Author: David Cooke

16 Apr 2019

What’s included in a home purchase agreement

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

While a home purchase agreement may seem simple and straight forward, there are many differences that you can encounter that can be a big surprise to first-time homebuyers. While you expect the date of possession and the full purchase price to be outlined in the agreement, there are items that you may not be aware Read More

2 Apr 2019

We’re not just a mortgage company

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Well, it finally happened. I was meeting with a financial advisor today and they looked at my business card and asked “Why does it say Dominion Lending Centres and not Dominion Mortgage Company?” I have been waiting 7 years to hear this question. I had an answer all ready for today. I said “that’s because Read More

27 Mar 2019

A bank that may not be familiar to you

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Quiz time! Who is the largest non-bank mortgage originator in Canada with over $100 billion dollars in mortgages under administration? Answer – First National Financial Corporation. If you’ve never heard of them before, don’t feel bad. The only way to get a First National mortgage is through the broker channel. They do not have any Read More

20 Mar 2019

When Death Strikes Suddenly

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Recently I was finishing up a mortgage with a young couple who had just had a beautiful baby girl. I brought up the topic of mortgage and life insurance as well as getting a will written up. The response from the husband was that it was such a morbid topic and a real downer when Read More

19 Mar 2019

March is Fraud Prevention Month

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

You may have seen advertisements warning you to be aware of phishing schemes and other scams. In the past week, I have received fraudulent emails claiming to be Shaw Cable, RBC and even the FBI. These are easy to spot because of mistakes in the letterhead, spelling mistakes and formal language that would fit in Read More

5 Mar 2019

Brokers make a Difference

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

While many people will go to their bank to obtain a mortgage or line of credit, they often feel betrayed by their favourite bank if their application is rejected. One big advantage that we have over banks is that we can send underwriter notes along with the application. Our questions and speaking at length with Read More

27 Feb 2019

JIDD Happens

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

You may have heard people say “s@@t happens. In the mortgage broker world, JIDD happens. These are unexpected events that can turn a happy homeowners’ life upside down. JIDD consists of: Job Loss – often unexpected and with no time to save for emergencies, things get ugly pretty quick. E.I. payments can run out leaving Read More

20 Feb 2019

Tax Rebates for Homeowners

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

It’s getting to be that time of year when we are collecting our tax receipts to file taxes and hopefully get a nice cheque back from CRA. 1st time homebuyer’s Tax Credit If you purchases a home in 2018 don’t forget to apply for the $5,000 tax credit. This could result in up to $750 Read More

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

  • 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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