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Dominion Lending Centres
1-Year Fixed Mortgage Rate

2.79%
Dominion Lending Centres
Rates Updated:  
Rate hold:        Rate hold The rate hold is the time period, between 30-120 days, before your mortgage renewal date you are able to lock in the current mortgage rate. If rates go down further within this period, however, many lenders will honour the lower rate. 90 days
Prepayment options:        Prepayment options Prepayment options outline the flexibility you have to increase your monthly mortgage payments or make a lump sum outlay against your mortgage as a whole. According to the Canadian Association of Accredited Mortgage Professionals (CAAMP), 28% of mortgage holders used one or both prepayment privileges in 2010.
Increase Monthly Payment by:        Increase Monthly Payment by The monthly mortgage payment is calculated based on the mortgage amount, amortization period and the associated mortgage rate. A general affordability rule is that your monthly housing costs should not exceed 32% of your gross household monthly income. 20%
Lump Sum:        Lump Sum Lenders allow you to put a lump sum payment against your mortgage each year ranging from 0%-25%. A 25% lump sum prepayment privilege would allow you pay your mortgage off completely in 4 years. 20%

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About Dominion Lending Centres

9 - 665 Millway Ave Vaughan, ON L4K 3T8

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Of all the companies that we have worked with, Paul Poirier has been the most reliable and friendly representative of them all. When working with Paul, you don't feel like you're speaking to a company representative, you feel like you're talking to a friend. All of our questions have been answered with clarity and professionalism; also, all of our calls and always been returned as soon as possible.

-Anne Atkinson