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
Your Ultimate Guide to Saving for a Down Payment and Understanding Mortgages in Canada
Your Ultimate Guide to Saving for a Down Payment and Understanding Mortgages in Canada
Owning a home is one of life’s most exciting milestones, but with the average Canadian home priced at about $650,000, starting your journey can feel overwhelming. At iMortgage Capital, we’re here to make the process easier by helping you understand mortgages and the tools available to supercharge your savings.
What Is a Mortgage?
A mortgage is a loan from a bank, credit union, or private lender that helps finance your home purchase, with the home serving as collateral for the loan. It’s a legal agreement between you and the lender, outlining payment terms, the interest rate, and other key details.
As a borrower, you'll repay the loan principal (the amount borrowed) along with interest over a set term and amortization period. In Canada, mortgages can be amortized for up to 30 years, with typical terms ranging from 3–5 years. At the end of each term, you can renew or refinance your mortgage based on your goals.
What Is the Minimum Down Payment in Canada?
The minimum down payment varies by purchase price:
Homes $500,000 or less: 5% of the purchase price.
Homes $500,001 to $1,499,999: 5% on the first $500,000, and 10% on the remainder.
Homes $1,500,000 or more: 20% of the purchase price.
Example:
For a $750,000 home:
5% of $500,000 = $25,000
10% of $250,000 = $25,000
Total down payment: $50,000
Note: As of December 15, 2024, homes priced under $1.5 million with a down payment of less than 20% require mortgage default insurance.
6 Tips for Saving for a Down Payment
Build a Budget Around Saving
Use a portion of your paycheck for savings and adjust your spending to align with your homeownership goal. Not sure where to begin? Our advisors at iMortgage Capital can guide you.Automate Your Savings
Set up automatic contributions from your paychecks to grow your savings effortlessly.Redirect Refunds and Bonuses
Tax refunds, work bonuses, or other unexpected income can give your savings a boost.Utilize a First Home Savings Account (FHSA)
Contribute up to $8,000 annually (lifetime max $40,000), grow your funds tax-free, and withdraw without penalties for your first home.Leverage Your RRSP
Through the Home Buyers’ Plan, withdraw up to $60,000 from your RRSP, with 15 years to repay.Maximize a TFSA
Tax-Free Savings Accounts allow your funds to grow tax-free, providing flexibility to withdraw when needed.
How iMortgage Capital Can Help You
Buying a home doesn’t have to feel overwhelming. With the right mortgage plan and savings strategy, you can achieve homeownership faster than you think. Contact us to learn more about our mortgage solutions and how to make your dream home a reality.
Let’s get started today!
