Blog Posts

9 Jul 2018

It’s all about the property

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

With all of the rule changes imposed by the federal and provincial governments around mortgage financing and real estate it may be more difficult to access financing. But don’t take it personally – sometimes it’s not you it’s the property. When lenders underwrite your application for approval they look at you as a borrower but Read More

6 Jul 2018

What is the difference between a Mortgage Broker and a Mortgage Specialist

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

With the importance of real estate in Canada, it is vital to understand how the various professionals in the sector operate when buying a home. Sooooooo… what is the difference between a Mortgage Specialist & a Mortgage Broker? At the surface they sound the same • They both arrange mortgages • They both can offer Read More

5 Jul 2018

All About Pre-Approvals

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

Are you in the market for a new home? That’s great – but if you’re not already pre-approved from your mortgage broker, be sure to read on. Pre-approvals are very important for two reasons. They give you confidence in knowing that a specific amount of financing is available for you. A pre-approval can put you 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

21 Jun 2018

5 Tips on how to get out of debt and into your own home

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

To get out of debt, you need a plan and you need to execute that plan. That’s why I’ve created this simple, five-step, get-out-of-debt checklist that can help you leave that financial burden behind you. As you work on your plan, you’ll need to make all necessary adjustments to your budget along the way so 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

19 Jun 2018

18 Jun 2018

The Spring Housing Market Continues To Be Weak

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

As we said last month, April is usually the start of a spring housing market ramp-up, but this year the new mortgage stress test and rising mortgage rates have continued to be a negative factor. Those expecting an early-stage pick-up marking an end to the payback for sales pulled forward into the fourth quarter of Read More

18 Jun 2018

Debt Service Ability. A renewed lender focus

Posted by: Allan Jensen

Dominion Lending Centres - Accredited Mortgage Professional

Debt Service Ability. A renewed lender focus it seems.  As interest rates firm, valuations are impacted, and cap rates begin to firm. What about Debt Service Ability? It is becoming more apparent that property income, and more specifically net operating income available to service debt, has a significant and growing influence on the amount of Read More

14 Jun 2018

Don’t Forget the Closing Costs When You Purchase a Home

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

The purchase price you negotiate when buying or selling a home is just one part of the total cost for buying a home. In addition to the purchase price there are several other fees – known as closing costs – all of which you need to factor in to your purchase price. Closing costs tend 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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