Author: Jeff Ingram

24 Oct 2016

Bi-Weekly Payment Workaround

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

Most of us know that changing your mortgage payment from monthly, or semi monthly, to an accelerated bi-weekly payment instantly reduces your standard 25 year amortization by 2.58 years with today’s rates. (If you didn’t know that, you’re likely not working with the mortgage professionals at Dominion Lending Centres). Sometimes, however, an accelerated bi-weekly payment Read More

12 Jan 2016

Now Is The Time To Get Aggressive

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

The great majority of us are in mortgage contracts that contain a prepayment privilege of some sort. “Privilege” being the key word here. Not all mortgage contracts contain such privileges, but that’s a story for another day. The mortgages that do allow prepayment privileges, usually allow at least 15% of your mortgage to be paid down, Read More

15 Oct 2015

Mortgage vs HELOC – Do You Know The Difference?

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

Today, with the Internet, we all have an abundance of information literally at our fingertips. Despite the information available many homeowners have limited knowledge about the mortgage process and products. Their lack of knowledge can turn out to be costly. Homeowners should know the difference between a conventional mortgage and a Home Equity Line Of Read More

10 Sep 2015

Qualifying Purchase Price – Why I’m Now Giving My Clients Two Price Points

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

Back in June 2012 OSFI (Office of the Superintendent of Financial Institutions) rolled out their B-20 Residential Mortgage Underwriting Practices and Procedures, in an effort to force banks and lenders to follow more prudent underwriting guidelines. One of the most impactful changes was imposed on borrowers who want to take a Variable rate, or a term Read More

27 Aug 2015

What Is a “Gifted” Down Payment?

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

A “Gifted” Down Payment is very common for first time buyers. Essentially, a buyer’s family member (usually very nice, warm and loving parents) will offer up money to go towards the down payment. Often this is done because their son or daughter doesn’t quite have enough funds saved up for the full 5% down payment. Or, Read More

17 Aug 2015

Purchase Plus Improvements

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

With 80% loan-to-value being the maximum you are now able to refinance your property, property for values increasing at a slower rate, and 25 years being the maximum amortization on high ratio deals, it’s not as easy as it once was to simply refinance and pull some money out of a home when it’s time Read More

7 Aug 2015

The Value of a Rate Hold

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

Securing a rate hold is like having insurance on your mortgage rate – you no longer have to worry about mortgage rates increasing while you find your new home over the next 90-120 days. And if rates drop within that same period, so too will your preapproved rate. For instance, if you obtain a 2.69% 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.
    Learn More
  • 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.
    Learn More