Author: David Cooke

15 Oct 2019

Building a Real Estate Portfolio

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

More and more Canadians do not have a defined benefits pension plan. Companies are moving away from this model due to the expense of maintaining enough in the fund to pay out until the employee and survivors die. Those who are self employed also do not have pensions beside the Canadian Pension Plan. What can Read More

12 Sep 2019

Helping families one at a time

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Every once in a while you get to help people out and make a real difference in their lives. Recently a couple was referred to me who wanted to renew their mortgage. The bank that they had been dealing with for over 20 years had offered them a 5 year fixed rate that was more Read More

3 Sep 2019

Rent-To-Own Explained

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

In some markets, it can take a long time to sell a property. An option available to some sellers is the Rent-to-Own sales method. If you have someone interested in purchasing your property but they can’t obtain a mortgage either because they don’t have a down payment saved or their credit score is too low, Read More

20 Aug 2019

Raise your credit score in 3 months

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

While people often think of mortgage brokers when they are first time home buyers, we can help people in a variety of different ways. Recently Garrett LaBarre of Calvert Home Mortgages in Calgary shared a success story with brokers. He had a client referred to him by a mortgage broker who had a conundrum. She Read More

1 Aug 2019

How to Save Money on a Variable Rate Mortgage

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

A few years ago, I remember seeing a statistic that said that if you took out a variable rate mortgage instead of a fixed rate, you would do better in 95 out of the last 100 years. Often the spread between a 5-year variable rate and a 5-year fixed rate was more than 1% and Read More

25 Jul 2019

4 Weird Things Lenders Ask For

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

A number of times I have had people who wonder why they need to provide so much documentation when it comes to arranging a mortgage. Besides an employment letter, you are usually asked to provide a pay stub and your most recent Notice of Assessment (NOA) to prove income. “Why do they need all 3, Read More

5 Jul 2019

Millionaires and real state

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Andrew Carnagie was one of the richest men in America over 100 years ago. Today his wealth would be worth $4.6 billion dollars. He was a shrewd businessman. While he made most of his money in oil and iron, he understood the value and importance of real estate in building wealth. Leveraging your money is Read More

3 Jul 2019

We can fix your credit problems

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Many people do not realize that Dominion Lending Centres mortgage professionals can help you with your credit and get you to a point where you will qualify for a mortgage. We have been doing this for years. New to Canada or Just Graduated – both of these groups of people have the same problem. They Read More

19 Jun 2019

4 Home Improvements that will pay you back

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Some home improvements provide more of a payback when you sell the house down the road. Here’s a list of the four home improvements which will provide the biggest payback when you sell.  Adding square footage – while this can be a very expensive project, adding to the size of a house can re-coup between Read More

14 Jun 2019

5 Reasons to consider buying a condominium apartment or town home

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

If you are thinking about purchasing a home in the near future, here are some reasons you may consider buying a condo apartment or town home. You should also be aware there are some cons as well. Pros They are relatively inexpensive. As your footprint is small and you share exterior walls with others, 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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