News

29 Apr 2016

What a Month for Bullying Ends Here!

Posted by: Tad Milmine

Founder, Bullying Ends Here

Hello again my Friends. Always a pleasure to update you on the happenings of Bullying Ends Here. The last month has really been focused on presentations and the outreach to our youth. The emails continue to come in and compliments made. The opportunities continue to grow for us as well. As always, there is much Read More

28 Apr 2016

First Time Home Buyers – Planning and Negotiations Will Save You Time and Money

Posted by: Gurcharan Singh

Dominion Lending Centres - Accredited Mortgage Professional

Every mortgage is unique. Would the advertised/online RATE work for everybody? It’s hard to say, until your documents fulfill all the conditions for that rate. Sometimes there are challenges to getting the approval of the mortgage. Dominion Lending Centres mortgage professionals try their best to find solutions to those challenges because they have a business Read More

27 Apr 2016

Renovating May Make More Sense Than Buying

Posted by: Alisa Aragon

Dominion Lending Centres - Accredited Mortgage Professional

If you’re finding your family has grown out of your current home or your house could use a makeover to better fit your changing needs, renovating is a great option to examine. Instead of putting your home on the selling block and heading out shopping for a new home right away, it may be worth Read More

26 Apr 2016

Dr. Sherry Cooper: Housing still within reach for first-time buyers

Posted by: Gordon Hamilton

Writer

Despite headline-grabbing stories about million-dollar houses pushing home ownership out of reach in Canada’s large cities, there’s still plenty of opportunity for first-time buyers in certain segments of the Canadian real estate market, says Dominion Lending Centres Chief Economist Sherry Cooper. Single-family home prices have been surging in cities like Toronto and Vancouver, but that’s Read More

25 Apr 2016

What Exactly Is a “Reverse Mortgage”?

Posted by: Brian Mill

Dominion Lending Centres - Accredited Mortgage Professional

Image Source: www.aag.com In a nutshell, a CHIP mortgage or “reverse” mortgage is a mortgage that is secured by the client’s principal residence and as long as one of the client’s lives in the house, it never has to be repaid, not even the interest. “CHIP” stands for “Canadian Home Income Plan” by the way; Read More

22 Apr 2016

What to Do After Your Credit Has Gone Bad

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

It is matter of fact that life can be much unexpected. Perhaps you have been hit hard by this economic downturn or maybe an illness or even just plain old mismanagement has left you with a series of late payments on your credit. No use crying over spilt milk so to speak. So, let’s look at Read More

21 Apr 2016

The True Cost of Mortgage Penalties

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

The true cost of mortgage penalties is a common concern and complaint among homeowners so it seems reasonable to review it once again. Due to the sometimes complex calculations the banks use to determine this amount – consumers have been left in the dark when trying to make a decision on whether the cost of Read More

20 Apr 2016

What’s the Cost of Laziness?

Posted by: Marie-France Lavigne

Dominion Lending Centres - Accredited Mortgage Professional

I’ve actually had clients ask me that question! The business of life often gets in the way and we don’t always do our homework when it comes to our financial obligations. Before they know it, clients start getting e-mails from their lender and their broker reminding them that it’s time to renew their mortgage… “Wow, Read More

18 Apr 2016

The Amortization Effect

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Each year from 2008 through 2010 the Federal Government reduced the maximum amortization as follows: Purchases with less than 20% down –from 40–35 years, then 35- 30 and finally 30–25 years where it remains today. Purchases with 20% or more down were cut from 40–35 years, and then from 35 – 30 (*certain lenders still Read More

15 Apr 2016

Private Mortgages Can Improve Your Financial Well-Being!

Posted by: Anne Martin

Dominion Lending Centres - Accredited Mortgage Professional

A private mortgage can improve your financial well-being and using a reputable mortgage agent/broker will advise when it is suitable for your circumstances to enter into a private mortgage. Your mortgage agent will also advise a financial action plan to refinance you down the road to return to the prime lending marketplace. Here are the 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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