News

11 Aug 2015

What Happens with Mortgage Fraud and Why You’re Not Safe

Posted by: Alisa and Jorge Aragon

Dominion Lending Centres - Accredited Mortgage Professional

Nowadays, with the amount of information that is shared on the internet and social media, identity theft and Ponzi schemes are happening regularly. Homeowners are taking the necessary steps to protect one of their largest investments, which is their home. The last thing you want to worry about is yet another way to lose your Read More

10 Aug 2015

A Pre-Approval Is Not Really a Pre-Approval

Posted by: Joe Cutura

Dominion Lending Centres - Accredited Mortgage Professional

There is a misconception out there that once you’re pre-approved, you’re good to go. A pre-approval simply means that based on your CURRENT income, expenses, down payment and credit you SHOULD be able to get fully approved once you find the right property (this is the first half of the equation). Many places won’t even pull Read More

7 Aug 2015

Canadian Jobs All Part-Time, U.S. Sees Broad-based Job Gains

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The divergence between the Canadian and U.S. economies continues as the July employment data reveal Canadian weakness and U.S. strength. The Canadian economy added 6,600 jobs last month as services-related sectors continued to offset job losses in manufacturing and natural resources. The gains reflected more self-employed and part-time work, with the number of full-time jobs Read More

7 Aug 2015

The Value of a Rate Hold

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

Securing a rate hold is like having insurance on your mortgage rate – you no longer have to worry about mortgage rates increasing while you find your new home over the next 90-120 days. And if rates drop within that same period, so too will your preapproved rate. For instance, if you obtain a 2.69% Read More

6 Aug 2015

Rent to Own

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

There seems to be a lot of confusion about what exactly a rent to own is, so let’s clarify! A rent to own is where a landlord and a tenant agree that at a certain time the tenant will purchase the home from the landlord. So is it a good idea? We have all heard Read More

5 Aug 2015

How To Prepare To Buy a Home While You Are Going To School

Posted by: Kevin Bay

Dominion Lending Centres - Accredited Mortgage Professional

Many people find themselves renting a home and helping others get ahead financially. When the question of “why rent” is posed, the most common answer is the issue of not having a down payment. What is interesting is that the person could afford the monthly payments but simply does not have the down payment. Home Read More

4 Aug 2015

So You Want to be a Landlord

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

Becoming a landlord can seem very appealing.  There is a large influx of people to BC, Alberta and Ontario and they all need a place to live.  But before you dive headfirst into this potentially lucrative pool, there are some things to consider. Aren’t there always? Down Payment You will need at least 20% of Read More

3 Aug 2015

31 Jul 2015

May GDP Another Troubling Sign for Canadian Economy

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Canadian economy contracted in May by 0.2 percent, the fifth consecutive monthly decline. Here we go again. Another in a long list of serial disappointments for the Canadian economy. What is particularly troubling about this one is that the main culprit for the decline in May GDP was manufacturing, a sector that was supposed Read More

31 Jul 2015

7 Questions To Ask Yourself Before Building a Home

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Building your dream home can sound really exciting, but have you thought about everything that goes into building a new home? Here are 7 Questions you should ask yourself before making any concrete plans. 1. What are my expectations with this new home? Are you looking for a custom home build where you are responsible Read More

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