News

6 Mar 2019

Bank of Canada Reduces Prospects of a Rate Hike

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In a very dovish statement, the Bank of Canada acknowledged this morning that the slowdown in the Canadian economy has been deeper and more broadly based than it had expected earlier this year. The Bank had forecast weak exports and investment in the energy sector and a decline in consumer spending in the oil-producing provinces Read More

6 Mar 2019

Zero Down Payment Mortgage–Does it Exist?

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Did you know that you can buy a home with ZERO down payment?? If a home purchase is your goal this year but you aren’t able to save up enough of a down payment, you may qualify for a low or zero down payment mortgage. One of our Lenders is offering a great zero down Read More

5 Mar 2019

Brokers make a Difference

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

While many people will go to their bank to obtain a mortgage or line of credit, they often feel betrayed by their favourite bank if their application is rejected. One big advantage that we have over banks is that we can send underwriter notes along with the application. Our questions and speaking at length with Read More

1 Mar 2019

Canadian Economy Hits a Major PotHole in Q4

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

This morning, Stats Canada released disappointing figures showing that the economy barely grew in the final quarter of last year. Weakness in the oil sector was expected, but the downturn went well beyond the energy sector and bodes ill for a return to healthy growth this year. The country’s economy grew by just 0.1% in Read More

1 Mar 2019

Renovating? Consider a Refinance Plus Improvements

Posted by: Nathan Lawrence

Dominion Lending Centres - Accredited Mortgage Professional

Let’s take a closer look at how a Refinance Plus Improvements mortgage can get you the extra cash you need to get your renovations completed. The Standard Refinance An everyday refinance allows the home owner to access up to 80% of the fair market value of the home. The value is typically determined by a Read More

28 Feb 2019

Qualified to make sure you qualify – Our House Magazine

Posted by: Jeremy Deutsch

Communications Advisor

If you need open-heart surgery, you want to be sure the doctor in the operating room knows what they’re doing. You want to know they’ve got the professional education, skills and experience to carry out the life-saving procedure. You would expect nothing less from the person handling the biggest financial decision of your life – Read More

27 Feb 2019

JIDD Happens

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

You may have heard people say “s@@t happens. In the mortgage broker world, JIDD happens. These are unexpected events that can turn a happy homeowners’ life upside down. JIDD consists of: Job Loss – often unexpected and with no time to save for emergencies, things get ugly pretty quick. E.I. payments can run out leaving Read More

26 Feb 2019

Transfers and Switches

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Transfer/Switches are when you opt to transfer your mortgage to a new lender in order to take advantage of a lower rate. A transfer/switch does not include additional money to the existing mortgage balance owing, your mortgage amount will remain the same, however lenders will allow you to increase the mortgage up to $3,000 to Read More

22 Feb 2019

Minimum Down Payments

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Are you looking for that new dream home, or anything that will get you out of your current rental property so you can officially become a homeowner? If so, what is the minimum amount you are required to put down? Below are three different purchase price categories. Each one has their own minimum down payment Read More

21 Feb 2019

5 Reasons Why You Don’t Qualify for a Mortgage

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

It’s not just because of finances. As a mortgage broker I receive calls from people who want to know how to qualify for a mortgage. Most of the time it comes down to finances but there are other reasons as well. Here are the 5 most common reasons why your home mortgage loan application could 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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