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Dominion Lending Centres
HELOC Mortgage Rate

3.50%
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. 60 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. 0%
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. 100%

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About Dominion Lending Centres

9 - 665 Millway Ave Vaughan, ON L4K 3T8

See more reviewsFeatured Reviews

Paul was recommended to me via our estate agent. My husband and I were first time homebuyers and the whole idea of a mortgage was completely overwhelming to both of us. Paul made the whole experience quick, painless and easy. He went out of his way to work around our schedule and always patiently explained terms and concepts clearly and made them easy to understand. Above all, he got us a fabulous rate. Thanks for everything Paul. Your hard work and dedication was very much appreciated!

-Candace Allison