News

19 Jul 2018

Porting a Mortgage?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Porting a mortgage is something similar to transferring a mortgage. Transfers are when you move your current mortgage to a different lender in order to take advantage of different interest rates or mortgage products. Porting a mortgage is when you keep your lender, but move your mortgage to a different property. Now, not every lender Read More

18 Jul 2018

Remodeling Your Home This Summer

Posted by: Max Omar

Dominion Lending Centres - Accredited Mortgage Professional

With most of the summer still ahead, it seems like the best time for rest and relaxation. Or… it could mean the perfect opportunity to make those changes around the house that they have been waiting to do since the Spring! A renovation or remodel on your home could mean excellent returns on your investment. Read More

17 Jul 2018

Rising Interest Rates and the Impact on Real Estate Values

Posted by: Allan Jensen

Dominion Lending Centres - Accredited Mortgage Professional

Rising Interest Rates and the Impact on Real Estate Values. Is there a direct connection? In a post entitled Interest Rates and Property Values. What’s the Connection?, I suggested that there was. An example was given which suggested that mortgage lenders would be directly impacted by a rise in rates, as their underwriting parameters, most Read More

16 Jul 2018

First Monthly Canadian Home Sales Gain This Year In June

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

National home sales rose by 4.1% in June compared to May, the first such rise this year. Even so, June’s sales activity remains well below the monthly pace of the past five years (see chart). The sales gains were led by the Greater Toronto Area (GTA) as 60% of all local housing markets reported increased Read More

16 Jul 2018

Rate Holds Explained

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Have you ever heard of the term rate hold? If you have ever worked with a mortgage broker, chances are, you have! Rate holds are something that the majority of lenders offer to potential clients purchasing a new home who need a mortgage. Rate holds are generally not given out for people refinancing their mortgage Read More

13 Jul 2018

10 SECRET “To-Do’s” After you file Consumer Proposal or Bankruptcy

Posted by: Kiki Berg

Dominion Lending Centres - Accredited Mortgage Professional

Many people go through challenges in life that affect their finances. Divorce, job loss, health issues top the most common reasons. I commend you on getting your finances sorted out and back on track. The moment you FILE that consumer proposal or bankruptcy is the time to start rebuilding your credit history. YES, there are Read More

12 Jul 2018

Delivering Fashion-Our House Magazine

Posted by: Jeremy Deutsch

Communications Advisor

We all know food trucks are now a staple in the diet of any big city. They’ve revolutionized how many of us eat and they’ve put brick and mortar restaurants on notice. So, could the business model work for another favourite pastime: shopping? Ashley Mitobe is the owner and operator of Fashiontruck Canada, one of Read More

11 Jul 2018

Poloz Opens The Door For More Rate Hikes

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

As expected, the Bank of Canada hiked its key overnight rate this morning by 25 basis points to 1.5%. What wasn’t expected was the hawkish tone of the press release which brushed aside the threat of greater protectionism, instead emphasizing the need for higher interest rates to keep inflation near its target. In today’s Monetary Read More

11 Jul 2018

Construction Mortgages

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

In case you didn’t know, construction mortgages are available through mortgage brokers! Even though the options for lenders are slim, it can still be accomplished. Unlike regular purchase mortgages where the funds are released on closing, the funds for construction mortgages are released in stages. With typically 15-month construction periods, here are the following advances: Read More

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

  • 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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