Author: Michael Hallett

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

4 Nov 2016

What’s YOUR Number? Your Maximum Mortgage Number

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

What is the maximum mortgage amount one now qualifies for with the rules that came into effect on October 17th? Short answer: LESS. A minimum of 20% less, in fact. Before October 17th, the lenders calculated the maximum mortgage amount based on the contract rate of 2.49%, but now it is based on the Bank Read More

25 Oct 2016

Bikes For Kids – My Number is 5+

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

I sit atop a local bike trail overlooking the spectacular valley vista. The air is crisp, the soil is tacky and the sun is out in full force. The only thing on my mind is what lies ahead. I push away from the trailhead, anticipating my navigating down the steep, rocky and rooty trail. The Read More

11 Oct 2016

Thinking of Selling? Costs You Should Know About!

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Often times it’s the simple math that will betray you when selling a property. In your head you do quick calculations, you take what you think your property will sell for and then subtract what you owe on your mortgage, and the rest is your profit! Well… not so fast, there are several costs that have Read More

14 Sep 2016

Live Your Life

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Recently I was fortunate enough to travel to the small island country of Iceland in the middle of the North Atlantic. It had not been a destination on my radar until I started to plan a mountain biking trip for my milestone 40th birthday. I knew I was going to utilize the locally owned (Whistler Read More

2 Aug 2016

The Power of Education

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Knowledge is power! With education comes limitless possibilities. Are our kids learning the essentials in life? Are they being empowered to make life-changing decisions when they enter into the real world of economics? The education that most kids in senior secondary school receive these days focuses on biology, math, physics, chemistry, English, physical education, social 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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