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
1.98%
Current prime rate is
2.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.14%
- $480.46
- 3.14%
- $480.46
- $0.00
-
- 1 Year
- 3.24%
- $485.65
- 2.14%
- $430.24
- $55.41
-
- 2 Years
- 3.39%
- $493.48
- 2.14%
- $430.24
- $63.24
-
- 3 Years
- 3.79%
- $514.70
- 2.14%
- $430.24
- $84.46
-
- 4 Years
- 3.94%
- $522.77
- 2.14%
- $430.24
- $92.54
-
- 5 Years
- 4.84%
- $572.53
- 2.24%
- $435.12
- $137.41
-
- 7 Years
- 5.80%
- $627.97
- 2.99%
- $472.73
- $155.23
-
- 10 Years
- 6.10%
- $645.76
- 3.25%
- $486.17
- $159.60
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.
“As a first time homebuyer, I came into the process with very limited knowledge about borrowing funds for a home. Michele made it extremely easy for myself to trust her in the assist of finding the best lender possible. Whether it was timely information, or quick advise. Michele was always available for me to talk to. As a customer, she made me feel very comfortable and valued with her personal touch and professional knowledge.”
“Michele was very friendly, professional, and knowledgeable. She kept in good contact. As a first time homebuyer, she made sure to keep me updated, and coached me through the whole process, even including things that more than likely, weren’t directly associated with the mortgage process.”
“Michele, helped us out of a tough financial situation. She showed professionalism and class, to help us out.”
“Michele is professional, available, and just generally wonderful to work with. Highly recommended!”
“I was a first-time home-buyer with little knowledge of mortgages and how to go about getting one. Michele made the whole process very simple and went to great lengths to ensure I understood all aspects of the process and contracts. I never felt rushed and there was no pressure. She was very professional, yet friendly and approachable. It was an overall positive experience, and I will undoubtedly work with her again when the time comes.”
Lenders
Current Rates
Current variable mortgage rate is
1.98%
Current prime rate is
2.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.14%
- $480.46
- 3.14%
- $480.46
- $0.00
-
- 1 Year
- 3.24%
- $485.65
- 2.14%
- $430.24
- $55.41
-
- 2 Years
- 3.39%
- $493.48
- 2.14%
- $430.24
- $63.24
-
- 3 Years
- 3.79%
- $514.70
- 2.14%
- $430.24
- $84.46
-
- 4 Years
- 3.94%
- $522.77
- 2.14%
- $430.24
- $92.54
-
- 5 Years
- 4.84%
- $572.53
- 2.24%
- $435.12
- $137.41
-
- 7 Years
- 5.80%
- $627.97
- 2.99%
- $472.73
- $155.23
-
- 10 Years
- 6.10%
- $645.76
- 3.25%
- $486.17
- $159.60
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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