Author: Michael Hallett

10 Aug 2017

Know Your Numbers

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Most people know their weight. Their height. Their age. Their birth date. Their address. Their SIN. Even their income. Could you imagine if you always had to say to someone, “Can I get you that information when I get home? It’s written down in my planner… ” Knowing your everyday numbers is important. It allows Read More

25 May 2017

This Vs That 8: Renew or switch lenders

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Renew (the mortgage industry meaning): to remain with the current lender by simply signing the renewal letter that comes in the (e)mail. Switch (again, the mortgage industry meaning): to move from the existing lender to a different lender without leveraging any additional funds/equity; the outstanding balance remains the same. Is renewing your mortgage with the Read More

1 May 2017

Spousal Buyout Mortgage?

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

If you happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout your ex-spouse. For most couples, their property is their largest asset and where the majority of their equity has been Read More

11 Apr 2017

3 Apr 2017

Banks & Credit Unions vs Monoline Lenders

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

We are all familiar with the banks and local credit unions, but what are monoline lenders and why are they in the market? Mono, meaning alone, single or one, these lenders simply provide a single yet refined service: to fulfill mortgage financing as requested. Banks and credit unions, on the other hand, offer an array Read More

8 Mar 2017

How To Not Qualify For A Mortgage

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

If you have no desire at all to qualify for a mortgage, here are some great ways to make sure you don’t accidentally end up buying a house and taking out a mortgage to do so. One of the best ways to ensure you won’t qualify for a mortgage is to be unemployed. Yep, banks Read More

17 Feb 2017

Financing Solution – Home Equity Line Of Credit

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

The Home Equity Line of Credit (HELOC) lets you split up your mortgage debt and borrow against your equity at low rates. The unique feature of this mortgage product is that you can slice the pie (the mortgage balance) into various segments. All of it is registered against the subject property title as just one Read More

30 Jan 2017

A Conversation About Mortgage Pre-approvals

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Thinking of buying a property, but don’t know where to start? Well… that’s where a mortgage pre-approval comes in. Start here. Just like you wouldn’t go into a restaurant without having enough money to buy your meal, so you shouldn’t start shopping for a home without an understanding of how much you can afford. So let’s Read More

10 Jan 2017

Home Financing Solutions – Purchase Plus Improvements

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Are you on the hunt for a new home but can’t find exactly what you are looking for? You’re not alone. House hunters experience this scenario every day. With real estate prices increasing you may not be able to buy your dream home the first go-round. Think about buying a fixer-upper. There are many potential Read More

29 Nov 2016

Financing Solutions – Bridge Loan

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

The fast pace of buying and selling real estate is daunting. Throw in trying to manage closing dates, possession dates and access to the proceeds for the purchase and you have a recipe for disaster. I recently received an email from a potential client asking these very questions: “I was wondering how the process usually 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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    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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