Bank of Canada Holds Steady Amid Continued Trade Uncertainty ( in English –prime rate is not dropping like we hoped it would)
December 4, 2019
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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
3.80%
Current prime rate is
4.70%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 5.59%
- $615.64
- 5.44%
- $606.90
- $8.74
-
- 1 Year
- 5.44%
- $606.90
- 4.74%
- $566.89
- $40.01
-
- 2 Years
- 5.24%
- $595.34
- 4.94%
- $578.19
- $17.15
-
- 3 Years
- 5.34%
- $601.11
- 4.99%
- $581.04
- $20.07
-
- 4 Years
- 5.79%
- $627.38
- 4.99%
- $581.04
- $46.34
-
- 5 Years
- 6.14%
- $648.15
- 4.59%
- $558.49
- $89.66
-
- 7 Years
- 6.40%
- $663.77
- 5.54%
- $612.72
- $51.05
-
- 10 Years
- 6.55%
- $672.86
- 5.64%
- $618.57
- $54.29
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.
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Apply NowHi Jen,
A note of thanks for your support, advice, and service in our recent purchase and choice of mortgage. As someone used to a traditional mortgage with a big bank, you made the transition informed and easy to moving to a different lender. Your responsiveness to questions, advice, and proactive support made the process so much easier for us. I would and will recommend you to others.
Thanks again, Christina
Thanks again for all that you have done for Dinah and myself, you have gone above and beyond all of our expectations in getting us a new Mortgage with an incredible rate.You have made this stressful process that much more bearable and I thank you for that.
Regards
Dinah and Rene
It was our pleasure to start working with Jen Lowe in 2019 as we were starting our transition from Ontario to Victoria BC. Jen was extremely approachable and very knowledgably about all things related to mortgages, rates, and local financial institutions. She provided best option scenarios for us. Moving from Ontario is stressful let alone trying to find a home in the Victoria housing market. Jen provided a lot of calm in that storm. She quickly secured a mortgage and line of credit for us that more than met our needs and made looking for our new home a pleasure. Jen was always responsive, happy to deal with any question, and generally provided outstanding customer service. Jen is fun to work with and very understanding of stages of life situations and related financial needs. With Covid we sadly only met online but we quickly felt we had a strong ally in finding us the best scenario for our needs and assets. When one day before our home closed (due to a mistake on OUR part) Jen needed to do some fast last-minute maneuvering to ensure we had the finances we needed available on time, she was extremely gracious in dealing with the situation and provided solid advice and fast service. All worked out well and it was clear from Jen’s reaction that she truly cared about the outcome and was relieved that we could proceed with the purchase. We are now happily settled in our new home and very appreciative of Jen’s assistance in getting us here. We would have no hesitation recommending Jen to anyone seeking to find the right mortgage for them.
Christiane and Holt
I’m very grateful for having you as my mortgage broker. From the very first conversation we had on the phone, I felt immediately that I can rely on you for explaining things and guiding me through the daunting process of getting qualified for a mortgage. You were always available to answer my questions and I felt confident that I was making the best decisions. I will recommend you to anyone I hear that might be in need of a mortgage broker. I also like the themed draws that you come up with!
Thank you again. 🙂
Dorina
Thank you again for all your hard work. We came to you with a complex situation and a very tight timeline and not only did you get everything done in time, we got a fantastic rate. There were a lot of documents flying around, and a lot of back and forths, but we really appreciated all that you did for us! Thank you.
Cheers,
Adam Ford
There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional. I have over 17 years experience in the financial services industry, previously having worked for 2 major banks, TD and RBC before becoming a broker over 6 years ago.
While a bank only offers the products from their particular institution, I have access to over 50 lenders including major banks, credit unions and other financial institutions, thru DLC Modern Mortgage Group. I offer my clients more choice, and access to hundreds of mortgage products! As a result, you, as my client, benefit from the trust, confidence, and security of knowing you are getting the best mortgage for your needs.
On a personal note I am born and raised on Vancouver Island! I have 2 kids that are growing up way too fast and have a huge love for animals. My daughter is extremely smart and doing very well in school and my son keeps me busy with his competive lacrosse programs he is involved in.
The largest purchase in a person’s lifetime is their home. Whether you are a first time home buyer, a home owner taking out equity for pleasure or investment or simply renewing your mortgage, I can provide you with professional unbiased advice to help in your mortgage decision making process.
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