Best Rate Mortgage Options BC

Mortgage Options BCYour BC Mortgage Broker has mortgage options through a variety of products to suite your needs. All at today’s best mortgage rates in Canada.

 

 

 

Self Employed

Self Employed Mortgage Lenders BC

There are many mortgage options through a variety of programs available for the self employed. Some of the most common programs are stated income or low doc mortgages. These different programs require a significantly different down payment & or home equity.

Self Employed Mortgage Income Verified (income gross up)

In some cases, you can qualify with as little as 10% down (20% on refinance) Income verification is required for these types of programs.

Self Employed Mortgage Alternative Lending BC

Others require 35% down for such programs as stated income mortgages. (we do have options for higher LTV) There are also B-Lenders that allow Self Employed home owners and buyers to qualify under higher debt servicing.

2nd Mortgage Blend & Extend

If you have a mortgage with a bank or credit union and they are only willing to refinance your current mortgage, there maybe other mortgage options to save you money.

Many banks do not provide a second mortgage options or to blend a new mortgage. We have banks with options up to 65% of the homes value. Lenders do require these to be in their approved areas and income and credit requirements do apply.

We also provide private mortgage lending up to 75%. These types of 2nd mortgages do not require income or credit to qualify you. Rather your homes equity is the largest factor in approving a home equity loan.

HELOC

HELOC currently come at prime + rates and borrowers can qualify up to 65% LTV of their homes value. Most major banks & Credit unions offer mortgage options for HELOC. Currently HELOC requires good credit & verified income ratios.

Home Equity Loans differ from HELOC due to them being a pure equity product. Home Equity Loans are approved regardless of income and credit. Lenders will lend up to 75% of the homes value in major centers.

Rental Properties

Rental Properties are a great way to invest in your future using Real-estate. Qualifying for these types of mortgages have many criteria.

Mortgage Options for purchasing Rental Properties

  • Do you need to use a rental offset?
  • What is the min down payment? 5% or 20% (we have options based on both. Conditions apply)
  • Lower Beacon Score options
  • Rental properties in Personal Name
  • A Lenders & B Lenders Rental Units
  • 2-4 Units or Options Above

Inter Alia/Bridge Loan

This type of mortgage financing takes two properties as security. Inter Alia allows lenders to secure against two properties allowing additional security while offering short term bridging. Conditions apply.

Debt Consolidation

Debt Consolidation Mortgage BC

Refinancing a mortgage or obtaining a HELOC or 2nd mortgage to consolidate consumer debt is a great way to free up cash flow and improve your credit. Banks & credit unions have a bunch of different products that can assist home owners. As well alternative mortgage lenders have more creative options if your file does not fit under traditional bank.

Commercial Mortgage

Mortgage Financing on investment properties industrial business, retail space, developments, warehouses, apartment buildings multi family units and office buildings.

New To Canada

New in Canada and looking to purchase a home? We have many products available to assist with a new home purchase or refinance. Products like these have many different requirements so for a complete assessment of your situation call today and one of our mortgage brokers will be happy to assist you.

Non Residence

Non resident in Canada and looking to purchase a home? We have many products available to assist with a new home purchase or refinance. Products like these have many different requirements so for a complete assessment of your situation call today and one of our mortgage brokers will be happy to assist you.

Pre Approvals

Purchasing a home or a first-time home buy. Learn the difference between a rate hold pre approval and a true approval.

Switch Lenders

Looking for a better rate or terms than your current lender? Switching lenders at renewal is a great way to obtain a better rate or terms than your current lender.

For a complete assessment of your situation call today and one of our mortgage brokers will be happy to assist you.