News

17 Nov 2015

Home Buyer’s Plan: Understand Your Investment

Posted by: Gurcharan Singh

Dominion Lending Centres - Accredited Mortgage Professional

Brad and Brenda have been putting some money in their RRSPs investments for the last four years. Their last statement shows that they have $12,500 in their RRSP’s savings, and they also have $5,000 in the bank in their savings account. They decided to buy a starter home in Winnipeg, MB for the price of Read More

16 Nov 2015

That Oh So Important Financing Condition

Posted by: Nathan Lawrence

Dominion Lending Centres - Accredited Mortgage Professional

There you are, sitting down with your realtor and preparing an offer to purchase for that amazing home that you just looked at this afternoon. You get to the point in the conversation with your realtor about the need for a financing condition and you’re trying to remember what you talked about with your Mortgage Read More

13 Nov 2015

4 Costly Mortgage Mistakes of those New Home Buying “Incentives”

Posted by: Kiki Berg

Dominion Lending Centres - Accredited Mortgage Professional

It’s exciting! Brand new shiny homes, opulent new appliances and granite countertops followed by massive marketing with deep discounts, rebates, cashback, free tvs, offers to pay your strata and mortgage payments? Developers are throwing in these incentives to entice buyers and many are getting shocked with the ramifications when they close at the lawyers. Nothing comes Read More

12 Nov 2015

What You Need To Know About Deposits & Down Payments On A Purchase

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

When you write a contract to purchase a home, in the offer you’ll need to include a deposit amount, which you’ll agree to pay upon subject removal. This amount will then form part of the down payment upon closing. This amount does NOT have to be a specific percentage of the purchase price – it Read More

10 Nov 2015

Buying a Second Home

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

There are a growing number of families living in Vancouver, or moving to the region, who are choosing the option of buying a second home in the lower mainland or in one of the many great locations throughout British Columbia. When it comes to mortgage financing, there are many lender programs available at the best Read More

9 Nov 2015

Rate Hold vs Pre-Approval – A Common Misconception

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

mis-con-cep-tion (noun) – a view or opinion that is incorrect because it is based on faulty thinking or understanding; mistaken notion; an erroneous conception. With not knowing how to start this particular blog post, I decided to look for some images that might summarize the topic best – What is the difference between a RATE Read More

6 Nov 2015

Job Strength Means Fed Hikes Rates–Canadian Rates Have Bottomed

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The jobs numbers released today for October exceeded expectations in both the U.S. and Canada. This was a particularly important report for the U.S., because it all but insures that the Federal Reserve will hike rates for the first time in a decade when they next meet on December 16. Interest rates in both Canada Read More

6 Nov 2015

What is a credit report and why is it necessary?

Posted by: Anne Martin

Dominion Lending Centres - Accredited Mortgage Professional

What is a credit report and why is it necessary? It’s easy, it provides proof of your creditworthiness. Plain and simple! In this day and age, it’s rare to find someone who doesn’t have some form of credit. This can include credit cards, personal loans, lines of credit, car loans,  student loans, mortgages and more. Read More

5 Nov 2015

Can’t qualify for a bank mortgage? How do private mortgages work?

Posted by: Kiki Berg

Dominion Lending Centres - Accredited Mortgage Professional

There is almost ALWAYS a mortgage solution. New to Canada? Self Employed? Maybe a few credit glitches in your past? You just need to ask the right mortgage consultant. Not everyone can qualify for bank mortgages today. It doesn’t make you a bad person, it makes you a business savvy person getting the best mortgage Read More

4 Nov 2015

Moving Up/Down or Across the Property Ladder? 3 Things To Know

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

Moving up the property ladder is an exciting time in your life – having clarity on how the process works is key to your success. 1. Understand the terms of your mortgage and be prepared – get a pre-approval. Just because you already have a mortgage now, doesn’t mean you automatically qualify for a new 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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