Author: Alim Charania

12 Apr 2016

The Benefits of a Mortgage Broker

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

The next time you’re looking for a mortgage for that new house or you’re up for renewal on your existing mortgage, think about using a mortgage broker – their services are free and they offer you an abundance of choices the banks simply can’t compete with. Mortgage brokers have access to a vast array of Read More

29 Mar 2016

Completion vs Draw Mortgages

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

If you are considering building a new home, then you need to be educated on the difference between draw and completion mortgages. When you meet with a builder, there is tons of terminology and information you should be aware of so you are properly covered. Completion mortgages mean that the builder does not expect any Read More

7 Mar 2016

Single Ladies Buying Homes

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

It’s becoming increasingly apparent that a greater number of women are now taking the reigns when it comes to home purchases. There’s a growing trend among single women – and, more precisely, professional single women – who are becoming independent homeowners. While many of them may be putting off marriage, they’re not waiting around for Read More

29 Feb 2016

Buying vs Renting

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. Purchasing a home is one of the biggest decisions most people ever make so the impacts of the decision can be HUGE. Ultimately, the decision is a personal choice, but it helps to Read More

16 Feb 2016

Mortgage Brokers vs Mortgage Specialists

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

We’ve all heard the terms Mortgage Broker and Mortgage Specialist flung around, but what on earth is the difference? Though they sound similar, there are major differences that all home buyers and owners should be aware of. Let’s start off with some simple definitions. A Mortgage Specialist is a person employed by a lending institution Read More

11 Sep 2015

4 Things That Will Kill Your Mortgage Approval

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

So, you’ve worked hard to save every penny and have managed to finally afford the down payment necessary on a home. You have searched high and low, only to find the house of your dreams at a price you can afford. Though your credit rating is good and you have a stable job, there are Read More

31 Aug 2015

Building a New Home? Completion vs. Draw Mortgages

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

If you are considering building a new home, then you need to be educated on the difference between draw and completion mortgages. When you meet with a builder, there is tons of terminology and information you should be aware of so you are properly covered. Completion mortgage means that the builder does not expect any funds until Read More

6 Aug 2015

Rent to Own

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

There seems to be a lot of confusion about what exactly a rent to own is, so let’s clarify! A rent to own is where a landlord and a tenant agree that at a certain time the tenant will purchase the home from the landlord. So is it a good idea? We have all heard Read More

20 Jul 2015

Determining Your Credit Score

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

10 Jul 2015

Navigating Mortgage Insurance

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

There are various types of insurance you may be required to purchase or greatly consider when establishing your first mortgage agreement. Here are the four main types you may encounter. 1. MORTGAGE DEFAULT INSURANCE Mortgage default insurance is usually for those who put down less than 20% of the purchase price on a new home.  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.
    Learn More