About the Blog

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

Refinancing with the New Mortgage Rules After July 9, 2012

By Bill Macklem | June 29, 2012

On the AM650 Radio Real Estate Show, Bill Macklem of Dominion Macklem Mortgages at BilliMac.com explains the terms of refinancing with the new mortgage rules after July 9, 2012.

Can I Get Pre-Approved Now Before the New Mortgage Rules?

By Bill Macklem | June 29, 2012

From the AM650 Radio Real Estate Show, Bill Macklem of Dominion Macklem Mortgages at BilliMac.com discusses whether you can get pre-approved before the New Mortgage Rules come into effect on July 9, 2012.

New Mortgage Rules – Limiting Government Mortgages to Homes Less Than $1 Million

By Bill Macklem | June 29, 2012

From the AM650 Radio Real Estate Show, Bill Macklem of Dominion Macklem Mortgages discusses the top of New Mortgage Rules as it pertains to the limiting of government-backed mortgages to homes with a purchase price less than $1 million, coming into effect on July 9, 2012.

New Mortgage Rules – Changes to Home Equity – July 9, 2012

By Bill Macklem | June 29, 2012

From the AM650 Radio Real Estate Show, Bill Macklem of Dominion Macklem Mortgages at BilliMac.com explains the changes to Home Equity as it pertains to the New Mortgage Rules coming July 9, 2012.

Bill Macklem Explains New Mortgage Rules for July 9, 2012

By Bill Macklem | June 29, 2012

Bill Macklem, President of Dominion Macklem Mortgages, explains live on the AM650 Radio Real Estate Show about the New Mortgage Rules that come in effect on July 9, 2012.

Bill Macklem's Mortgage Rate Update – AM650 Radio Real Estate Show

By Bill Macklem | June 29, 2012

Bill Macklem provides his Mortgage Rate Update on the AM650 Radio Real Estate Show with Tom Lucas and Sheri Brown on June 23, 2012.

Vancouver is a Buyer's Market 2012

By Bill Macklem | June 29, 2012

Realtor Sheri Brown explains on the AM650 Radio Real Estate Show that Vancouver Real Estate is currently a “Buyer’s Market.”

BilliMac.com Sports Show?

By Bill Macklem | June 29, 2012

Is there a new BilliMac.com Sport Show coming? AM650 Radio Real Estate Show host Tom Lucas thinks there should be, as Bill Macklem explains whether the Vancouver Canucks should keep or trade Roberto Luongo!

Dominion Macklem Mortgages Weekly Rates Effective June 27, 2012

By Bill Macklem | June 27, 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, June 27, 2012, include: VARIABLE RATE 2.90% $4.15/$1000 1 YEAR CLOSED 2.74% $4.07/$1000…

Canadian Federal Government Announces New Rules for Insured Mortgages Effective July 9, 2012

By Bill Macklem | June 21, 2012

Today the Federal Government announced new rules for insured mortgages. The new rules effective July 9th are: The maximum amortization is reduced to 25 years from 30 years. Properties purchased for over $1 million are no longer eligible for mortgage insurance. The maximum equity homeowners can take out of their existing home when refinancing is…

New Online Calculators by Dominion Macklem Mortgages on BilliMac.com

By Bill Macklem | June 20, 2012

Today on BilliMac.com, Dominion Macklem Mortgages is happy to announce a complete set of new interactive online mortgage calculators that are ready to use on the website. You can find the new Calculators section in our navigation bar located at the top of this website, or by clicking here. We provide 28 online calculators among…

My Mortgage Is Coming Up For Renewal In September, Is There Anything I Can Do Now?

By Bill Macklem | June 20, 2012

That’s a really great question. Banks normally like to leave it to last minute to send out their renewals. It’s a proven fact that 85% of people, who renew their mortgages, are renewing them at the bank rate, which is a little bit higher. So what we normally advice to people is that a pre-approval…

What Is A Cash Back Mortgage And How Does It Work?

By Bill Macklem | June 20, 2012

That’s really a great question. Of course we’re not giving you money if you do mortgages, but what happens is there is a program with the banks that allow people to do what is called 100% financing. There have been some more rules since March 2011 and some banks are no longer offering this process,…

Dominion Macklem Mortgages Weekly Rates Effective June 20, 2012

By Bill Macklem | June 20, 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, June 20, 2012, include: VARIABLE RATE 2.90% $4.15/$1000 1 YEAR CLOSED 2.74% $4.07/$1000…

Dominion Macklem Mortgages Weekly Rates Effective June 13, 2012

By Bill Macklem | June 13, 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, June 13, 2012, include: VARIABLE RATE 2.90% $4.15/$1000 1 YEAR CLOSED 2.74% $4.07/$1000…