Mortgages

Karla Irvine, AMP
Mortgage Expert

Click to Email Karla
Visit www.karlairvine.ca
Tel: 250-741-4706
Fax: 250-390-4792

About Dominion Lending Centres

Dominion Lending Centres is a national mortgage brokerage and leasing company with more than 1,200 mortgage professionals offering free expert advice across Canada - taking the hassles out of the mortgage process and simplifying your life.

With access to more than 90 lending institutions, including big banks, credit unions and trust companies, our licensed team of mortgage professionals is familiar with a vast array of available mortgage products - ranging from first-time homebuyer programs to financing for the self-employed to financing for those with credit blemishes.

And, best of all, Dominion Lending Centres' mortgage professionals work for you - not the lenders - to ensure you receive the best rates and products available in today's marketplace.

Whether you're looking to purchase your very first home or upgrade to a new home, renew your existing mortgage, refinance your mortgage to free up some equity, purchase investment properties or vacation homes, or lease business-related equipment, Dominion Lending Centres has a variety of products available to meet your unique needs.

Our mortgage professionals are experts in their field and many are ranked among the best nationally. Launched in January 2006, we were named Best Newcomer (Mortgage Brokerage Firm) at the prestigious CMP Canadian Mortgage Awards 2008 - the Oscars of the mortgage brokering industry.

Dominion Lending Centres also prides itself on being the only Canadian mortgage brokerage firm to also offer a leasing division headed up by leasing professionals - encompassing everything from financing for large industrial equipment to used vehicles to computer systems and beyond.

Dominion Lending Centres' mortgage professionals are available anytime, anywhere, evenings and weekends - and we'll even come to you!

Click here to contact Karla Irvine - Your Dominion Lending Centres Mortgage Professional or visit her at www.karlairvine.ca

Why Use a Mortgage Broker?

Taking out a mortgage is one of the most important financial decisions you will ever make, yet most people spend more time researching and shopping for their new TV or great pair of shoes than they do their mortgage. For the average person, finding the time to educate themselves on the ins and outs of the mortgage world is far to time consuming; they end up at their local bank branch ready to accept whatever the bank is willing to give. Working with a broker takes the pressure off of you and puts it on us! A mortgage consultant will shop the industry on your behalf to find the best rate and terms for your personal situation. A mortgage consultant takes just one application and one credit bureau. Something that many people don’t realize is that every time a lender does a credit bureau inquiry, it affects your credit rating. When the average consumer seeks a Mortgage they may visit or call multiple lenders in an effort to secure the best rate. Each time one of these lenders pulls a credit bureau on the borrower in an effort to qualify them, the borrowers Beacon score drops. The Beacon score is a system used by the Chartered Banks and Credit Unions to score the credit worthiness of potential borrowers. In some cases, multiple inquiries may actually drop a qualified applicant below the required scoring threshold to qualify for the exact Mortgage that the borrower is simply pursuing the best rate for. A mortgage consultant can be a source of information; and because a mortgage consultant is not affiliated with any one particular lender, we can give you completely unbiased options to choose from.

So why use a broker? Your time is valuable. Brokers have established relationships with all types of lenders. By using a broker you can rest assured that you are getting the best deal possible. At Dominion Lending Centre, we pride ourselves in providing British Columbians with the finest mortgage brokerage services available. Our Residential Mortgage Service will ensure you pay the lowest rate and receive the most favorable terms available. All with no fees or hidden charges.

Dominion Lending Centres Vanisle
#603-5800 Turner Road,
Nanaimo, BC V9T 6J4

Products & Services

Mortgages Products & Services

At Dominion Lending Centre we offer a full range of Mortgage Services. Here is a list of just some of the services we offer:

Pre-Approvals:

It is a good idea to be pre-approved for mortgage financing before entering into a contact. To be pre-approved you must supply your mortgage broker with an application stating assets & liabilities, income and other personal information. You will also be required to provide income confirmation, usually a job letter and pay stub or T4. Once pre-approved you will have a clear picture of what you can afford allowing you to enter into a purchase contract with confidence.

Refinancing/ Consolidation Loans:

Even with today's rising interest rates, historically, they are still very low. With this in mind, combined with rising property values, many Canadians are choosing to refinance their existing mortgages. Refinancing replaces your existing mortgage loan with a new mortgage, often at a new lower rate. There are many reasons you may wish to refinance: to consolidate mortgage debt, finance home improvements to your home, use the equity in your home to pay off credit card and loan debt, or any other reason. Whatever your reason, tapping into your home equity and refinancing your current mortgage my be the best way to reach your goals.

Residential Mortgages:

Taking out a mortgage is one of the most important financial decisions and for most people, the largest purchase you will ever make. Whether buying for the first time or you've been through the process before, you are bound to have many questions about what your options are.

Construction Mortgages:

Building your dream home can be a stressful process, especially when acting as your own general contractor. We can help by arranging competitive builder's mortgage products with multiple construction draws over the construction phase of your project.

Mortgage Switches/Renewals:

For most Canadians, when they receive that renewal notice in the mail, the easy thing to do is just sign it and send it back. But think twice before doing so. Lenders count on up to 70% of renewers just signing the form and sending it in. Before accepting your current lenders interest rate and terms have your situation reviewed. Chances are things have changed and another lender will give you what you want at a rate you want. Mortgage renewal time is a great opportunity to ensure you have the right mortgage for your present needs; let us have the banks compete for business and get you the best options for your current needs.

Investment Loans:

Many people find that the easiest and most affordable way to access money to invest is through the equity that they have accumulated in their home. Speak with your mortgage consultant on what options are available to you.