Author: Kelly Hudson

29 Nov 2018

Would a Co-Signer Enable You to Qualify for a Mortgage?

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

There seems to be some confusion about what it actually means to co-sign on a mortgage… and any time there is there is confusion about mortgages, it’s time to chat with your trusted Dominion Lending Centres mortgage professional! Let’s take a look at why you would want to have someone co-sign your mortgage and what Read More

15 Nov 2018

Pre-Approved for Your Mortgage… What Does that Really Mean?

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

There is a myth out there that once you’re pre-approved for a mortgage, you’re good to go out and buy a home… with a no subject offer… DON’T do it! A pre-approval means that based on being able to PROVE (through documentation) your CURRENT income, expenses, down payment and credit bureau you SHOULD be able Read More

8 Nov 2018

How to Get a FREE Copy of Your Credit Bureau

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Think of your credit score as a report card on how you’ve handled your finances in the past. A credit score is a number that lenders use to determine the risk of lending money to a given borrower. There is always someone willing to lend you money however, higher risk = higher rates! Step 1 Read More

26 Oct 2018

7 Tips for Buying Your First Home

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

As a licensed Mortgage Broker, I am often asked “what do I need to know when buying my first home?” Everyone has their own aims and objects when buying their first home. As a Mortgage Broker, I specialize in making sure your financing is in order to facilitate your dreams of owning a home. Buying Read More

4 Oct 2018

Mortgage Insurance 101

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

For a first-time home buyer, the types of insurance surrounding a mortgage can be confusing, so it’s important to know what insurance covers what. There are 3 main types of insurance to know about when buying a home. Mortgage Default Insurance – If you put less than 20% down on a home you are buying, Read More

21 Aug 2018

5 GREAT Reasons To Provide a 20% Down Payment when Buying a Home

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

There are many challenges that come into play when you’re in the market to buy a home. Buyers say the number one obstacle to home ownership is saving enough for a down payment, the amount that the buyer provides toward the purchase of their home. Exactly how much do you need to put down? Assuming Read More

9 Aug 2018

Want to Buy Rural Property? 6 Things to know before you buy!

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Living in the country has extreme appeal for some people. Space, peace and quiet, big home, big yard, place to raise your family… the list goes on. If you are considering buying a rural home, there are a number of things to consider, not the least being how different it is to get a mortgage. Read More

6 Jul 2018

What is the difference between a Mortgage Broker and a Mortgage Specialist

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

With the importance of real estate in Canada, it is vital to understand how the various professionals in the sector operate when buying a home. Sooooooo… what is the difference between a Mortgage Specialist & a Mortgage Broker? At the surface they sound the same • They both arrange mortgages • They both can offer Read More

14 Jun 2018

Don’t Forget the Closing Costs When You Purchase a Home

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

The purchase price you negotiate when buying or selling a home is just one part of the total cost for buying a home. In addition to the purchase price there are several other fees – known as closing costs – all of which you need to factor in to your purchase price. Closing costs tend Read More

23 Jan 2018

What is a Property Assessment vs a Home Appraisal?

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

It’s the time of year when many homeowners are getting their property assessments. The real estate market is the single biggest influence on market values. Market forces vary from year to year and from property to property. The market value on an assessment notice may differ from that shown on a bank mortgage appraisal or 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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