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
1.25%
Current prime rate is
2.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.04%
- $475.30
- 2.79%
- $462.54
- $12.76
-
- 1 Year
- 2.79%
- $462.54
- 1.84%
- $415.77
- $46.77
-
- 2 Years
- 2.94%
- $470.17
- 1.54%
- $401.59
- $68.59
-
- 3 Years
- 3.49%
- $498.74
- 1.54%
- $401.59
- $97.16
-
- 4 Years
- 3.74%
- $512.02
- 1.84%
- $415.77
- $96.25
-
- 5 Years
- 4.59%
- $558.49
- 2.04%
- $425.38
- $133.10
-
- 7 Years
- 5.35%
- $601.69
- 2.84%
- $465.07
- $136.61
-
- 10 Years
- 5.60%
- $616.23
- 2.79%
- $462.54
- $153.69
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 NowJen is one of the most thorough, honest and helpful brokers I’ve ever worked with. She presented me with options to keep me on budget and provided me with all the information I needed to know to make the right choice for purchasing my home. She knows the market and secured a rate prior to it going up, saving me thousands of dollars. I received thorough and prompt responses when I asked my crazy questions and she worked closely with my realtor, Ian Jules, to keep me feeling secure on my choice – she was a huge asset to me making the decision to purchase my home, on my own. Jen would be a great asset to anyone trying to get or secure the best mortgage!
Thank you Jen, Tucker and I love our new home!
~A. Boyd,
Shawnigan Lake, BC
Adam and I wanted to take to the opportunity to tell you what a pleasure it was working with you. The job you did helping us secure our mortgage for our home here in Langford was excellent and was far and away the least stressful part of the whole transition. The level of service you provided us was, in our opinion, second to none, and we really appreciated you working (again and again!) to get us the best rate possible.
We will not hesitate to recommend you to others of our friends who are moving to the Island (and we know a few!) or who are looking to purchase a new home.
Thank you again for all you work. It did not go unappreciated.
Jake & Adam
Jen offered to help secure a mortgage for me when my bank declined me in Feb 2017 which was just before taking a medical leave of absence from work to receive cancer treatments. Despite Jens efforts at the time we couldn’t find a lender while I was off work dealing with this illness. However in June my cancer treatment was successful and I returned to work. Jen continued her search on my behalf and just before 6 months passed she helped me secure an excellent mortgage. The wait was worth it! I would recommend Jen to anyone. She will get the job done and find the deal you need.
D Grinham
Just wanted to thank you for your time and counsel session yesterday. You are very good at what you do. I appreciate so much that my daughter has put her trust in you, and that she also extols your talents. As the senior around my family I like how you listened to both of us yesterday, and responded to each of our concerns and questions. You were attentive to my input as well, and came back to my reflections a few times. It is always dicey with family members when it comes to discussing money issues. Thank you again Jen.
Joanne DiCastri
I received this amazing nomination for Woman Unlimited Award in the category of ‘Awesome Mom’ from April Dorey, Financial Planner at Raymond James
Three words that best describe this woman you are nominating?
Energetic! Caring! Sincere!
Jen designed her career as an independent mortgage broker around being able to balance her duties as a mom while helping to provide for her family. She is actively involved in the everyday experiences of her two children and family in addition to successfully offering her professional service. Jen is highly energetic and thats lucky, because she not only works hard in her career, but for her family too!
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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