I want my

Dream Big home!

Contact Dream Big Mortgages Today!


    Home Equity Loans

    2nd Mortgages

    Debt Consolidation

    Mortgage Refinancing

    Stop Power of Sale

    Bridge Financing

    Credit Repair

    Self- Employment

    Private Mortgage


    Purchase a New Property

    Renewing your Mortgage

    Reverse Mortgage


    Arsalan Toufighjou

    Mortgage Broker
    License #M22000435


    Mike Farrow

    Mortgage Agent
    License #M21001547 | FSRA #13111/13174
    Hamed Nouri

    Hamid Nouri

    Mortgage Agent
    License #M23004990

    Awards & Accomplishments


    What Our Customers Say

    Hesam AkbarianHesam Akbarian
    17:33 05 Jul 24
    Claire TurnerClaire Turner
    19:19 08 May 24
    Arslan is the best mortgage broker I have ever worked with. Very professional and knowledgeable. Worked with him on a refinance, which we received firm approval in 4 days !!! Get in touch with him for all your mortgage needs .
    Liam LeeLiam Lee
    15:20 06 May 24
    Arslan takes the time to understand our needs and provided very helpful advice and strategies. He followed up with the bank so that we got the lowered rate just right before we took possession.
    Lily EvansLily Evans
    11:22 03 May 24
    I highly recommend Dream Big Mortgages
    Ashton BlockAshton Block
    13:11 01 May 24
    I am especially grateful for arslan proactive approach in securing a more competitive rate for me and tailoring the approval and purchase structure to meet my specific needs. Your attention to detail and commitment to customer satisfaction are truly commendable. Thank you so much.
    Paloma RichPaloma Rich
    12:28 25 Apr 24
    Arslan worked with us every day of the process to ensure we were getting the best possible rate for our renewal. He was genuinely involved in our case and was professional and knowledgeable. We couldn't be more grateful.
    Charlie ThomasCharlie Thomas
    13:13 22 Apr 24
    Arslan is simply amazing. No other way to describe it he makes the process painless and easy. He is straight up and honest about everything and gives great feedback. His communication is stellar HIGHLY HIGHLY RECOMMENDED very fortunate to have her in the house buying process we are forever grateful thank you so much.
    abbas nimraabbas nimra
    10:30 15 Apr 24
    wonderful staff and friendly environment. They take the time to help you. The best place to consult when looking for your best options on a mortgage
    Taranjeet SinghTaranjeet Singh
    21:42 05 Apr 24
    Dealing with Arsalan is a real pleasure. He is so thorough, professional, diligent, responsive and kind. I feel confident to have him on my side finding me the best lenders and mortgages, and guiding me through the process with his thorough knowledge and integrity.
    Anthony RossiAnthony Rossi
    20:43 05 Apr 24
    Arsalan is a rock star. I work in the industry of finance and capital markets, understand financing intimately and I still hire Arsalan to handle my personal mortgage needs. He is detailed, and honest and very capable of handling any situation.
    F LorenzF Lorenz
    19:56 22 Mar 24
    Arsilan , ask for him , excellent service , professional.
    Alastair D'SouzaAlastair D'Souza
    21:07 17 Mar 24
    A real professional who gets the job done. It was a pleasure to work with Arsalan and his team. Highly recommended.
    Aryan TalpadaAryan Talpada
    19:25 15 Mar 24
    My mortgage was coming up for renewal. I found Dream Big Mortgage on Google Directory. Arsalan helped me with my mortgage. The rate that he was able to find for me was great. I was able to make the monthly payment for my new mortgage. Arsalan is a great mortgage agent. I highly recommend him.
    James DaJames Da
    18:34 15 Mar 24
    Arsalan is saviour because our previous mortgage agent was not good. After we came to Arsalan, he explained the whole mortgage process and make sure that we understand the whole process. Whenever we had questions, he answered his phone and explained the questions in detail. We are very happy with his service. Great work Arsalan. We highly recommend him.
    06:25 13 Mar 24
    Ayush TalpadeAyush Talpade
    02:47 13 Mar 24
    Arsalan was extremely helpful with my mortgage. I highly recommend him because he got great rate forme and my family. Thank you Arsalan.
    13:12 04 Mar 24
    Arsalan and Mike from Dream Big Mortgage were fantastic in helping me secure a mortgage for my pre-construction home. They went above and beyond to find the perfect product for our house and even managed to get extra funds for closing costs. Most importantly, they made sure we got the best possible rate for our situation. I wholeheartedly recommend Dream Big Mortgage to anyone looking to get Mortgage.
    Peter StroumosPeter Stroumos
    08:46 29 Feb 24
    All I have to say is Arsalan and Ben pulled of my mortgage ! After many attempts with other companies and being denied I decided to give it one last chance with dream big and they pulled it off! Thank you again
    Ton ChenTon Chen
    17:07 01 Feb 24
    I have a great experience with Arsalan. He explained everything about the mortgage. He got a great rate for my mortgage. I am very happy with the result. Thank you for all your work Arsalan.
    Quang DinhQuang Dinh
    17:05 01 Feb 24
    Arsalan help us with our mortgage. The process went very smoothly, and I did not feel that I am getting a mortgage. Great and professional service. I recommend Arsalan to everyone.
    I was very pleased with how much attention effort was put into this deal. Having Ben as my mortgage broker was a plus in theses times..thank you very much for your hard work…If you need a mortgage, call Big Dream Mortgages…Ben will help get you one…
    Dyadya sDyadya s
    23:18 11 Jan 24
    Amazing best service
    Gina LeeGina Lee
    13:50 10 Oct 23
    Arsalan has been a great help in getting the best rates possible, making sure my property close in time. Truly appreciate his professional service!
    Ewan MadridEwan Madrid
    15:53 22 Aug 23
    We're amazing
    rosa montesanorosa montesano
    19:17 20 Jun 23
    Being a Real Estate agent, I have the opportunity to work with many Mortgage Brokers. Arsalan is definitely someone I would recommend. He goes over and above to make sure you are taking care of, finds you the best deal possible, and what's outstanding with him is, he is not done once you have your Mortgage. He is still available for any questions or concerns you may have. So if your in the market to buy a home, or are in need of refinancing, Arsalan is the one to call. I know, you will not be disappointed.
    02:39 19 Mar 23
    JUSTIN LawsonJUSTIN Lawson
    15:19 08 Mar 23
    Arslan was professional, knowledgeable and accessible to answer our many questions as first time home buyers. He was a pleasure to work with and got us the absolute best mortgage possible. We are so grateful
    Vanessa CollinsVanessa Collins
    20:58 29 Jan 23
    My mortgage was coming up for renewal and the rate provided by my existing lender was almost double the current rate and I would not be able to afford the new payments. I found Mike at Dream Big Mortgages and he was able to find me a better rate with a different lender and save me thousands of dollars in extra payments. I would highly recommend you contact Mike for help with any of your financial needs.
    Mercedes CorreaMercedes Correa
    03:38 29 Jan 23
    A pleasure to work with Mike Farrow. He explains all the details of a mortgage transaction very clear. It makes the process stress free. He offered me a better rate than other broker and/or a big bank, with faster response time. Thanks and Kudos to Mike!
    Fariba AndampourFariba Andampour
    17:52 16 Jan 23
    I had a great experience working with Dream Big Mortgage /Arsalan . Arsalan was professional, responsive and made the process of obtaining a mortgage easy and stress-free. He explained everything clearly and were always available to answer any questions I had. I highly recommend Dream Big Mortgage / Arsalan to anyone in need of a mortgage.
    Zhen Abu- ZahraZhen Abu- Zahra
    10:04 16 Jan 23
    We had an amazing service with Arsalan and his team. They answered every questions we had and explained the whole process of buying our fist home. Getting our mortgage was quick a quick and easy process with her.
    B. S.B. S.
    02:42 10 Jan 23
    Arsalan was perfect. He works so hard and thoroughly enjoys what he does. My family was in a tight spot and after talking to him each time I felt looked after and cared for. He is honest and great at what he does. I recommend him 100%.
    Felix HutterFelix Hutter
    02:41 10 Jan 23
    Arsalan was perfect. He works so hard and thoroughly enjoys what he does. My family was in a tight spot and after talking to him each time I felt looked after and cared for. He is honest and great at what he does. I recommend him 100%.
    MichaelIsabella WallimMichaelIsabella Wallim
    01:55 09 Jan 23
    Arsalan was very helpful throughout the whole process of buying our first home. He is an energetic and fun guy to work with! He is extremely knowledgeable.Highly recommend
    Kari RobertsonKari Robertson
    08:39 06 Dec 22
    I've worked with Arsalan 2 times to negotiate mortgages. He has been a huge help in my home buying experiences. I highly recommend Dream big mortgages.
    Lindsay SimsLindsay Sims
    20:20 23 Nov 22
    Arslan his team at dream big mortgages are absolutely wonderful to work with. We have worked on several transactions for mutual clients, and everything went smoothly, closed on time, and my buyers got a grate rate! I will definitely refer business to dream big mortgages in the future!
    Groove DancerGroove Dancer
    22:07 18 Nov 22
    Arsalan was helpful and generous with his time and energy. The lenders did not do their prep work and as a result, we were able to complete the transaction.
    Martin ZachMartin Zach
    03:01 16 Nov 22
    Arsalan and his team helped us immensely throughout our mortgage journey. They were always extremely professional and patient throughout the whole process. I would highly recommend dream big mortgages.
    Staffin JasStaffin Jas
    09:14 12 Oct 22
    Arsalan was extremely professional, helpful and addressed every question. He was always available. It was a pleasure working with him. If you want the best rates and a dedicated mortgage broker Arsalan is your man. I highly recommend him
    Amédée AnthelmeAmédée Anthelme
    13:20 06 Oct 22
    The Arsalan team was amazing to work with! The staff is extremely friendly and knowledgeable. They answered all of my questions promptly, and were there to support me every step of the way, reducing the stress of buying my first home
    Kim HernceKim Hernce
    16:07 04 Oct 22
    Arsalan went above and beyond! He was incredible knowledgeable, helpful, positive and efficient. I felt confident that I was in good hands through the entire process. I would recommend him to anyone in the process of buying a home!
    Danny MorrisDanny Morris
    18:17 30 Sep 22
    What an amazing team Arsalan put together- responsive, courteous, and intelligent. I have completed a mortgage and refi- seamlessly and timely! I highly recommend if you want to deal with competent people who are on top of it every step of the way!
    Philip GardnerPhilip Gardner
    10:16 28 Sep 22
    Arsalan was responsive, patient, and always considerate of our understanding. This was my first home purchase and he took the time to ensure I felt confident each step of the way. Would highly recommend!
    Megan LarsonMegan Larson
    12:02 16 Sep 22
    Arsalan and his team were awesome. They were quick to respond to any questions we had. They worked hard to get us closed as quickly as possible with minimal effort on our part. We have enjoyed working with them and would recommend them to anyone looking for a mortgage.
    Danielle BatesDanielle Bates
    12:02 13 Sep 22
    Arsalan and his team did an excellent job during a refinance and purchase I needed help with. My loans closed on a timely fashion and I was kept informed in every step of the way. I highly recommend Arsalan and his team.
    Kenneth McCauleyKenneth McCauley
    10:54 26 Aug 22
    Quick and easy, defiantly will refer them to all of my friends. The process went smoothly which has a lot to do with the many years mike has been in business. I will definitely use dream big mortgages again for any future property loans or refinances.
    Silas AndersonSilas Anderson
    12:20 25 Aug 22
    I just bought my first home with mike, and he really made it a straight-forward experience. He responded to every question promptly and thoroughly, made sure I was getting a good rate for my mortgage, and helped me get an early closing date. I highly recommend working with him!
    Pedro BatesPedro Bates
    13:46 24 Aug 22
    Arsalan was very helpful with our first home purchase. Any questions that we had, Arsalan answered right away. The process was made easy and well explained every step of the way. I highly recommend dream big mortgages for any home buyer.
    Romina RomanganoRomina Romangano
    14:24 23 Aug 22
    Arsalan was very responsive and always answer all my questions. Arsalan and his team were excellent on dealing with my refinance and helping out my mom and dad with their new house. Not to mention the great Rates his team was able to get for us.
    Milo WilliamMilo William
    15:17 22 Aug 22
    Mike and his mortgage team made our home buying process so easy! Not only did they take the time to educate us as first time home buyers, but they guided us step by step through the financing process and made the whole thing easy and understandable. They were always available for a call to answer quick questions and if anything, over communicated to us during the process (a very good thing!) I couldn't recommend Mike and his team more!
    Hamish LewisHamish Lewis
    15:16 22 Aug 22
    Working with Arsalan and team has been an amazing experience! We were lucky enough to work with him on another home purchase in the past. They are very responsive, clear with their answers and always making sure we are comfortable with the plan
    Rowan AntonioRowan Antonio
    15:15 19 Aug 22
    Mike was great. He was able to explain everything through the process and made it easy. They never had to ask twice for documents and they were able to close quickly. This is our second investment and this was smoother than the first.
    Stella AndersonStella Anderson
    15:14 19 Aug 22
    I’m was truly happy working with mike. He was always there to answer my questions and to get thing done for me. Would highly recommend him to anyone looking to purchase a home. Great job mike
    Mark BennettMark Bennett
    13:50 16 Aug 22
    Arsalan has helped me through the years with mortgages and refinancing. His attention to detail is great and her professionalism the best. I have referred friends and family to her and everyone has been extremely satisfied! You can't do any better!
    Aliana WillowAliana Willow
    18:57 15 Aug 22
    Working with Arsalan was a pleasure. He simplified the process for us, and found us an outstanding mortgage provider and rate. We just moved into our dream home, made possible by his support. He is responsive, and available any time I have a question or need some advice. Highly recommend working with him and this team.
    Deborah JohnsonDeborah Johnson
    17:17 12 Aug 22
    Arsalan and his team under promised and over delivered. They exceeded our expectations and made our refinance relatively easy. They were also responsive to emails and inquiries, sometimes responding in mere minutes to questions posed to them. I highly recommend them.
    Arlo WatsonArlo Watson
    10:00 09 Aug 22
    Arsalan and his team were excellent to work with. He kept on constant communication with us and answered all of our questions thoroughly, which made our first time home buying process go as smoothly as possible. I would 100% recommend!
    Aanchal KhuranaAanchal Khurana
    09:29 22 Jul 22
    We had a great experience with Arsalan! He's incredibly knowledgeable, friendly, and on top of his work - he followed up when we were slacking on our paperwork. 100% recommend to anyone looking at mortgages
    Manan RajpootManan Rajpoot
    09:42 20 Jul 22
    Arsalan made it possible in very less time, We were not very sure how to go about our home Mortgage as being a first time buyer. It was easy and transparent to deal with his office. Definitely a satisfied customer 🙂
    Michael DellMichael Dell
    11:13 18 Jul 22
    Arsalan and his staff at dream big mortgages have made home buying simple. I have used them three times and their ability to secure a great rate on a loan is unprecedented in this business. You will not go wrong using them. They are fantastic!
    Lincoln SmithLincoln Smith
    00:39 16 Jul 22
    We had a great experience with Arslan. He made the process of getting a mortgage really easy and explained every stage thoroughly to us to ensure we were happy with everything. Would highly recommend and will be using in the future when we need to remortgage.
    Blake AlejandroBlake Alejandro
    00:38 16 Jul 22
    Arsalan was a fantastic broker, he managed to get the best interest rate possible, and was incredibly friendly with his service. No question too hard at all and managed to put all my worries to rest. Thank you Arsalan for everything. Will definitely be coming back in the future
    Jordan BevanJordan Bevan
    10:44 06 Jul 22
    Dream Big Mortgages was our first choice! While dealing with Arsalan for a bit to help us determine the best loan for us, he pulled through and found us the best deal. We are very thankful for Dream Big and Arsalan as well. We very much recommend Arsalan!
    Roman DavidRoman David
    01:13 06 Jul 22
    Arsalan his team are professionals. They respond and reply to your questions and are very patient. I had a complex situation as a self employed individual and they got me to the closing table timely as agreed. Highly recommend!
    NICOLE ZehratNICOLE Zehrat
    01:45 04 Jul 22
    Arsalan is extremely professional and friendly. He's easy to work with, explains everything thoroughly, is quick to respond, and provides all-round stellar service. He makes a complicated process like getting or renewing a mortgage much more manageable and painless. I would recommend him to anyone looking for a mortgage broker.
    Lise ClercLise Clerc
    01:44 04 Jul 22
    Arsalan made all parts of our mortgage process easy to understand and efficient! We would highly recommend his professional, and timely service! His expertise is equally matched by his friendly demeanour and thoughtfulness.
    Abbay MoxenAbbay Moxen
    11:51 01 Jul 22
    Arsalan and his team were very informative, friendly and patient with us as we navigated the purchase of our first home. He was always available to answer any of our questions. Overall, we found our experience to be relatively straightforward and stress-free. Highly recommend!
    Aiden CampbellAiden Campbell
    11:02 01 Jul 22
    We've used Arsalans services a couple of times and he has always been great to deal with. He is trustworthy, answers questions promptly, and is very knowledgeable in his field. He makes sure his clients get the best value when it comes to choosing a mortgage type. We will likely be sticking him as our mortgage broker in the future.
    A Google User
    A Google User
    08:24 28 Jun 22
    Arsalan is very helpful and professional. He provide us with resources and guide us through the whole process. We have an issue with our lender adding insurance premium on our mortgage commitment 2 days before closing date. We contacted Arsalan and he resolved the issue right away.
    Ayden CiernsAyden Cierns
    08:24 28 Jun 22
    Arsalan was great. He answered all of my questions quickly by phone, text and email even after business hours. He took the time to walk me through the process and explained all of my options. I have recommended him to everyone I know in the area.
    Barry MurryBarry Murry
    08:59 24 Jun 22
    Arsalan is a fantastic Mortgage Broker and an all around great person. He was extremely helpful when our mortgage was up for renewal and I appreciate his regular social media updates/advice when rates are changing. These are turbulent times and I'm happy to have a broker like him that cares on my side.
    Abbie DoddAbbie Dodd
    08:03 23 Jun 22
    Arsalan and his team were recommended to us by our realtor. They did a phenomenal job looking after us and making the entire process as smooth and painless as could be. While we never got to meet in person each email and phone call was met with a quick response and answers to any questions we had. I would highly recommend them!
    Archie MillerArchie Miller
    11:59 20 Jun 22
    It was a great experience working with Arsalan he helped in securing refinance for my home. The whole process was wonderful and seamless. Would recommend him for mortgage servicing needs.
    Horance ElliottHorance Elliott
    08:22 18 Jun 22
    We were recommended Arsalan by a close friend of ours. After working with him for a bit to determine the best loan for us, he got us exactly what we were looking for. We couldn't be more happy! We highly recommend trying out Dream Big!
    Samuel LarsonSamuel Larson
    15:27 17 Jun 22
    Arsalan was great, he got us a fantastic rate. Will be recommending to family and friends 100%
    Audrey BAINAudrey BAIN
    14:25 17 Jun 22
    We got our mortgage through dream big mortgages, and our agent Arsalan was fantastic. He was on top of the process the whole way through, and worked to get us the best deal possible. I would highly recommend him to anyone looking for a mortgage.
    Nima MalekNima Malek
    18:56 01 Jun 22
    Our home purchase experience started off terribly but was quickly rescued by Arsalan. When we purchased our first home in August 2021 we were unsure whether we were able to be keep our current condo as a investment or have to sell it to be able to secure financing for the house. With little knowledge of the mortgage process and different types and rates provided we were first introduced to a broker through our real estate agent. Explaining the overall situation to this initial broker, they informed us that we able to use the equity in the condo as a partial downpayment towards the house and with some additional cash come up with the entire 20% downpayment. The issue here was this initial broker told us that the only way to be able to generate the outcome we wanted was with a variable mortgage. When we asked about whether we can do it with a fixed mortgage he would divert from the question and continue to sell us on the benefits of a variable mortgage vs fixed. This behaviour gave me a terrible gut feeling and I decided to get another opinion. Time was ticking and the close date was getting closer and closer and we had yet finalized the financing adding an unnecessary level of anxiety.Using my network I was introduced to Arsalan from Dream Big mortgages.We presented our situation to Arsalan and within a few days he came to us like an absolute professional and presented a numerous different possible outcomes (variable and fixed with different rates). This turned my initial bad experience into a much more positive one. Why because Arsalan took the time to listen to us and presented options that were for our best interest. So the final outcome we were able to keep the condo as an investment, secure the financing on the house and get a fixed rate for the next 5 years.Arsalan I would like to thank you for your level of professionalism. You made our home purchase experience a joy rather than a burden. You also allowed us to be in a better position for the future.Regards,Nima
    Jam Master JJam Master J
    11:30 20 May 22
    Arsalan at Dream Big Mortgages was recommended to us, and we will recommend him and his team to others.He made sure that my wife and I understood everything, and the process was smooth and he got us a rate that my previous lender told us wasn't available.Arsalan was great and we would definitely use Dream Big Mortgages again.
    Jane Baker lifeJane Baker life
    14:57 27 Apr 22
    Very Professional always friendly. Will recommend to everyone. Thanks for all the hard work.
    Tahereh RostamiTahereh Rostami
    02:16 27 Apr 22
    As first time home-buyers trying to buy a home Arsalan was our Agent and he was very helpful in answering all of our questions and making sure everything was set up and on time for our closing date! He was fantastic throughout the whole process and very knowledgeable. He helped select a great rate with a good bank. Would 100% recommend him and Dream big mortgages .
    JJ HJJ H
    00:28 27 Apr 22
    Thank you for making our bridge mortgage happen. Highly recommended Arsalan
    Jazmine SolJazmine Sol
    16:27 18 Apr 22
    I was recommended to Dream Big Mortgages by a friend of mine who had previously worked with Arsalan on a mortgage. Given that he came highly recommended I figured I would reach out since I was purchasing a new home and needed a mortgage. He walked me through the entire process and made me feel at ease. He was patient, knowledgeable, and efficient in getting the deal done on time. I think as any first time home buyer, the process can be stressful, but my experience was done very smoothly. I would definitely work with Arsalan again on future mortgages and definitely recommend to friends and family. Thanks again!

    Our Partners

    At Dream Big Mortgages, we have a diversified group of lending partners

    Good Credit, Bad Credit?

    Reach out to us!


    What Does Dream Big Mortgages Do?

    We offer various solutions to our clients, including:

    You can learn more about our solutions here.

    Should I Hire a Mortgage Broker?

    Hiring a mortgage broker is a solid idea if you're new to the mortgage process. We have years of experience in this industry and the best up-to-date knowledge about how to get a loan.  

    In addition, an experienced mortgage broker has access to the top lenders for your needs quickly. The mortgage process has never been more straightforward with a mortgage broker and will require minimal effort on your part. Plus, many mortgage brokers already know many of the lenders. As a result, they can negotiate a lower mortgage rate and more straightforward terms.

    What Costs Come with Buying a Home?

    Here is a list of costs associated with buying a home:

    • Down payment: This payment is an initial up-front partial payment. Depending on your situation, you'll need to have at least 5% down, likely more. You will require a down payment of at least 20% for a conventional mortgage. 
    • Deposit: This payment counts towards your down payment and is required by the seller to prove your commitment to buying the property.
    • Home inspection fee: A home inspection fee will ensure the house is structurally sound.
    • Mortgage default insurance: This insurance will be required if you put less than 20% down.
    • Land Transfer Tax (LTT): This tax is calculated as a percentage of the purchase price, with the amount varying (depending on the province).
    • Legal fees, disbursements, and title insurance: These costs are associated with your solicitor.
    • Other costs may include property insurance, tax, or utility adjustments.
    • Moving costs: The cost of moving your belongings and move-in/out cleanings. 
    What are Some Monthly Home Costs?

    Here's the rundown of the monthly costs of owning a home:

    Mortgage Payment

    This monthly payment is the most significant monthly expense for many homeowners. The amount varies based on your payment schedule, mortgage term, and amortization.

    Property Taxes

    Property taxes are based on the municipality you live in and are collected to pay for civic services. These include garbage and recycling collection, snow removal and road maintenance, and fire protection.

    School Taxes

    Depending on certain municipalities, there can be school taxes integrated into property taxes. For others, they are collected separately and can be paid in a one-time lump sum, generally around the end of the current school year.


    Homeowners are responsible for all utility bills, like heating, gas, electricity, water, telephone, and cable.

    Maintenance and Upkeep

    Owning a home comes with extra costs for maintenance and upkeep. For example, painting, roof repairs, electrical and plumbing, walks and driveway, lawn and tree care, and snow removal.

    How Much Can I Afford when Paying for a Home?

    First, you'll need to know your taxable income. In addition, you'll need to include any outstanding debts and monthly payments.

    Here are other things to consider:

    1. Calculate 39% of your income for a mortgage payments, property taxes, and heating. You can also include half the amount of the estimated monthly maintenance fees.
    2. Then, calculate 44% of your taxable income and deduct your monthly debt payments. These payments include car loans, credit cards, and lines of credit.
    3. The lesser of the first or second amount will help you figure out how much of your income can be used towards housing-related payments, like your mortgage payment. 
    What is a Home Inspection? Should I Get One Done? 

    Essentially, yes. A home inspection is a visual investigation of a property to determine the home's condition. In addition, it should only be done by a professional home inspector.

    During this process, the inspector will check all significant parts of the home, like the ceilings, roof walls, flooring, foundations, crawl spaces, attics, and the electrical, heating, plumbing, drainage, and exterior weatherproofing systems. The home inspection will be provided to the purchaser in written form, ideally within 24 hours of the examination.

    All in all, a home inspection can provide you with relief in your choice. It can also inform you of any maintenance or repairs that could benefit your home.

    What is the Minimum Down Payment Needed to Buy a Home?
    A minimum down payment of 5% is necessary when buying a home; however, it can be subject to certain maximum price restrictions. In addition, other situations, like being self-employed or having poor credit, can impact the necessary down payment amount. Along with the down payment, you must be able to prove that you can cover any applicable closing costs. For example, legal fees, disbursements, appraisal feesand a survey certificate, if applicable. In addition, at least 5% of the down payment must come from your cash resources or a gift from a family member. For non-residents and anyone new to Canada, that amount usually rises to 10% and does not have the option to be borrowed. Finally, mortgages with less than 20% down must have mortgage loan insurance. CMHC, Sagen, or Canada Guaranty can provide it.
    Does Bankruptcy Affect Qualification for a Mortgage?
    After you declare bankruptcy, re-establishing your credit to secure a mortgage can be challenging. However, not all hope is lost - it can depend on the circumstances regarding your bankruptcy. For example, some lenders may offer mortgage financing.
    What is a Pre-approved Mortgage?

    A pre-approved mortgage is an idea of the maximum amount of mortgage you will qualify for, with an interest rate guarantee for a specific time (generally 60 to 120 days) that the lender provides. It's one of the first steps a home buyer should pursue. 

    However, a pre-approval does not guarantee that you'll receive the funds, but it can give you an accurate picture of the maximum amount you should consider when purchasing a home. 

    The pre-approval process requires financial and credit score information to determine the loan size you are eligible for, according to lender and government regulations. In addition, your down payment will be considered in the amount.

    Also, many realtors prefer that you have a pre-approved mortgage before they show you any homes. Then they'll have a better idea of what you can afford. 

    Why Choose Dream Big Mortgages?

    Dream Big Mortgages puts our customers first and supports your interests. We want you to have the best mortgage experience possible, so we take the complications out of the application process and make things simple. 

    Our team of tech-savvy mortgage experts will handle every aspect for you and find you the best rate. All in all, we take the hassle out of the mortgage application process.

    Communities We Serve

    We provide service throughout all of Ontario with a focus on the following cities

















    Fort Erie





    Kawartha Lakes






    Niagara Falls


    North Bay






    Perry Sound



    Port Perry

    Richmond Hill

    Sault Ste. Marie


    St. Catherines




    Thunder Bay