Author: Ryan Oake

7 Jun 2019

Home Buyer Tax Credit

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

When you purchase a home as a first time home buyer, you have a third benefit on top of the First Time Home Buyers’ Program and the Home Buyers Program- the Home Buyer Tax Credit. The Home Buyer Tax Credit allows you to claim $5,000 for the purchase of a qualifying home in the year Read More

5 Jun 2019

Home Buyers’ Plan

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

The Home Buyers’ Plan is a Canada wide program that allows individuals to withdraw a certain amount from their Registered Retirement Savings Plans (RRSPs) for the purposes of qualifying for a home or if you are planning to help a related person who may have a disability. Currently, the maximum amount an individual can withdraw Read More

9 May 2019

Sole Proprietors

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Sole proprietors are individuals who run their own business and do not have it set up as a corporation or partnership. The biggest difference between them and a corporation is that a sole proprietor does not have separation between their business and themselves. This means that when taxes are filed, all costs that are essential Read More

3 May 2019

Corporations and Mortgages

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

For self employed clients, incorporation is a popular business structure we tend to encounter. Having a corporate structure to your business allows for effective separation between the individual and the business. If you own your business and have it set up as a corporation, that corporation is essentially its own person. They have their own Read More

11 Apr 2019

Condo Home Insurance

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

First thing I would like to say about home insurance- this is not what we specialize in. We are experts when it comes to brokering mortgages, not determining what type of home insurance would be best suited for you. That being said, there are 3 key topics we would like people to be aware of Read More

9 Apr 2019

Income Qualified

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

There are several different ways a borrower can qualify for a mortgage when it comes to their income. One of the most common ways is known as income qualified. All of the following methods of employment income are under the income qualified umbrella: Annual salary income employees Full time employees working guaranteed weekly hours Part Read More

5 Apr 2019

Source of Funds

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Over the past several years, investigators have been working on an ongoing investigation relating to criminal money laundering in Canada. Looking at B.C. alone, billions of dollars have been laundered through B.C. casinos by criminal organizations and parked in high end B.C. real estate over the past decade or more. With government citing limited resources Read More

22 Feb 2019

Minimum Down Payments

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Are you looking for that new dream home, or anything that will get you out of your current rental property so you can officially become a homeowner? If so, what is the minimum amount you are required to put down? Below are three different purchase price categories. Each one has their own minimum down payment Read More

14 Feb 2019

High Ratio and Conventional Mortgages

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

There are two different types of mortgages when it comes to their balance in relation to the value of your home- high ratio or conventional. When you applying for a mortgage, lenders use a ratio called loan to value. Your loan to value is exactly what it sounds like, the size of your mortgage in Read More

30 Jan 2019

Pre-Approvals & Pre-Qualifications

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Throughout the mortgage and home buying process, there are many steps and many checkpoints a buyer will need to complete before they can move on to the next one. A buyer will not be able to close on a purchase if they do not have a lawyer. Financing conditions need to be lifted after confirmation 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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