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Mortgage Broker in Port Moody
Port Moody, located right at the head of the Burrard Inlet, is starting to attract many young professionals. With the Evergreen Sky train Line and the West Coast Express, commuting to the city is extremely easy. Port Moody is quickly becoming so much of an urbanized hub that residents no longer need to leave the city for entertainment. With ocean views, hiking trails, delicious restaurants and plenty of walkable amenities including a row of breweries – it’s no wonder Port Moody is becoming so trendy.
In addition to high housing prices, the new mortgage rules launched in January 2018 have made it increasingly difficult for residents in Port Moody to secure a Mortgage. Working with a Mortgage Broker is the absolute best way to maximize your chances of getting approved, and secure the most affordable mortgage for your budget.
Port Moody Mortgage Broker Benefits
The benefits of working with a Mortgage Broker in Port Moody include:
- 1. It’s Free
- 2. Get the Best Rates
- 3. Access to many lenders
- 4. All the Paperwork is Handled on Your Behalf
- 5. You’ll be Guided Through the Entire Process
One of the best things about working with a Mortgage Broker in Port Moody is that they save you money! A Mortgage Broker works for you (not the lender), and their goal is to connect you with a lender who has the most suitable mortgage for your needs and will save you the most money.
Vancouver Mortgage is now serving Port Moody!
Mortgage Broker Services are Free in Port Moody
A common misconception about Mortgage Brokers in Port Moody is that you are required to pay for their services. This is completely untrue! Although a Mortgage Broker works for you, their fee is paid by the lender, and only once your mortgage is approved and financed.
Get the Best Rates
Mortgage Brokers get access to many different rates because they work with so many lenders. This gives you the best chance of securing the lowest rate, compared to stopping by your local bank branch, which can only offer its own mortgages and rates.
Access to Many Lenders
One of the best things about Port Moody Mortgage Brokers is that they have a massive network of banks and lenders at their fingertips. By working with them, you gain access to lenders who cannot be reached at the consumer level.
A Mortgage Broker will Guide You Through Each Step
When you’re making a huge financial purchase, like a new home, it’s important to know exactly what you’re signing up for. A Mortgage Broker will walk you through the entire mortgage process so you are 100% clear.
They Take Care of the Paperwork
The amount of paperwork and documentation that gets sent back and forth during the mortgage process is overwhelming and time consuming. A Mortgage Broker takes this hassle completely off your hands. They know exactly what information to collect from you, who it needs to go to, and can submit it all on your behalf.
Mortgage Broker Port Moody: Residential Services
Moving is stressful, but getting a mortgage for your new home doesn’t have to be! An experienced Mortgage Broker makes the entire process as smooth as possible. Our Port Moody Mortgage Brokers can help with residential mortgages, first time home buyers, investment properties, self-employed buyers, refinancing, reverse mortgages, renewals, and newcomers to Canada.
Save Money Buying a Home with a Mortgage Broker
By tapping into their large network of lenders and banks, a Port Moody Mortgage Broker can help you get the best rate possible. If you’re in the market for a new home, one of the first steps to take is speaking with a Mortgage Broker about your options.
First Time Port Moody Buyers
Did you know you could save thousands of dollars if you’re a first time home buyer? Our Mortgage Experts are well versed in the RRSP Home Buyer’s Plan, Land Transfer Tax Rebates in BC and the First Time Home Buyer’s Tax Credit – ensuring that none of your hard earned money gets left on the table!
Secure Rental Property in Port Moody
An excellent source of extra income, receiving financing for an investment property is often quite challenging. This type of mortgage often comes with catches and requirements (some lenders will only approve the funding if you will be living in one of the rental suites). A Mortgage Broker can help connect you with the perfect lender who will work with your specific situation.
Compared to salaried employees, self-employed borrowers have always had challenges securing mortgages. This is due to their income and its sustainability being harder for the lender to verify. Mortgage Brokers have access to many lenders, some of which routinely work with self-employed buyers, greatly increasing your chance of approval.
Refinancing in Port Moody
The key reasons to refinance a mortgage are to consolidate debt, access equity or take advantage of lower interest rates. If you’re interested in pursuing any of these, a Mortgage Broker can help guide you through the process and advise on how to avoid possible fees and pre-payment penalties.
CHIP Mortgages in Port Moody
More and more homeowners over the age of 55 are taking advantage of the CHIP Reverse Mortgage. The best part of this program is that the funds are tax free, and you are able to spend the money on anything you like!
If your mortgage term is almost ending or if you’ve already received a mortgage renewal notice, don’t sign it! This is the perfect time for you to review your current mortgage and have a Mortgage Broker research possible better options. Since the time of signing your existing mortgage, you may now be eligible for a better rate with a different lender.
Mortgage Brokers in Port Moody Assist Newcomers to Canada
Buying a home is extremely stressful, even more so if you are coming from a different country. If you’re a newcomer to Canada a Mortgage Broker can make the process of getting a mortgage much easier by connecting you with a lender who has special new to Canada mortgage programs.
Mortgage Broker Port Moody: Commercial Services
Commercial financing can be complex and difficult to get approved because lenders often view companies as riskier to lend to than individuals. Our experienced Mortgage Brokers can confidently assist with commercial mortgages, construction mortgages, and leasing equipment.
Getting Approved for a Port Moody Commercial Mortgage
To get a commercial mortgage approved, the borrower must prove that they are up to the lender’s extremely high standards. Our Mortgage Brokers know exactly what lenders are looking for, and can help you get approved much quicker than would be possible on your own.
Home Building in Port Moody
While mortgages are typically associated with already existing homes, mortgages can also be taken out to build a new home. Instead of receiving a lump sum of money, a construction mortgage is given in separate draws. Each construction draw is only given once an inspector has confirmed the build is meeting policy guidelines.
Port Moody Equipment Leasing
Purchasing new equipment is very expensive and can cause financial hardship for small business owners. Instead of having to choose between up to date equipment to help their business grow or savings in the bank – business owners have the option of leasing their equipment. Leasing allows business owners to have up to date equipment for growing their company, without facing a large financial strain.
Port Moody Mortgage Broker Reviews
Our professional team of Mortgage Brokers only serves Vancouver and its surrounding areas like Port Moody. That means our Brokers are extremely familiar with the city’s real estate and lending trends. You won’t find a better Mortgage Broker in Port Moody than us – just read our reviews!