Vancouver Mortgage Broker

/Vancouver Mortgage Broker

Three Common Myths about Mortgage Brokers

To get the benefits of hiring a mortgage broker in Vancouver BC, potential home buyers must understand the complete truth about working with one. Listed below are some common myths busted regarding mortgage brokers.

Myth 1: Mortgage Brokers Always Favour One Particular Bank or Lender

Mortgage brokers align themselves with more than one lender. They have access to a number of banks or private lenders and recommend services based on the needs of the individual client. With their strong network of well-acquainted lenders they focus towards achieving the best mortgage rates in Vancouver for their clients. They never and have no reason to recommend one lender over the other.

Myth 2: The Mortgage Pre-Approval Process is the same with All Brokers

The […]

By | 2017-11-16T12:47:15+00:00 October 13th, 2015|Vancouver Mortgage Broker|

Three Reasons for a Home Buyer to Hire a Mortgage Broker

Buying a new home can be exciting and stressful at the same time. The process demands careful choices to be made, loads of paperwork and negotiation all through the way. With a reliable mortgage broker Vancouver by your side, sailing through this process to reach your brand new home can be made as easy as possible.

Mortgage Brokers Act As One-Stop-Shop for the Entire Process

In most cases and especially for first time homeowners, the process can be overwhelming and leave them confused about how they need to proceed further. Mortgage brokers bring forward their knowledge in analysing the specific situation and deciding the type of loan, the down payment to be made and other services required for the successful completion […]

By | 2017-11-16T12:47:15+00:00 September 7th, 2015|Vancouver Mortgage Broker|

Factors to Consider For Picking the Right Mortgage Broker

Buying a property or renovating an existing one demands time, effort and most importantly money! While walking into every bank in the region to learn about the loan packages is an option, hiring a mortgage broker in Vancouver BC is a wiser choice.

Here is what you should consider to ensure you end up with the right mortgage broker for your need.

Get References and Reviews

Start by making a list of potential mortgage brokers based on references from friends and colleagues. Research them online and read customer reviews before you choose to move ahead. Check for their experience in the field as well as the required accreditation requirements.

Ensure the Service Fits Your Particular Need

If you are a realtor looking to customize […]

By | 2015-09-01T22:02:54+00:00 September 1st, 2015|Vancouver Mortgage Broker|

Two Free Vancouver Canucks Tickets with EVERY Mortgage!

Would you love to take your child or someone special to see a live Vancouver Canucks hockey game for FREE? Are you a Vancouver Canucks fan or is there a visiting team you cheer for? Are you thinking of purchasing a property anywhere in Canada this year?

Alternative Mortgage Financing is giving away two FREE Vancouver Canucks tickets with EVERY mortgage that clients register! This is NOT a contest where you hope to get your number picked. This is simply, “get a mortgage, go to a Vancouver Canucks game.”

The sooner you get the right mortgage at the best rates, the more games and seat locations you will have to pick from!  This free gift is easy to qualify for since it […]

By | 2017-11-16T12:47:16+00:00 January 16th, 2014|Alternative Mortgage Financing, Vancouver Mortgage Broker|

Help from a Mortgage Broker in Vancouver

Purchasing a new home can be a challenge. There are a lot of questions that people have especially if this is the first time that they are purchasing their new home. Many of the questions individuals have pertain to finances. They may not thoroughly understand how a mortgage works. They may have questions about the amount of taxes they’re going to be required to pay on the home that they purchase. All of these questions can be answered by sitting down and speaking to a well-qualified mortgage broker in Vancouver.

Individuals who already live in Vancouver or those who are looking to relocate to Vancouver are looking for a home that is going to provide them with safety and security. One […]

By | 2017-11-16T12:47:16+00:00 October 24th, 2013|Alternative Mortgage Financing, Vancouver Mortgage Broker|

Get The Right Mortgage With Trusted BC Mortgage Brokers

One of the most exciting things that can happen in a person’s life is being able to purchase their first home. Buying a first home is a huge step because it is something that is not only a good investment for a family, but it is also a great investment for the future. Unlike any other investment a home is something that you will live in and be in for a very long time and for that reason it is very important to choose the right home. Apart from choosing the right home, it is also imperative to get a mortgage.

A mortgage is a type of secured loan that uses the home for collateral. There are many different types of […]

By | 2017-11-16T12:47:16+00:00 October 24th, 2013|Alternative Mortgage Financing, Vancouver Mortgage Broker|

Reputable Mortgage Broker in Victoria BC

With the current real estate condition, many people are trying to take advantage of some of the great real estate deals available. If you are planning to purchase a property, you will really benefit a lot by using the services of a reputable mortgage broker in Victoria BC. Many years ago when you wanted to purchase a house or other property you would go to a bank in your area and apply for a mortgage loan. It would be the bank manager’s decision whether or not you would obtain the loan. Nowadays you have many options because of competition among lenders.

You may be asking why you would use the services of a mortgage broker when you can just deal with […]

By | 2017-11-16T12:47:16+00:00 October 23rd, 2013|Alternative Mortgage Financing, Vancouver Mortgage Broker|

Finding A Top BC Mortgage Lender

Mortgaging a home will directly be affected by an individual’s long and short term goals. It is crucial to consider a BC mortgage lender that not only offers a lower interest rate but also offers flexible and alternative lending options even to those who may have the most challenging circumstances.

Key questions that should be asked when analyzing a mortgage should be: Can the mortgage be transferred? Can it be taken over by the buyer (assumable) if the home is sold? Are their options to make a prepayment or skip payment? What is the frequency of the mortgage’s compounding interest?

Taking these considerations into account can save the homeowner money and help them avoid unexpected expenses that may come along the way […]

By | 2014-03-13T12:23:16+00:00 October 23rd, 2013|Alternative Mortgage Financing, Vancouver Mortgage Broker|

How to Choose a Vancouver Mortgage Broker

With so many mortgage brokers to choose from, it is easy to find the process of selecting the broker that is right for you intimidating or exhausting. These helpful tips will help you find the Vancouver mortgage broker that is the perfect fit for your situation.

Probe Around

One of the first steps to take when looking for a Vancouver mortgage broker is to probe around by asking family and friends about positive and negative experiences that they have had when trying to broker a deal. If family and friends are unfamiliar with Vancouver area brokers then turn to the Internet where you will likely be able to find some unbiased reviews from previous customers. Be careful about relying on reviews that […]

By | 2017-11-16T12:47:16+00:00 October 22nd, 2013|Alternative Mortgage Financing, Vancouver Mortgage Broker|

Buying Property with Alternative Mortgage Financing

One of the most important by-products of the recent financial crisis was the disappearance of the non-prime alternative mortgage financing products. In the past when there were no high credit score, borrowers purchasing or refinancing property could qualify for alternative mortgage loans that compensated for the added risk with increased rates of interest. Lenders that made these loans demanded 1-3% higher rates of interest than those that were available on the prime loans. Higher loans of interest were considered sufficient for compensating for the additional lending risk. In the present day market, the non-prime mortgages are available for around 5% to 7%.

However, such mortgages were eliminated by stringent financial regulations and the departure of the private secondary mortgage market. In […]

By | 2017-11-16T12:47:16+00:00 September 5th, 2013|Alternative Mortgage Financing, Vancouver Mortgage Broker|