6 Dec

Christmas Miracles: The Stories Of Three Homebuyers


Posted by: Peter Paley

In the unpredictable world of mortgages, where dreams of homeownership can quickly turn into nightmares, the right lender can make all the difference. At Mainstream Mortgages, we pride ourselves on turning challenges into success stories. Let’s dive into the experiences of our recent clients and explore why choosing Mainstream Mortgages is a decision worth celebrating.

The Rejected Professional:

Our journey begins with a client who, despite having a stable income and excellent credit, faced rejection from their bank solely due to their profession. At Mainstream Mortgages, we believe in inclusivity, understanding that everyone deserves a chance at homeownership. By leveraging our vast network and diverse lending options, we were able to secure a mortgage for this client, turning their initial setback into a victory. 🏠🌐

The Pre-Approval Pitfall:

Imagine selling your home with the confidence of a pre-approval from your bank, only to have the rug pulled out from under you later. This was an unfortunate reality for a couple who trusted their bank’s pre-approval but faced a sudden denial. Mainstream Mortgages offers a more reliable approach. Our thorough evaluation ensures that pre-approvals are not just promises but solid foundations for your real estate journey. 🚫💔

The Interest Rate Rescuers:

Sometimes, approval comes at a cost – a high interest rate that can burden homeowners for years. One couple found themselves in this predicament but reached out to Mainstream Mortgages for a lifeline. Through our expertise and dedication, we secured a mortgage with almost 1% less on a 5-year fixed term, saving them substantial money over the life of their loan( $107/month, $8,814 in unnecessary interests, and $2,377 of principle). At Mainstream Mortgages, we believe in empowering our clients with the best possible financial solutions. 💲🌟

Why Mainstream Mortgages?

  1. Inclusive Approach: We welcome clients from all walks of life, ensuring that your profession or unique circumstances won’t hinder your homeownership dreams. 🌍🤝
  2. Reliable Pre-Approvals: Our commitment to transparency and accuracy means that when we pre-approve you, you can trust in the strength of that approval. ✔️🏡
  3. Savings on Interest Rates: Our dedicated team works tirelessly to secure the most favorable terms for your mortgage, ensuring you save money in the long run. 💰📉
  4. Expertise and Support: With Mainstream Mortgages, you’re not just a client; you’re a partner in your homeownership journey. Our experts are here to guide you every step of the way. 🤓🤲

In the ever-changing landscape of mortgages, Mainstream Mortgages stands as a beacon of reliability, turning obstacles into opportunities for our clients. Choose us for a seamless and empowering homeownership experience. 🏡✨

We would love to help you with your mortgage story

5 Dec



Posted by: Peter Paley

The holiday season is a time of joy, celebration, and often, increased spending. As we revel in the festive spirit, it’s crucial to strike a balance between enjoying the holidays and being mindful of our financial responsibilities, especially when it comes to mortgage obligations. In this blog post, we’ll explore smart strategies for managing holiday spending without compromising your long-term financial health, along with tips to navigate your mortgage during this season of giving.

Holiday Spending Tips:

  1. Create a Budget: Before diving into holiday shopping, establish a budget that considers your income, existing financial commitments, and your mortgage payment. Allocate specific amounts for gifts, decorations, and festivities to ensure you don’t overspend.
  2. Make a List and Check It Twice: Prepare a detailed list of the gifts you plan to purchase and stick to it. This prevents impulse buying and helps you stay within your budget. Consider thoughtful, meaningful gifts rather than expensive ones.
  3. Take Advantage of Sales and Discounts And Support Small Business: Keep an eye out for holiday sales, discounts, and promotions. Black Friday and Cyber Monday, for example, offer excellent opportunities to save on gifts and other holiday essentials.
  4. Consider DIY or Second-Hand Gifts: Personalized, do-it-yourself gifts can be heartfelt and budget-friendly. Explore your creative side and craft unique presents that reflect the season’s spirit.
  5. Secret Santa or Gift Exchanges: If you have a large circle of friends or family, suggest a Secret Santa or gift exchange. This way, everyone receives a meaningful gift without the financial strain of buying for everyone.

Mortgage Tips:

  1. Prioritize Your Mortgage Payment: While the holidays may bring additional expenses, prioritize your mortgage payment. Ensure that you have enough funds set aside to cover this essential obligation. Late payments can negatively impact your credit score and financial stability.
  2. Communicate with Your Lender: If you anticipate financial challenges during the holidays, communicate with your mortgage lender in advance. Some lenders may offer temporary relief or alternative payment arrangements to help you navigate the season.
  3. Avoid Taking on Additional Debt: While using credit cards for holiday purchases may be tempting, be cautious about accumulating more debt. High credit card balances can impact your credit score and financial well-being, potentially affecting your mortgage terms.
  4. Review Your Mortgage Terms With Us: Take this to book a mortgage check-up with us. Understand the interest rates, payment schedules, and any potential adjustments. If applicable, explore opportunities to refinance for better terms.

The holiday season is a wonderful time to create lasting memories with loved ones. By approaching holiday spending with a thoughtful budget and implementing smart mortgage tips, you can enjoy the festivities without compromising your financial stability. Remember, a balance between celebration and responsibility will set the stage for a joyous holiday season and a prosperous financial future.

1 Dec



Posted by: Peter Paley


Welcome to Dominion Lending Centres Mainstream Mortgages, where we’ve streamlined and turbocharged the mortgage application process for the utmost convenience of our valued clients, REALTORS, and industry partners. Here’s how we make securing your dream home or investment property a breeze:

📲 Seamless Application with the My Mortgage Toolbox App:
Download our user-friendly “My Mortgage Toolbox App” at www.mainstreamapp.ca or visit our website at www.mainstreammortgages.ca to start your application swiftly.

⏱️ Quick and Detailed Application in 10-12 Minutes:
Your time is precious, and so is your dream home. Complete our mortgage application in just 10-12 minutes, ensuring a detailed submission for an expedited process.

🚀 Rapid Response within the Hour:
Once you’ve submitted your application with all necessary consents, our dedicated team swings into action, typically processing it within the hour.

📲 Communication Via Phone, E-mail and/or Text:
We provide the borrowers & their REALTOR communication at every step.

🕵️ Efficient Document Collection:
We streamline the document collection process by verifying credit and requesting all necessary documents upfront. We ask for everything we need and provide additional support with any questions you may have.

📤 Secure Document Submission:
Upload required mortgage documents to your secure online portal or email them to GreatRates@MainstreamMortgages.com. Clear and accurate PDF copies of statements, pay stubs, and employment letters are highly appreciated. Our document portal comes with detailed descriptions and easy-to-follow instructions.

📑 Thorough Document Review and Feedback:
Our meticulous review of your documents includes sending reminders for any outstanding items along with any questions we may have, ensuring a smooth process.

🚀 Swift Pre-Approval/Approval Submission:
Your pre-approval or approval is our priority. We process and submit your application promptly, sending all supporting documents to the lender for the quickest turnaround.

📄 Effortless Signatures with Docu-Sign:
Upon approval, we make the paperwork hassle-free. We send all necessary documentation for signatures and disclosures via Docu-sign, with our team ready to assist if needed.

📨 Seamless Coordination with Legal Professionals:
We seamlessly coordinate with your lawyer or closing company, ensuring all relevant documents are sent promptly, and you’re informed about the next steps.

📞 Post-Closing Support:
Our commitment doesn’t end at closing. We follow up to ensure a smooth transition and address any lingering questions you may have.

Experience our fast, friendly, and efficient service. Your next mortgage awaits, and we’re here to make it happen—fast and hassle-free! 🏡🚀