Author: Pauline Tonkin

3 Mar 2017

Stuck In a High Rate 10 Year Fixed Mortgage?

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

With low rate offerings over the past several years and a struggling economy, some homeowners chose to lock into a longer term mortgage even if the interest rate was a bit higher. If you are one of those people who feel stuck in a high rate 10 year fixed mortgage you may be wondering if Read More

22 Feb 2017

Getting Strict On Documentation

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

With an increase in concern about fraud, lending institutions are getting strict on documentation for mortgage approval. As part of the mortgage approval process, your mortgage broker will ask for documents to show proof of your income, down payment and possibly other items such as proof of permanent residency and other identification. Since most of that Read More

18 Jan 2017

Is the BC HOME Partnership Program Right For You?

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

The BC HOME Partnership Program was created for first time home buyers who have good credit and good income but do not meet the requirements for a minimum 5 percent down payment.  With at least 2.5% down payment the BC Home Partnership Program will allow you to purchase your home sooner than waiting to save Read More

7 Dec 2016

Financing Options For Conventional Borrowers

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

To understand financing options for conventional borrowers – ask your Dominion Lending Centres Mortgage Broker.  In October 2016 the Federal Government announced some significant changes to mortgage rules for high ratio borrowers.  Changes for high ratio mortgages took effect Oct 17th.  Changes for conventional borrowers took effect Nov 30th.  These changes will result in tighter Read More

6 Oct 2016

Not All Doom and Gloom – New Canadian Mortgage Rules Effective October 17, 2016

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

The Minister of Finance announced on Monday new Canadian mortgage rules effective October 17,2016. The new rules will impact high ratio buyers – those with less than 20% down payment. Other rule changes are expected to follow so stay tuned for details as they unfold. The important thing to remember is that this is not Read More

5 Aug 2016

Your Financial Future As a Post Secondary Student

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

So you’ve graduated from high school and off to university or college. Before you start, take the time to set down some goals and a budget for your financial future as a post secondary student. Your parents have probably been telling you to put aside some money from your part time job into savings. However, Read More

22 Jul 2016

Things to Consider When Buying In a New Development

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

With plenty of activity in the real estate market and more new building slated over the next few years, here is my list of “Things to Consider When Buying in a New Development”. Representation Some buyers attend the display suite and consider a purchase directly with the developer sales person or the developers Realtor. Regardless Read More

21 Apr 2016

The True Cost of Mortgage Penalties

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

The true cost of mortgage penalties is a common concern and complaint among homeowners so it seems reasonable to review it once again. Due to the sometimes complex calculations the banks use to determine this amount – consumers have been left in the dark when trying to make a decision on whether the cost of Read More

11 Apr 2016

Buying a New Car or Your First Home

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

Buying a new car or your first home, what makes the most sense? We all need a roof over our head and some means of transportation to get us to and from work. Sometimes it can be a tough choice when there is only so much money. “Do we buy the new car or our Read More

31 Mar 2016

What Do You Buy – a Condo or a House With a Suite?

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

So you have worked hard and saved up a down payment of $25,000. What do you buy a condo or a house with a suite? Sometimes the decision is an easy one while for some it may not be as obvious. If you have a specific neighborhood in mind which is high density condo living 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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