Stacey Shepherd

By downloading my mortgage toolbox app here are just a few of the things you can find out:
➡️ Calculate your total cost of owning a home
➡️ Estimate the minimum down payment you need
➡️ Calculate the maximum loan you can borrow
➡️ Stress test your mortgage
➡️ Estimate your Closing costs

https://www.dlcapp.ca/app/stacey-shepherd?lang=en

STACEY SHEPHERD
Dominion Lending Centres Mortgage Mentors
📱 587-783-2511
📧 [email protected]
🔗 https://staceyshepherd.ca

What happens to your home if life takes an unexpected turn?

Life and disability insurance aren’t just about protecting income — they’re about protecting your home and the people you love.

I’ve seen families face the heartbreak of losing their home after illness or loss, simply because the right coverage wasn’t in place.

Having a plan means peace of mind, knowing that no matter what life brings, your family and your home are protected.

Let’s make sure your mortgage protection plan covers more than just your payments — it covers your future.

STACEY SHEPHERD
Dominion Lending Centres Mortgage Mentors
📱 587-783-2511
📧 [email protected]
🔗 https://staceyshepherd.ca

Happy Long Weekend!!!

If buying a home, refinancing, or reviewing your mortgage is on your list for later this summer, I'd be happy to help when you're back. Until then, unplug, recharge, and enjoy every moment!

STACEY SHEPHERD
Dominion Lending Centres Mortgage Mentors
📱 587-783-2511
📧 [email protected]
🔗 https://staceyshepherd.ca

When do I need the down payment in my account?
We get asked this question all the time! When you have an offer in we need to show the lender proof of funds in your acount prior to closing. Your deposit is part of your down payment, not in addition to it.

Deposit → Due right after your offer is accepted

Full down payment → Due right before closing

Where → Sent to your lawyer, not your lender

STACEY SHEPHERD
Dominion Lending Centres Mortgage Mentors
📱 587-783-2511
📧 [email protected]
🔗 https://staceyshepherd.ca

Happy Monday!
Great way to start the week!

Thank you so much for the kind review! I truly appreciate you taking the time to share your experience. Helping great clients like you is why we love what we do!🙏

STACEY SHEPHERD
Dominion Lending Centres Mortgage Mentors
📱 587-783-2511
📧 [email protected]
🔗 https://staceyshepherd.ca

What are gifted funds? Parents or family members want to help you buy a
home? A gifted down payment is totally acceptable in Canada—as long
as:
🔹The funds are a true gift, not a loan
🔹A signed gift letter is provided
🔹The funds are in your account early enough

Ask me how it’s done:
STACEY SHEPHERD
Dominion Lending Centres Mortgage Mentors
📱 587-783-2511
📧 [email protected]
🔗 https://staceyshepherd.ca

Saving for your down payment?
There are several common and acceptable sources for a mortgage down payment.

Here's a breakdown:

🔹Personal Savings:
Savings or chequing accounts
Tax-Free Savings Accounts (TFSA)
Guaranteed Investment Certificates (GICs)
RRSPs (Home Buyers’ Plan

🔹Gifted Funds:
From an immediate family member (parent, sibling, grandparent, etc.)
A signed gift letter is required confirming the money is a gift and not a loan.

🔹Sale of an Existing Property:
Proceeds from selling a home can be used as a down payment.

Every situation is unique — I can help you figure out what’s eligible and what’s best for you!

STACEY SHEPHERD
Dominion Lending Centres Mortgage Mentors
📱 587-783-2511
📧 [email protected]
🔗 https://staceyshepherd.ca

Closing Costs Explained. Know what to Expect.

Closing costs are the expenses you pay your lawyer when finalizing the purchase of a home, on top of your down payment. They cover legal work, taxes, and services needed to transfer ownership and complete your mortgage. The purchase price of your home will determine the cost, we like to tell our clients to budget for 1.5% to 4% of the purchase price.

STACEY SHEPHERD
Dominion Lending Centres Mortgage Mentors
📱 587-783-2511
📧 [email protected]
🔗 https://staceyshepherd.ca

Once again no changes. The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

READ MORE: https://www.bankofcanada.ca/2026/07/fad-press-release-2026-07-15/

STACEY SHEPHERD
Dominion Lending Centres Mortgage Mentors
📱 587-783-2511
📧 [email protected]
🔗 https://staceyshepherd.ca