News

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

3 Nov 2015

Top 5 Reasons People Don’t Qualify for a Mortgage

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

I receive calls every month from people who want to know how to qualify for a mortgage because they were declined by their bank. In many cases I can help them and in some cases they have to wait – but we identify what they need to do to get in a better situation to Read More

2 Nov 2015

Federal RRSP First-time Home Buyers’ Program

Posted by: Len Anderson

Dominion Lending Centres - Accredited Mortgage Professional

The Home Buyers’ Plan (HBP) is a program that allows you to withdraw up to $25,000 from your registered retirement savings plan (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability . You must be considered a first-time home buyer. You are not considered a first-time Read More

30 Oct 2015

Vancouver Real Estate & Our Vanishing RRSP

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

In the spring of 2012, after a 15-year roller-coaster ride on the stock market (huge gains and sharp drops) with a net gain of less than 2% on the total contributions made, it was decision time. My wife and I took a hard look at our RRSP investment ‘strategy’, such as it was. Our conversations Read More

29 Oct 2015

Thinking about a NO Subject to Financing Offer? 3 points you NEED to consider

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

In hot real estate markets, it’s common for both buyers and agents to consider having no subjects to financing when making a purchase offer. It’s important to realize, however, that no professional is in a position to legally advise you to enter into a real estate transaction with no subjects, especially no subject to financing. Read More

28 Oct 2015

Know What You Can Afford Before You Buy

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

Before home buyers go shopping for a home, it is important to know what you can afford before you buy. It is becoming more common for home buyers to make an offer, get declined for the mortgage and the deal collapses. This is stressful for everyone involved, including the buyer, the seller and the realtor. Read More

27 Oct 2015

Enormous Challenges for the Alberta Budget

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

With the Alberta economy hitting the skids, the Notley government faced conflicting goals–diversifying away from the hard-hit oil sector, stimulating the economy and putting the province back on a path to a balanced budget. In June, the government introduced legislation to increase spending for health care, education and social services. It increased the provincial income 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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