Author: Ryan Oake

7 Aug 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

24 Jul 2018

Refinances, Renewals & Transfers

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

After you have purchased your new home, closed on your new mortgage, and are all moved in, what comes next? Well, when it comes to your mortgage, the next step is to either refinance, renew, or transfer your mortgage. This decision can be made one month into your new mortgage or one month before your Read More

19 Jul 2018

Porting a Mortgage?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Porting a mortgage is something similar to transferring a mortgage. Transfers are when you move your current mortgage to a different lender in order to take advantage of different interest rates or mortgage products. Porting a mortgage is when you keep your lender, but move your mortgage to a different property. Now, not every lender Read More

16 Jul 2018

Rate Holds Explained

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Have you ever heard of the term rate hold? If you have ever worked with a mortgage broker, chances are, you have! Rate holds are something that the majority of lenders offer to potential clients purchasing a new home who need a mortgage. Rate holds are generally not given out for people refinancing their mortgage Read More

11 Jul 2018

Construction Mortgages

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

In case you didn’t know, construction mortgages are available through mortgage brokers! Even though the options for lenders are slim, it can still be accomplished. Unlike regular purchase mortgages where the funds are released on closing, the funds for construction mortgages are released in stages. With typically 15-month construction periods, here are the following advances: Read More

4 Jul 2018

Mortgage Protection Plan

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Insurance coverage is something that everyone is “pitched” at some point or another in their life. Unfortunately, a lot of us have a negative attitude towards insurance or warranty as it is perceived as being a cash grab. Yes, if you are purchasing a flat screen T.V., that extra 2-year warranty for $100 might be Read More

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

  • 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.
    Learn More
  • 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