Author: Angela Calla

24 Oct 2019

What the election results mean for your mortgage

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

With all the news we have seen on the election, I thought I would sum it up from a mortgage industry perspective. What the liberal win means for your mortgage: 1. We will see the continuation of the First Time Home Buyers’ Incentive. Check out the link for more information here: 2. Property Transfer Tax Read More

21 Jun 2019

How to get a 5% down payment for a $500,000 purchase

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

We have seen a return of the buyers’ market and many people are asking, how long will this last? While some renters without a down payment might be asking, how can o put a plan in place to own? With the cost of living so high, and student debts coming out of school, many consumers Read More

7 Mar 2019

Buyers are winning now, but for how long?

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

Homebuyers are starting to see relief and the pendulum swing their way for the first time in years. It’s no surprise, as we’ve have had a collision of circumstances that have both slowed the local real estate market and dropped prices down as much as 30 per cent. We have the stress test forcing borrowers Read More

14 Jan 2019

A shifting market… again

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

The recent data sure has changed the tone of rates in the coming months. The prime rate – what variable rates are based on, while a few short weeks ago was expected to rise three times in the next 18 months now with the data on the slowing of the market and uncertainty in projects Read More

7 Nov 2018

Why can’t you port your mortgage?

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

Policies are always changing, and when you port a mortgage, a FULL application must be approved and completely underwritten with full, credit, income, property and policy review. It’s a mistake to believe that just because you already had a mortgage, you will easily get a new one. Policies and rates are changing rapidly and you Read More

25 Oct 2018

Rates On The Rise Both Variable & Fixed

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

With the Bank of Canada in a mood to raise rates, it’s a similar feeling for the bond market, which impacts fixed rates. In every interest-rate market there are many factors leading to an increase and we are hoping to provide a little bit of clarity on what is happening and what it means to Read More

29 May 2018

How to Navigate The Mortgage Rate Wars

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

You may have heard that rates are changing, and that is true. They don’t call it war for nothing and you need an expert by your side! Think of mortgage brokers as your loyal soldiers. What we are seeing is exactly what we anticipated when prime rate goes up and discounts go down. Confused? Don’t Read More

1 May 2018

Fixed rates are on the rise. Are you ready?

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

With the Bank of Canada holding rates steady this April, the same is not the case for the bond market, which impacts fixed rates. In every interest-rate market there are many factors leading to and increase and we are hoping to provide a little bit of clarity on what is happening and what it means Read More

23 Apr 2018

Are mortgage terms more important than rate?

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

Why are the terms more important than rate when it comes to a mortgage? Simple. Seven out of 10 Canadians break their mortgages prior to the renewal date. Taking the wrong mortgage when you could have qualified for a better one- is a costly mistake. The biggest mistake anyone can make is they don’t think Read More

13 Apr 2018

The Flexible Down Payment Program

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

One of the toughest challenges for homebuyers is being able to save money at the rate of property price increases. We know many high-income renters would like to be homeowners, but they’re just unaware of how to make the transition and are unable to save fast enough. There are several options which are great for 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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