Author: Dustan Woodhouse

12 Apr 2018

Vacant Possession

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

DISCLAIMER: This post is written for buyers, in other words people who do not currently own a tenanted property. This post is not suggesting in any way that the rights of an existing tenant be infringed upon Purchasing a residential property? Two words that matter this Spring; Vacant Possession Your contract had best contain a Read More

28 Mar 2018

The Most Important Question This Spring

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Short Version: The most important question a home-seller must ask their Broker or their banker this Spring: ‘Do I QUALIFY to port my mortgage?’ You must re-qualify to port your mortgage to a new property, and you must re-qualify under stringent new rules. How stringent? Long Version: Let’s say you have impeccable credit, a $100,000 Read More

15 Mar 2018

Canadian Real Estate; Candy For The Kids

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Housing & Smarties All levels of government are trying to control a situation akin to that of 22 kids that want a Smartie, and there are only six-and-a-half Smarties to be had. As authority figures tend to, they are creating all kinds of rules about which kid can have a Smartie, and some kids are Read More

30 Jan 2018

Are you in a Variable Rate Mortgage? Me too.

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Are you in a Variable Rate Mortgage? Me too. If you’re in a fixed rate mortgage, this news does not impact you. Mind you ‘impact’ is too strong a word to use for the subtle shift that occurred Jan 17, 2018. Short Version The math is as follows: A payment increase of ~$13.10 per $100,000.00 Read More

11 Dec 2017

Is it time to lock in a variable rate mortgage?

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Approximately 32 per cent of Canadians are in a variable rate mortgage, which with rates effectively declining steadily for the better part of the last ten years has worked well. Recent increases triggers questions and concerns, and these questions and concerns are best expressed verbally with a direct call to your independent mortgage expert – Read More

8 Dec 2017

Returning To The ‘A-Side’

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Every year Canadian families are caught in unexpected bad circumstances only to find out that in most cases the banks and the credit unions are there (to lend you money) only in the good times, not so much during the bad times. This is where thousands of families have benefited over the years from the Read More

27 Nov 2017

But They Said It Was Portable…

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

The question most often asked: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality you qualify to move ~80% of the balance… maybe. If you are thinking of: Moving (upsizing or downsizing) Locking a variable-rate mortgage into a fixed-rate product … you would be well served to Read More

25 Oct 2017

Don’t ‘Fix’ It If It Isn’t Broken

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

By now the media, along with multiple mortgage brokers’ social media feeds, have likely let you know that more changes to your ability to get a mortgage are arriving soon. But so what? Should you care? SHORT VERSION; Probably Not. LONG VERSION; The five ’W’’s follow to help answer the above questions and more; Who Read More

15 Jun 2017

Mortgage-Geek History

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

The average person if stopped on the street and asked; Are today’s low interest rates driving up house prices? Would likely say ‘yes’. They would be wrong. And we can let their lack of understanding pass, after all we can agree that math mostly sucks. However to ask a Realtor, banker, or your Mortgage Broker Read More

30 Mar 2017

The Glass Houses of Parliament

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

A sincere thank you to our regulators, Ministers, MP’s, etc. for your concern about my personal debt figures. And thanks for channelling this concern into recent deep and drastic cuts to my personal (home financing) purchasing power. Although certainly chopping Canadian families’ ability to buy a home in today’s rising market by a whopping 20% 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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