3 STEPS TO TAKE YOU FROM PRE-APPROVAL TO GETTING THE KEYS
July 18, 2019
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Whether you are a first-time buyer or an experienced buyer with excellent credit, Dominion Lending Centres has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Get in TouchCurrent Rates
Our rates are always competitive and we pride ourselves on making sure that you get the best possible rate available to you. Check out our current rates below, compared to the competition.
Current Rates
Current variable mortgage rate is
4.70%
Current prime rate is
5.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 7.89%
- $756.21
- 7.49%
- $730.93
- $25.28
-
- 1 Year
- 7.74%
- $746.69
- 5.29%
- $598.22
- $148.46
-
- 2 Years
- 7.34%
- $721.53
- 5.14%
- $589.60
- $131.93
-
- 3 Years
- 6.94%
- $696.72
- 4.44%
- $550.14
- $146.57
-
- 4 Years
- 6.74%
- $684.44
- 4.54%
- $555.70
- $128.74
-
- 5 Years
- 6.79%
- $687.50
- 4.54%
- $555.70
- $131.80
-
- 7 Years
- 7.10%
- $706.60
- 5.35%
- $601.69
- $104.91
-
- 10 Years
- 7.25%
- $715.92
- 5.75%
- $625.02
- $90.90
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. E.& O.E.
Calculators
Our Interactive Mortgage Calculators will allow you to explore your Mortgage options to make the right home financing decision.
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Apply NowIf you are in the market to buy a new home, refinance your existing mortgage to pull out some cash or review your existing mortgage to ensure it’s the best mortgage for you, do not fear. With over 20 years of mortgage experience (both as a bank lender and as a mortgage broker), I have mastered all of the tools to help you figure it out and secure your new home and or mortgage. Twenty years is a long time indeed...But it’s not just the time I have been in this business. It’s about my relationships in the banking industry and the countless families I helped close on their homes.
The “so called tricks of the trade?” I own them!
Whatever your situation, come speak with me...I have a mortgage for that!
The programs are in place to help you finance your next home. I will cross that bridge with you, hand in hand, every step of the way. There is a reason I earned the title of “Mortgage Angel.” You won’t regret having me prove to you why!!!
She’s our mortgage broker for past 2 mortgages, and always been very happy with her service. She works really hard to find best rate for our mortgage and always happy to give you advice. She’s always have a positive attitude and treat us like a family. Already recommended her to 2 of our friends and will not hesitate to recommend her again. Thanks Lisa!
Thomas
Outstanding experience!
Working with Lisa on my recent mortgage was a breeze. She is resourceful, professional, and went above and beyond to get the job done. I couldn’t imagine working with anyone else in the future for my mortgage needs.
She took the time to understand exactly what I was looking for, and chased it down until she was able to find it, and secure it. I would have absolutely no qualms whatsoever recommending Lisa!
W. Campbell
Lisa is simply amazing
Carrie
We have worked with Lisa four times already and she was always done beyond our expectations, specially when we’ve worked with her first time in 2014 when we din’t know her at all.
Before working with Lisa we were trying to get approved for $200,000.00 with BMO and CIBC and we got rejected and there was completely no interest from them to help, and maybe couple months later Lisa got us Pre-approved up to $1,000,000.00! We were in shock. To be honest because it was our first time buying real estate and because our previous experience from the banks at first we were even thinking that she is not serious, but she was serious and so dedicated. She has enormous knowledge, big heart and determined to help her clients.
It’s only because of Lisa’s help we bought our first house:)
Later we were worked with her three more times and each and every time Lisa was on the top of everything, always keeping our business in mind first, finding creative ways with her knowledge to get us approved!
We always recommend her to our friends, family and anyone we know looking for mortgage because she is an “Angel” making miracles happen.
Thank you Lisa:)
Ivona Kozak
“Lisa has provided outstanding service for our family. We were very stressed about renewing our mortgage, but she made the whole process go as smooth as possible. She was very committed to helping us, was always in contact and answered any questions we had. We cannot express how grateful we are that we were referred to her for renewing our mortgage. Lisa went above and beyond for us; we would highly recommend to all of our friends and family.
Thank you so much Lisa!!”
😊
Jen T
Our calculators will allow you to explore your Mortgage options.
I'm Interested!How much is your home worth?
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Current Rates
Current variable mortgage rate is
4.70%
Current prime rate is
5.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 7.89%
- $756.21
- 7.49%
- $730.93
- $25.28
-
- 1 Year
- 7.74%
- $746.69
- 5.29%
- $598.22
- $148.46
-
- 2 Years
- 7.34%
- $721.53
- 5.14%
- $589.60
- $131.93
-
- 3 Years
- 6.94%
- $696.72
- 4.44%
- $550.14
- $146.57
-
- 4 Years
- 6.74%
- $684.44
- 4.54%
- $555.70
- $128.74
-
- 5 Years
- 6.79%
- $687.50
- 4.54%
- $555.70
- $131.80
-
- 7 Years
- 7.10%
- $706.60
- 5.35%
- $601.69
- $104.91
-
- 10 Years
- 7.25%
- $715.92
- 5.75%
- $625.02
- $90.90
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. E.& O.E.
Lenders
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3 STEPS TO TAKE YOU FROM PRE-APPROVAL TO GETTING THE KEYS Picture this: You’ve finally been able to put away enough for a down-payment on your dream home. It’s taken you five years of diligent saving, but you did it! You have also been diligently working on improving your credit score and paying off debts and are at a place of financial stability. So, first of all, KUDOS TO YOU! Second…now what do you do? Here are the three steps that will take you from browsing new homes to getting the keys to your new place. STEP 1: PRE-APPROVAL This should actually be the step BEFORE house hunting. Visiting your mortgage broker to get pre-approved is the first step anyone looking to buy a home should do. When you meet with your broker for the first time they will: • Have you fill out an application (or you might be able to fill out one online) • Pull your credit • Determine what your maximum purchase price will be. Be aware that you will also be asked for additional information when you visit your broker to apply, including a letter of employment/pay stub, down payment verification, two years notice of assessment and/or T4’s, a void cheque, and a number of other potential documents. Once you are pre-approved it’s house hunting time for you! The benefit of having this done BEFORE you start looking is that you can work with your realtor to find properties within that price range. When you do find just the right home for you, it’s on to step two. STEP 2: APPROVAL If you were able to provide the bulk of the paperwork for your pre-approval, then it will be smooth sailing from here. You may have to supply a few pieces of updated information but otherwise, it’s up to the lender to do the hard work at this point. Your application will be re-assessed, and the lender will take a look at the property you are purchasing. Once they confirm that it aligns with the guidelines they have laid out for your loan, then it is sent off to the mortgage default insurer for approval. At this point, make sure that you do not remove the financing condition until all the lender conditions are met. Now that you have final sign-off and are waiting for the final conditions to be met, it’s on to step three. STEP 3: FINAL STEPS Your broker will notify you once the conditions have all been met, and the lender will send the paperwork over to the Lawyer’s office. The lawyer will take a few days to go through the mortgage and prepare it for your final sign off. When you go, you will be asked to present: • Void Cheque • Two forms of identification • Balance of the down payment in the form of a bank draft On the day of funding, the lender will send the funds to the lawyer who sends them to the seller’s lawyer who upon receiving the funds will give you the all clear. All that’s left is to hand you the keys to your new home! As one final step, keep asking questions at each stage of the mortgage process. You should check in with your Dominion Lending Centres mortgage broker if you have any questions along the way. They are happy to guide you through the process of not only getting a mortgage but also having a mortgage too! Geoff Lee GEOFF LEE Dominion Lending Centres – Accredited Mortgage Professional Geoff is part of DLC GLM Mortgage Group based in Vancouver, BC. More Posts – Website Follow Me: TwitterFacebookLinkedInPinterestGoogle Plus FacebookTwitterLinkedInEmailShare VIEW ALL BLOG POSTSVIEW ALL NEWSVIEW ALL POSTS FEATURED ARTICLES Top 5 Things Millennials Should Know When Buying Real Estate May 26th, 2015 | Posted in: Chief Economist, News. April 2015 Jobless Figures, More Bad News for Canada May 8th, 2015 | Posted in: Chief Economist, News, Press Releases. Bank of Canada Remains On Hold With Hopes of Economic Rebound Apr 15th, 2015 | Posted in: Chief Economist, News
June 28, 2019
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