It is matter of fact that life can be much unexpected. Perhaps you have been hit hard by this economic downturn or maybe an illness or even just plain old mismanagement has left you with a series of late payments on your credit. No use crying over spilt milk so to speak. So, let’s look at […]

The true cost of mortgage penalties is a common concern and complaint among homeowners so it seems reasonable to review it once again. Due to the sometimes complex calculations the banks use to determine this amount – consumers have been left in the dark when trying to make a decision on whether the cost of […]

I’ve actually had clients ask me that question! The business of life often gets in the way and we don’t always do our homework when it comes to our financial obligations. Before they know it, clients start getting e-mails from their lender and their broker reminding them that it’s time to renew their mortgage… “Wow, […]

When shopping for a mortgage, many home buyers enlist the services of a Mortgage Professional. There are several benefits to using a Mortgage Broker and I have compiled a list of the top 8: 1. Saves you time – Mortgage Brokers have access to multiple lenders (over 50!). They work with lenders you have heard of and lenders […]

1. Have you explored all your options. Once you receive your mortgage renewal statement, there is nothing easier than signing on for another term, heck 70% of everybody that received them from their current lender just signs over thousands of dollars. This may make sense in some cases, but your family and financial situation may changed over […]

The next time you’re looking for a mortgage for that new house or you’re up for renewal on your existing mortgage, think about using a mortgage broker – their services are free and they offer you an abundance of choices the banks simply can’t compete with. Mortgage brokers have access to a vast array of […]

Not long ago, someone contacted us wishing to refinance their mortgage. They presently held a mortgage from one of the big banks. When this homeowner originally obtained her mortgage, the bank offered her a discounted rate of 2.99%. It matured in July of 2016, however, when they contacted us at Dominion Lending Centres, they wanted […]

We all want the best. For instance, a Ferrari is way better than a minivan. It’s faster, sleeker and much more prestigious. But what if you have three children and drive to hockey every Saturday and need the extra space? All of a sudden that minivan is looking much more appealing. Then when you factor in the […]

If you are considering building a new home, then you need to be educated on the difference between draw and completion mortgages. When you meet with a builder, there is tons of terminology and information you should be aware of so you are properly covered. Completion mortgages mean that the builder does not expect any funds […]

Buying your first home is often the largest financial commitment you will have made and just coming up with the down payment is a difficult task for many! Then there are the legal fees, property transfer fees, disbursements and all those other costs that can really add up, creating a huge dent in your finances! […]