News

10 Jul 2017

Rate Increases and your ARM vs VRM

Posted by: Len Lane

Dominion Lending Centres - Accredited Mortgage Professional

Some of you are going to ask what is a ARM and VRM? These two acronyms are mortgage speak for adjustable rate mortgage and variable rate mortgage. These two mortgage products are both based on the prime rate of interest, in most cases this is 2.70% at the bank. TD chose to be higher by Read More

7 Jul 2017

Continued Strength in Canadian Employment Report For June

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The June jobs data blew past expectations, all but insuring that the Bank of Canada will hike interest rates by a quarter point next week–the first rate hike in seven years. Market rates have already risen in expectation and the Royal Bank has boosted interest rates on its two-year, three-year and five-year fixed-term mortgage rates Read More

7 Jul 2017

Getting help from mom and dad

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

Parents are always worried about something with their children, and where they are going to live and how they are going to afford it is no exception. The bank of mom and dad is a common source of down payment for their children, and the strategy continues to grow with the significant rise in prices Read More

6 Jul 2017

But I’m Only a Co-signor!

Posted by: Sean Binkley

Dominion Lending Centres - Accredited Mortgage Professional

You have a family member that doesn’t qualify for a mortgage on their own and needs a co-signor. Since you’re a nice person, and of course would like to see your son/daughter/parent/sibling in a better position, you agree to co-sign for the mortgage. If I had a dollar for anytime I’ve heard the phrase “but Read More

5 Jul 2017

5 ways to boost your financial fitness

Posted by: Marc Shendale

Genworth Canada - Vice President Business Development

Thinking about buying your first home? The race to home ownership is more like a marathon than a sprint: diligent planning, pacing and strategy are the keys to success. Are you ready to approach the starting line? Here are five ways to shape up and boost your financial fitness so you’re set for success. 1. Read More

23 Jun 2017

Welcome to Canada-Buying a home in Canada is a big step

Posted by: Alison Lopes

Dominion Lending Centres - Accredited Mortgage Professional

Oh Canada; Our home and Native Land. The land of opportunity. You’ve arrived in a new country with hopes and dreams. If you’re an immigrant like me, one of these dreams is to own a home, and what better way to put down roots. The first thing you want to do is open a bank Read More

22 Jun 2017

Perfume for peace-Our House Spring 2017

Posted by: Jeremy Deutsch

Communications Advisor

The following is from the Spring issue of Dominion Lending Centres’ Our House Magazine. A Halifax-based entrepreneur runs her flourishing fragrance business from home From her home in Halifax, N.S., Barb Stegemann could be on the phone with a supplier halfway around the world and have her daughter’s favourite casserole in the oven at the Read More

20 Jun 2017

Keeping your economic future on the right path

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

Most working Canadians have an income range in the middle class. This income class includes teachers, firefighters, plumbers, engineers, nurses, construction managers and chefs – workers from across the economic spectrum. They provide and consume the bulk of services that keep society afloat, driving economic growth and investment with every purchase. The middle class also Read More

19 Jun 2017

Are you looking for a mortgage as if it were a commodity?

Posted by: Len Lane

Dominion Lending Centres - Accredited Mortgage Professional

I’ve heard brokers say more than once that mortgages are a commodity, by definition a commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. That doesn’t sound like mortgages to me. While the core product is always the same, money lent that is secured by real Read More

16 Jun 2017

Closing Bonuses Aren’t Real Bonuses

Posted by: Sean Binkley

Dominion Lending Centres - Accredited Mortgage Professional

You’ve seen the real estate shows that dramatize the buying of a home and the star TV Realtor says “hey, let’s offer this price and have them pay you a $5,000 closing cost bonus”. Or, the real estate listing that offers a “decorating bonus of $3,500”. In both examples, the vendor (seller) is offering additional Read More

  • Residential Mortgages

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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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