News

14 Aug 2015

Who does your banker work for?

Posted by: Jason Humeniuk

Dominion Lending Centres - Accredited Mortgage Professional

It may seem an odd question with a very obvious answer but you would be surprised how few people consider this question when approaching their bank for mortgage advice. When you deal with a bank employee or a mobile mortgage representative (also a bank employee), you need to know that their primary responsibility is to Read More

13 Aug 2015

Have You Considered Purchasing a Property with a Secondary Suite?

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

The Canadian Mortgage and Housing Corporation (CMHC) recently announced that in order to facilitate affordable housing choices for Canadians, it would be making some policy revisions on how they consider income derived from secondary suites. Considering the last 4 years have been nothing but tightening of rules, making it harder for Canadians to secure mortgage financing, this Read More

12 Aug 2015

Dominion Lending Centre’s Chief Economist: Canada’s Mortgage Industry Is Solid [VIDEO]

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

From Business News Network (BNN): Sherry Cooper, Chief Economist, Dominion Lending Centres, says there are no signs of widespread fraud in Canada’s mortgage industry. She joins BNN to discuss the role of regulators and financial institutions in preventing fraud. Dr. Sherry CooperChief Economist, Dominion Lending Centres Sherry is an award-winning authority on finance and economics Read More

12 Aug 2015

How Title Fraud Works and How to Protect Against It

Posted by: Alisa and Jorge Aragon

Dominion Lending Centres - Accredited Mortgage Professional

Last time, we discussed mortgage fraud using “straw buyer” schemes and the red flags that come up when they happen. This time we are taking a look at an even more insidious type of fraud, where the red flags are hard or even impossible to spot until it’s too late. Title Fraud When you purchase a Read More

11 Aug 2015

China Rattles Markets with Currency Devaluation

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In another desperate move to boost a flagging economy, China devalued its currency by 2 percent overnight. The Canadian dollar nose-dived on the news following what had been a week-long recovery. The US dollar strengthened as capital flowed into the safe haven of the greenback. The surprise move sent shock waves through global markets, driving Read More

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

  • 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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    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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