Author: Kristin Woolard

29 May 2019

Reverse Mortgages – Trending Now

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

With approximately 1,000 people retiring every day in Canada, it’s not surprising that there has been an increased demand for Reverse Mortgages. A Reverse Mortgage can assist people aged 55+ to realize their dreams in retirement. Whether they want to travel, help their kids or grand kids or even just supplement their monthly income, a Read More

13 Mar 2019

What is an Uninsurable Mortgage?

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

With the mortgage rule changes in recent years, lenders have had to make some adjustments to their rate offerings. There are different tiers and rate pricing based on the following 3 categories: 1) Insured – a mortgage that is insured with mortgage default insurance through one of Canada’s mortgage insurers, CMHC, Genworth or Canada Guaranty. Read More

26 Jul 2018

CMHC Changes to Assist Self-Employed Borrowers

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

As a self-employed person myself, I was happy to hear that CMHC is willing to make some changes that will make it easier for us to qualify for a mortgage. In an announcement on July 19, 2018, the CMHC has said “Self-employed Canadians represent a significant part of the Canadian workforce. These policy changes respond Read More

24 Jan 2018

Get Ahead of the ‘Rate Train’

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

A recent article featured on www.mortgagebrokernews.ca brings up some interesting points to consider. With approximately 47% of mortgages in Canada coming up for renewal in 2018 and in a rising rate climate, it would be wise to consider the impact on our personal mortgage. What will these increases mean for you? 70% of Canadians are Read More

17 Oct 2017

The Impact of Mortgage Rule Changes

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

The mortgage rule changes that were passed by the Ministry of Finance in October 2016 are still having their effect one year later. Higher qualification requirements and new bank capital requirements have split the industry into two segments – those who qualify for mortgage insurance and those who don’t. Mortgages that qualify for mortgage insurance Read More

20 Jan 2017

Summary of the New Mortgage Market

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

There have been a lot of changes in the mortgage market over the past few months so many Canadian’s plans regarding homeownership may have shifted quite a bit from last year. First, new qualification rules came to pass in October where even though actual contract rates are sitting at about 2.79% all Canadians have to Read More

15 Nov 2016

Remediated Grow-Op – A Good Investment?

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

It is forever in discussion in the Lower Mainland – is a former grow-op home a good investment? Prices are often much lower than similar properties so at first glance it seems so. But the stigma will follow the property in perpetuity, unless it’s razed to the studs and rebuilt. If it’s been remediated that Read More

9 Nov 2016

Things to Consider When Deciding to Buy a Foreclosure

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

When bad things happen to good people sometimes the reality is they just can’t keep up with their mortgage payments. While Canadian mortgage defaults are amongst the lowest in the world at just 0.31%, foreclosure still happens. In BC, if a lender forecloses on a homeowner they are required to give the borrower a 6-month Read More

14 Jan 2016

Financial Check-Up

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

Welcome to your free financial check-up, discussing 5 key factors to assist you in ensuring you are on the right track to a solid financial future. Credit Ensuring you are using credit wisely will pave the way to making sure you have options available to you if or when you need them. One thing we Read More

9 Dec 2015

Obstacles for First Time Home Buyers

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

With mortgage interest rates at historical lows, it is a wonderful time for first time home buyers to take the leap into the market. But there are some considerations and preparations to be made before starting the process. A higher level of bank scrutiny has come into play now that the governance of CMHC has 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