Author: Kevin Bay

18 Oct 2017

Credit rating and debt servicing a mortgage

Posted by: Kevin Bay

Dominion Lending Centres - Accredited Mortgage Professional

It is great feeling buying your first home, but for most of us the first step is preparing to get a mortgage. Your credit rating and cash flow are based on a minimum of a two-year history. As mortgage rules continue to change, the credit rating is becoming even more important as a higher credit Read More

14 Sep 2017

Saving for a down payment

Posted by: Kevin Bay

Dominion Lending Centres - Accredited Mortgage Professional

What prevents many potential homeowners from buying a home is the lack of a down payment. Many first-time home buyers are receiving down payment gifts from family. Unfortunately, many are not in this position and need to plan to save their own down payment. When you can visualize the benefits of owning your own home Read More

25 Aug 2017

Managing your mortgage

Posted by: Kevin Bay

Dominion Lending Centres - Accredited Mortgage Professional

Why is it important for you to have a mortgage manager? Reaching your financial goals is attainable! There are some things to consider before securing your mortgage: Is there a potential of you buying an investment property or a vacation home? Are you considering scaling up or downsizing? Do you think you might move or Read More

13 Jan 2016

15 Dec 2015

Where Are Mortgage Rates Headed?

Posted by: Kevin Bay

Dominion Lending Centres - Accredited Mortgage Professional

We have finally seen a bump up in interest rates. The 5 year government bond rate hit a low of about .60 in mid-September and is now pushing towards 1%. The lenders have reacted to this and we have seen the low rates of 2.59% on the 5 year fixed rate disappear. Some banks have Read More

5 Aug 2015

How To Prepare To Buy a Home While You Are Going To School

Posted by: Kevin Bay

Dominion Lending Centres - Accredited Mortgage Professional

Many people find themselves renting a home and helping others get ahead financially. When the question of “why rent” is posed, the most common answer is the issue of not having a down payment. What is interesting is that the person could afford the monthly payments but simply does not have the down payment. Home 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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