15 Nov 2018

Pre-Approved for Your Mortgage… What Does that Really Mean?

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

There is a myth out there that once you’re pre-approved for a mortgage, you’re good to go out and buy a home… with a no subject offer… DON’T do it! A pre-approval means that based on being able to PROVE (through documentation) your CURRENT income, expenses, down payment and credit bureau you SHOULD be able Read More

14 Nov 2018

Growing cannabis at home? Let’s weed through those mortgage issues!

Posted by: Chris Cabel

Dominion Lending Centres - Accredited Mortgage Professional

As many of you already know, Canada just became the second country in the world to legalize marijuana for medical and recreational purposes. Of course, this historic moment in Canadian history has cannabis activists jumping for joy while others are not s-toked on the idea. With legalization comes the realities of growing your own pot Read More

9 Nov 2018

Why I Remember

Posted by: Jeremy Deutsch

Communications Advisor

As a community newspaper reporter for a decade around B.C., I covered a lot of stories. I probably wrote thousands of pieces during my career. And the range was as wide as you’d expect in cities with thousands of people. They could be interesting, fun, and in some cases, heart wrenching. You get it all Read More

8 Nov 2018

How to Get a FREE Copy of Your Credit Bureau

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Think of your credit score as a report card on how you’ve handled your finances in the past. A credit score is a number that lenders use to determine the risk of lending money to a given borrower. There is always someone willing to lend you money however, higher risk = higher rates! Step 1 Read More

7 Nov 2018

Why can’t you port your mortgage?

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

Policies are always changing, and when you port a mortgage, a FULL application must be approved and completely underwritten with full, credit, income, property and policy review. It’s a mistake to believe that just because you already had a mortgage, you will easily get a new one. Policies and rates are changing rapidly and you Read More

6 Nov 2018

No need to panic after rate increase

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

  You may have already seen the more technical BANK OF CANADA RATE ANNOUNCEMENT on October 24th, or you may not have. The Coles Notes (the simplest version) are as such: Global economy remains strong, the USMCA will reduce trading uncertainty Canadian economy is balanced for the foreseeable 2 years Household spending will increase, but Read More

2 Nov 2018

Canadian Jobless Rate Fell To 40-Year Lows

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Canada posted moderate employment gains as the unemployment rate dipped once again to historically low levels, which was the result of fewer people look for work. Despite very tight labour markets and rising job vacancy rates, wage growth weakened in October. Statistics Canada released data today that showed a moderate 11.2k gain in employment, but Read More

2 Nov 2018

A guide to your Home Buyers’ Plan

Posted by: Karen Penner

Dominion Lending Centres - Accredited Mortgage Professional

Start at the beginning… Registered Retirement Savings Plan = one of the best ways to save for retirement and your down payment and continuing your education. With an RRSP, your contributions reduce your taxable income. This is different from your TFSA (Tax Free Savings Account) which does not reduce your taxable income, but it does Read More

1 Nov 2018

Documents you need for your mortgage pre-approval

Posted by: Kiki Berg

Dominion Lending Centres - Accredited Mortgage Professional

Being fully pre-approved means that the lender has agreed to have you as a client (you have a pre-approval certificate) and the mortgage broker has reviewed and approved ALL your income and down payment documents (as listed below) prior to you going house hunting. Many bankers will say you’re approved; you go out shopping and Read More

31 Oct 2018

Growing marijuana and selling your home

Posted by: Kevin Carlson

Dominion Lending Centres - Accredited Mortgage Professional DLC The Mortgage Firm based in Regina, SK

There is quite a bit of information being passed around about growing marijuana in your home that could or will  prevent the sale of your property down the road. CMHC is Canada’s federally owned mortgage insurer. As of October 25, 2018, their stance on homes that were former grow operations has not changed and reads as 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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    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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