News
Finance Condition
When making an offer to buy a home, it can be fairly routine to make that is offer conditional on arranging financing. That means your offer can be withdrawn if you are unable to arrange the mortgage required to complete the sale. However in a very busy real estate market, buyers often find themselves either... Read More...
What is Private Lending vs Prime Lending?
Private Lending A combination of Coronavirus, rising interest rates, higher home prices and tougher qualification requirements for a mortgage loan have made purchasing and refinancing homes more difficult in Canada. If you answer “yes” to any of the questions below, you may be better suited for a Private Lender for your purchasing and refinancing… Read More…
St. Catharines mortgage agent champions health system support
St. Catharines mortgage agent champions health system support Cameron Wilson plans to educate consumers in town hall meeting NEWS Apr 16, 2019 by Beth Audet Niagara This Week – St. Catharines A St. Catharines mortgage agent is educating consumers about a financial approach that he says will stimulate the economy and reinvest in… Read More…
Healthcare in Niagara and the mortgage industry create a Partnership.
At Dominion Lending Centres, we know Community comes first. When we learned that provincial tax dollars do not pay for medical equipment in Hospitals – we knew there was a higher purpose for our business. We have created a new way to do business and help our communties thrive! We look forward to getting you… Read More…
Niagara Regional – Community Mortgage Plan
Great having our community come together in support of the Niagara Regional – Community Mortgage Plan. The ceremonial launch of this new program was christened by Mayor Walter Sendzik, Regional Councillor’s Sandie Bellows and Leanna Villella and CEO of Niagara Health Foundation, Roger Ali. We invite all of Niagara’s mortgage holders to participate in… Read More…
How to pay your mortgage off faster!
Purchasing a home is a major accomplishment, but paying off your mortgage as early as possible will be the best investment you can make. A 2010 Canada Mortgage and Housing Corporation (CMHC) survey indicated that 68 per cent of recent homeowners felt there was a strong chance they could pay off their mortgage earlier than… Read More…
Canadian’s holding insured mortgages (CMHC) exhibit low risk appetites
Great news, Canada! The Canadian economy has and does enjoy a very profitable real estate and mortgage market, especially so in recent memory. There has also been discussion of “bubbles” in the market and the danger they pose to the Canadian economy with Canadian’s being overleveraged when looking at their incomes versus their monthly liabilities…. Read More…
New mortgage rules – January 1st, 2018
The most ground shaking mortgage rules to date will be affective on January 1st, 2018 for all federally regulated financial institutions in Canada. OSFI is setting a new minimum qualifying rate, or “stress test,” for uninsured mortgages (mortgage consumers with down payments 20% or greater than their home price). SCENARIO 1: Bank of Canada… Read More…
Niagara’s most competitive 5 year fixed rates terms
New mortgage rule changes are coming into play very soon – January 1st, 2018. It is in your interest, as a current or future mortgage holder to get advice from a trusted source to learn if these changes will impact you. I enjoy helping people save thousands of dollars on their mortgage through trusted expert… Read More…
Bank of Canada maintains it’s current overnight rate @ 1%
The Bank of Canada has decided to maintain its current benchmark lending rate steady at one per cent, taking time to digest recent economic data after two small hikes earlier this year. Canada’s central bank said Wednesday it has decided to keep its target for the overnight rate right where it is, while rate hikes… Read More…