News

6 Mar 2018

Making Smarter Down Payments

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Mortgage Insurance Premiums. Many people know what they are- an extra cost to you the borrower. But not many people realize how they are calculated. Understanding the premium charges and how they are calculated will help lead you to making smarter down payments. 5%- 9.99% down payment of a purchase price is a 4% premium Read More

5 Mar 2018

Need a commercial mortgage?

Posted by: Pierre Pequegnat

Dominion Lending Centres - Principal Broker

If you’re an entrepreneur, business person or commercial investor then you probably have or need a commercial mortgage. Where should you start? Do you call your bank, or do you call a commercial mortgage broker? I recommend you call your bank. Yes, that’s right; I’m a commercial mortgage broker and I am telling you to Read More

2 Mar 2018

2 Mar 2018

Tips for your variable rate mortgage that could save you thousands

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

With changes to mortgage rules and interest rates on the rise here are some tips for your variable rate mortgage that could save you thousands. Since 2009 the prime lending rate has shifted from a high of 6% down to 2% range remaining fairly level for the past few years before rising to a present Read More

1 Mar 2018

4 Signs You’re Ready For Homeownership

Posted by: Shaun Serafini

Dominion Lending Centres - Accredited Mortgage Professional

While most people know the main things they need to buy a home, such as stable employment and enough money for a down payment, there are a few other factors that may help you realize you’re ready, perhaps even earlier than you thought! As a mortgage broker, it is my job to ensure that each Read More

28 Feb 2018

Fixed versus variable interest rates

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Fixed Interest Rates This is usually the more popular choice for clients when it comes to deciding on which type of interest rate they want. There are many reasons why, but the most unsurprising answer is always safety. With a fixed interest rate, you know exactly what you are paying every month and you know that Read More

27 Feb 2018

The Activist Budget—There Is No Problem This Government Cannot Fix

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Patting himself on the back, the Finance Minister opened his speech by reminding us that “a little over two years ago…Canadians had the opportunity to stay the course. They could stick with a Government that favoured cuts and a set of failed policies that produced stubborn unemployment and the worst decade of economic growth since Read More

27 Feb 2018

How the mortgage industry became green

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

When I started working as a broker in 2005, the mortgage industry and the financial industry in general weren’t very eco-friendly. Let’s face it. When someone buys a home, there’s a paper trail. Starting with the mortgage pre-approval which can run four pages,  the Offer to Purchase, which is another 12 pages, income documents, notices Read More

26 Feb 2018

What is a Collateral Mortgage?

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

A collateral mortgage is a way of registering your mortgage on title. This type of registration is sometimes used by banks and credit unions. Monoline lenders, on the other hand, rarely register your mortgage as a collateral charge – which is an all-indebtedness charge that allows you to access the equity in the home over Read More

23 Feb 2018

6 Reasons To Get A Home Inspection Before You Buy

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

In an active housing market sometimes buyers are urged by their realtors to make an offer with no conditions. As a mortgage broker this always makes my heart skip a beat. I know from experience that financing can go sideways and you need to be sure it’s in place before removing conditions. Another item that 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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