Are you looking to consolidate your debts, renovate your home, invest in a new property, or fund a business venture? Refinancing your mortgage with a lower rate or obtaining a new first mortgage can be the key to achieving your financial goals. A new first mortgage essentially means replacing your existing mortgage with a completely new mortgage, often to secure better terms or additional funds. At DLC, we specialize in helping homeowners like you find the best refinancing options and new first mortgage opportunities. Whether it's through traditional banks or near-prime lenders who understand the challenges of bruised credit, we're here to guide you to the most beneficial financial solutions tailored to your unique situation.

Some Benefits to a First Mortgage

Refinancing your mortgage isn't just about getting a lower interest rate; it's about taking control of your financial future. Here are just a few reasons why our clients choose to refinance:

Lower Rates

Refinancing often allows homeowners to take advantage of lower rates. This can lead to significant savings over the life of the loan.

Debt Consolidation

Consolidate high-interest debts (like credit cards or personal loans) into one mortgage payment. This simplifies your budget and improves cash flow.

Access Equity

Access home equity without selling the property. This can be crucial for homeowners needing funds for renovations, large purchases, or investments.

Improved Terms

 Refinancing can offer better mortgage terms, like more favourable repayment schedule or fewer restrictions, which can align better with the homeowner’s current financial situation and goals.

Switching Types

Switch from an adjustable-rate mortgage to a fixed-rate mortgage, providing stability and predictability in monthly payments, which is especially beneficial in a fluctuating interest rate environment.

Tax Benefits

The interest on the borrowed Money used for investments can be tax-deductible. This can be a significant financial advantage for property investors, potentially reducing their taxable income.

We believe everyone deserves a chance to improve their financial situation. That's why we work with a range of lenders, from well-known banks to near-prime lenders who offer solutions regardless of your credit score. Your financial past shouldn't dictate your future, and we're here to ensure it doesn't.


With a few quick questions we can have you well on your way to securing a comfortable future



With our questionnaire complete we will send you a list of documents required.


With all paperwork in hand we can provide you lender options for you to choose from.


You will sign the approval paperwork with us and the lawyer representing you.


At closing the lawyer will disburse the funds where necessary.

What are the benefits of refinancing my mortgage?

What are the benefits of refinancing my mortgage?

Refinancing can lower your interest rate, reduce monthly payments, consolidate debt, provide funds for renovation, investment, or business ventures, and potentially shorten your mortgage term.

Can I refinance with a less-than-perfect credit score?

Can I refinance with a less-than-perfect credit score?

Absolutely! We work with a variety of lenders, including those specializing in near-prime lending. We can find solutions for various credit profiles.

How long does the refinancing process take?

How long does the refinancing process take?

The timeline can vary depending on your situation and the lender. Generally, it takes a few weeks from the initial consultation to closing. We aim to make the process as swift and smooth as possible.

Are there any upfront costs for refinancing?

Are there any upfront costs for refinancing?

There may be costs associated with refinancing, such as appraisal fees upfront. All other potential fees or closing costs will be paid from proceeds of the refinance at closing time. We'll discuss all potential costs upfront, so there are no surprises.

How do I know if refinancing is right for me?

How do I know if refinancing is right for me?

During our initial consultation, we'll assess your financial goals and current situation to determine if refinancing is the best option for you.

What if the homeowner has an existing mortgage?

What if the homeowner has an existing mortgage?

Many of our clients use a new first mortgage to pay off their existing mortgage and debts.
Can I use the funds from refinancing for anything?

Can I use the funds from refinancing for anything?

Yes, the funds from refinancing can be used for debt consolidation, home improvements, investments, or other personal uses.


Click below to book a phone call or video chat with one of our experts


Don't just take our word for it. Our Google Reviews showcase stories from countless satisfied clients who've transformed their financial lives through refinancing. Plus, our accolades, including being in the top 50 for mortgages funded monthly nationwide and in the top 3% of Dominion Lending Centres, are a testament to our commitment to excellence.

Your journey to a more secure financial future is just a click away. Whether you're consolidating debt, planning renovations, or pursuing new investments, we're here to make refinancing straightforward and stress-free.


Monday to Friday - 9 am to 5 pm

Saturday and Sunday - CLOSED


157 Bridge Street

Carleton Place, ON K7C 2V6


Office: 613.714.9499 |  Toll Free: 1.877.230.8872

Fax: 613.714.9488


Dominion Lending Centres The Mortgage Source is independently owned and operated. #FSRA 10145. Brad Plummer is an independent mortgage broker that places business with various mortgage providers. DLC is compensated for placing your business with a particular lender or will have to charge a fee for their services which will be disclosed well in advance. Not all products or services are shown on this page. If you would like to find a better suited solution it is best to speak to Brad Plummer about your unique situation and secure the best suited product for you. You can book a meeting HERE
Mortgage amounts and rates to be determined based on clients application, credit score, equity in the property and the location of the property. Rates are subject to change without notice. Other monthly fees and costs may apply depending on the lender. All costs will be disclosed once the application is approved and the client has an opportunity to decline the offer. Brad Plummer only handles the application process.
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