Author: Geoff Lee

17 Apr 2018

Breaking a mortgage – can you do it?

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Do you have a mortgage? So do I! Looks like we have something in common. Did you know that 6 out of 10 consumers break their mortgage 38 months into a 5-year term? That means that 60% of consumers break a 5-year term mortgage well before it’s due…but do you also know what the implications Read More

9 Apr 2018

Top 5 Things To Consider When Building Your New Home

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Building a new home – It’s something that many couples dream of. It can be an exciting, stressful, joyful, crazy time period that many walk away from saying “never again” or “bring on the next one!” We scoured the internet and sorted through our own experiences to bring you the Top 5 things to consider Read More

22 Mar 2018

History of Mortgage Changes

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

The mortgage industry seems to be ever-changing. What was applicable one day seems to no longer apply to the next and at times, it can be confusing to navigate through what all of these changes mean–and how they impact you directly. As Mortgage Brokers, we firmly do believe that although the industry has gone through MANY Read More

13 Mar 2018

Where are Canadian Mortgage Rates Going in 2018?

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

2017 was a year of change for the Canadian Mortgage Market. With the announcement of the B-20 guideline changes requiring all insured or uninsured mortgages to undergo stress testing. In addition, the removal of mortgage bundling and the continued rate rises from the Bank of Canada have led to significant changes in mortgage rates. This Read More

6 Feb 2018

What is the Canadian Mortgage and Housing Corporation (CMHC)?

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

The Canadian Mortgage and Housing Corporation (CMHC) is a corporation that most are semi-familiar with, but do not know what CMHC actually does. CMHC is Canada’s authority on housing. They contribute to the stability of the housing market and the financial system. They also provide support for Canadians in housing need and offer objective housing Read More

1 Feb 2018

Bank vs. Credit Union – A who is who in borrowing

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Banks and Credit unions are often grouped together into one category under “financial institutions”. While they may have several similarities in terms of financial service offerings, in the world of mortgages the banks and credit unions have little in common. As mortgage professionals, we work with both of them and are well versed in the Read More

15 Jan 2018

Bank Broker vs. Mortgage Brokers | Here’s the Scoop

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Ask any mortgage broker and they can tell you that there are a handful of misconceptions that the public has about working with a mortgage broker. From questioning their credentials (we all are regulated and licensed with in our own province, and are constantly re-educating ourselves) to assuming that the broker does not have access Read More

5 Dec 2017

OSFI mortgage changes are coming

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

As many of you may remember, this past October the Office of the Superintendent of Financial Institutions (OSFI) issued a revision to Guideline B-20 . The changes will go into effect on January 1, 2018 but lenders are expecting to roll this rules out to their consumers between December 7th – 15th, and will require conventional mortgage applicants to Read More

24 Nov 2017

Mortgages and Paperwork

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Paperwork-it’s a fact of life. You need it and we as mortgage professionals also need it. Below is a list of must have documentation BEFORE you start going through the mortgage approval process. Personal Information This will be the basic information we require to start your mortgage process. It will include your age, marital status, Read More

16 Nov 2017

Mortgage Insurance 101

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

When you purchase a property, you may be a little overwhelmed by all the insurance offers related to the purchase of said property. Mortgage Insurance, Condo Insurance, Mortgage Default Insurance, Earthquake Insurance; the list goes on and on. It can be confusing, and it is important to know what insurance covers what. For instance, Mortgage 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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