HOMEBUYERS WITH POSSESSION BEFORE MARCH 30TH, 2024
MORTGAGE HOLDERS RENEWING BEFORE MARCH 30TH, 2024

Fixed mortgage rates are slowly decreasing, and it’s the perfect time for YOU to save big on your mortgage rate. Your current lender may not reduce the rate offer already presented to you. At DLC Mainstream Mortgages, we monitor rates daily and will automatically request a rate drop if appropriate for all of our clients.

Why settle for the ordinary when you can have extraordinary? 🌟Before you commit, why not give your mortgage a second look? We’re here to ensure you’re not just getting a house but a HOME that fits your budget and dreams.

Why Choose DLC Mainstream Mortgages for a Second Opinion?

1️⃣ Expertise: Our team boasts years of experience in the mortgage industry, ensuring you get the best advice tailored to YOUR needs.

2️⃣ Personalized Service: Your dream home is unique, and so are you. We craft solutions that fit YOU, not the other way around.

3️⃣ Savings Guaranteed: With rates on the decline, now’s the time to explore your options. We’re committed to finding you the best deal possible.

🏠 Ready to take the next step? Here’s what to do:

✅ Check your current rates – are you getting the best deal?
✅Contact DLC Mainstream Mortgages for a complimentary second opinion.
✅Start packing for your dream home!

📞 Contact us today for your personalized consultation. Your dream home awaits, and we’re here to make it a reality!

Peter Paley, Colten Boudreau & Derek Vandall
Dominion Lending Centres – Mainstream Mortgages
Phone/Text: (431) 482-2187
E-mail: GreatRates@MainstreamMortgages.Com
www.MainstreamMortgages.ca
Download our FREE mortgage app at www.mainstreamapp.ca

#DreamHome #MortgageSavings #Homeownership #DLCMainstreamMortgages

Business Owners! Did you know that DLC Mainstream Mortgages also does Commercial Equipment Leasing? These post-pandemic times are just plain different. CEBA loans are due, demand for products and services may be wavering, and expenses and inflation have taken their toll.

Businesses of all types are experiencing challenges like never before. Commercial Equipment Leasing will allow you to upgrade/replace older/unreliable equipment or purchase new equipment that can improve your business’ efficiency.

✅Excellent Pricing, Terms & Solution Focused
✅Canada-wide approvals
✅High Credit Approval Ratio
✅One Day Credit Approvals
✅Speedy & Convenient
✅Reporting and Asset Tracking
✅Brand New Businesses Welcomed
✅Small & Medium Sized Business focused
✅Vendor Leasing opportunities for dealers and/or manufacturers

Click the link to find out more and apply. It is quick and easy

https://peterpaley.com/commercial-leasing/

The Manitoba Metis Federation has a beautiful grant program for Metis Citizens.   The program will provide 5% of the purchase price up to $18,000.00 plus closing costs of up to $2,500.00 for a total maximum grant of $20,500.00.  The grant is forgivable, if the applicants remain in their home as their principal residence for 10 (ten) years after which time the FTHPP will be forgiven and discharged from the title.

Eligibility:

• Proof of Metis Citizenship
• Be 18 years of age or older
• Must meet and qualify for a mortgage using lender and default mortgage insurer lending guidelines
• The purchased home must be the applicant’s primary residence.
• Applicants must not have ownership in any real estate (including land) with a market value of more than $30,000.00
• Family/Household taxable income as stated in the CRA notice of Assessments must be below $100,000.00
• Applicants must have current combined liquid assets of less than $60,000.00
• Maximum home purchase price of $600,000.00

Application Process:

Follow the link below to get the MMF Grant Application Today

Apply for the MMF – FTHPP Today! 

Conditions:

• All funds advanced will be sent to the lawyer in trust and will be applied towards the purchase of the home and related closing costs
• a ten (10) year 2nd mortgage charge will be registered by LRCC – Louis Riel Capital Corporation against the property behind the principal mortgagee to ensure long-term residency.
• The Metis applicants must remain in the home as their principal residence for 10 years after which time the FTHPP mortgage will be forgiven and discharged.
• The applicant may put up to $60,000.00 of their own funds toward the purchase of the home.
• The applicant may use the MMF-FTHPP in conjunction with the Government of Canada’s FTHBI – First Time Homebuyer Incentive
• The applicant will need to have enough of their own funds to make a deposit on a home.
• Co-signors are permitted if they will be living in the home and be co-applicants on the mortgage.
• If you want to move to a new home within the 10-year period the mortgage may be transferred.
• Exceptions for divorce or separation may be made to keep the grant in place.

Contact us for more information and to apply for your mortgage!

If you’re in the market for a new home, one of the best things to do is visit open houses!   You will be able to see what you like, check out different neighbourhoods, and interview REALTORS if you haven’t hired one yet!

To qualify for your mortgage please contact us directly or download our app from www.mainstreamapp.ca

If you’re ready to proceed with a formal application try our secure online application by clicking the following link APPLY FOR MY NEXT MORTGAGE NOW!

WINNIPEG OPEN HOUSES – NOVEMBER 26, 2023

CALGARY OPEN HOUSES – NOVEMBER 26, 2023

EDMONTON OPEN HOUSES – NOVEMBER 26, 2023

Peter Paley, Colten Bourdreau & Derek Vandall
Phone/SMS: 431.482.2187
E-mail: GreatRates@MainstreamMortgages.Com
Website: www.MainstreamMortgages.ca
DOWNLOAD OUR CONTACT CARD

Canadian Mortgage Default Insurance, commonly known as mortgage insurance, is a type of insurance that protects lenders in the event that a borrower defaults on their mortgage payments. This insurance is typically required when a homebuyer has a down payment of less than 20% of the purchase price of the home.

Here are some key points to explain Canadian Mortgage Default Insurance;:

1. Purpose: The primary purpose of mortgage default insurance is to protect lenders, such as banks and other financial institutions, from financial losses in case the borrower is unable to make their mortgage payments.
2. Down Payment Threshold: In Canada, borrowers are generally required to purchase mortgage insurance if their down payment is less than 20% of the home’s purchase price. This is often referred to as a high-ratio mortgage.  Borrowers with 20% down or more may choose to pay the insurance premium to get a better rate at the time of the application and on subsequent renewals.
3. Insurers: Mortgage default insurance in Canada is provided by Canada Mortgage and Housing Corporation (CMHC), as well as private insurers such as Sagen (formerly Genworth Canada), and Canada Guaranty.
4. Costs: The cost of mortgage insurance is usually borne by the borrower and can be a one-time premium paid at the beginning of the mortgage or added to the mortgage principal.  The premium ranges from 0.60% – 5.85% of the mortgage amount depending upon the mortgage program being applied for.
5. Beneficiary: While the borrower pays for the insurance, the primary beneficiary is the lender. This insurance gives lenders the confidence to provide mortgages to borrowers with smaller down payments.
6. Homeownership Access: Mortgage default insurance plays a crucial role in making homeownership more accessible to a broader range of Canadians by reducing the down payment requirements.
7. Loan-to-Value Ratio (LTV): The loan-to-value ratio is a key factor in determining the need for mortgage insurance. It is calculated by dividing the loan amount by the appraised value of the home.

   If you are looking to purchase your first home, have an upcoming renewal, or need to refinance your existing mortgage, we are here to help!

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We understand that facing the possibility of mortgage foreclosure can be an incredibly challenging and emotional experience. Life throws unexpected challenges our way, and we want you to know that you’re not alone.

At DLC Mainstream Mortgages, we believe in the power of compassion and support during difficult times. If you or someone you know is navigating the tough journey of mortgage foreclosure, please reach out. We’re here to listen, to understand, and to offer guidance.

Our dedicated team is committed to helping you find solutions and navigate through these tough times. We’re not just about mortgages; we’re about building a community and supporting each other through thick and thin.

Every situation is unique, and we approach each case with care and empathy. It’s okay to ask for help, and it’s okay to share your concerns. Your well-being is our priority, and together, we can explore options that work for you.  You must address your lender’s notices immediately by calling us and we will do everything that we can to find a solution.

Here are the steps of foreclosure in Manitoba: This information is credited to Peter Sim of TDS LAW and the full article can be found here MORTGAGE FORECLOSURE PROCEEDINGS IN MANITOBA – PETER SIM

1. Once a mortgage has been in default for at least one month, the mortgagee may file a Notice Exercising Power of Sale (NEPS) in the Land Titles Office.
2. The mortgagee serves the NEPS by personal service on the mortgagor and all other persons having a registered interest in the land after the mortgage.
3. One month after service of the NEPS the mortgagee may apply to the Land Titles Office for an Order for Sale. This Order generally provides for sale by public auction, private contract, or both.
4. If the order is for sale by public auction, the mortgagee must advertise the auction in a local paper and send notice by mail to all parties served with the NEPS at least 14 days before the auction.
5. The auction will be subject to a reserve bid which must not exceed the amount of money secured by the mortgage plus costs of the sale.
6. If the property does not sell at auction the mortgagor may list the property for private sale. A Notice of intention to Sell by Private Contract must be served by mail to all parties served with the NEPS. The listing agreement and any offer to purchase the property must contain provisions making any sale of the property subject to approval by the District Registrar.
7. On the closing of a private sale, the offer to purchase, transfer documents, and supporting evidence must be submitted to the District Registrar for approval. The District Registrar will require one appraisal and one opinion of value for the property which must be dated or updated within two months of the agreement of sale. The parties providing the valuations must be independent of the mortgagor, the purchaser, any listing or selling agent, and each other. The purchase price must generally be at least 90 percent of the lowest estimate of value.
8. Once the mortgage has been in default for at least 6 months, and the property has been offered for sale at auction, the mortgagee may apply for a Final Notice to Redeem. This notice must be served on all parties who were served with the NEPS.
9. One month after the last service of the Final Notice to Redeem the mortgagee may apply for a Final Order of Foreclosure.
10. The mortgagee may register the Final Order of Foreclosure in the Land Titles office and transfer the title to the property to the name of the mortgagee. This will extinguish the covenants under the mortgage, including any guarantees of the mortgage debt. The mortgagee does not have to register the Final Order of Foreclosure and may choose to keep it on file and attempt to collect under the deficiency judgment. *

Remember, there’s strength in reaching out. You’re not alone in this journey and it is important to act quickly and get ahead of any court or legal proceedings.

Please don’t hesitate to contact us for a confidential discussion. We’re here to help, and we believe that together, we can find a path forward.

Whether you’re jetting off to ☀️ sunshine and warm sand, an international adventure 🌍, or a weekend getaway, before you go there are a few things you can do to protect your home while you’re away! 🏡✈️

1. Unplug all electronics and appliances: To reduce energy costs while you are traveling (and mitigate any risk of unexpected fires), it is a good idea to unplug all electronics and appliances. This includes your microwave, toaster, televisions, entertainment and gaming systems, computers, etc. 🔌🔥
2. Clear out your fridge and take out any trash: The last thing anyone wants is to come back home and realize they forgot to clean up before you left! To avoid any odours or unwelcome surprises when you get home, be sure to clear out your fridge and take out any and all trash before heading off on your holidays! 🍕🗑️
3. Adjust your thermostat: While potentially not as necessary for a weekend getaway, this is extra important for longer trips. Depending on when you’re traveling, whether it is summer or winter, you may want to adjust your thermostat to maintain humidity balance and avoid your home being stuffy when you return. On the other hand, some individuals will opt to leave their thermostats at a comfortable temperature when traveling during colder seasons to ensure a nice warm welcome upon return! ❄️🌡️
4. Close and lock all windows and additional entrances: Ensure that all your windows and entrances are locked and sealed tight. You can choose to close blinds or leave them open, depending on your comfort levels and the items in your home. Be mindful that the more you leave open, the more potential thieves will be able to see inside. 🔒🏠
5. Water plants: Again, depending on the length of your trip, you may be fine to simply give your plants one last big drink before traveling, or you may consider having someone check on your home while you’re away and look after your plants. 🌿🚿
6. Set up a pet sitter and/or someone to check on your home: Similar to point five, depending on your situation and whether or not you have pets, you may choose to have someone stay in your home or pop by every day to check on them and provide food and water. In some cases, you may opt to board your pet instead, but having someone stop by your home every other day while you’re away is a good rule of thumb to avoid potential issues. 🐾🏠
7. Leave a vehicle in your driveway: This is a simple step that can help with deterring potential thieves by implying that there is someone at home. 🚗👀
8. Set your home alarm: If you have an alarm installed, be sure to set it to an appropriate level for while you’re away. If you leave your alarm activated, be sure to provide the code to whoever will be checking your home, as well as potentially a neighbour you trust should anything happen in the home. If you don’t have a home alarm, you may consider setting your lights on a timer or utilizing a motion sensor bulb to create the illusion of movement in your home. 🚨💡
9. Check your smoke detector: Ensure your smoke detector is working properly before you leave. Turning off your electronics per step 1 and adjusting your thermostat per step 3 will assist with reducing any potential risk of fire damage, but having a working smoke alarm is imperative to alert neighbours for quick action while you are out of your home. 🚭🔊
10. Leave your emergency contact information with a neighbour: Lastly, we have mentioned neighbours a few times as, depending on your relationship with them, they are important contacts for when you are traveling. If you have someone else stopping by to check your home, it can be a good idea to simply leave that individual’s contact information with a neighbour so that your trusted friend can check out any situations that might arise. ☎️👥

    If you are looking for a new home or planning to refinance or renew your existing mortgage, we would love to be your mortgage brokers!

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In a cozy new home, ‘neath twinkling lights so bright,

A family dreams on this silent, festive night. 🏡✨

Snowflakes dance, a winter’s tale they weave,

As the joy of their mortgage and holiday magic interleave. ❄️✨

The fireplace whispers tales of hearth and loan,

A mortgage journey, a safe haven sweetly grown. 🔥🏠

Through the years, payments made with cheer,

Building equity, is a gift that is abundantly clear. 🌟💰

Tinsels and ornaments adorn the tree,

Much like each payment, that is part of the key. 🎄🔑

To a future of stability, snug and warm,

Where their mortgage, like tinsel, adorns. 🏡🌟

Jingling bells echo in the winter air,

A reminder of low interest, light as a snowflake’s flair. 🔔❄️

Yet, the hearth’s warmth, and the family’s delight,

Extinguish worries, making burdens light. 🔥💖

Carols resonate, a melody so fine,

Matching the rhythm of payments on time. 🎶💸

From the first holiday to the one that’s near,

A mortgage carol, sung loud and clear. 🎄✨

On this yuletide eve, with loved ones near,

Reflecting on their mortgage, without any fear. 🌙🎁

A home, a haven, where love takes flight,

Happy Holidays to all, and to all a good night! 🎅🌟

🏡 Unlock the Door to Your New Home for the Holidays with DLC Mainstream Mortgages! 🎁

Are you dreaming of decking the halls in your very own home this holiday season? At DLC Mainstream Mortgages, we understand the magic of finding your perfect space, especially during this festive time of year. The good news? It’s not too late to make those dreams come true and settle into your new home for the holidays!

🌟 Why DLC Mainstream Mortgages?

✅ Expert Guidance: Our team of experienced mortgage professionals is committed to guiding you through every step of the home-buying process. We pride ourselves on providing personalized and expert advice tailored to your unique financial situation.

✅ Flexible Financing Options: We offer a wide range of mortgage products and flexible financing solutions to suit your needs. Whether you’re a first-time homebuyer or looking to upgrade, we have the right mortgage for you.

✅ Quick Approvals: Time is of the essence, especially during the holiday season. With DLC Mainstream Mortgages, you can expect prompt and efficient approval processes, ensuring you can move into your new home sooner than you think.

🎄 Celebrate the Holidays in Your New Home!

Imagine the joy of hosting family gatherings, wrapping presents in your own cozy living room, and creating lasting memories in a home that’s truly yours. With DLC Mainstream Mortgages by your side, you can turn these dreams into reality faster than you ever thought possible.

🎁 Special Holiday Offer:

To make your home-buying experience even merrier, DLC Mainstream Mortgages is excited to offer special holiday incentives! Contact us today to learn more about how you can benefit from this limited-time offer.

Don’t let the holidays pass by without the warmth and comfort of your own home. Contact DLC Mainstream Mortgages today, and let’s make this season truly unforgettable in your new home! 🏡🎄

Homeownership for the holidays is within reach. Contact us now to take the first step!

If you’re in the market for a new home, one of the best things to do is visit open houses!   You will be able to see what you like, check out different neighbourhoods, and interview REALTORS if you haven’t hired one yet!

To qualify for your mortgage please contact us directly or download our app from www.mainstreamapp.ca

If you’re read to proceed with a formal application try our secure online application by clicking the following link APPLY FOR MY NEXT MORTGAGE NOW!

WINNIPEG OPEN HOUSES – NOVEMBER 19, 2023

CALGARY OPEN HOUSES – NOVEMBER 19, 2023

EDMONTON OPEN HOUSES NOVEMBER 19. 2023

431.482.2187
GreatRates@MainstreamMortgages.Com