General Greg Weaver 20 Aug
The number one question for any potential home buyer or someone new to the mortgage process is “what does this process entail?”. The following is a simple outline to give you an idea of the process and help you understand what to expect as you embark on your home buying journey! STEP 1 – BE […]
Read MoreGeneral Greg Weaver 18 Aug
There is little doubt that the biggest purchase of your life will be your home. When embarking on your homeownership journey, having the right support and information will make all the difference. Fortunately, a mortgage agent can help! With access to more than 50 lending institutions including big banks, credit unions, and trust companies, mortgage […]
Read MoreGeneral Greg Weaver 6 Aug
While most people know the main things they need to buy a home, such as stable employment and enough money for a down payment, there are a few other factors that may help you realize you’re ready – perhaps even earlier than you thought! In fact, there are four main things that can help you […]
Read MoreGeneral Greg Weaver 23 Jul
Market Smarts: Home Buying Guide. The Canada Mortgage and Housing Corporation (CMHC) is one of Canada’s three mortgage insurers. Beyond insuring mortgages, CMHC also offers consumer guidance in the form of a unique step-by-step guide for home buying Canada, which the organization has dubbed the “roadmap” to homeownership. The 27-page guide, Homebuying Step By Step […]
Read MoreGeneral Greg Weaver 6 Jul
As you may have heard, the Bank of Canada recently changed the stress test rules as of June 1, 2021. With these changes, now both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. The new qualifying rate on uninsured and insured mortgages is now the […]
Read MoreGeneral Greg Weaver 24 Jun
Dominion Lending Centres is proud to announce our brand new First Responder Mortgage Program™. In times of uncertainty, we can always count on our first responders. From coast to coast, you put Canadians first and ensure the health and safety of this great country – and we wanted to give you something in return. The […]
Read MoreGeneral Greg Weaver 21 Jun
When in the process of buying a home, there is nothing worse than having your mortgage broker or lawyer call and say “there is a problem”. If you have found your dream home and negotiated a fair price, which was accepted, and you have supplied all the documentation to your broker, you assume everything is […]
Read MoreGeneral Greg Weaver 13 May
Twenty-five or thirty years can sound like an impossibly long time to service a loan – and for many of us, it is. If you are looking to pay off your mortgage faster, here are some tried-and-true tactics to get you to financial freedom that much sooner! Make a Double Mortgage Payment: A double payment […]
Read MoreGeneral Greg Weaver 27 Apr
With a red hot housing market, The Office of the Superintendent of Financial Institutions (OSFI) announced that it intends to raise the current stress test level to 5.25%, or two percentage points above the market rate, whichever is higher. They plan on implementing the new rules on June 01, 2021. The stress test was first […]
Read MoreGeneral Greg Weaver 30 Jun
The Westlake Team is committed to providing you with excellent service and maintaining a high level of security and respect for your right to privacy. (In this policy, “DLC” or “Dominion Lending Centres” means The Westlake Team) Overview This statement is one way of sustaining your trust in our company, our products and our services. […]
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