To err is human, to have your mortgage funded divine 🙌 The mortgage landscape has changed dramatically over the last 15 years, in particular, more rules, more policies, more guidelines, more programs to counteract the bad policies, a rate for every type of application, property restrictions, more property defects, the list goes on.   It is […]

MAINSTREAM MORTGAGES TERMINOLOGY DICTIONARY 🏠 Term: Noun Definition: The period for which a mortgage agreement is in force. Common terms include 1-5, 7 & 10 years. Amortization: Noun Definition: The process of paying off a loan through regular payments over time. In a mortgage, this includes both principal and interest. Down Payment: Noun Definition: An […]

Here are the Open Houses For Winnipeg for November 12, 2023 Click This Link To See Open Houses For Winnipeg – November 12, 2023 Click This Link To See Open Houses For Calgary – November 12, 2023 Click This Link To See Open Houses For Edmonton – November 12, 2023 If you have any questions […]

🏡 Navigating Higher Interest Rates: Mortgage Holder Edition 📈 Hey homeowners! 👋 With interest rates on the rise, it’s time to be proactive and ensure your mortgage game is strong. Here are some tips to weather the higher interest rate environment: Review Your Budget: Take a closer look at your monthly budget. Identify areas where […]

🍁Credit Scores Explained 📊 Are you curious about how your credit score is determined in Canada🍁? Let’s break it down with emojis! 1️⃣ 💳 Payment History: 🕒 On-time payments = 😀. Late or missed payments = 😖. Pay your bills on time your payment history makes up 35% of your credit score! 2️⃣ 💰 Credit […]

REALTORS dramatically increase their business when partnering with mortgage professionals and more specifically mortgage brokers! 🌟DLC  Mainstream Mortgages is THE ultimate mortgage partner you’ve been searching for to make your clients’ homeownership dreams come true. 🏡💫 Why choose us? 🤔 ✅ Unmatched Expertise: Our team (Peter, Colten, and Derek) have years of experience, ensuring seamless […]

In almost 95% of cases the services of a mortgage broker are FREE.  The Mortgage Broker is almost always paid a fee or commission directly from the lender.   Brokerage Fees & Compensation: Mortgage brokers typically do not have to charge you any fees. However, there are times when that may be necessary. Fees are […]

Visiting open houses is an excellent way to ease into the real estate market.   You can see which neighbourhoods appeal to you, meet and interview REALTORs and preview homes that you may want to make an offer on. If you are actively looking for a new home it’s important to get a mortgage pre-appoval.   You […]

A rate is not a rate.  Wait, what? For the past decade, the regulatory changes in Canada have spawned different types or classes of rates.   The three classes are INSURED, INSURABLE & UNINSURED. INSURED: This is almost always the best rate you can get for your mortgage.  The borrower will pay for mortgage default insurance […]

For the last 15 years mortgage lending policy has become tighter and tighter. Lending and banking policies have been implemented with little to no thought put into what the consequences might be and if the policies would actually hurt or deter Canadians from homeownership. However, a bit of good news. The banking regulator OSFI has […]