Author: David Cooke

12 Dec 2017

What is a cash back mortgage?

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Every once in a while, a bank will advertise a cash back mortgage. It sounds great but there are a few things to consider. When you purchase a home, you may find that you need some extra cash. You may want to renovate, purchase some furniture, or start on building a fence or landscaping.. Fortunately, Read More

15 Aug 2017

Secrets for building your credit

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Over the years, I have come across all sorts of people who have had no idea what their credit score is. Some of them have declared to me that they have great credit only to find that they had poor credit scores or a number of late payments. I have also had people tell me Read More

3 Aug 2017

Five things to think about when you buy a rural property

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

After several years as a home owner, my friend was set to buy the home of his dreams. He always wanted to own an acreage outside of town. He had visions of having a few animals, a small tractor and lots of space. As a person with experience buying homes he felt that he was Read More

24 Jul 2017

5 reasons the bank may turn you down for a mortgage

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Mortgage rules have become stricter over the past few years. Assuming you have a down payment, good credit and a good job, what could prevent you from obtaining financing for a home purchase? Below are five less obvious reasons a bank may turn you down: It’s not you, it’s the building Hate to be the Read More

12 Jul 2017

Mortgage brokers are super heroes

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Mortgage brokers have a reputation as superheroes. Although we cannot leap tall buildings in a single bound we can do extraordinary things. Is the down payment money coming from outside of Canada? I had a client who had a joint account with her father in Japan. She showed me bank statements with the money in Read More

12 Jun 2017

Industry initials explained

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Many of us will remember the television show, Mork and Mindy. Imagine that you have just moved to Canada and you overhear a conversation, “ I was watching NBC and they said that the FBI arrested a criminal at IGA.” You probably wouldn’t understand what they said because we all use acronyms. We often replace Read More

29 May 2017

Thinking outside of the box – blanket mortgages

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

When someone calls me up out of the blue for a mortgage , I often ask them, “Why did you call me?” Often the reply is that a family member suggested it. I then ask, “Do you know what I do?” Once again , I will get a reply that they aren’t sure. I will Read More

12 Apr 2017

Why You Should Speak To Your Mortgage Broker Before You Sell Your Home

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

While many people will speak to a mortgage broker before buying a home, few people call a mortgage broker before selling a home. Calling could save you thousands of dollars and many sleepless nights. Why? Brokers understand mortgages and ask the right questions. How long do you have remaining in your present mortgage? Do you Read More

16 Aug 2016

Why I Recommend Title Insurance

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

As a Dominion Lending Centres mortgage broker, I often see in the lender’s conditions sheet a request for the lawyer to obtain title insurance. We all know that this is a measure to protect the lender and to allow for the deal to proceed if there is a delay with the title or the other Read More

16 May 2016

Why a Big Down Payment is Better

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

First time home buyers look to their families, the media and the Internet for all their information on how to buy a home. As a result, they know that they need 5% of the total home purchase price to buy the home of their dreams. While this is true, there are a few things that 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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