Alison can provide you with detailed mortgage information.
We work closely with Alison Lopes to help give advice and service.
Dominion Lending Centres Premier Mortgages has access to the very best products and rates available across Canada.
We can help you achieve your financial goals. When was the last time you had a mortgage checkup?
In today's market, it is as critical as ever to make sure your financial plan is still working for you.
We can quickly evaluate your situation and can assure you have the best mortgage product available. Call us today for a free Mortgage checkup.
Whether you’re thinking about buying a new home, getting a home equity loan or line of credit, or refinancing an existing Mortgage, our Interactive Mortgage Calculators will allow you to explore your Mortgage options to make the right home financing decision.
1) Get Pre-Approved: Avoid any hiccups or obstacles before you begin the home shopping process. Being pre-approved helps in the following ways:
- Determines price range – it’ll help you understand what your monthly costs will be and determine your price range.
- Guarantees the rate – from 90-120 days. And we’ll automatically adjust your rate down with any market reductions.
- Allows you to put in a competitive offer – become a successful bidder with a short subject to financing requirement.
2) Put in an Offer: Once you have found the property that meets your needs, you’ll put in an offer that will either be accepted or countered. This may go back and forth until you reach an acceptable price with the vendor.
3) Offer is Accepted:
- Send us a copy of the Purchase and Sale, along with a copy of the MLS listing.
- An appraisal is ordered (if necessary)
- Send in any remaining documents required for financing (e.g. Void cheque)
- Income Confirmation – For salaried individuals: letter of employment and your most recent pay stub. For self-employed individuals, the last two years of your T1 General tax return & NOAs, and business license.
- Down Payment Confirmation – The lender will require that you prove the source of your down payment. You’ll have to send in bank statements, statements showing RRSPs, stocks, etc. You must show a three-month history of your accounts. If there are any large lump-sum deposits, you’re likely to be asked to show where the deposit originated.
- Send us your solicitor contact information.
- Contact an inspector (if applicable) – Your realtor will assist you
- Receive the lender’s approval on property and final approval letter
4) Remove Conditions: At this point, your financing is in place and you’re ready to proceed with the purchase of the property.
5) Lawyer’s Office: You’ll be asked to provide any money that is to be used as your down payment, which is not already on deposit with your realtor. Typically, you’ll go in 1-2 days prior to the completion date.
Other Programs we Offer:
New to Canada Program: Many of the available New to Canada mortgage products apply to new immigrants who have been in the country for up to 36 months.
I can help set the home financing process in motion by securing a mortgage rate guarantee and pre-approval, and figuring out what supporting paperwork you need to provide to purchase a home in Canada – even before you move.
Purchase Plus Improvements:
Does the new home you are going to purchase need some renovations?
We help home buyers pay for their renovations, with one manageable mortgage, and as little as 5% down!
Purchase Plus Improvements is for consumers looking to purchase a home that has great potential but needs a little upgrading or renovating. This program allows you to make improvements immediately after taking possession of your new home and have the costs rolled into one easy-to manage mortgage.
First time home buyers Incentives:
RRSP withdrawal as a down payment: The Home Buyers Plan allows first-time home buyers to withdraw up to $25,000 PER BUYER, from an RRSP to purchase a home without having to pay tax on the withdrawal.
Ontario Land Transfer Tax: First Time Homebuyers can receive a reduction of up to $2,000.00 on Ontario Land Transfer Tax.