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
1.95%
Current prime rate is
2.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.09%
- $477.88
- 3.14%
- $480.46
- $-2.58
-
- 1 Year
- 3.14%
- $480.46
- 1.99%
- $422.97
- $57.49
-
- 2 Years
- 3.19%
- $483.05
- 1.99%
- $422.97
- $60.08
-
- 3 Years
- 3.49%
- $498.74
- 1.99%
- $422.97
- $75.77
-
- 4 Years
- 3.74%
- $512.02
- 1.99%
- $422.97
- $89.05
-
- 5 Years
- 4.59%
- $558.49
- 2.04%
- $425.38
- $133.10
-
- 7 Years
- 5.35%
- $601.69
- 2.79%
- $462.54
- $139.15
-
- 10 Years
- 5.60%
- $616.23
- 3.19%
- $483.05
- $133.18
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.
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!
“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!”
“This is the first mortgage that we have taken that has been a pleasure to get. You made that process go very smoothly for us and we very much appreciate that. This was also done over the phone or through email, with no inconvenient meetings to try and make. It was a pleasure working with you on this transaction and we will call you again if we need help in the future.”
“Michele was very thorough explaining all of the possible options, and how things would work with each of them. She was very accommodating to our complicated schedule and worked with us over phone & email to progress our file until signatures were required. We would definitely use Michele’s services again in the future.”
“I just wanted to say a big thank you to Michele. I have dealt with several mortgage brokers trying to get my home, and she is by far the best. When other brokers said they could not help me, Michele really stepped up to the plate. She was available to me whenever I needed her and went the extra mile to get me the best possible mortgage. I would defiantly recommend her to any of my friends and family, and will defiantly be using her for any future home purchases. Again thank you Michele, you made owning my own home a reality, and I would not be here without your hard work and dedication.”
Lenders
Current Rates
Current variable mortgage rate is
1.95%
Current prime rate is
2.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.09%
- $477.88
- 3.14%
- $480.46
- $-2.58
-
- 1 Year
- 3.14%
- $480.46
- 1.99%
- $422.97
- $57.49
-
- 2 Years
- 3.19%
- $483.05
- 1.99%
- $422.97
- $60.08
-
- 3 Years
- 3.49%
- $498.74
- 1.99%
- $422.97
- $75.77
-
- 4 Years
- 3.74%
- $512.02
- 1.99%
- $422.97
- $89.05
-
- 5 Years
- 4.59%
- $558.49
- 2.04%
- $425.38
- $133.10
-
- 7 Years
- 5.35%
- $601.69
- 2.79%
- $462.54
- $139.15
-
- 10 Years
- 5.60%
- $616.23
- 3.19%
- $483.05
- $133.18
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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