Demand Loan vs. Term Loan. What’s the Difference?
October 31, 2018
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Welcome
Whether you are a first-time buyer or an experienced buyer with excellent credit, Dominion Lending Centres has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Get in TouchCurrent Rates
Our rates are always competitive and we pride ourselves on making sure that you get the best possible rate available to you. Check out our current rates below, compared to the competition.
Current Rates
Current variable mortgage rate is
2.95%
Current prime rate is
3.95%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.34%
- $490.86
- 3.30%
- $488.77
- $2.09
-
- 1 Year
- 3.59%
- $504.03
- 3.29%
- $488.25
- $15.78
-
- 2 Years
- 3.74%
- $512.02
- 3.14%
- $480.46
- $31.56
-
- 3 Years
- 3.89%
- $520.07
- 2.89%
- $467.62
- $52.45
-
- 4 Years
- 3.94%
- $522.77
- 3.14%
- $480.46
- $42.31
-
- 5 Years
- 5.34%
- $601.11
- 2.97%
- $471.71
- $129.40
-
- 7 Years
- 5.80%
- $627.97
- 3.69%
- $509.35
- $118.62
-
- 10 Years
- 6.10%
- $645.76
- 3.85%
- $517.92
- $127.84
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. E.& O.E.
Calculators
Our Interactive Mortgage Calculators will allow you to explore your Mortgage options to make the right home financing decision.
Use NowHow to Apply
Applying for a mortgage couldn’t be easier. Just complete our secure application and we will be in touch shortly.
Apply NowThere are generally two ways to get a mortgage in Canada: From a bank or from licensed mortgage professional Michele McGarvey.
While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada's largest banks, credit unions, trust companies, and financial institutions; offering their clients more choice, and access to hundreds of mortgage products! As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs.
Whether you're purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, it's important that you are making an educated buying decision with professional unbiased advice.
“Michele went out of her way to accommodate my needs. Most importantly, she listend to what I needed before making any decisions. With my lengthy hours at work and distance from her office, we were able to complete all the paper work online. Michele has built relationships at banks that made dealing with them more of personal experience. Michele was clear on the process, how long it would take and the possible outcomes. A solid pleasant experience.”
“Been 40 years since our last mortgage, so she helped us through the process. Felt very comfortable.”
I will use Michele for every mortgage I get for as long as she will have me as a client. I will continue to refer to her anyone I know who needs a broker. She continues to go above and beyond at every opportunity to make a very difficult, complicated and stressful process easy, well explained and simplified. Even when we encountered an issue, she made it her personal mission to solve the problem quickly. Her and her team are absolutely outstanding!
“I want to thank Michele for all the help she provided me through the whole process of buying my condo!
Michele provided fantastic hands-on service through every part of, not just the Mortgage, but the whole purchase process. I really appreciate how timely and dedicated she was every step of the way, including the incredibly quick response to any of my questions. As a first-time buyer, it was really great having that sort of knowledge and service. I never felt like there was any part of the Mortgage I had any doubt or uncertainty about.
I will absolutely be coming to Michele for any future mortgage needs, and I will also recommend her to anyone I can.”
“Michele helped us through the process of financing our mortgage from A – Z. She was not resting until the job was done perfectly and to our satisfaction. Working after hours and visiting at our house are some of the attributes we greatly appreciated.”
Lenders
Current Rates
Current variable mortgage rate is
2.95%
Current prime rate is
3.95%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.34%
- $490.86
- 3.30%
- $488.77
- $2.09
-
- 1 Year
- 3.59%
- $504.03
- 3.29%
- $488.25
- $15.78
-
- 2 Years
- 3.74%
- $512.02
- 3.14%
- $480.46
- $31.56
-
- 3 Years
- 3.89%
- $520.07
- 2.89%
- $467.62
- $52.45
-
- 4 Years
- 3.94%
- $522.77
- 3.14%
- $480.46
- $42.31
-
- 5 Years
- 5.34%
- $601.11
- 2.97%
- $471.71
- $129.40
-
- 7 Years
- 5.80%
- $627.97
- 3.69%
- $509.35
- $118.62
-
- 10 Years
- 6.10%
- $645.76
- 3.85%
- $517.92
- $127.84
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. E.& O.E.
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