Author: Dustan Woodhouse

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

29 Mar 2017

Debt-To-Income: a Meaningless Metric

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

The human brain struggles with distinguishing between a real or imagined threat. Is it a snake? Or just a shoelace? One may kill us quick, and so we react fast and think it through later… or maybe never. Is the often cited, rarely critiqued, ‘debt-to-income’ ratio a snake or a shoelace? A killer lying in Read More

28 Mar 2017

Whiskey, Wine, and Weakness In Ottawa

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Our Government has concerns about their role with CMHC — essentially a mortgage insurance company — a role in which taxpayers are technically liable for their clients’ actions and behaviour (despite current CMHC premium reserves on hand to withstand up to a 40% market devaluation). These concerns were apparently part of justification used regarding recent Read More

27 Mar 2017

Consumer Debt vs Mortgage Debt

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

During a recent trip to our nation’s Capital with folks from Dominion Lending Centres and other mortgage groups, an Ottawa insider made an interesting comment: “We don’t care about consumer debt, because we don’t guarantee it.” This comment was made in an effort to justify recent increased restrictions placed on borrowers taking out insured mortgages Read More

10 Mar 2017

Is Today the Right Day To Buy Yourself A Home Or Not?

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Q. Is today the right day to buy yourself a home or not? A. Today is the right day assuming one has found a specific property that works for them on all levels. This question arises on a near daily basis within our social circles and most of the chatter around the topic is largely 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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