Author: David Cooke

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

21 Mar 2018

March is fraud awareness month

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

You may have heard that March is Fraud Awareness Month. Authorities are trying to raise awareness of identity theft , phishing schemes and other forms of fraud. What you may not know is that as many as 1 in 5 Canadians are committing mortgage fraud whether they know it or not. Fraud for Shelter Is Read More

27 Feb 2018

How the mortgage industry became green

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

When I started working as a broker in 2005, the mortgage industry and the financial industry in general weren’t very eco-friendly. Let’s face it. When someone buys a home, there’s a paper trail. Starting with the mortgage pre-approval which can run four pages,  the Offer to Purchase, which is another 12 pages, income documents, notices Read More

23 Feb 2018

6 Reasons To Get A Home Inspection Before You Buy

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

In an active housing market sometimes buyers are urged by their realtors to make an offer with no conditions. As a mortgage broker this always makes my heart skip a beat. I know from experience that financing can go sideways and you need to be sure it’s in place before removing conditions. Another item that Read More

13 Feb 2018

What’s an acceptable down payment for a house?

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Ask people this question and you will get a variety of answers.  Most home owners will say 10% is what you should put down. However, if you speak with your grandparents, they are likely to suggest that 20% is what you need for a down payment. The truth is 5% is the minimum down payment 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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    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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