Refinancing your mortgage can be a powerful financial tool — but it’s often misunderstood. You can watch our PODCAST all about refinances on Youtube or Spotify Mainstream Mortgages Podcast On Youtube Mainstream Mortgages Podcast On Spotify Many homeowners assume refinancing is only about getting a lower interest rate. In reality, a refinance is about using […]

You can check out our latest podcast here When most people think about getting a mortgage, they think about going to a bank. But what happens when the bank says no — even though you earn good money, have equity, and make your payments on time? That’s where alternative and private lending comes in. At […]

Understanding New to Canada Mortgage Programs Moving to Canada is an exciting milestone, and for many newcomers, homeownership is a top priority. However, navigating the mortgage options available for those new to the country can be complex. At Dominion Lending Centres Mainstream Mortgages, we’re here to simplify the process and help you find the right […]

  The economic landscape is shifting, and with the new Trump Administration in the United States, there is speculation about how potential policies and global trade adjustments could impact Canada. Economists and financial analysts are voicing concerns about the possibility of economic challenges ahead, including employment uncertainty. While we can’t predict the future, one thing […]

Breaking Down the Numbers: Is a 30-Year Amortization Right for You? Starting December 15, 2024, first-time homebuyers in Canada will have the option of a 30-year amortization on insured mortgages. Alongside this, the insured mortgage cap is increasing to accommodate higher home prices. Let’s dive into the details with an example. Example: $300,000 Mortgage with […]

Submitting a strong credit or mortgage application is essential to securing the best terms and rates and making the mortgage process quick and seamless. Lenders want to see a clear financial picture that demonstrates your ability to repay the loan.  It’s also important to apply with correct personal information (marital status, address history, and citizenship […]

We put in the work upfront to ensure no surprises when you write an offer on your dream home. Our thorough pre-approval process focuses on income, credit, down payment, existing properties, expenses, and other critical items to set you up for success. Income Documentation Employed Individuals: Letter of Employment, pay stubs, T4s, and bank statements […]

This week, OSFI (Canada’s banking regulator) announced an important and sensible adjustment to the mortgage renewal process: No More Stress Test at Renewal. Before anyone jumps to conclusions like, “Isn’t that risky?”, let’s break down how mortgage renewals work in Canada: Most Canadian residential mortgages are structured as short-term agreements. Over 95% of all mortgages […]