Jaspreet Bansal – Mortgage Broker Winnipeg

Mortgage Related News

  • 17 September 2025
    Bank of Canada Cuts Policy Rate by 0.25%

    Bank of Canada Cuts Policy Rate by 0.25% โ€“ What It Means for You Good news for Canadian borrowers! ๐ŸŽ‰ After three consecutive meetings with no change, the Bank of Canada has announced a 0.25% decrease to its policy rate, bringing the prime rate down to 4.70%. This is welcome relief for many Canadians who

  • 16 September 2025
    Pre-Qualification vs Pre-Approval: What Homebuyers Need to Know

    Pre-Qualification vs Pre-Approval: What Homebuyers Need to Know When it comes to buying a home, many people hear the terms pre-qualification and pre-approval and assume they mean the same thing. While they sound alike, the difference between the two is significantโ€”and understanding it can make or break your homebuying journey. What is Pre-Qualification? Pre-qualification is

  • 27 August 2025
    HELOC vs Refinance โ€“ Which One is Right for You?

    HELOC vs Refinance โ€“ Which One is Right for You? Homeowners often reach a point where they want to tap into their home equity. The big question is: should it be done through a HELOC or a refinance? Hereโ€™s a clear breakdown to help make sense of the differences. What is a HELOC? A HELOC

  • 2 August 2025
    Celebrating 4 years in Business

    ๐ŸŽ‰ ๐‘ช๐’†๐’๐’†๐’ƒ๐’“๐’‚๐’•๐’Š๐’๐’ˆ 4 ๐’€๐’†๐’‚๐’“๐’” ๐’Š๐’ ๐‘ฉ๐’–๐’”๐’Š๐’๐’†๐’”๐’”! ๐ŸŽ‰ Today marks 4 incredible years since I took the leap into the world of mortgages โ€” a world that was entirely new to me. For those who donโ€™t know my story:I didnโ€™t come from a financial background. I had no customer service experience. I started while raising two

  • 30 July 2025
    Bank of Canada Holds Rates Steady as Tariff Clouds Linger

    Bank of Canada Holds Rates Steady As Tariff Turmoil Continues As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, the third consecutive rate hold since the Bank cut overnight rates seven times in the past year. The Governing Council noted that the unpredictability of the magnitude and

  • 27 June 2025
    Credit Score Recipe (How credit score is formed)

    How Is Your Credit Score Actually Formed? Letโ€™s Break It Down Your credit score is more than just a number โ€” itโ€™s your financial reputation. Whether you’re planning to buy a home, refinance, or just want better rates, understanding how your score is calculated can help you make smarter choices. Hereโ€™s a quick breakdown of

  • no rate change
    4 June 2025
    Bank of Canada Holds Steady โ€“ No Change in Prime Rate

    ๐Ÿ“ข Bank of Canada Holds Steady โ€“ No Change in Prime Rate The Bank of Canada announced today that there will be no change to the policy interest rate. As a result, the prime lending rate remains steady at 4.95%. What does this mean for you? โœ… Variable-Rate Mortgages:No change in your payments for variable-rate

  • 30 May 2025
    GST Rebate on New Homes Up to $1.5 Million

    GST Rebate on New Homes Up to $1.5 Million If youโ€™re a first-time home buyer in Canada, May 27, 2025 could become a milestone date for you. The federal government has announced a major housing affordability initiative that could save you up to $50,000 on your first home! This new GST relief program is aimed

  • 22 May 2025
    Understanding Default Mortgage Insurance in Canada

    Understanding Default Mortgage Insurance in Canada: What Every Homebuyer Should Know Buying a home is one of the biggest financial steps you’ll ever takeโ€”and for many Canadians, getting approved for a mortgage with less than a 20% down payment means youโ€™ll also need default mortgage insurance. But what exactly is it, why do you need

  • Understanding the Different Types of Insurance When Buying a Home
    8 May 2025
    Understanding the Different Types of Insurance When Buying a Home

    Understanding the Different Types of Insurance When Buying a Home Buying a home is one of the biggest investments you’ll make in your lifetime โ€” and protecting that investment is just as important as finding the perfect property. There are several types of insurance you may need (or want) when purchasing a home in Canada.

  • lenders potluck
    8 May 2025
    Lenders Potluck Organized by Mainstream Mortgages

    Lenders’ Potluck Organized by Mainstream Mortgages Behind Every Successful Mortgage Broker Is a Strong Lender Relationship โ€” A Recap of Our 2nd Annual Lenders Potluck At DLC Mainstream Mortgages, we know that relationships fuel results โ€” and our 2nd Annual Lenders Networking & Potluck Event was a beautiful reminder of just that. We welcomed lenders

  • Rent To Own
    20 March 2025
    Rent-to-Own Agreements: What Tenants Need to Know Before Signing

    Rent-to-Own Agreements: What Tenants Need to Know Before Signing Are you thinking about signing a Rent-to-Own agreement because youโ€™re not eligible for a mortgage today? ๐Ÿก Rent-to-Own can seem like a great option for those who are not quite ready to buy a home โ€” maybe your credit score isnโ€™t where it needs to be,

  • Homeownership Seminar #4
    18 March 2025
    Homeownership Seminar #4: Another Successful Event!

    Homeownership Seminar #4: Another Successful Event! This past weekend, we wrapped up our 4th Homeownership Seminar, and it was an incredible success! ๐Ÿกโœจ Iโ€™m so thankful to everyone who attended, shared their questions, and engaged with the valuable insights we covered. The goal of these seminars has always been to simplify the homeownership process and

  • Homeownership Seminar 4
    24 February 2025
    Announcing 4th Edition of Homeownership Seminar!

    Announcing 4th Edition of Homeownership Seminar! EXCITING NEWS! Weโ€™re thrilled to announce the ๐Ÿ’๐ญ๐ก ๐„๐๐ข๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐จ๐ฎ๐ซ ๐‡๐จ๐ฆ๐ž๐จ๐ฐ๐ง๐ž๐ซ๐ฌ๐ก๐ข๐ฉ ๐’๐ž๐ฆ๐ข๐ง๐š๐ซ, ๐ก๐š๐ฉ๐ฉ๐ž๐ง๐ข๐ง๐  ๐จ๐ง ๐’๐š๐ญ๐ฎ๐ซ๐๐š๐ฒ, ๐Œ๐š๐ซ๐œ๐ก ๐Ÿ๐Ÿ“๐ญ๐ก, ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐Ÿ ๐ญ๐จ ๐Ÿ ๐๐Œ! GET AHEAD OF THE REAL ESTATE RUSH! Join our exclusive seminar to gain insider knowledge and make smart, confident decisions in todayโ€™s market. ๐–๐‡๐€๐“ ๐˜๐Ž๐”โ€™๐‹๐‹ ๐‹๐„๐€๐‘๐:

  • gurpreet bansal
    16 February 2025
    Gurpreet Bansal, has officially joined as a Licensed Mortgage Professional!

    Gurpreet Bansal, has officially joined as a Licensed Mortgage Professional! Iโ€™m beyond excited to share that my husband, Gurpreet Bansal, has officially joined me in the mortgage industry as a ๐‹๐ข๐œ๐ž๐ง๐ฌ๐ž๐ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐ง๐š๐ฅ! ๐Ÿ’ผ๐ŸŽ“ ๐น๐‘Ÿ๐‘œ๐‘š ๐‘ ๐‘ข๐‘๐‘๐‘œ๐‘Ÿ๐‘ก๐‘–๐‘›๐‘” ๐‘š๐‘’ ๐‘๐‘’โ„Ž๐‘–๐‘›๐‘‘ ๐‘กโ„Ž๐‘’ ๐‘ ๐‘๐‘’๐‘›๐‘’๐‘  ๐‘ก๐‘œ ๐‘›๐‘œ๐‘ค ๐‘ค๐‘œ๐‘Ÿ๐‘˜๐‘–๐‘›๐‘” ๐‘Ž๐‘™๐‘œ๐‘›๐‘”๐‘ ๐‘–๐‘‘๐‘’ ๐‘š๐‘’, ๐บ๐‘ข๐‘Ÿ๐‘๐‘Ÿ๐‘’๐‘’๐‘ก ๐‘๐‘Ÿ๐‘–๐‘›๐‘”๐‘  โ„Ž๐‘–๐‘  ๐‘ก๐‘’๐‘โ„Ž๐‘›๐‘–๐‘๐‘Ž๐‘™ ๐‘’๐‘ฅ๐‘๐‘’๐‘Ÿ๐‘ก๐‘–๐‘ ๐‘’ ๐Ÿ’ป, ๐‘‘๐‘’๐‘‘๐‘–๐‘๐‘Ž๐‘ก๐‘–๐‘œ๐‘› ๐Ÿ’ช, ๐‘Ž๐‘›๐‘‘ ๐‘๐‘Ž๐‘ ๐‘ ๐‘–๐‘œ๐‘›

  • 15 December 2024
    Good News For First Time Homebuyers

    Starting today, December 15th, two exciting changes are here to make homeownership more accessible for those with less than a 20% down payment. 30 Year Amortization for Resale Properties and Purchase Price Limit Increased to 1.5M.

  • secondary suite program
    10 October 2024
    New actions to build secondary suites and unlock vacant lands to build more homes

    Govt. unveiled a series of initiatives to encourage the construction of secondary suites and unlock underused land for housing. These changes present incredible opportunities for homeowners and our communities.

  • RRSP withdrawal limit increase to $60k
    12 April 2024
    Registered Retirement Savings Plan (RRSP) Withdrawl Limit Increase to $60,000

    The government announced an increase in the maximum amount that first-time homebuyers can withdraw from their Registered Retirement Savings Plan (RRSP) to buy a home. The previous limit was $35,000, and it has been raised to $60,000, effective for withdrawals made after March 19, 2019.

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