Archive of All Posts

27 Jul
2015

24 Jul
2015

HELOC? Is it me you’re looking for…to better your home financing options?

Jul 24th, 2015 | Posted in: Blog Posts, News

Posted by: Shaun Serafini

Dominion Lending Centres - Accredited Mortgage Professional

Do you have a large amount of equity built up in your home? Are you looking to further enhance your financial position? A HELOC may be just the type of financing that you are looking for. HELOC is an abbreviation for Home Equity Line of Credit. Basically, a HELOC is a credit account that is Read More

23 Jul
2015

Pros and Cons of Collateral Mortgages

Jul 23rd, 2015 | Posted in: Blog Posts, News

Posted by: Brian Mill

Dominion Lending Centres - Accredited Mortgage Professional

During the past couple of years the term “collateral mortgage” has gained a bit of a negative reputation, especially since TV shows like CBC’s Marketplace have taken notice. Marketplace felt it was worth doing a segment about collateral mortgages because the lenders offering this product were not disclosing the downside of this type of mortgage. Read More

22 Jul
2015

Are You Covered For a Sharknado?

Jul 22nd, 2015 | Posted in: Blog Posts, News

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

As we prepare for the torrential rains, epic winds, and yet another round of ravenous, thrashing sharks falling from the sky (as in tonight’s debut of Sharknado 3: Oh Hell No!), there is one question to ask yourself: Am I insured for this? No doubt your home insurance will cover replacing a roof damaged by Read More

21 Jul
2015

Buying Your First Home in Canada

Jul 21st, 2015 | Posted in: Blog Posts, News

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

What Newcomers Need to Know! The reason I write blogs and share information is to educate my clients and prospective clients about mortgages. Obviously there is a lot to know about mortgages, financing, and buying property, and there are a lot of great ways for me and the other Mortgage Professionals from Dominion Lending Centres to Read More

20 Jul
2015

Determining Your Credit Score

Jul 20th, 2015 | Posted in: Blog Posts, News

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

People are always confused when it comes to their credit score. What is it? What does it include? How is it calculated? These are all great questions that I will answer for you! Having a great credit score can save you thousands of dollars, if you know how to manage it. There are two main agencies Read More

17 Jul
2015

Five Things To Know About the Bank of Canada Ratecut

Jul 17th, 2015 | Posted in: Blog Posts, News

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

1.  This is now the lowest prime rate we have seen since 2009.   There have been two prime rate reductions already this year. 2.  The banks don’t always respond and reduce their Bank Prime Rate.  They pocket the difference as a profit when they are borrowing money, so it’s common after a rate reduction for them to Read More

16 Jul
2015

Vancouver Real Estate – How I learned to stop worrying and Love the Bubble. Part 3

Jul 16th, 2015 | Posted in: Blog Posts, News

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Critics of real estate ownership often cite the average detached Vancouver house price against household income, e.g., ‘Today the (Vancouver) median income is $71,660 and the average (Vancouver detached) house costs $997,800 — 14 times annual income’. There is an assumption being made that these metrics are co-dependent. This is a misleading correlation. It paints a picture Read More

15 Jul
2015

Bank of Canada Cuts Rates 25 bps…Canadian Dollar Plunges

Jul 15th, 2015 | Posted in: Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Bank of Canada cut its overnight rate target by 25 basis points to an historically low 0.5 percent today. The loonie immediately plunged to 77.5 cents U.S., down a full cent. The disparity between monetary policy in Canada and the U.S. is especially evident today as Janet Yellen, Chair of the Fed, is testifying Read More

14 Jul
2015

Renovation Financing

Jul 14th, 2015 | Posted in: Blog Posts, News

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

So you have found a great house.  The neighborhood is wonderful.  Mature trees, lower property taxes, schools within walking distance and easy access to a variety of amenities.  But the house is, how do I put it, retro at best.  You wonder how you will tolerate the bright pink carpets and the vast array of energy 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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