At MullenandMullen Mortgage Architects, we shop the entire mortgage market for you. Instead of visiting one bank, you gain access to top lenders, competitive rates, and tailored mortgage solutions — all with one streamlined application.

Most residential clients pay no fee. Lenders compensate us directly once your mortgage funds. If a fee is ever required (ex: private lending), we tell you upfront.

Banks only offer their own products — we offer multiple lenders, flexible approvals, and customized advice to help you save money and choose the right mortgage for your goals.

• 5% for homes up to $500,000

• 5% on first $500,000 + 10% on remainder to $999,999

• 20% for homes $1M+

Most lenders prefer 650+, but we also work with alternative lenders for unique situations.

This depends on your debts, home price, and down payment. We provide free pre-approvals to determine your exact mortgage qualification.

You may need:

• ID

• Income verification (T4s, pay stubs, job letter, or self-employed documents)

• Bank statements

• Down payment proof

• Property details

• Pre-approval: 24–48 hours

• Full approval: 2 business days

It estimates your borrowing power and may hold a rate for 90–120 days, protecting you from rising rates.

Yes — we specialize in self-employed mortgage programs, including bank-statement and alternative income verification.

You still have options. We work with lenders comfortable with past collections, late payments, and consumer proposals.

• Fixed

• Variable

• Adjustable-rate

• First-time homebuyer

• Renewals

• Refinances

• Investment / rental property

• HELOC

• Private lending

• Cottage & vacation property financing

• Self- employed mortgages

Required when your down payment is under 20%. Provided by CMHC, Sagen, or Canada Guaranty.

Yes — renewals are one of the best opportunities to secure lower rates or better terms.

Yes. Refinancing allows you to:

• Consolidate debt

• Access equity

• Renovate

• Lower monthly payments

• Invest
  

You can typically borrow up to 80% of your home’s value.

• Fixed: Stable payments, predictable budgeting

• Variable: Moves with prime rate and can save money depending on rate trends

Variable-Rate Mortgage (VRM)

• Payment usually stays the same

• Interest vs. principal changes

• Trigger rate rules may apply

Adjustable-Rate Mortgage (ARM)

• Payment changes automatically when prime changes

• Amortization remains more consistent

Fixed rates follow the Government of Canada 5-year bond yield.

• Bond yields rise → fixed rates rise

• Bond yields fall → fixed rates fall

The Bank of Canada:

• Sets the overnight rate

• Controls inflation

• Influences lender prime rates

• Supports financial/economic stability

Short-Term Rentals (Airbnb, VRBO)

• Fewer lenders

• 20–35% down

• Not all lenders count short-term income

• Higher risk = stricter guidelines

Long-Term Rentals

• Widely accepted

• 50–100% of rental income may be used

• 20% down is typical

Lump-Sum Payments

Make extra payments directly to your principal (often 10–20% of the original balance per year).

Increase Your Regular Payments

Many lenders allow increases of 10–20% per year.

Double-Up Payments

Additional payments that go straight toward principal.

Prepayment reduces interest and shortens your amortization significantly.