad or…