News

6 Jun 2019

Which mortgage lender is best for you?

Posted by: Chris Cabel

Dominion Lending Centres - Accredited Mortgage Professional

The following is a summary of the choices available for clients when looking at the four different types of lending groups. So what exactly is a lender? By simple definition, a mortgage lender provides financing for a real estate purchase hence the word lend. Which lender is best for you will all depend on who Read More

5 Jun 2019

Home Buyers’ Plan

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

The Home Buyers’ Plan is a Canada wide program that allows individuals to withdraw a certain amount from their Registered Retirement Savings Plans (RRSPs) for the purposes of qualifying for a home or if you are planning to help a related person who may have a disability. Currently, the maximum amount an individual can withdraw Read More

4 Jun 2019

Credit Cards for the Credit Challenged

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

If you want to buy a home and don’t have a bucket load of cash – you are going to need a mortgage. In order to get a mortgage, you are going to need credit… When you get a mortgage, banks lend you “their” money and secure the loan against the property you are buying.  Read More

31 May 2019

Debt: To consolidate or not to consolidate? That is the question

Posted by: Andrea Twizell

HomeEquity Bank - National Partnership Director, Mortgage Brokers

If you are a Canadian living in debt, you are not alone. According to Statistics Canada, household debt grew faster than income last year, with Canadians owing $1.79 for every dollar of household disposable income to debt(1). • Canadian households use almost 15% of income for debt re-payment(1). • 7.3% of this re-payment goes towards Read More

30 May 2019

The predatory lending surge is here

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

As we’ve been reporting for months on our North East blog, instead of protecting many homeowners, the federal government’s restrictive mortgage rules are pushing people out of the safe mortgage market, and into the arms of secondary lenders. By pushing people to the alternative lending market, they’re being pushed away from the safe harbour of Read More

29 May 2019

Bank of Canada Maintains Overnight Rate at 1-3/4%

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In a terse statement, the Bank of Canada maintained its benchmark overnight rate for the fifth consecutive meeting and stated that economy was performing in line with the projections in the Bank’s April Monetary Policy Report (MPR). Following a slowdown in economic activity late last year and in the first quarter of this year, the Read More

29 May 2019

Reverse Mortgages – Trending Now

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

With approximately 1,000 people retiring every day in Canada, it’s not surprising that there has been an increased demand for Reverse Mortgages. A Reverse Mortgage can assist people aged 55+ to realize their dreams in retirement. Whether they want to travel, help their kids or grand kids or even just supplement their monthly income, a Read More

28 May 2019

6 ways to get a down payment

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

When is it time to think about saving for a down payment? I would say about a year before you think about buying a home. While that’s ideal in today’s world, we often do not have much time to save for a down payment. Sometimes your landlord is planning on retiring and wants to sell Read More

24 May 2019

3 things you may not know about cash-back mortgages

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

About twice a year, one of the big Canadian banks likes to run an advertising campaign for their cash back mortgages. These are mortgages usually with 5 year terms where you receive a certain percentage back in cash. The percentage varies from 1% to 5% in most cases. You can use these funds to build Read More

23 May 2019

What is a mortgage broker?

Posted by: Kevin Carlson

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

You may have noticed that there are many different terms for those of us who work in the mortgage industry besides “broker”. Mortgage: specialist, expert, advisor, associate, officer, etc. I just want to clear up some potential confusion with all these monikers. There are 2 main categories that these fall in to. Those that work 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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