Author: Ryan Oake

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

6 Mar 2018

Making Smarter Down Payments

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Mortgage Insurance Premiums. Many people know what they are- an extra cost to you the borrower. But not many people realize how they are calculated. Understanding the premium charges and how they are calculated will help lead you to making smarter down payments. 5%- 9.99% down payment of a purchase price is a 4% premium Read More

28 Feb 2018

Fixed versus variable interest rates

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 that Read More

16 Feb 2018

Pre-Sales- Safe of New Rules?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

The best part about pre-sales, especially for first time home buyers, is it allows you to reserve a unit for the cost of a deposit and have a significant amount of time to get everything in order. You can save money while renting or living at home, arrange a mortgage that best suits your needs, Read More

5 Feb 2018

Which Lender is Right for You?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

The following is a summary of the choices available for clients when looking at the four different types of lending groups. Which one is best will all depend on who you are as a borrower, what your current situation is now, and what your situation will look like in the future. Big Banks Currently, mortgage Read More

21 Feb 2017

Optimism For Future First Time Homebuyers

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

December 15th, the B.C. Provincial Government shared that it will begin offering financial assistance to B.C. first-time home buyers in regards to their down payment. They estimate that 42,000 new first-time home buyers will take advantage of this program over the next three years. What the B.C. Government Will Provide:  – A matched loan only Read More

18 Nov 2016

Your Pay Went Up But You Don’t Qualify For a Mortgage?!

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

I want to share with you a story. Below is the story of John, and if you ever want to own a home, you need to read his story. John was a 25 years old. He was good with money. He went to school and he worked his butt off to support himself. John had been Read More

8 Nov 2016

B.C.’s First-Time Home Buyers’ Program

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Before we start, something needs to be made clear: B.C.’s First-Time Home Buyers’ Program is not the same thing as First-Time Home Buyers’ Tax Credit and it is also not the same as the Home Buyers Plan. The First-Time Home Buyers’ Program in British Columbia gives individuals the opportunity to reduce or eliminate the property 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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