Author: David Cooke

15 Feb 2019

3 Reasons why your Realtor would like you to have a garage

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Your realtor will be happy to list your property and sell it for you. However, if you have a garage, they will be much happier. Why? Here’s the reasons why realtors prefer to sell homes with garages: 1 – Homes with a garage, attached or detached sell faster and for more money, usually $20-30,000 more. Read More

13 Feb 2019

7 Reasons Why You Need a Garage

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Besides the obvious advantage of not having to go lug your groceries into the house in the rain, sleet or snow, there are a number of less obvious but important reasons to consider buying a home with a garage or building it sooner rather than later. 2- I just had $3,200 worth of hail damage Read More

24 Jan 2019

A New Year and a New Opportunity for You

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

If you have been reading the news lately, you will know that the new stricter mortgage rules have resulted in more people than ever postponing purchasing homes. Sales have dropped across the country. As a result of these events, the rental market is booming with rents going up everywhere. The average rent in Toronto now Read More

18 Jan 2019

5 Reasons why Realtors want you to have a Pre-approval

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

You’ve decided that you want to buy a home and you call up a realtor to show you a listing and the first question they ask is “ How much are you pre-approved for?” Many realtors will refuse to book home viewings until they can confirm that you are pre-approved. Why? 1- It shows that Read More

11 Jan 2019

3 Things for every Homeowner to do in January

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

As we enter the New Year, there are a few things that we should all think about as homeowners. 1 – Replace your furnace air filter – if you read over the instructions for your furnace you will know that you are supposed to either clean or replace your furnace filter. We are three months into Read More

23 Nov 2018

4 Reasons why Mortgage Brokers are Better than Banks

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

I am often asked if it’s hard to compete with the banks. While they may offer competitive rates at times, right now we have much better rates than the banks. However, we have certain advantages which allow us to blow them out of the water most of the time. More Choice – banks are limited Read More

17 Oct 2018

Legalized Marijuana and the Canadian Housing Market

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

October 17th will be an important day in Canada’s social history. It’s the day when we are going to have legalized marijuana across the country. We will be the second major country in the world to do this. How does this affect mortgage brokers like myself? When someone comes to me to obtain financing for Read More

2 Oct 2018

The Pros and Cons of Co-Signing for a Mortgage

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

If you keep up on the news you know that qualifying for a mortgage is getting tougher and tougher. Someone who would have sailed through the application process 10 years ago could find themselves declined for a mortgage today. Often I find applicants can afford the monthly payments but they can’t prove that their income Read More

20 Sep 2018

A CHIP Success Story

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

A few years ago, I met with my Home Equity Bank representative. He was trying to encourage me to go visit my financial adviser referral partners to offer the Chip Reverse Mortgage product. I explained that I did not know anyone who had a reverse mortgage so it was hard to promote to financial advisers Read More

31 Aug 2018

Your mortgage broker is here to help

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

For many people in Canada, they are first-time home buyers. Or if they are new to Canada, it’s their first home purchase in a new country. They may not be aware of the rules and guidelines. It’s the job of your mortgage broker to make you aware of what is expected from you to avoid 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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