Read our mortgage blog to stay up-to-date with all of the latest news and information about homes, mortgages and mortgage broker services in Alberta.

What is an Ideal Mortgage Rate and How Can Dominion Lending Centres Help You Get One?

Mike Christenson

Dominion Lending Edmonton
If you have been planning to leap into home ownership, you most definitely might be seeking to close your first mortgage. The first instinct is to compare as many lenders as possible. However, landing a great rate takes more than comparison shopping. Read More..

How to Avoid the First Time Home Buyer Loan Blues

Jeff Arthurs

first time home buyer loans
The prospect of finally owning a home is both exhilarating and scary. Largely, you do not know what to expect, what to avoid or even applicable regulations. In this flurry of emotions, it is easy to innocently commit mistakes that may cost you dearly in the future. Talking to a mortgage broker is a great start. Here is what you need to know before embarking on this journey of getting a first time home buyer loan. Read More..

Dominion Mortgage Brokers help first time home owners Use RRSPs For a Down Payment

Jamie Arthurs

Mortgage Broker Read More..

Mortgages: How to Borrow a Down-payment

Mike Christenson

Mortgages Edmonton Raising enough money for your down payment may be the biggest hurdle you will have to overcome before owning your dream Edmonton home. The ideal situation is saving up to raise the deposit. However, circumstances may not favor this option. Therefore, knowing that you don’t have a rich family to turn to, borrowing is your next logical option. So, here is how to borrow a down payment for mortgages Edmonton.  Read More..

Can I Consolidate Debt Using Alberta Home Equity Loans?

Jeff Arthurs

Alberta Home Equity Loans

Debt can be stressful. If you have a lot of debt, it may be adding additional stress to your life. With that being said, did you know that your home has the potential to get you out of debt? Well, if you have owned your home for a while and have a considerable amount of equity in it, a home equity loan may be just what you need to consolidate your debt and finally bring some order into your life.  Read More..

Who Pays a Mortgage Broker: Do They Charge a Fee?

Jamie Arthurs

Alberta Mortgage Brokers

On narrowing down the search for your dream home, the next step is to find the best mortgage to materialize this dream. However, most people do not have the time or savvy to find a mortgage that works for them, and they don’t know what they don’t know about all the other terms that can make a great or terrible mortgage. An excellent way to get informed and make an educated decision is by using a mortgage broker. To get you started, here is some preliminary information about engaging a mortgage broker.  Read More..

How Does Using a Mortgage Broker Work?

Mike Christenson

Mortgage BrokerThe purchase of a new home can be a daunting experience – there is just so much involved in the process. A mortgage broker can help alleviate the stress of mortgage shopping and walk you through the process, all while saving you money and energy. Using an Edmonton mortgage broker is simple and will help you secure a mortgage and get into your new home with ease. Read More..

What is the New “Stress Test” for Mortgage Qualification?

Jeff Arthurs

dominion mortgages
As a response to concerns on expected increase in defaults due to rising house prices and a projected rise in mortgage rates, we now have more stringent mortgage qualification rules that were implemented in October of 2016. Many current and prospective homeowners do not know what to make of the stress test that was the highlight of the flurry of changes. Not to worry though, Dominion Mortgages is here to provide a breakdown of the stress test and its impact on government-backed insured mortgages. Read More..

How to Get a Pre-Approved Mortgage

Jamie Arthurs

Dominion Lending in Edmonton
A home is a massive purchase – with so many things to consider, buying a new property can be a stressful experience. Getting pre-approved for a mortgage, a step that is too often overlooked, is a crucial move in a smooth home buying experience. The process is simple and will allow you to set attainable goals while shopping for your new home, as it outlines the maximum amount you can afford to spend. A licensed mortgage broker from Dominion Lending in Edmonton can start the pre-approval process for you, getting you one step closer to owning your next home. Read More..

Mortgages & Borrowing: How Much Do I Qualify For?

Jeff Arthurs

Dominion Lending Centres in Edmonton
There are many factors to consider when determining your maximum borrowing limit when taking out a mortgage loan. The key is to find an amount that enables installments which are manageable to you, and balancing that with the purchase price point of the home you need. In general, borrowers can typically take on a mortgage that is around 4 times their annual gross income, but every homeowner is different. Here are some of the metrics banks and lenders use to determine your borrowing threshold, and we at Dominion Lending Centres can help you figure it out. Read More..

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