NormanLane Real Estate | 709-221-SOLD | 323 Freshwater Road St. John's NL A1B 1C3

Category Archives: borrowing

Buying a home in 2017? It just got more expensive.

It was announced this morning Jan 17th, that the countries national mortgage insurer will be once again raising insuring premiums on March 17th, 2017. (We expect Canada's 2 other mortgage insurers follow suit shortly). While the CMHC passes it of as only about $5 per month, in the case of an average home purchase on…
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Interest rates are on the rise… (thanks Donald Trump)

Over the past few days, I've received many inquiries in my inbox with questions from clients asking what they should do about the real threat of interest rates rising that they are hearing in the media. This question has many different answers, and all can be relevant (or not) to your specific situation. Some people…
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What’s next for home buyers in Newfoundland?

So, after attending a mortgage conference in southern California late last week I was just about to go into "airplane mode" on my mobile and zone out for a few hours on the way home, when I see that Global, The Star, The Globe & Mail and the National Post all had BREAKING NEWS from the Federal…
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BREAKING NEWS: Drastic Mortgage Rule changes affect us all!

On Monday October 4th, Canada's Federal Finance Minister Bill Morneau blind sided the Real Estate and Mortgage Industry with new legislation that is going to have a fairly sizable impact on the National Real Estate Market. As of Oct 17th, 2016 all bets are off...   The big announcement will undeniably affect the most vulnerable,…
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Borrow up to $30,000 with one simple click!



Finally, after many years of requesting it from our long term partners Verico and Grouplend, the NormanLane team now has access to an unsecured lending product with loans up to $30,000 approved instantly with funds landing in your bank account within 24 hours of your submitted application!

Whether you’re consolidating high interest credit card debt, doing a home renovation, or making a major purchase, getting a Verico/Grouplend loan via  is surprisingly simple.


How does it work?


1. You fill out a quick 1-minute application @ (which won’t affect your credit score to get your personalized quote.)

2. Once you choose to move forward with your loan, send us a few documents to verify your identity and income.

3. The money is deposited into your bank account the next business day!


  • We hate hidden fees so we made sure there are none!  Nor will there be any origination fees OR any early repayment penalties.
  • We also don't believe in teaser rates! Your rate and payment will never change over the term of your loan.
  • The application only takes 1 minute and can be done from your phone, tablet or computer.
  • With rates as low as 6.3%APR, our borrowers can save 30-70% compared to carrying balances on their credit cards.

This is BIG news for our team in being able to help our clients in their financial and home ownership goals!

Visit our page at for complete details or email for a step by step walk through!