Home Purchase overview   We want to make each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date. Now, more than ever, financial institutions are regularly launching new products and programs, making it easier to get into that new home sooner. Today, interest-only loans, self-employment programs, rental purchase programs, vacation property programs, and a host of other innovative financing alternatives are dotting the home purchase landscape, making homeownership a reality for more people than ever. Whether you are first-time buyer or an experienced buyer with excellent credit, Dominion Lending Centers has access…

A second mortgage is a popular mortgage refinancing option for funding major renovations. Obtaining a second mortgage allows you to spread the repayment over a long period at rates that are normally much lower than credit cards or other personal loans. Through CMI, homeowners can borrow up to 80% of their property’s value through a second mortgage.

By omitting proper consideration at the time of renewal, this practice costs Canadian citizens thousands of extra dollars every year. Nearly 60% of borrowers simply sign and send back their renewal that is first offered to them by their lender without ever shopping around for a more favorable interest rate. Homeowners should never accept the first rate offer from their existing lender. Without any negotiation, simply signing up for the market rate on a renewal is unnecessarily costing the homeowner a lot of money on their mortgage. Generally it is a good idea to start shopping for a new term…

RATES ARE AT RECORD LOWS. NOW’S THE TIME TO ACT Interest rates are hitting some of the lowest lows we’ve ever seen. Our team of mortgage experts are here to help you plan your refinancing strategy, so you can lower your monthly payments, pay off your debt, and/or move forward on those big projects you’ve been planning around the house. We’ll design a plan around your exact situation, and walk you through the details. Then we’ll go to work to quickly finalize the mortgage that best fits your needs. CHIP When most of us dream of retirement, we imagine ourselves in our homes…

Are you searching for a bridge mortgage to complete your mortgage financing strategy? At CMI, we specialize in helping borrowers like you find a bridge loan. Structured in 1st & 2nd positions Secured by residential or commercial real estate We even use bridge mortgages to finance the completion of construction projects. Of the lenders who do offer bridge financing, not all will put you first. At DLC , we’re not a bank, and we don’t work for a bank, so our only goal is to help you find the bridge financing options that fit your needs and circumstances. We work with more than 250…

With a Home Equity Line of Credit (HELOC), you will gain access to funds as soon as your loan is registered, enabling you to put them to use right away. A HELOC has a unique advantage in that it can be used, repaid, and used again, while only paying interest on the portion of the funds that have been utilized. That means a HELOC is a perfect solution for many funding needs, such as: Launching or supporting your small business Funds for investing for a rainy day Medical and health care expenses Access funds for acquiring another property A HELOC is also a great way…

Buying a home is one of the single largest purchases you will make in your lifetime. At Dominion Lending Centres we also believe it is an investment in you and your family’s financial future… an investment that needs to be protected. 45% of uninsured Canadians included life insurance among their top five financial priorities and 21% ranked it in their top three – yet they still have no coverage. 76% of parents said they worry about their family’s financial situation in case of their death according to a recent Ipsos Reid report. What would your family do if something unfortunate happened and they…