News

12 Sep 2019

Helping families one at a time

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Every once in a while you get to help people out and make a real difference in their lives. Recently a couple was referred to me who wanted to renew their mortgage. The bank that they had been dealing with for over 20 years had offered them a 5 year fixed rate that was more Read More

10 Sep 2019

First Time Home Buyers Incentive Program

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

The new First Time Home Buyer Incentive program from CMHC (Canadian Mortgage and Housing Corporation) was officially released on September 2. This program was met with mixed reactions across the mortgage industry, but we wanted to take a minute to give you the facts regarding the program. Below are the key points you need to Read More

6 Sep 2019

Canadian Jobs Surge Following a Three-Month Slowdown

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Bank of Canada’s reticence to signal coming rate cuts has been vindicated by the rebounding jobs report released today for August. Following a strong posting for real GDP growth in the second quarter, Canadian job growth surprised on the upside with a gain of 81,100 in August. The August job gains were one of Read More

5 Sep 2019

4 Ways to Make the Mortgage Process Smoother

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Mortgages are complicated—we get it! But there are steps that you as a homebuyer can take to make the process a much smoother one (plus let you walk away with the sharpest rate!) 1. Use a Broker This should be the first step you take when getting a mortgage! Enlisting a trusted broker to work Read More

4 Sep 2019

Bank of Canada Holds Overnight Rate Steady Amid Uncertainty

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Bank of Canada held the target overnight rate at steady at 1.75% for the seventh consecutive decision date but will monitor closely the impact of the US-China trade war on economic activity around the world and in Canada. The second-quarter growth–posted at 3.7%–exceeded the Bank’s forecast in the July Monetary Policy Report (MPR), but Read More

3 Sep 2019

Rent-To-Own Explained

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

In some markets, it can take a long time to sell a property. An option available to some sellers is the Rent-to-Own sales method. If you have someone interested in purchasing your property but they can’t obtain a mortgage either because they don’t have a down payment saved or their credit score is too low, 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

27 Aug 2019

Need an Appraisal – 7½ Tips for Success

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Do you need to get a current value of your property? Then you are going to need an appraisal. Banks and other lending institutions want to know the “current” market value of your home before they consider loaning money on the property. An appraiser checks the general condition of your home and compares your home Read More

22 Aug 2019

Stress Test Rate & Recent Decrease

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Currently, all borrowers in Canada need to qualify for a new mortgage at the current Bank of Canada Benchmark Qualifying Rate or at their approved mortgage interest rate plus 2.0%, whichever is higher. For more than a year, this Bank of Canada Benchmark Qualifying Rate has been 5.34%. Now, for the first time in 3-years, Read More

20 Aug 2019

Raise your credit score in 3 months

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

While people often think of mortgage brokers when they are first time home buyers, we can help people in a variety of different ways. Recently Garrett LaBarre of Calvert Home Mortgages in Calgary shared a success story with brokers. He had a client referred to him by a mortgage broker who had a conundrum. She 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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