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Dominion Lending Centres
5-Year Variable Mortgage Rate

2.90%
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. 120 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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Paul is hands down the most thorough, comprehensive, accessible, Mortgage broker I have dealt with, and let me tell you in 10 years I have dealt with my share. By comparison - there is no comparison. Paul steps outside the traditional Broker style and goes above and beyond in every case. Whenever I have referred Paul to a client, I have always heard rave reviews - without exception, which is why Paul has always gotten my referral business and shall continue to get it. If Paul says 'I can do it' -he will do it. Buying a home and getting a mortgage can either be one of your best experiences or one your worst, let Paul help you and make it the best!

-Marvyn Chabot