Author: Geoff Lee

12 Apr 2019

Should you pay down your mortgage ASAP?

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

One of the top questions we get asked: Should I pay down my mortgage as fast as possible? In theory, this makes sense. The faster you pay it down, the faster you get out of debt, right? For many people that is the case and it does make sense often times to take this route. Read More

21 Mar 2019

Nuts & Bolts of the Federal 2019 Budget | What you REALLY need to know!

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

On March 19, the Federal Government announced the official 2019 budget. One major topic on the discussion table (and one we were all holding our breath for) was the discussion of affordable housing in Canada. So just what happened on “Budget Day?” Here are the highlights of the 2019 Federal Budget: MORTGAGE INDUSTRY RELATED: CMHC Read More

6 Mar 2019

Zero Down Payment Mortgage–Does it Exist?

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Did you know that you can buy a home with ZERO down payment?? If a home purchase is your goal this year but you aren’t able to save up enough of a down payment, you may qualify for a low or zero down payment mortgage. One of our Lenders is offering a great zero down Read More

26 Feb 2019

Transfers and Switches

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Transfer/Switches are when you opt to transfer your mortgage to a new lender in order to take advantage of a lower rate. A transfer/switch does not include additional money to the existing mortgage balance owing, your mortgage amount will remain the same, however lenders will allow you to increase the mortgage up to $3,000 to Read More

7 Feb 2019

Get to know Title Insurance

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Are you officially Mortgage Free? CONGRATULATIONS! That is a monumental milestone to achieve! With that significant accomplishment, you should look at obtaining a Title Insurance Policy. What most people don’t realize is that when you had a mortgage, the lender will likely have had this in place for you. Once your mortgage is paid out Read More

29 Jan 2019

First Time Home Buyers

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Your First Home. What a THRILLING thing that is to think about!! One of the best parts about our job is helping individuals purchase their first home. We know that the process can seem daunting at first, but we have an in-depth understanding and knowledge of what steps are required to make the process go Read More

15 Jan 2019

2018 is in the books, here are the Q4 numbers!

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

2018 was a challenging year for the housing and mortgage market—new regulations, rate increases and more made it one of the toughest years for homeowners to qualify. Despite all this, there was still $45.3 billion in collective profits made by the Big Six Banks (Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Read More

8 Jan 2019

Why We Worked with a Broker

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

We recently had a couple come into our office who we had worked with in 2011. They had some life changes that had occurred in the past 7 years and were unsure if they could make things work. They came back to speak with us and shared a little bit of their story and thoughts Read More

16 Nov 2018

4 Facts About Using a Guarantor

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

A Guarantor, when it comes to mortgages, is exactly what it sounds like—they “Guarantee” the mortgage for another person if they are unable to pay back the loan. Guarantor’s or co-signers are often used if someone has: • Damaged or poor credit • Insufficient income In most cases, someone with poor credit and/or insufficient income Read More

23 Oct 2018

7 things every self-employed individual should know — Before you apply for a mortgage

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Self-employed individuals are quickly becoming one of the most common clients that we handle. Daily we have successful business owners come into our offices who enjoy the perks of being an entrepreneur. One of these includes fantastic write-offs that allow them to bring their income down to a low tax bracket. However, this benefit can 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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