Frequently Asked Questions
Answers to Common Mortgage Questions
In which provinces are you licensed to provide mortgage services?
We are fully licensed to provide expert mortgage solutions to clients across British Columbia (BC).
What types of mortgage services do you offer?
We offer a comprehensive range of services, including mortgages for first-time homebuyers, mortgage renewals, refinancing, and real estate investments. We also specialize in Bridge Loans, Rental Loans, Overseas Mortgages, and Commercial & Leasing solutions.
Do you offer mortgage options for self-employed individuals?
Yes, we provide tailored Self-Employed Solutions. We understand that non-traditional income can make securing a mortgage challenging, and we work with specialized lenders to find the right fit for your unique financial situation.
Can I pay off my mortgage early without facing extra fees?
Yes! We offer flexible mortgage options with no prepayment penalties, allowing you to pay off your mortgage early without incurring additional charges.
How can I estimate what my monthly mortgage payments will be?
You can use the live Mortgage Calculator directly on our homepage. Simply enter your expected home price, down payment percentage, interest rate, and preferred amortization period (e.g., 15 to 30 years) to get an instant estimate of your monthly payments.
Should I choose a Fixed Rate or a Variable Rate mortgage?
This depends on your financial goals and risk tolerance. We provide expert consultations to help you navigate Fixed Rate vs. Variable Rate options and determine the right term that aligns with your long-term plans.
Can you help me access the equity in my current home?
Absolutely. We offer Home Equity and Mortgage Refinancing services to help you unlock the value you’ve built in your property, whether you want to consolidate debt, renovate, or invest in a new property.
What is a Mortgage Pre-Approval and do I need one?
A Mortgage Pre-Approval determines how much you can afford to borrow before you start house hunting. It locks in an interest rate for a set period and shows sellers you are a serious buyer. You can start the pre-approval process by clicking the “APPLY NOW!” button on our site.
Do you offer commercial mortgages in addition to residential ones?
Yes, in addition to residential home financing, we also offer Commercial & Leasing mortgage solutions for businesses and commercial property investors.
How can I get in touch for a mortgage consultation?
You can reach out to us to schedule a Mortgage Consultation by calling us at (778) 512-5514, emailing abdullah@dominionlending.ca, or using the contact forms available on our website. There is no obligation, and our advice is secure and private.