Types of Mortgages For Vancouver

One of the main advantages associated when working with one of our mortgage brokers involves your choice of mortgage.  This also includes other factors such as mortgage payment options, pre payment options and term options.   Having access to the entire lending market in Canada allows us to offer you various types of mortgages.

Some of them include:

Fixed Rate Mortgages – These types of mortgages are great if you are looking for a fixed mortgage payment through out the term of the loan.  With interest rates still at historic lows, many people are taking advantage and secure longer terms on their mortgage.

Variable Rate Mortgages – Traditionally, the variable rate is always attached to the Bank Of Canada Prime Rate. Due to the weaker economy, the Bank Of Canada as dropped the prime rate at all time lows. This can be beneficial at the present time because you will secure a lower rate. However, you must take into consideration the prime rate will get back to the regular norm of between 5 and 7%.   If you are thinking about a variable rate, we always advise you have a detailed conversation with one of our mortgage brokers.

Commercial Mortgages – If you are looking to secure a mortgage for your business then working with us should be your first step.  With access to all the major commercial lenders in Canada, its in your interest to contact our offices first. This is because we will do all the shopping for you, don’t let “not having access” get in the way to securing a better commercial mortgage.

No Money Down or Zero Down Mortgages – Many current lenders and financial institutions require borrowers to have a minimum 5% down in order to obtain a mortgage.

If you would like inquire about additional mortgage options, please do not hesitate to contact us.