Author: Kelly Hudson

5 Nov 2019

Mortgages for Expensive Homes – Not as Easy as it Sounds

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Large home purchases that require a mortgage present unique challenges in the Canadian Mortgage market. Sliding scales, director approval, multiple reviews, it all adds up to difficultly getting larger mortgages approved, unless you’re working with an experienced mortgage broker. In 2012 the government of Canada removed the mortgage insurers ability to approve mortgages of $1 Read More

10 Oct 2019

Mortgages 101 – What You Need to Know about Mortgages

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Mortgage [ˈmôrɡij] NOUN With a residential mortgage, a home buyer pledges his or her house to the bank. The bank has a claim on the house should the home buyer default on paying the mortgage. In the case of a foreclosure, the bank may evict the home’s occupants and sell the house, using the income Read More

27 Aug 2019

Need an Appraisal – 7½ Tips for Success

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Do you need to get a current value of your property? Then you are going to need an appraisal. Banks and other lending institutions want to know the “current” market value of your home before they consider loaning money on the property. An appraiser checks the general condition of your home and compares your home Read More

10 Jul 2019

20 Terms that Homebuyers Need to Know

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Buying a home is one of the most important financial decisions you will make. It’s common for a first-time homebuyer to be overwhelmed when it comes to real estate industry jargon, so this BLOG is to help make some of the jargon understandable. To help you understand the process and have confidence in your choices, Read More

4 Jun 2019

Credit Cards for the Credit Challenged

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

If you want to buy a home and don’t have a bucket load of cash – you are going to need a mortgage. In order to get a mortgage, you are going to need credit… When you get a mortgage, banks lend you “their” money and secure the loan against the property you are buying.  Read More

1 May 2019

How to Pick the Best Mortgage for YOUR Situation!

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Most Canadians are conditioned to think that the lowest interest rate means the best mortgage product. Although sometimes that is true, a mortgage is much more than just an interest rate. You can save yourself a lot of money if you pay attention to the fine print for the total cost of your mortgage. In Read More

4 Apr 2019

7 Steps To Buying a Home

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

It’s important to understand the home buying process, so here’s a 7-step checklist. Step 1: Down Payment The hardest part to buying a home is saving the down payment (a gift from the Bank of Mom & Dad also works). • For purchases under $500,000 minimum down payment is 5%. • Buying between $501-999,000 you Read More

14 Mar 2019

21 Feb 2019

5 Reasons Why You Don’t Qualify for a Mortgage

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

It’s not just because of finances. As a mortgage broker I receive calls from people who want to know how to qualify for a mortgage. Most of the time it comes down to finances but there are other reasons as well. Here are the 5 most common reasons why your home mortgage loan application could Read More

8 Feb 2019

  • 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.
    Learn More