Author: Michael Hallett

15 Nov 2017

I’ve never heard of that lender before

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

One of the benefits of working with an independent mortgage professional; compared to getting your mortgage through a single institution, is choice. And as there are even more mortgage rules coming into place January 1st 2018, now more than ever, having access to a wide variety of mortgage products is going to ensure you get Read More

6 Nov 2017

You just got a mortgage. Now what?

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Mortgages are a funny thing. On the one hand they allow you to become a home owner without saving up enough money to purchase the home outright, which is a really good thing. On the other hand, even at today’s really low interest rates, as they are amortized over a really long time (most of Read More

2 Nov 2017

The New Normal

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

’Tis the season… this was no surprise here! The latest round of mortgage guidelines has been announced by OSFI, or Office of the Superintendent of Financial Institutions. As of January 1, 2018, all conventional or uninsured mortgages will have to qualify at the Bank of Canada 5-year fixed rate or the contractual rate + 2%, Read More

26 Oct 2017

Payment frequency, does it really make a difference?

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

It has been said that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single certainty is that you will pay back what you borrowed, plus interest. However, how you make your mortgage payments, the payment frequency, is somewhat up to you! The following is a look Read More

2 Oct 2017

Don’t assume anything when dealing with mortgage financing

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

A lot of people get into hot water when they assume that because they’ve qualified for a mortgage in the past, they will qualify for a mortgage in the future. This article has one point to make and it’s this: Don’t assume anything when dealing with mortgage financing! And if that’s all you take away, Read More

8 Sep 2017

It’s never a bad time to plan

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Do successful entrepreneurs just open their doors for business without a business plan? Does a chef open a restaurant without a menu? Do pilots depart the hanger without a flight plan? Can you build a house without architectural plans?…I could go on forever! The answer is NO to all the above. I’m a planner. Whether it’s Read More

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

  • 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