Archive of All Posts

11 Jun
2019

3 steps to take you from Pre-approval to getting the keys

Jun 11th, 2019 | Posted in: Blog Posts, News

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Picture this: You’ve finally been able to put away enough for a down-payment on your dream home. It’s taken you five years of diligent saving, but you did it! You have also been diligently working on improving your credit score and paying off debts and are at a place of financial stability. So, first of Read More

7 Jun
2019

Another Strong Employment Report Signals Rebound In Canadian Economy

Jun 7th, 2019 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

It appears that the Bank of Canada’s optimism that the Canadian economy’s growth will pick up in the third and fourth quarters of this year is well founded. Not only was the employment report very robust for two consecutive months, but the jobless rate has fallen to its lowest level since at least 1976. Also, Read More

7 Jun
2019

Home Buyer Tax Credit

Jun 7th, 2019 | Posted in: Blog Posts, News

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

When you purchase a home as a first time home buyer, you have a third benefit on top of the First Time Home Buyers’ Program and the Home Buyers Program- the Home Buyer Tax Credit. The Home Buyer Tax Credit allows you to claim $5,000 for the purchase of a qualifying home in the year Read More

6 Jun
2019

Which mortgage lender is best for you?

Jun 6th, 2019 | Posted in: Blog Posts, News

Posted by: Chris Cabel

Dominion Lending Centres - Accredited Mortgage Professional

The following is a summary of the choices available for clients when looking at the four different types of lending groups. So what exactly is a lender? By simple definition, a mortgage lender provides financing for a real estate purchase hence the word lend. Which lender is best for you will all depend on who Read More

5 Jun
2019

Home Buyers’ Plan

Jun 5th, 2019 | Posted in: Blog Posts, News

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

The Home Buyers’ Plan is a Canada wide program that allows individuals to withdraw a certain amount from their Registered Retirement Savings Plans (RRSPs) for the purposes of qualifying for a home or if you are planning to help a related person who may have a disability. Currently, the maximum amount an individual can withdraw Read More

4 Jun
2019

Credit Cards for the Credit Challenged

Jun 4th, 2019 | Posted in: Blog Posts, News

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

If you want to buy a home and don’t have a bucket load of cash – you are going to need a mortgage. In order to get a mortgage, you are going to need credit… When you get a mortgage, banks lend you “their” money and secure the loan against the property you are buying.  Read More

31 May
2019

Debt: To consolidate or not to consolidate? That is the question

May 31st, 2019 | Posted in: Blog Posts, News

Posted by: Andrea Twizell

HomeEquity Bank - National Partnership Director, Mortgage Brokers

If you are a Canadian living in debt, you are not alone. According to Statistics Canada, household debt grew faster than income last year, with Canadians owing $1.79 for every dollar of household disposable income to debt(1). • Canadian households use almost 15% of income for debt re-payment(1). • 7.3% of this re-payment goes towards Read More

30 May
2019

The predatory lending surge is here

May 30th, 2019 | Posted in: Blog Posts, News

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

As we’ve been reporting for months on our North East blog, instead of protecting many homeowners, the federal government’s restrictive mortgage rules are pushing people out of the safe mortgage market, and into the arms of secondary lenders. By pushing people to the alternative lending market, they’re being pushed away from the safe harbour of Read More

29 May
2019

Bank of Canada Maintains Overnight Rate at 1-3/4%

May 29th, 2019 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In a terse statement, the Bank of Canada maintained its benchmark overnight rate for the fifth consecutive meeting and stated that economy was performing in line with the projections in the Bank’s April Monetary Policy Report (MPR). Following a slowdown in economic activity late last year and in the first quarter of this year, the Read More

29 May
2019

Reverse Mortgages – Trending Now

May 29th, 2019 | Posted in: Blog Posts, News

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

With approximately 1,000 people retiring every day in Canada, it’s not surprising that there has been an increased demand for Reverse Mortgages. A Reverse Mortgage can assist people aged 55+ to realize their dreams in retirement. Whether they want to travel, help their kids or grand kids or even just supplement their monthly income, a Read More

  • Residential Mortgages

    The purchase of a home is the largest purchase most people make during their lifetime. At Dominion Lending Centres, we want to make each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date.
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  • Commercial Mortgages

    Dominion Lending Centres Commercial has established excellent relationships in the lending community with pension funds, banks, credit unions, life insurance companies, trust companies, private institutions and individual investors.
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