News

21 Jan 2016

Accelerated Bi-Weekly vs. Bi-Weekly Payments

Posted by: Brent Shepheard

Dominion Lending Centres - Accredited Mortgage Professional

When signing your mortgage commitment letter you will have to choose your payment frequency. If your goal is to re-pay your mortgage as quickly as possible, then you need to understand how different payment options will affect your repayment schedule. So what are your options? In general, most lenders will offer the borrower the option Read More

20 Jan 2016

Bank of Canada Does Not Cut Rates

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In an evenly divided call by market analysts, the Bank of Canada maintained its target for the overnight rate at 1/2 percent. The Bank said that inflation prospects are largely as expected and that “the dynamics of the global economy are broadly as anticipated in the Bank’s October Monetary Policy Report (MPR).” Really?  Oil prices Read More

20 Jan 2016

6 Tips on How to Repair, Increase and Maintain Your Credit

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Credit scores are like report cards for grown‐ups. The score you get ranges from 300 to 900. Your score indicates your creditworthiness to potential lenders, banks, landlords, insurance companies, and even to some employers. The higher your score the better. 1. Get a Copy of Your Credit Report Make an inquiry once a year, twice Read More

19 Jan 2016

Be Aware Of Allowable Sources Of Down Payments

Posted by: Gurcharan Singh

Dominion Lending Centres - Accredited Mortgage Professional

In Winnipeg, MB, Jackson and Hailey have been living in a rental home for more than three years. They liked this rental home so much; they asked the landlord if they could buy this house. The landlord agreed to sell the property for $300,000 to Jackson and Hailey. On August 1, 2015, the landlord as “seller” Read More

18 Jan 2016

Bullying Ends Here 2015 Recap

Posted by: Tad Milmine

Founder, Bullying Ends Here

Happy New Year everyone! With the new year comes many new resolutions. For Bullying Ends Here, we are keeping it simple. Instead of trying to make any resolutions about change, we simply want to take what we have and expand on that. We want to reach even more. We want to change more lives. We want Read More

15 Jan 2016

Will The Bank of Canada Cut Rates Next Week?

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Expectations of a Bank of Canada rate cut next week are mounting and for good reason. The Canadian economy is showing signs of considerable weakness and business investment plans have been cut. Oil prices continue to decline sharply and Iranian oil supply will be coming on stream shortly. Energy companies continue to slash payrolls and Read More

15 Jan 2016

Choosing the Right Mortgage

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

Choosing the right mortgage to meet your needs is a process best handled with the support of a mortgage professional. Just as there are many homes to choose from, there are many types of mortgage financing options. Choosing the right mortgage can save you thousands of dollars and give you the flexibility to make informed Read More

14 Jan 2016

Financial Check-Up

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

Welcome to your free financial check-up, discussing 5 key factors to assist you in ensuring you are on the right track to a solid financial future. Credit Ensuring you are using credit wisely will pave the way to making sure you have options available to you if or when you need them. One thing we Read More

13 Jan 2016

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

  • 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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