Demand Loan vs. Term Loan. What’s the Difference?
October 31, 2018
Previous
Next
I want to see rates
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
1.80%
Current prime rate is
2.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.09%
- $477.88
- 2.79%
- $462.54
- $15.34
-
- 1 Year
- 3.14%
- $480.46
- 1.79%
- $413.39
- $67.07
-
- 2 Years
- 3.19%
- $483.05
- 1.79%
- $413.39
- $69.66
-
- 3 Years
- 3.49%
- $498.74
- 1.79%
- $413.39
- $85.36
-
- 4 Years
- 3.74%
- $512.02
- 1.79%
- $413.39
- $98.63
-
- 5 Years
- 4.59%
- $558.49
- 1.84%
- $415.77
- $142.72
-
- 7 Years
- 5.35%
- $601.69
- 2.54%
- $449.96
- $151.73
-
- 10 Years
- 5.60%
- $616.23
- 2.94%
- $470.17
- $146.05
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.
“Less than one year ago I was laughed out of the credit union, Michele McGarvey of Dominion Lending changed my family’s life and got us our first mortgage. Thank you again and I will never forget all you did for us!”
“I used to work in the financial industry and have dealt with many different professionals, so I can confidently say Michele is truly top notch in her field. I have recommended her to friends & family, and will continue to do so without hesitation.”
“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.”
Michele McGarvey and her team were very highly recommended to us and now we understand why. The whole team is knowledgeable, ready to answer any questions, are prompt to reply and follow through with the commitments they make. We are extremely grateful for the seamless transition of our new home purchase and in turn, would recommend their services.
“I’ll never get my mortgage through anyone but Michele now. She truly understands what good customer service is, and works hard for you and your family. She’s extremely knowledgeable and takes the time to explain the entire mortgage process to you, and she’s always available for extra questions or assistance. She’s definitely the best out there!”
Lenders
Current Rates
Current variable mortgage rate is
1.80%
Current prime rate is
2.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.09%
- $477.88
- 2.79%
- $462.54
- $15.34
-
- 1 Year
- 3.14%
- $480.46
- 1.79%
- $413.39
- $67.07
-
- 2 Years
- 3.19%
- $483.05
- 1.79%
- $413.39
- $69.66
-
- 3 Years
- 3.49%
- $498.74
- 1.79%
- $413.39
- $85.36
-
- 4 Years
- 3.74%
- $512.02
- 1.79%
- $413.39
- $98.63
-
- 5 Years
- 4.59%
- $558.49
- 1.84%
- $415.77
- $142.72
-
- 7 Years
- 5.35%
- $601.69
- 2.54%
- $449.96
- $151.73
-
- 10 Years
- 5.60%
- $616.23
- 2.94%
- $470.17
- $146.05
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.
Latest News
7 things every self-employed individual should know — Before you apply for a mortgage
October 24, 2018
A bride and a mortgage broker – Our House Magazine
October 17, 2018
Free Mortgage Review
Find out how much your home is worth.
Thanks for contacting us! We will get in touch with you shortly.
Take advantage of Dominion Lending Visa cards
I'm Interested!Videos
DLC - Self Employed Mortgage Solution
DLC Mortgage Life Insurance Explained
DLC- Understanding Your Credit Report
DLC - Fixed VS Variable Rates
Request a Call Back
Let us call you back when it's convenient for you!
Thanks for contacting us! We will get in touch with you shortly.
Keep up to date with the latest mortgage news
Sign up to our newsletter
Thanks for contacting us! We will get in touch with you shortly.