Author: Todd Skene

14 Jul 2020

Monopoly and the Reverse Mortgage – Game On!

Posted by: Todd Skene, MBA

Dominion Lending Centres - Accredited Mortgage Professional

The popular board game Monopoly has been around since 1935. Everyone has heard of it, most of us have played it. As per the recommended age level from the makers of the game, children as young as 8 years old have been learning the game of building wealth through property for generations. And to refresh Read More

1 May 2020

Mortgages to the Power of 30 – How You Can be Better Off With a Higher Rate

Posted by: Todd Skene, MBA

Dominion Lending Centres - Accredited Mortgage Professional

Every now and then markets remind us why some times cash is king. Setting up your mortgage with a 30 year amortization that reduces your monthly cash outflow is a powerful and beneficial financial strategy that can increase your overall wealth, despite often having a higher interest rate than a 25 year amortization. Yes this Read More

9 Apr 2020

The Math on Mortgage Deferrals

Posted by: Todd Skene, MBA

Dominion Lending Centres - Accredited Mortgage Professional

The Real Costs. The Facts. The Myths. There are opinions and articles circulating that say taking the 6 month mortgage deferral option could result in your payments increasing by $800 a month at the end of the deferral period. This is just not so. You’ve probably also heard that lenders will charge interest on top Read More

6 Mar 2020

Addbacks and Offsets: Qualifying for Rental Investments

Posted by: Todd Skene, MBA

Dominion Lending Centres - Accredited Mortgage Professional

It may sound like we’re talking about football formations here, but if you are considering the purchase of a rental property or already own a rental property, knowing about addbacks and offsets is an important concept to understand when qualifying for your next mortgage. Addbacks and offsets are two different methods for accounting for the Read More

29 Aug 2019

Mortgage Strategies: Take Me Out to the Ball Game!

Posted by: Todd Skene, MBA

Dominion Lending Centres - Accredited Mortgage Professional

While most people start off their mortgage search by going after the lowest rate, what they are really after is the mortgage with the lowest cost. Then again, the majority of borrowers in Canada end up with a mortgage that is not the lowest rate nor the lowest cost. Strike 1! Whether borrowers realize it Read More

6 Aug 2019

Mortgages are like coffee

Posted by: Todd Skene, MBA

Dominion Lending Centres - Accredited Mortgage Professional

The most common question we get for mortgages is “what is your best rate?” Now imagine we walked into our local coffee shop and asked “what is your best price?” Doesn’t happen. There are all kinds of different coffees and lots of ways to make them. The same goes for mortgages. Getting a coffee at Read More

30 Jul 2019

Credit Reports: You’ve Scored! But Are You Playing the Game?

Posted by: Todd Skene, MBA

Dominion Lending Centres - Accredited Mortgage Professional

For most people, your personal credit score and how a credit score is calculated are complete mysteries. How can you be expected to play and be successful if you aren’t even told the rules of the game? There are things borrowers can do to improve their score so they can access better mortgage products and 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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