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Blog2020-11-13T06:20:28-08:00
2107, 2021

A More Stabilized Market

July 21st, 2021|Uncategorized|0 Comments

Since the beginning of 2021 house prices have been rising exponentially.  In June, a Canadian Real Estate Association report indicated that the average selling price of a home in Canada had fallen for the second consecutive month. A cooling of the past year high, which reached 38% increase of home purchases, was bound to come. In

2605, 2021

Changes to Stress Test – June 1st Onwards

May 26th, 2021|Uncategorized|0 Comments

Recently, there has been approved changes to the stress test released by the government that come into effect on June 1st. The Bank of Canada benchmark qualifying rate will increase from 4.79%  to 5.25%. The changes will be for all mortgages.  This includes;  Insured mortgages Insurable mortgages Uninsurable mortgages When looking at borrowing power, these changes will

2904, 2021

Proposed Changes to the Stress Test

April 29th, 2021|Uncategorized|0 Comments

Recently, there have been proposed changes to the stress test released by the government that would come into effect on June 1st. If the changes go into effect, the Bank of Canada benchmark qualifying rate will increase to 5.25%.  If the changes go into effect, it will be for uninsurable mortgages only. Uninsurable mortgages are any mortgages

1903, 2021

Geoff Lee Recognized by Canadian Mortgage Professional Magazine

March 19th, 2021|Uncategorized|0 Comments

GLM Mortgage Group | Dominion Lending Centres is thrilled to announce that Geoff Lee has been selected by Canadian Mortgage Professional as one of Canada’s Top 75 Mortgage Brokers. In addition to being a Top 75 Mortgage Broker in Canada GLM Mortgage Group | Dominion Lending Centres has many recent accomplishments: Finalist for Best Customer Service in

2602, 2021

When it comes to getting pre-approved for a mortgage and “Locking” in a rate, we have a clear process in place to help you do so.

February 26th, 2021|Uncategorized|Comments Off on When it comes to getting pre-approved for a mortgage and “Locking” in a rate, we have a clear process in place to help you do so.

How it works: We start with a pre-approval where a mortgage application is done, and documentation is requested to confirm details within the application to best prepare for an accepted offer. Once you complete the pre-approval process, we can then determine your max purchase price, and even submit your file to secure a rate hold for you

1211, 2020

Pre-Approval: Does it Hurt My Credit Score?

November 12th, 2020|Getting a Mortgage|0 Comments

One of the most common questions we are asked when going through the pre-approval process: Will this hurt my credit score?   It’s a fair question. The reason many people ask if a pre-approval will hurt their credit score is due to the fact that typically a hard credit check, may slightly negatively impact your credit score.

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