Author: Eitan Pinsky

31 Jan 2019

Credit Unions – An Alternative Lender

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

Credit Unions are often overlooked as a choice for your mortgage lender – but there are reasons why considering a Credit Union might be well worth your while. One of the primary attractions for Credit Unions is that they are regulated provincially, so they are not restricted by the Federal regulations that banks and monoline Read More

20 Nov 2018

Mortgage Interest Rate Tiers

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

Since we know that lenders can back-end insure our mortgages (please read our Mortgage Insurance Market and Wholesale Lenders article first), and that this specifically makes these mortgage investments more attractive to investors, what does it mean for borrowers (every day people like you and me)? To recap, any mortgage that is inexpensive for a Read More

12 Sep 2018

Keeping Your Credit Score Healthy

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

There is a lot of misinformation floating around about credit bureaus, credit reports and credit scores – not only that, but a large amount of the clients I work with have never even seen their credit report or score before! I’d like to shed a bit of light, as they say, on the importance of your Read More

5 Jul 2018

All About Pre-Approvals

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

Are you in the market for a new home? That’s great – but if you’re not already pre-approved from your mortgage broker, be sure to read on. Pre-approvals are very important for two reasons. They give you confidence in knowing that a specific amount of financing is available for you. A pre-approval can put you Read More

2 May 2018

What does a “Rate Hike” actually mean?

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

TD Bank has increased it’s posted rates and RBC did the same on Monday. This increase, from 5.14% to 5.59% at TD, is the “biggest move in years.” The change came because of the bond yields increasing. We do expect every other lender to follow suit. But, actual interest rates have not changed… so what Read More

11 Apr 2018

The Mortgage Insurance Market & Wholesale Lenders

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

The Canadian mortgage market used to be very simple. We had the big banks, credit unions, and trust companies. However, almost 20 years ago, the Canadian government made three major changes to the Canadian mortgage industry. First, the government and CMHC put their weight behind Canadian mortgages by guaranteeing an insurance payout to lenders in Read More

16 Mar 2018

Keeping Your Credit Score Healthy

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

If you haven’t seen your credit score, you’re not alone. Many of our clients don’t know about their credit score or even know what it is when we first meet with them. During our initial consultation, we go over your complete credit report with you. As an added bonus, we’ll even teach you how to Read More

8 Mar 2018

What are Accelerated Payments?

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

An accelerated payment is a mortgage payment that is increased slightly so that you can pay off your mortgage faster. There are two common types of accelerated payments: bi-weekly and weekly. Of the two, bi-weekly is the much more common choice because it matches with pay dates more often. An accelerated payment works by increasing Read More

26 Feb 2018

What is a Collateral Mortgage?

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

A collateral mortgage is a way of registering your mortgage on title. This type of registration is sometimes used by banks and credit unions. Monoline lenders, on the other hand, rarely register your mortgage as a collateral charge – which is an all-indebtedness charge that allows you to access the equity in the home over Read More

7 Feb 2018

6 Home Purchase Closing Costs

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

When you purchase your home, there are 6 additional costs to account for. They include: Home Fire and Flood Insurance Title Insurance Legal Fees Adjustments Land Transfer Tax GST Here’s an overview of what you can expect. Home and Fire Insurance. Mortgage lenders will require a certificate of fire insurance to be in place by 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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