Author: Ryan Oake

20 Jun 2018

The Right Kind of Debt

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Put yourself in a bank or lender’s shoes. Someone comes into your branch and asks you to politely loan them $300,000. You are a big bank, but $300,000 is still a lot of money. How do you ensure this person is going to pay back the money you loan them, on time, and in the Read More

12 Jun 2018

The 5 Mortgage Elements- Decisions You Need to Make Before You Sign!

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Before you buy a home there are a couple things you need to figure out first. One of the very first decisions you need to make is whether you want to work with a mortgage broker who is independent from the bank, or if you prefer, work with a financial representative from a specific bank. Read More

6 Jun 2018

Last Minute Credit Check

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

As I’ve said many times, one of the single greatest determining factors in whether you can become qualified for a mortgage and the interest rate at which you do, is your credit history. Many people unfortunately don’t know this, and can be completely blind-sided when it comes time to qualifying. However, the truly unsettling idea Read More

25 May 2018

Fixed Versus Variable Interest!

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Fixed Interest Rates This is usually the more popular choice for clients when it comes to deciding on which type of interest rate they want. There are many reasons why, but the most unsurprising answer is always safety. With a fixed interest rate, you know exactly what you are paying every month and you know Read More

15 May 2018

Brokers More Important Than Ever

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Nearly half of all existing mortgage in Canada will be up for renewal in 2018. Stated in a Financial Post article by Armina Ligaya, CIBC Capital Markets estimates 47% of all existing mortgages will need to be refinanced in 2018. All of this coming on the heels of rising interest rates and changes to key Read More

4 May 2018

What is a Refinance?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Refinancing a home is one of those things where people understand what it is but have trouble explaining how it works. To put it simply, refinancing your home allows you to access the equity you have built up, by changing the mortgage amount. Let’s say you bought a $300,000 condo and you paid 20% ($60,000) Read More

25 Apr 2018

Subject to Financing- A Must!

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

With most people who are new to real estate and looking for their first home (or possibly second), one of the most significant times is when your offer to buy is accepted by a seller. Unfortunately, that moment is quickly followed by stress, as not many people know what comes next- securing financing. 99% of Read More

18 Apr 2018

Closing Costs

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Closing costs are a necessity when it comes to purchasing a home. They are not included in down payments, they are not included in monthly mortgage payments, nor are they included in the purchase price of a home, but you are still responsible for paying them, in full. Knowing they exist is half the battle, Read More

10 Apr 2018

Setting Up Your HELOC

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

A HELOC, or, Home Equity Line of Credit, can be one of the greatest gifts you give yourself. Borrowing money against your home as you accumulate equity through a shrinking mortgage or an increasing property value- something almost many people in the Vancouver and Toronto markets can relate to. With all this increasing value and Read More

19 Mar 2018

What Is a “Monoline” Lender?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

What usually follows once someone hears the term “Monoline Lender” for the first time is a feeling of suspicion and lack of trust. It’s understandable, I mean why is this “bank” you’ve never heard of willing to loan you money when you’ve never banked with them before? In an effort to help you see the 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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