Mortgage Questions Answered: Our Most Frequently Asked Questions At Dominion Lending Centres Mainstream Mortgages, one of the things we enjoy most about our work is helping people understand how mortgages actually work. For many Canadians, getting a mortgage can feel confusing. There are interest rates, lender rules, different mortgage products, changing regulations, and a lot […]

If you’ve been following the news lately, it can feel like the world is changing every week. Global conflicts, trade tensions, shifting economic policies, inflation concerns, and central bank decisions are all influencing financial markets. These forces ripple through the economy and ultimately affect something very important to homeowners and buyers: mortgage rates. One of […]

  🎙️ Budgeting 101: Where Do I Even Start? If the word budget makes you feel overwhelmed, behind, or unsure where to begin — you’re not alone.In this episode of the Mainstream Mortgages Podcast, we break budgeting down into simple, realistic steps for people who are starting from scratch. This conversation isn’t about cutting out […]

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 […]