Kelowna Mortgage Brokers

Most Common Types of Mortgage Agreements You Should Know Prior To Purchasing A Home

Before entering into a long-term binding contract, every home buyer should know the different options available to them. Below is a list covering the basic differences between different types of mortgages.

  • First time Home Buyers Plan
    One of the most important financial decisions you will ever make is purchasing a home and securing your mortgage. This is a huge commitment. It is helpful when the process can be simplified. There are a variety of mortgage professionals who can ... More
  • Mortgages for Self-Employed People
    Genworth and CMHC recognize the unique financing challenges faced by self-employed Canadians. In order to help clients realize their dreams of homeownership, Genworth and CMHC offer mortgage loan insurance options for self-employed borrowers, ... More
  • Refinance and Debt Consolidation
    It is possible to refinance up to 80% of the value of your home without relying on CMHC! Thanks to the major appreciation in housing prices during the past 7 years, a variety of consumers have been able to take advantage of certain ... More
  • Renewals and Transfers
    To transfer your mortgage from one banking institution to another, there is no cost, no penalties, no appraisal fees and no legal work, as long as you are at the end of your mortgage term. Even with all of these benefits, mortgage renewals are ... More
  • Equity Based Mortgages
    Equity based mortgages are a great option for those who have a damaged credit history or are unable to prove income. If you can provide a large down payment or if you have equity in your current home, there is still an opportunity for you to own ... More
  • Cash Back Mortgages
    For the most part, cash-back mortgages have not been that popular since the 2008 financial crisis. Before we can completely write them off, let us discuss if they why some people choose this option. Is A Cash-Back Mortgage Worth It? ... More
  • Home Equity Line of Credit
    A Home Equity Line of Credit or HELOC is the process of using the equity in your home to get a secured line of credit. With a Home Equity Line of Credit, equity can be released to be utilized for any purpose. It may even be used to establish a ... More
  • Investment Property Mortgages
    Highlights a) Extended Amortizations of up to 35 years, with Variable, Fixed and Adjustable Rate Mortgages Permitted b) Very good rates, very close to the best if not the best c) Up to 80% LTV for a 1-4 unit Rental Property ... More
  • Construction Mortgages
    Mortgage Options There are a variety of new kinds of construction financing available. Building a home can be a complicated endeavor; therefore, your mortgage should be simple. Basically, there are 3 categories of construction ... More
  • Newcomers to Canada
    There is special financing offered by Genworth and CMHC available to borrowers with non-permanent and permanent residence status. Newcomers to Canada play an increasing role in our country's future population growth. Since they create a variety ... More
  • No Income Verification
    A few years ago, these kinds of loans were extremely popular. They provide the opportunity for a borrower to purchase a mortgage without income verification, as long as they have a good credit score. It is important to mention that these loans ... More
  • Pre Qualify in Minutes
    House hunting can be an exciting time. It helps to know what you can afford prior to stepping foot on a property. It is FREE to find out if you qualify for a mortgage and there is no obligation. Find out and hold your approved rate for up to 120 ... More
  • Purchase Plus Improvements
    It is common for people to purchase a home that is in need of some renovations. Many individuals want to customize their living space. There are programs in place to help home buyers pay for these renovations with one manageable mortgage. This ... More
  • Raw Land Purchase
    According to the banks, undeveloped land is considered to be the riskiest kind of real estate investment to purchase. Typically, financial advisors counsel against land purchases for the majority of all private investors. They believe that it is ... More
  • Vacation or Second Homes
    It is completely normal that your needs will grow and expand along with your family. A great mortgage broker can take weeks off of this process for the lowest possible rate available and the best terms. Many individuals desire a second home in ... More
  • Scholarship Winner - Peter Dyloco
    Scholarship Name: Compass Mortgage Group Scholarship Application Deadline: December 30th, 2014 Scholarship Winner: Peter Dyloco The winner of the December 2014 Compass Mortgage Group Scholarship is Peter Dyloco from ... More

Kelowna Mortgage Brokers

Kelowna Mortgage Brokers
1290 St Paul St #316
Kelowna, British Columbia

Phone: 250.469.9176