Cam Wilson of Dominion Lending

Cam Wilson from Dominion Lending and I had done business together and talked on the phone, but this was the first time we met in real life. That's 2023 for you.

What we covered

• Why US markets matter. Canadian fixed mortgage rates are very reactive to what happens in the United States, including bond yields.
• Debt ratios. How lenders calculate what you can afford using your income, housing costs like heating and taxes, and other debts like credit cards and car loans.
• Getting into the market. Cam was 35 before he built his own home and lived in his parents' basement before that. It's hard, but it's possible.
• Protecting yourself. A cautionary story about a borrower whose "advisor" turned out to also be the lender. Always know who you're dealing with.

Thanks for the kind words about the reviews too, Cam. Speak to a licensed mortgage professional about your own situation.

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