Your Stress Free Dream Home

When buying or refinancing a home, getting the right mortgage is so important to the long-term value of your important investment. Shaving a point (or 2 or 3 or 4…) adds up, and every payment you make will remind you of the good decision.

But we’re about more than just great rates – Castlerock Financial is all about great service, easy pre-approvals and ease of mortgage financing needs. Whether you’re buying your first home, upgrading, downsizing, or just renewing or refinancing, we will always give you the mortgage is right for you and your family.

Try our mortgage calculator to see how our great mortgage rates can help you save!

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Doing it Right from the Beginning

For First Time Home Buyers


Before you even consider buying your first home, the most important step you can take is to understand what you can afford. Lenders will pre-approve borrowers up to a maximum amount based on their assessment of your ability pay back the mortgage. Knowing how much lenders are prepared to loan you (and at what rate) allows you to shop with confidence for a property within the pre-approved range (plus the amount of the funds you have set aside for a down payment).

Castletrock Financial can help you get pre-approvals from multiple lenders. You are not obligated to borrow from the pre-approving lender. It is our right to shop the market for the best rate available once a the deal is firm. The pre-approval process also allows us to understand whether there are any issues that can make financing a purchase more challenging, and to find appropriate solutions before a purchase is made.


Before shopping for a home, first time buyers should understand that they will need to have an amount of cash available for a deposit to be submitted with an offer to purchase. The deposit is only cashed in the event of an actual sale, but is intended to demonstrate to the person selling the property that you are serious to purchase. Your real estate agent can advise you on an appropriate value to offer on deposit and the circumstances under which you could forfeit your deposit.


Though not typically a significant expense (usually under $500), a home inspection is a strongly recommended step in any home purchase. Your real estate agent should ensure that any offer to purchase you submit is contingent upon an inspection of the property by a qualified professional. A qualified home inspector can assess the condition of the home and provide you with a report detailing areas that may require repair or attention. It is important to know these facts, in order to understand whether the property really is affordable.

Down Payment

A down payment is the amount of cash a buyer will provide toward purchase. Added together with the amount provided by the lender, the house whole purchase price is met. A down payment for first time buyers in Ontario must be a minimum of 5% of the purchase price (e.g. $250,000 x 5% = $12,500).

Closing Costs

First time buyers should also understand what other costs they will incur when buying a home as these can be quite significant. These may include:

Land transfer taxes Lawyer's fees
Title insurance Moving costs
Home insurance Incidentals

We will help you with an estimate of these costs will help so you understand what funds you will actually need to complete your purchase.

Aside from your mortgage payments, there are property taxes and maintenance costs (maintenance fees if you are purchasing a condominium). So plan ahead to have some extra funds available to make your new house your home.

Renewals and Switches


We help our clients make the most of home ownership with great rates which results in significant savings for more important things in life.

Castlerock Financial will shop for the best rates from our diverse group of lenders. Our lenders, both institutional and private aim to provide the broadest range of options for you. We also have access to unpublished rates available exclusively to select mortgage professionals.


There are times when interest rates have dropped enough to make it worth your while to switch to a new mortgage even before your renewal date. There is a penalty to be released from your current mortgage so the rate differential needs to be significant before this option makes sense. We can help you determine what's best in your situation.

Second Mortgage

When you need a little extra help

In some cases, securing full funding for the purchase of a property can be challenging. A second mortgage can be the answer to close the deal on your property. Castlerock’s network of lenders includes both institutional and private lenders have forged long-term relationships.

As a result, we can arrange second mortgages at rates more favourable than may otherwise be available. It’s best to secure favourable lending terms is before purchasing. If you're in the process of looking, I highly recommend a free consultation with Castlerock Financial before you buy.

Refinancing and Equity Loans

Make Your Dream Home... Dreamier

For most people, your home is your most valuable asset, especially if you have built up equity by paying down your mortgage over time. You can borrow against that equity, if needed, in order to finance other goals that require substantial cash investments - e.g. renovations, purchasing a business, buying a cottage, etc.

As with any type of mortgage, Castlerock can help to get the most favourable rate and terms. Due to our vast network of private and institutional lenders you may receive multiple loan offers. In many cases we are able to secure exclusive, unpublished rates on behalf of our clients.

Castlerock can make it convenient, easy and fast.