Author: Ryan Oake

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

4 Dec 2018

Mortgage Prepayment(s)- The Perfect Holiday Gift!

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Do you know what kind of prepayment privileges you currently have with your mortgage? Does your current lender allow you to make a 10% prepayment or a 20% prepayment on your principle amount? Can you double your monthly payment? Or can you even increase the amount you are paying monthly? This is important information, and Read More

18 Oct 2018

Bank or Mortgage Broker?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Mortgages are like vehicles. A bank is similar to the brand, Ford or Toyota for example. How long you have a mortgage before it’s time to renew is like the model, a Fusion or Camry. The rate is similar to the car’s paint color, and the mortgage benefits such as prepayment privileges and portability are Read More

21 Sep 2018

Rent, Own, or Do Both?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

There are generally three different situations you can find yourself in when it comes to living situations; living with parents, renting, or owning. A lot of the times the first decision someone will need to make is whether they buy a home to live in, buy a home to rent to someone else, or buy Read More

13 Sep 2018

Mortgage Switches and Transfers

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Mortgage switches and transfers are becoming one of the more popular sources of revenue for certain lenders which means great incentives for borrowers as the banks and financial institutions fight for your business. When your mortgage is up for renewal, your lender will typically send you a letter either 6-months or 120 days before your 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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