Author: Ryan Oake

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

11 Sep 2018

The Real Estate Bug

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

The Real Estate Bug is something slowly starting to creep it’s way into the demographic of people in my social circle. Some, not all, are beginning to move on from their “Travel Bug” brought on from graduating high school or post-secondary and onto The Real Estate Bug. The Real Estate Bug doesn’t mean you are Read More

5 Sep 2018

Bridge Loans

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

If you have ever sold your home in order to help with the purchase of your next home, chances are you have heard of bridge financing. Bridge financing is an option available to homeowners if they find themselves in a little bit of a pinch when it comes to two different completion dates. A situation Read More

28 Aug 2018

Reverse Mortgage – Need to Know

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

HomeEquity Bank is the only bank in Canada that currently offers the CHIP Reverse Mortgage as well as a secondary product, Income Advantage. These two products are options for homeowners unlike anything else out there. Instead of borrowing money to purchase a house, they will lend you money if you already have purchased one (as long Read More

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

  • 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.
    Learn More