Author: David Cooke

10 Aug 2018

A tailor-made solution for some borrowers

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Recently, two of my lenders came out with new products – Interest only mortgages. We have had these available from private lenders for many years but at much higher interest rates. They are useful for real estate investors and people who have consolidated debts and need six months to a year to get back on Read More

23 Jul 2018

5 Reasons why every realtor needs a mortgage broker at their open houses

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Realtor Safety – While we do not have the safety issues that realtors experience south of the border, there have been incidents involving female realtors being assaulted or feeling uncomfortable being alone with strangers walking around the house. Property Safety – Did you know that when a realtor is holding an open house they are Read More

21 Jun 2018

5 Tips on how to get out of debt and into your own home

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

To get out of debt, you need a plan and you need to execute that plan. That’s why I’ve created this simple, five-step, get-out-of-debt checklist that can help you leave that financial burden behind you. As you work on your plan, you’ll need to make all necessary adjustments to your budget along the way so Read More

31 May 2018

When double dipping is okay

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Perhaps you remember the Seinfeld episode where George Costanza catches someone double dipping in the salsa. While this is considered unsanitary and bad manners, some forms of double dipping are okay. Sometimes two levels of government want you to do something, so they offer you an incentive. The idea is that people’s behavior over time Read More

23 May 2018

A few reasons why you should consider a Variable Rate Mortgage

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Five-year fixed mortgage rates continued their upward march last week as the five-year Government of Canada (GoC) bond yield they are priced on hit its highest level in seven years. Meanwhile, five-year variable-rate discounts deepened, further widening the gap between five-year fixed and variable rates. When I started working in the mortgage industry in 2005, Read More

16 May 2018

5 ways you can kill your mortgage approval

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

So, you found your dream home, negotiated a fair price which was accepted. You supplied all the needed documentation to your mortgage broker and you are waiting for the day that you go to the lawyer’s to sign the final paperwork and pick up the keys. All of a sudden your broker or the lawyer Read More

14 May 2018

It’s not all about the rate: Amortization & Renewals

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Have you spoken to a mortgage broker lately? When it’s time to renew your mortgage you have the freedom to do a number of things that are not possible at any other time without a financial penalty. Renewal time is an opportunity. Have you looked at your mortgage amortization lately? Let’s say that you started Read More

10 May 2018

5 Things to know before buying 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

6 Apr 2018

Unique Homes Have Special Problems

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Recently one of the former members of the boy band New Kids on the Block expressed an interest in buying this lighthouse off the coast of Virginia in the U.S. Unique homes can be a lot of fun to own and to live in. However, there are some things you should be aware of before Read More

4 Apr 2018

4 Smart Features that will boost the value of your property

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

People have a lot of different ideas on how they want their home to look. Some want a modern look while others like traditional cottages. But one thing that more and more people want is smart technology in their homes. This adds value and desirability to your home making it easier to sell for the 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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