Latest Mortgage News

Avoid the New Mortgage Stress Test – Take Action Today

Come to think of it, what is the only constant thing in the real estate industry? Change, yes change is among the common things you will encounter in this industry. With regards to change, the government will start implementing the new mortgage stress test rules on January, 1st next year. While many people are aware […]

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Reactions to the Proposed ‘Stress Test’ Rules for Mortgage Borrowers

The new rules about to be implemented by the Office of the Superintendent of Financial Institutions (OSFI) are aimed at subjecting the uninsured mortgage borrowers in the country to stress test as well. A stress test is a type of test that is carried out on the borrower’s finances to determine if he or she […]

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Why You Should Review Your Mortgage Today

Many of the leading financial advisers will tell you that it is important to carry out a financial check-up every year, but why? As time goes by, many things are bound to change in your life. This being the case, a mortgage that was a good fit for you a few years ago may not […]

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Mortgage Qualifying Regulations are Tightened by the Canadian Banking Regulator

Earlier this month, the banking regulator in Canada released the new regulations that will make it more difficult for potential borrowers to apply for uninsured mortgages. This only adds to the ever-growing list of changes meant to regulate the Canadian housing market. OSFI, The Office of the Superintendent of Financial Institutions, outlined the guidelines to […]

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What Percentage of Prospective Home Buyers Will Realistically Be Able to Purchase a home with the New Mortgage Stress Test That Will Take Effect in January 1st 2018What Percentage of Prospective Home Buyers Will Realistically Be Able to Purchase a home with the New Mortgage Stress Test That Will Take Effect in January 1st 2018

On Tuesday October 17th, Canada’s banking regulator introduced new rules regarding the requirement for all homeowners to undergo a mortgage stress test. This applies to all even those with larger down payments. As of now, only those with mortgages with lower down payments and less than five-year terms are required to pass the stress test. […]

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Finding the Best Mortgage Rate: What You Need to Consider Before Signing on the Dotted Line

When it comes to finding a great mortgage rate, it’s easy to think that the lowest figure should win. After all, paying a lower interest rate should mean saving money, right? Well, not necessarily. Instead, it’s important that those seeking the best mortgage rate should compare the rate versus the features. A low rate with […]

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Deciphering Mortgage Terms: What Information to Consider Before Borrowing & Where to Go to Find It

When it comes to choosing a mortgage, it is important to recognize that the future cannot be fully understood until it arrives. There is likely going to be bumps in the road and life events that will affect a home borrower’s goals. Yet, taking an educated guess and setting goals for a mortgage is an […]

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Dominion Lending Centres Proudly Presents the Top Performers Award to Stanimir Rashev

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Types Of Debts You Should Prioritise Repaying First

Obtaining a loan or any other type of debt will mean that you have an obligation to fulfill. You have an obligation to repay it within the time period stipulated. Adding to the dilemma is the fact that you may have different types of debt at the moment. If you are confused as to which […]

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Factors That Affect The Amount Of Mortgage You Can Qualify For

Every purchase, no matter how little or large it is, will require a varying amount of time and effort to obtain it. The bigger the investment you make, the more complex the procedures to achieve it. When it comes to purchasing the property of your dreams, you will need lots of time scrutinising it plus […]

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