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2 Aug, 2022 couple working with mortgage brokers in bc

If you are in the British Columbia market for a mortgage, you might come across a term that you might not understand very well — “mortgage broker.”

If you’re not sure what a mortgage broker does, you’re not alone. Many people aren’t exactly sure what a mortgage broker does, either. After all, you might think that you only need a lender to give you a mortgage. Right? Well, it’s a little more complicated than that. A mortgage broker can actually help you find a lender and get you the best mortgage rates. They can also guide you through the process of applying for a mortgage.

In this post, we’ll look at what mortgage brokers in BC do, what they offer, and how they can help you get the mortgage you want.

29 Jun, 2022 presale mortgage condos

A presale mortgage allows you to purchase a home in the construction phase. You’ll likely have to put down a significant amount of money as a down payment, and the terms of the mortgage will likely be higher than what you’d receive if you got the loan after closing. The benefit of this type of mortgage is that it allows you to purchase a home sooner and at a better price than you would have been able to if you didn’t have this type of loan.