Blog Posts

26 Aug 2015

That “Discounted Rate” May Not Be So Discounted, After All

Posted by: Daniel Lewczuk

Dominion Lending Centres - Accredited Mortgage Professional

Not long ago, someone contacted us wishing to refinance their mortgage. They presently held a mortgage from one of the big banks. When this homeowner originally obtained her mortgage, the bank offered her a discounted rate of 2.99%. It matured in July of 2016, however, when they contacted us at Dominion Lending Centres, they wanted Read More

25 Aug 2015

Coming Out On Top – Improve Your Chances and Reduce Your Stress In a Multiple Offer Situation

Posted by: Alisa and Jorge Aragon

Dominion Lending Centres - Accredited Mortgage Professional

Whether you are a first time buyer, looking at buying a bigger house or downsizing, if you are looking at buying an investment property it is important to be prepared. This spring a sellers’ market is in full swing, which is more noticeable in certain areas of the Lower Mainland. With historically low interest rates, Read More

24 Aug 2015

The 10 Don’ts of Mortgage Closing

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Okay, so here we are… we have worked together to secure financing for your mortgage. You are getting a great rate, favourable terms that meet your mortgage goals, the lender is satisfied with all the supporting documents, we are broker complete, and the only thing left to do is wait for the day the lawyers Read More

21 Aug 2015

Beware Of Early Discharge Penalties!

Posted by: Anne Martin

Dominion Lending Centres - Accredited Mortgage Professional

Have you ever needed to get out of your mortgage before the maturity date? It can be a confusing and surprising experience. Don’t forget that your mortgage is a legal contract, therefore, like most contracts it is expected that it would cost you something to break it. The lending institution will have two options to Read More

20 Aug 2015

The Devil Is In Five of the Details

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

I have something shocking to tell you. Mortgage brokers are human. Gasp!! But wait, so are lawyers, lenders, legal assistants and everyone else who is involved with your mortgage transaction. Why do I choose to draw attention to this and ruin your day you ask? It is so you will have a checklist of the Read More

19 Aug 2015

An Interesting Move Regarding Rental Property Financing

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

For those looking to purchase rental properties, the minimum down payment has historically been at 20% for some time, and so it remains. In years gone by, this down payment money had to be proven to have originated from the buyers own resources, it could not be gifted. In the case of an owner occupied Read More

18 Aug 2015

17 Aug 2015

Purchase Plus Improvements

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

With 80% loan-to-value being the maximum you are now able to refinance your property, property for values increasing at a slower rate, and 25 years being the maximum amortization on high ratio deals, it’s not as easy as it once was to simply refinance and pull some money out of a home when it’s time Read More

14 Aug 2015

Who does your banker work for?

Posted by: Jason Humeniuk

Dominion Lending Centres - Accredited Mortgage Professional

It may seem an odd question with a very obvious answer but you would be surprised how few people consider this question when approaching their bank for mortgage advice. When you deal with a bank employee or a mobile mortgage representative (also a bank employee), you need to know that their primary responsibility is to Read More

13 Aug 2015

Have You Considered Purchasing a Property with a Secondary Suite?

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

The Canadian Mortgage and Housing Corporation (CMHC) recently announced that in order to facilitate affordable housing choices for Canadians, it would be making some policy revisions on how they consider income derived from secondary suites. Considering the last 4 years have been nothing but tightening of rules, making it harder for Canadians to secure mortgage financing, this 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.
    Learn More
  • 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