News

18 Sep 2015

Memoirs of a Mortgage Broker – The Biker Story

Posted by: Maria Kyle

Dominion Lending Centres - Accredited Mortgage Professional

As my client is telling me the reason for his credit woes, I just can’t help but think, “why are you here”? and more importantly “why are you wearing overalls”? Then for a moment I thought I might have said that in my outside voice! But he continues to talk and I realize that it Read More

17 Sep 2015

Fed Postpones Rate Hike

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Fed kept the overnight rate unchanged today, choosing to delay an increase owing to stubbornly low inflation, an uncertain outlook for global growth and recent financial market volatility. It appears that recent losses in China’s equity markets reflect deeper worries over growth prospects for the world’s second largest economy. Slowing growth in China has Read More

17 Sep 2015

Collateral Versus Standard Charge Mortgages

Posted by: Sandra Tisiot

Dominion Lending Centres - Accredited Mortgage Professional

Since an increasing number of lenders are moving towards collateral charge mortgages these days, it has never been more important to understand the differences between a collateral and standard charge mortgage. The primary difference is that a collateral charge mortgage registers the mortgage for more money than you require at closing. For instance, up to Read More

16 Sep 2015

What Amortization Should I Have On My Mortgage?

Posted by: Len Anderson

Dominion Lending Centres - Accredited Mortgage Professional

Short answer: the longest possible amortization you can get! However, the goal is to get the longest amortization possible, but then increase the payment or make lump sum payments to move the amortization to the lowest possible and therefore be mortgage free faster. I will explain more later. Amortization is the total authorized repayment period Read More

15 Sep 2015

A Real Life Success Story [Testimonial]

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

suc-cess: the achievement of something desired, planned or attempted; accomplishment of an aim or purpose. To be a Mortgage Expert producing volume in the Top 75 in Canada is a massive accomplishment. One that takes extreme dedication and hard work, something that I strive to achieve. While building a secure and stable mortgage practice foundation, Read More

14 Sep 2015

So, What Does THAT Mean?! Mortgage Terms Explained

Posted by: Anne Martin

Dominion Lending Centres - Accredited Mortgage Professional

What does all that technical mumbo jumbo mean? Here are some common mortgage related terms. Getting a mortgage can be a daunting task. There is so much to know and understand including some pretty confusing language. Borrowers are often confused by terminology like the difference between amortization and term. And by the way, Term The Read More

11 Sep 2015

4 Things That Will Kill Your Mortgage Approval

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

So, you’ve worked hard to save every penny and have managed to finally afford the down payment necessary on a home. You have searched high and low, only to find the house of your dreams at a price you can afford. Though your credit rating is good and you have a stable job, there are Read More

10 Sep 2015

Qualifying Purchase Price – Why I’m Now Giving My Clients Two Price Points

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

Back in June 2012 OSFI (Office of the Superintendent of Financial Institutions) rolled out their B-20 Residential Mortgage Underwriting Practices and Procedures, in an effort to force banks and lenders to follow more prudent underwriting guidelines. One of the most impactful changes was imposed on borrowers who want to take a Variable rate, or a term Read More

9 Sep 2015

No Surprises From the Bank of Canada

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

As expected, the Bank of Canada refrained from cutting interest rates at today’s policy meeting. The recent economic news has shown a marked improvement, precluding the Bank from following on the previous two rate cuts this year. The key policy overnight rate is only 50 basis points (one-half of one percentage points) and another 25 basis Read More

9 Sep 2015

Bullying Ends Here

Posted by: Tad Milmine

Founder, Bullying Ends Here

Hi! My name is Tad Milmine and I am the creator and founder of Bullying Ends Here. With the new school year now underway I wanted to share with you my anti-bullying program and also thank Dominion Lending Centres for being my National Founding Sponsor. I created Bullying Ends Here for two reasons. The first 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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