DLC iMortgage Capital
Whether you are a first-time buyer or an experienced buyer with excellent credit, DLC iMortgage Capital has access to the very best products and rates available across Canada.
As an alternative lending specialist, we make refinancing your home simple. Our flexible and affordable financing options allow you to access up to 85% of the equity in your home to meet your financial needs.
Being a broker is very different from being a lender. It means that we don’t finance your mortgage – instead, our role is to match you with the right lender to meet your specific needs and to get the banks competing to finance your mortgage.
APPROVED IN LESS THAN 30 MINUTES
We know that you want to eliminate debt and find a solution to your financial situation as quickly and pain-free as possible. When you apply for a mortgage solution with DLC iMortgage Capital, you will have peace of mind in knowing you won’t have to wait days or weeks for an answer. Having to wait for an answer only places additional and unnecessary stress on you during the application process. In fact, you’ll be approved in less than 30 Minutes. That’s right,
you will have an instant solution for your financial situation. We ensure you get the mortgage solution you need, when you need it most.
MEET THE TEAM
We have an experienced team of mortgage agents and brokers with backgrounds in financial planning, insurance, real estate, and business. We have a reputation in the mortgage industry for working with our credit challenged clients to consolidate debt, save them from foreclosures, and assisting in rebuilding their credit ratings. DLC iMortgage Capital team is dedicated to helping you find mortgage solutions that will address your financial need. We are here to help and our team is confident we have the financial solution you are looking for!
SOLUTIONS
Second Mortgages
At iMortgage, we take pride in helping homeowners in all situations people with with poor credit or previous credit issues
Home Equity Loans
Because a home is often our most valuable asset, many homeowners use a Home Equity Line Of Credit (HELOC) for major items.
Refinance Mortgages
Combining all of your debts and adding them onto your mortgage, also known as refinancing, has several advantages. l Call to Action Headline
Debt Consolidation
Our mortgage specialists can help you find the right debt consolidation mortgage for your specific situation.
New to Canada Mortgage
Coming to a new country is a big life change. If you are a new immigrant to Canada, there is a lot to get in order, including getting a mortgage.
Spousal buyout mortgage
Divorce is never easy, but it happens. One source of contention when discussing how to divide the assets is what to do with the house.
Bridge Loans
We make sure that Canadian homeowners have access to the money they need when buying or selling their home by offering bridge loans.
Mortgage Renewals
We offer homeowners a variety of mortgage renewal options to consider, at rates that will beat the banks.
Bad Credit Mortgage
Credit not the greatest and need a mortgage? There are many reasons why your credit may be suffering but we can help!!
Self Employed Mortgage
We pride ourselves in being experts when it comes to arranging self-employed mortgages.
First Time Home Buyer
We offer a wide array of products and services for first-time buyers, helping you to simplify getting a mortgage and purchasing your home.
Home Improvement
We offer solutions for home buyers in all situations, and our mortgage products are designed to help you, regardless of your situation.
GET APPROVED - CALL TODAY
1-888-511-3484
FIRST MORTGAGE RATES AS LOW AS 4.99% / SECOND MORTGAGE RATES AS LOW AS 7.99%
LATEST FROM OUR BLOG
Free Report: Avoid Costly Mistakes During Your Mortgage Renewal
Free Report: Avoid Costly Mistakes During Your Mortgage Renewal
Overview
Variable rates are falling due to Bank of Canada’s ongoing interest rate cuts.
Fixed rates, influenced by long-term bond yields, appear to have reached a potential bottom and are unlikely to drop significantly in the coming year.
Key Factors to Consider
Bank of Canada’s Policy Rate Cuts
The Bank of Canada is aggressively cutting its policy rate to stimulate the economy.
Since June, the policy rate has dropped by 125 basis points, now at 3.75%.
Further reductions of up to 100 basis points are expected in 2024, bringing the rate to 2.75%.
These cuts primarily influence variable rates, short-term borrowing, and high-interest savings accounts.
Fixed Rates Are Tied to Long-Term Bond Yields
Long-term rates, such as those for five-year fixed mortgages, are influenced by government bond yields and broader market factors, not directly by the policy rate.
Five-year Government of Canada bond yields have fluctuated, hitting a low of 2.7% in September 2023 before rising to 3.21% due to inflation concerns and global market trends.
Market Outlook for Fixed Rates
Long-term rates have likely bottomed and may stabilize or slightly decrease, but significant declines are unlikely unless a recession or unexpected economic shock occurs.
Current bond yields reflect market expectations, with only a marginal seven basis points decline forecasted in the next year.
Implications for Mortgage Renewal
If You Have a Variable-Rate Mortgage:
Expect reductions in your interest rate in the coming year as policy rate cuts take effect.
Renewing at a variable rate might offer lower costs in the short term.
If You Prefer a Fixed-Rate Mortgage:
Current fixed rates may represent the best deal you’ll see for the foreseeable future.
Locking in a five-year fixed rate now could provide stability amid market uncertainties.
Economic and Market Uncertainty
Recession Risks: While the threat of a Canadian recession has eased, it hasn’t disappeared. A renewed recession risk could drive long-term rates lower.
Inflation Risks: Rising inflation could push both fixed and variable rates higher, especially if U.S. policies amplify inflationary pressures.
Expert Opinions
Douglas Porter, BMO Financial Group: Long-term rates may hover near current levels despite policy rate cuts.
Robert McLister, MortgageLogic.news: The bond market has already priced in anticipated rate cuts, limiting the scope for further long-term rate drops.
Conclusion: Get Expert Guidance for Your Mortgage Renewal
Renewing your mortgage is a significant financial decision. To make the most of it:
Consider locking in a fixed rate if you value stability and want to protect yourself from potential rate increases.
Explore variable rates if you anticipate further reductions and can handle potential fluctuations.
Stay informed about market trends and economic developments to refine your strategy.
For personalized advice, speak with an iMortgage Agent who can assess your unique situation and guide you toward the best mortgage option. Their expertise ensures you avoid costly mistakes and secure a deal that aligns with your financial goals.
