• IMPROVING YOUR CREDIT SCORE

    TRACY VALKO |

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    Your credit score is a big factor when you apply for a mortgage. It can dictate how good your interest rate will be and the type of mortgage you qualify for.

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  • 5 THINGS TO KNOW BEFORE BUYING A RURAL PROPERTY

    Michelle Zimmerman |

    After several years as a home owner, my friend was set to buy the home of his dreams. He always wanted to own an acreage outside of town. He had visions of having a few animals, a small tractor and lots of space.
    As a person with experience buying homes, he felt that he was ready and that he knew what he was getting into. Wrong. As soon as you consider buying a home outside of a municipality there are a number of things to consider, not the least being how different it is to get a mortgage.

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  • WHAT IS A REFINANCE

    Michelle Zimmerman |

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    Refinancing a home is one of those things where people understand what it is but have trouble explaining how it works. To put it simply, refinancing your home allows you to access the equity you have built up, by changing the mortgage amount.

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  • THINGS YOU CAN DO TO GET THE BEST MORTGAGE RENEWAL!

    Michelle Zimmerman |

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    With 47 per cent of homeowners scheduled to renew their mortgages this year, 2018 is a year of change for lots of Canadians.
    Here are the top 8 things you can do to get the best renewal:

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  • MORTGAGE RENEWALS 2018

    Lise Franklin - DLC |

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    Is your mortgage coming up for renewal this year? Our Pauline Tonkin (DLC Innovative Mortgage Solutions) explains what you need to know before you renew your mortgage.

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  • Breaking a Mortgage - What could this cost us?

    Michelle Zimmerman |

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    Breaking your mortgage for a variety of reasons, happens.  Moving, a separation, upsizing or downsizing, the list is extensive as to why you might need to break your mortgage during your term. Geoff Lee of Dominion Lending Centres in Vancouver, has broken down some details for you on breaking your mortgage with a chartered bank vs another lenders/credit unions (which most mortgage brokers use). Do you have a mortgage? So do I! Looks like we have something in common. Did you know that 6 out of 10 consumers break their mortgage 38 months into a 5-year term? That means that 60% of consumers…

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  • Are you in a Variable Rate Mortgage?

    Michelle Zimmerman |

    This is a great article by Dustan Woodhouse, a Mortgage Broker here at Dominion Lending Centres!   ARE YOU IN A VARIABLE RATE MORTGAGE? ME TOO. Are you in a Variable Rate Mortgage? Me too. If you’re in a fixed rate mortgage, this news does not impact you. Mind you ‘impact’ is too strong a word to use for the subtle shift that occurred Jan 17, 2018. Short Version The math is as follows: A payment increase of ~$13.10 per $100,000.00 of mortgage balance. (unless you are with TD or a specific Credit Union, in which case payments are fixed and change only at your specific…

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  • CANADA'S JOBLESS RATE REMAINS AT A 4O YEAR LOW!

    Michelle Zimmerman |

    Statistics Canada announced this morning that employment increased by a stronger-than-expected 32,300 in March, driven by full-time job gains. The unemployment rate was unchanged at a four-decade low of 5.8% indicating that the economy is at or near full employment.

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  • MORTGAGE CHANGES ARE COMING—ARE YOU PREPARED?

    GEOFF LEE |

    We know – more changes?! How can that be! With this ever-changing landscape, mortgages continue to get more complicated. This next round of changes is predicted to take affect this coming October 2017 (date not yet available). These new rules contain three possible changes, the most prominent being the implementation of a stress test for all uninsured mortgages (those with a down payment of more than 20%).

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  • CREDIT SCORES: HERE’S WHAT YOU NEED TO KNOW

    TRACY VALKO |

    Credit Score

    The interest rate you pay on loans for every major purchase you make throughout your lifetime depends on various factors, and is dependent on your creditworthiness – everything from the mortgage on your home to your car loan or line of credit.

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  • GETTING PRE-APPROVED FOR A MORTGAGE

    MAX OMAR |

    You’ve been squirreling away your bonus cheques, savings and reducing the amount of times you visit Starbucks so you can finally get into your own home to build solid equity for your future. Now that you know what you want and what you can afford, it’s time to visit your local Dominion Lending Centres mortgage specialist to get yourself pre-approved for a mortgage.

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  • BANK OF CANADA RATE CHANGE – SHOULD I LOCK IN?

    NATHAN LAWRENCE |

    This month, the Bank of Canada increased their lending rate for the 2nd time in as many months. The changes in the Prime Lender Rates means that those with a variable mortgage rates will have seen that their mortgages rates adjusted alongside the changes to Prime Rate. For those of you with variable rates, the first thing that probably crossed your mind was “should I lock in?”

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  • Announcing the new website

    Lise Franklin - DLC |

    announcing the new website - Lise Franklin - DLC

    We are delighted to announce the launch of our new website!

    Our new website provides our existing and prospective clients a simple yet interactive view of our work and the services we offer. 

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  • New Website Under Construction

    Lise Franklin - DLC |

    New Website Coming Soon!

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