News

12 Jan 2016

Now Is The Time To Get Aggressive

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

The great majority of us are in mortgage contracts that contain a prepayment privilege of some sort. “Privilege” being the key word here. Not all mortgage contracts contain such privileges, but that’s a story for another day. The mortgages that do allow prepayment privileges, usually allow at least 15% of your mortgage to be paid down, Read More

11 Jan 2016

The Big Short – Not a Canadian Story

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

The Big Short – An American film about American finance. Many Canadians, particularly those in Vancouver and Toronto where real estate is spoken of like a sport, will gravitate to the film The Big Short over the coming weeks. It is an adaptation of an excellent book written in 2010 by Michael Lewis. As a Read More

8 Jan 2016

U.S. Job Strength Vindicates Fed Rate Hike, But Canada Still Weak

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Once again, the Canadian economy showed signs of struggle as the December jobs report showed gains only in Ontario, while jobs were flat or down in every other province. In marked contrast, payrolls in the U.S. rose more than projected as the unemployment rate remained at a low 5%. U.S. strength vindicated the Fed’s recent Read More

4 Jan 2016

Dominion Lending Centres Acquires Mortgage Architects

Posted by: Dave Teixeira

VP Marketing, Public Relations and Communications

DLC Group of Companies Now the Largest Mortgage Originator in all of Canada Vancouver, BC – Dominion Lending Centres (DLC), Canada’s top mortgage company, is proud to announce its acquisition of Mortgage Architects, a leader in the Canadian mortgage space. DLC will keep all three of its brands (Dominion Lending Centres; Mortgage Centre Canada; Mortgage Read More

18 Dec 2015

Do You Know About the First Time Home Buyers Tax Credit?

Posted by: Jordan Thomson

Dominion Lending Centres - Accredited Mortgage Professional

Buying your first home is often the largest financial commitment you will have made and just coming up with the down payment is a difficult task for many! Then there are the legal fees, property transfer fees, disbursements and all those other costs that can really add up, creating a huge dent in your finances! Read More

17 Dec 2015

Co-Signor or Guarantor For a Mortgage?

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

If a buyer can’t obtain a mortgage due to poor credit, employment history, lack of down payment or income — most lenders will consider lending if there is someone to act as co-signor or guarantor for a mortgage. The two options provide different requirements. Co-signer or guarantor for a mortgage, which is best? People often Read More

16 Dec 2015

The U.S. Fed Finally Did It – Hiked Rates

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

For the first time in nine years, the U.S. Federal Reserve hiked their key policy rate–the overnight federal funds rate–by one-quarter percentage point (25 basis points) to a range of 1/4 to 1/2 percent. The policy-making Federal Open Market Committee (FOMC) said that the stance of monetary policy remains accommodative, thereby supporting further improvement in Read More

16 Dec 2015

This vs That – Volume 3

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Trilogy is a set of three works of art that are connected and that can be seen as a single work of art or as three individual pieces. I pulled this definition from WIKIPEDIA. I wouldn’t quite go as far to say this series was ‘work of art,’ the only thing I did find comparable Read More

15 Dec 2015

Where Are Mortgage Rates Headed?

Posted by: Kevin Bay

Dominion Lending Centres - Accredited Mortgage Professional

We have finally seen a bump up in interest rates. The 5 year government bond rate hit a low of about .60 in mid-September and is now pushing towards 1%. The lenders have reacted to this and we have seen the low rates of 2.59% on the 5 year fixed rate disappear. Some banks have Read More

14 Dec 2015

Changes To Down Payment Requirements Coming February 15, 2016

Posted by: Mark Alltree

Dominion Lending Centres - Accredited Mortgage Professional

On Friday, Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above $500,000. The five per cent minimum down payment for properties up to $500,000 remains 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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