Author: Brent Shepheard

3 Oct 2016

Know How Your Mortgage Is Registered

Posted by: Brent Shepheard

Dominion Lending Centres - Accredited Mortgage Professional

Every mortgage secured by a property will be registered with the land title office.There are two ways your mortgage can be registered on title: Standard charge or collateral charge.  Not long ago, most lenders registered all mortgages as a standard charge.  In recent years, some lenders – mainly the major big banks – have moved Read More

26 Sep 2016

10 Questions For First Time Buyers

Posted by: Brent Shepheard

Dominion Lending Centres - Accredited Mortgage Professional

As a first time home buyer, the process of purchasing a home can seem very daunting.  From a financing standpoint, here are 10 common questions I hear from first time home buyers. 1. What’s your best rate? This is by far the most common question.  Rate is a small part of your mortgage contract but its Read More

19 Sep 2016

8 Things To Avoid Before Buying A Home

Posted by: Brent Shepheard

Dominion Lending Centres - Accredited Mortgage Professional

The following is a list of things you’ll want to avoid if you plan on purchasing a new home in the near future. 1. Don’t apply for new credit: It may seem natural to apply for a credit card at a home improvement store or a furniture store when you are about to become a Read More

18 Jul 2016

What Is Mortgage Default Insurance?

Posted by: Brent Shepheard

Dominion Lending Centres - Accredited Mortgage Professional

One cost that can be overlooked by home buyers is mortgage default insurance. So, what exactly is mortgage default insurance and why do you need it? If you’re buying an owner-occupied home with less than 20% down payment, you are required to purchase mortgage default insurance in order to arrange your financing.  When buying a Read More

3 Feb 2016

All Things Credit Report

Posted by: Brent Shepheard

Dominion Lending Centres - Accredited Mortgage Professional

Any time you apply for credit in the form of a credit card, personal loan, auto loan, or cell phone, the company lending you money will want to access your credit report first. Your credit report is a snapshot of how you have repaid your financial obligations in your past. Lenders will use this information Read More

21 Jan 2016

Accelerated Bi-Weekly vs. Bi-Weekly Payments

Posted by: Brent Shepheard

Dominion Lending Centres - Accredited Mortgage Professional

When signing your mortgage commitment letter you will have to choose your payment frequency. If your goal is to re-pay your mortgage as quickly as possible, then you need to understand how different payment options will affect your repayment schedule. So what are your options? In general, most lenders will offer the borrower the option Read More

8 Sep 2015

Verifying Your Down Payment – What You Need To Know

Posted by: Brent Shepheard

Dominion Lending Centres - Accredited Mortgage Professional

Saving for a down payment is often one of the biggest challenges facing young people looking to break into the real estate market.  The source of your down payment could come from your own savings, a gift from a family member, your RRSP if you’re a first time home buyer or from the proceeds of 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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