13 Jun

General

Posted by: Peter Paley

DLC Mainstream Mortgages Homebuyers Guide Welcome to DLC Mainstream’s New Home Buyer’s Guide Embarking on the journey to homeownership is an exciting and significant milestone. At DLC Mainstream Mortgages, we understand that purchasing a home is one of the most important financial decisions you will make. Our New Home Buyer’s Guide is designed to provide […]

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13 Jun

BACK TO BASICS – MORTGAGE BASICS

General

Posted by: Peter Paley

Understanding the Basics of Mortgages Navigating the world of mortgages can seem daunting, especially for first-time homebuyers. However, understanding the basics can make the process much smoother and less intimidating. Here, we’ll break down the essential components of a mortgage, helping you make informed decisions as you embark on your homeownership journey. What is a […]

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6 Mar

Over 50 Services + 40 Lenders + 100s Of Products = The Right Solution For You

General

Posted by: Peter Paley

Sometimes I forget how many different services we offer to ensure that we have to help our clients find the right financial solutions. Mortgage Pre-Approval Purchase (Fully Underwritten) Purchase Plus Improvements (Up to $100k) Mortgage Refinance Mortgage Refinance Plus Improvements Mortgage Debt Consolidation Mortgage Renewal Mortgage Switch/Transfer Cashback Mortgages Borrowed or Flex Down Payment Construction […]

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4 Mar

Amortization Options

General

Posted by: Peter Paley

Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the lifetime of your mortgage (a longer lifetime equals more interest, whereas a […]

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1 Mar

Say Good Bye To The First Time Home Buyer’s Incentive On March 21, 2024

General

Posted by: Peter Paley

More sad news for the Canadian Mortgage space.  The Government of Canada’s FTHBI First Time Home Buyer Incentive is going away! All applications for the incentive will need to be received by March 21st at 12:00 a.m. EST.   For single-income households, this program usually made the difference between being able to qualify for a house […]

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27 Feb

I’ve Never Used A Mortgage Broker – The Tale Of A First-Time-User

General

Posted by: Peter Paley

One of my favourite things about being a mortgage broker is bumping into a potential client who hasn’t ever used the services of a mortgage broker before and in this case, didn’t even know what a mortgage broker was. I remember getting the text around 9:00 p.m. and I was just putting the finishing touches […]

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16 Feb

A WIN, WIN, WIN SCENARIO! A NEW Home & Consumer Debt Free

General

Posted by: Peter Paley

Our scenario comes from a recent client we helped with their mortgage.   Credit scores were good, employment and income were very good, but there was quite a bit of consumer debt.   The mortgage on the home was at a pandemic-low interest rate, and while it seemed silly to try to find a replacement option, the […]

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15 Feb

To The Borrowers Who Got their Mortgage In 2023

General

Posted by: Peter Paley

Did you get your mortgage last year?  Are you in a Fixed Rate Term over 5.5%, maybe even over 6%?   Are you worried that you may have a very high penalty? I’m writing this post today to tell you that you may be able to get out of your existing mortgage with a 3-month interest […]

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