News

9 Oct 2018

Cash Back and Decorating Allowances on New Build or Pre-sale Purchases

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

As the market shifts, developers will increase their incentives to buyers with cash back and decorating allowances on new build or pre-sale purchases. It is very important to review those options with your real estate agent representative and vital to consult with your Dominion Lending Centres mortgage broker. Although these offers may seem attractive, they Read More

5 Oct 2018

What should come first, the house or the car?

Posted by: Lynn Nequest

Dominion Lending Centres - Accredited Mortgage Professional

So you just got a shiny new car, and now you want a shiny new home to go with it. Will that new car payment affect your mortgage pre- approval? The short answer… absolutely it will. Recently, I have encountered many people looking to pre-approve for a home purchase that do not qualify. While it Read More

4 Oct 2018

Mortgage Insurance 101

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

For a first-time home buyer, the types of insurance surrounding a mortgage can be confusing, so it’s important to know what insurance covers what. There are 3 main types of insurance to know about when buying a home. Mortgage Default Insurance – If you put less than 20% down on a home you are buying, Read More

3 Oct 2018

What To Look For In A Mortgage Broker

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Are you on the hunt for a mortgage broker? Or you need a mortgage broker but just don’t know it yet! Either way, this article is for you! First up, where do you find a Mortgage Broker? The easiest (and one of the best places to start) is with referrals from a realtor, family, friends, Read More

2 Oct 2018

The Pros and Cons of Co-Signing for a Mortgage

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

If you keep up on the news you know that qualifying for a mortgage is getting tougher and tougher. Someone who would have sailed through the application process 10 years ago could find themselves declined for a mortgage today. Often I find applicants can afford the monthly payments but they can’t prove that their income Read More

21 Sep 2018

Rent, Own, or Do Both?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

There are generally three different situations you can find yourself in when it comes to living situations; living with parents, renting, or owning. A lot of the times the first decision someone will need to make is whether they buy a home to live in, buy a home to rent to someone else, or buy Read More

20 Sep 2018

A CHIP Success Story

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

A few years ago, I met with my Home Equity Bank representative. He was trying to encourage me to go visit my financial adviser referral partners to offer the Chip Reverse Mortgage product. I explained that I did not know anyone who had a reverse mortgage so it was hard to promote to financial advisers Read More

19 Sep 2018

First Time Mortgages: Expectations Vs. Reality

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

First-time homebuyers are one of our favourite clients! It’s great to work alongside them and teach them the in’s and out’s about real estate, owning a home, and helping them cross “homeownership” off their bucket list. One thing that we find though, their expectations are often not aligned with reality. We are always honest with Read More

18 Sep 2018

HGTV’s original boss babe – Sandra Rinomato

Posted by: Jeremy Deutsch

Communications Advisor

After taking a turn as the host of Property Virgins and Buy Herself, Sandra Rinomato has come full circle putting her efforts back into Toronto area real estate. Sandra Rinomato fell into a career in real estate almost by accident. It was the mid-90s, and the future TV star was considering opening up a coffee Read More

17 Sep 2018

Four-Month Home Sales Gain Despite Weak B.C. Markets

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Canadian housing market showed continued signs of stabilizing last month with sales edging upward and prices easing a bit. National home sales increased 0.9% in August, the fourth consecutive monthly gain. Sales in Toronto advanced 2.2% while they rose 2.9% in Vancouver. Nevertheless, the pace of sales activity remains below levels in most other 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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