9 Oct 2015

A 235 Year Amortization!

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

There seems much angst and concern from Government regulators over a first time buyer with less than 20% down taking longer than 25 years to pay off an appreciating (or at least historically stable) asset. Also an occasional cry for ‘higher rates’ from the odd pundit as a way to bring debt levels down. While Read More

8 Oct 2015

7 Oct 2015

Caution: Mortgage Penalties and Early Exit

Posted by: Len Anderson

Dominion Lending Centres - Accredited Mortgage Professional

Okay so you have a mortgage. Let’s face it, it’s a contract with terms, conditions, rights and obligations for both you and the lender. However, now for whatever reason you need or want to break the contract before the end of the term. Many mortgage lenders will allow this provided they are compensated. You have Read More

6 Oct 2015

The Difference between a Rate-Hold and a Pre-Approved Mortgage Certificate

Posted by: Sandra Tisiot

Dominion Lending Centres - Accredited Mortgage Professional

First, let’s start with a definition of each. Mortgage Terminology Rate-Hold: a rate-hold is simply that. The financial institution holds a rate for a specific term and for a certain number of days. In Canada we typically hold rates for 120 days. You must close your mortgage on or before that date to secure the Read More

5 Oct 2015

2 Oct 2015

It’s NOT All About the Rate

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

ob-sess(ed): the act of being preoccupied or fill the mind continually, intrusively and to a troubling extend. As mortgage consumers, we get obsessed with obtaining the best rate – we are caught in the cross-hairs of lender marketing. Lenders spend millions of dollars annually to pitch their message; some listen and some don’t. As consumers, we Read More

1 Oct 2015

The Ideal Mortgage Qualifying Client

Posted by: Jean-Guy Turcotte

There are a million variables that determine how one can qualify for a mortgage. The banks, mortgage lenders and credit unions all have different guidelines to be able to qualify under their programs, and then we have the mortgage insurers and multiple other regulatory bodies that affect decisions as well. Variables such as: income type Read More

30 Sep 2015

Good News For Harper And The Canadian Economy

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Real gross domestic product (GDP) for July was posted at an better-than-expected 0.3 percent, confirming that the economy rebounded in the third quarter from the contraction in the first half of the year. Although oil prices remain depressed and commodity prices in general have fallen, the economy has been bolstered by the fall in the Read More

30 Sep 2015

What IS a Mortgage Broker?

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

One thing Canadians have in common is that most of us are paying off a mortgage. The mortgage market can sometimes be confusing. There are a vast array of choices – open, closed flex down, equity take-out, cash back, and of course the rates themselves. While we would not attempt to try to muddle through Read More

29 Sep 2015

Understanding a Decorating Allowance

Posted by: Wrenetta Sinclair

Dominion Lending Centres - Mortgage Professional

In order to stimulate sales and maintain price points on new properties, sellers (and developers) will offer incentives to buyers versus lowering the price of a piece of property. A common incentive is to include a “decorating allowance”. Decorating allowances can be any amount but common ones are between $5,000 and $10,000. This basically means 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.
    Learn More
  • 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.
    Learn More