Author: Terry Kilakos

30 May 2019

The predatory lending surge is here

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

As we’ve been reporting for months on our North East blog, instead of protecting many homeowners, the federal government’s restrictive mortgage rules are pushing people out of the safe mortgage market, and into the arms of secondary lenders. By pushing people to the alternative lending market, they’re being pushed away from the safe harbour of Read More

16 May 2019

Build a plan to move into your home

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

There’s nothing quite like stepping into your dream home for the very first time. You have achieved your goal of homeownership! However, the journey from home seeker to home buyer can be challenging – unless you have a well-defined plan and guidance from the right professionals. As a mortgage broker, here’s how I will help Read More

10 May 2019

Who pays your mortgage broker? Not you!

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

If you’re looking to get a mortgage and considering a mortgage broker, there’s a good chance you’re wondering about how much the service costs. Good news! Clients looking to get a standard residential mortgage pay no fees to the broker. On standard residential mortgages, it’s 100% free for the clients. We’re paid by the bank Read More

7 May 2019

CMHC changes will harm, not help, the real estate market

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

A new program the federal government has announced to subsidize first-time homebuyers isn’t likely to help the market but more likely to harm it. And not only is it not going to help out the market, but it’s not going to help out new homeowners. In its recently announced budget, the government is essentially putting Read More

26 Apr 2019

How to improve your credit score

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

When applying for any sort of loan, one of the most important metrics a lender is going to look at is your credit score. But what really is a credit score, who keeps track of it, and most importantly, how can you improve yours? There are a few simple ways to keep your credit score Read More

18 Apr 2019

Spring is here, make sure you’re covered by flood insurance

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

The sun is coming out, and the snow is disappearing. You know what that means: it’s flood season. And because flood season is upon us, it’s time to make sure you’re covered. What you need to do is ask specific questions. When you call your insurance company, you should say ‘I want to know, do Read More

10 Apr 2019

Feds offer new incentives for new home buyers

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

In this year’s budget, the federal government announced a program for first-time homebuyers that would offer between 5% and 10% top up from the Canada Mortgage and Housing Corporation. If you’re buying a brand new home, the CMHC will give you 10% of the total cost, and it will offer 5% if it’s an older Read More

26 Mar 2019

Interest rate cut more likely than hike in 2019

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

When the Bank of Canada decided this month to keep its benchmark interest rates stable at 1.75%, it signalled the weakening economy makes it unlikely a rate increase is anywhere on the horizon. Inflation is not where it should be, we’re not in a deflation mode right now, but inflation is under control and there’s 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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    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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