Now serving Surrey!
- Unbeatable Rates
- Zero Fees
- Incredible Service
Mortgage Broker in Surrey BC
Boasting a population of over 500,000 residents, Surrey BC is the second largest city in British Columbia. Highlights of this multicultural city include yearly festivals, large commercial shopping centers, beaches, and over 200 parks! With all that Surrey has to offer, it still remains one of the most affordable cities in the Greater Vancouver Area to purchase a home.
In addition to increasing housing prices, the new mortgage rules launched in January 2018 have made it increasingly difficult for residents in Surrey 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.
5 Reasons to Work with a Surrey Mortgage Broker
The top 5 reasons to work with a Mortgage Broker in Surrey are:
- 1. There are no fees
- 2. You can secure the best rates
- 3. Opportunity to review products from multiple lenders
- 4. Documentation and paperwork are handled for you
- 5. They guide you through every step of the lending process
One of the best things about working with a Mortgage Broker in Surrey 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 Surrey!
Mortgage Brokers in Surrey are Free
Even though Mortgage Brokers are becoming the go-to for secure lending, there is still widespread misconceptions about their fees. For a borrower, working with a Mortgage Broker is completely free! They get paid by the lender, but only once your financing is secured.
Get the Best Rates
In addition to their many products, bank chains do offer residential mortgages. The downside of accepting a mortgage from your bank, is that you may not be getting an ideal rate. A Mortgage Broker reviews mortgages from multiple lenders AND banks, so you can get the best rate available.
Access to Many Banks and Lenders
Mortgage Brokers work with a wide network of mortgage lenders and bank chains. Some lenders (called Monoline lenders) specialize in mortgages, and are able to offer extremely competitive rates by not having brick and mortar storefronts, and only working with Mortgage Brokers who bring them qualified applicants.
Your Mortgage Broker in Surrey Handles all the Paperwork
Going from application to funding requires a lot of paperwork. Fortunately, a Mortgage Broker in Surrey can take a lot off this work off your hands, and submit documentation to the lenders on your behalf.
They Guide You Through the Entire Process
Buying a home is one of the most stressful times in a person’s life, but getting your mortgage doesn’t have to be. A knowledgeable Surrey Mortgage Broker will walk you through the entire process, giving you peace of mind that each step in the mortgage process is being completed correctly.
Mortgage Broker Surrey Reviews
Our professional team of Mortgage Brokers only serves Vancouver and its surrounding areas like Surrey BC. That means our Brokers are extremely familiar with Surrey’s real estate and lending trends. You won’t find a better Mortgage Broker in Surrey than us, just read the reviews!
Surrey Mortgage Broker Video Transcript
Surrey is a booming metropolitan area, with strong, consistent growth across detached homes, apartments, and town houses. We’ve seen a large number of younger populations moving into Surrey as the area has cleaned up considerably over the last 20 years, and now boasts some of the finest communities, amenities and affordable housing around.
We’ve also seen a growing trend of Surrey residents (and soon to be residents) using mortgage brokers to secure lending. The primary driver behind this is that securing a mortgage is no longer as easy as simply walking into your day to day banking institution and completing some paperwork, in fact, mortgage lending interest rates are varying considerably lately, which means just a few small percentage points can amount to tens of thousands of dollars of savings in interest payments over the lifetime of your mortgage.
Another driver of the mortgage broker revolution is increasingly difficult approval parameters, which have been implemented by the federal government to combat growing housing prices. These rules and regulations are mandatory for all lenders to follow, and impose a series of stress tests on borrowers. These added hoops have driven mortgage approval declines up across the board – even for borrowers with strong credit and employment histories.
The main benefits of a Surrey mortgage broker is experience. A mortgage broker coordinates all the paperwork on your behalf, and can almost always get you approved at a lower rate. A mortgage broker does this by collecting some of your basic information and approaching their top quality lenders and financial institutions on your behalf. Mortgage brokers have purchasing power, and aggressively negotiate with lenders to grind down your rate, in addition to stick handling all your information through the required approval hoops.
Another reason mortgage brokers are booming is because the service is free for qualified applicants. The lenders pay all the fees to the brokerage. It makes you think – it’s no wonder the mortgage broker trend in Surrey is booming.
Vancouver Mortgage is one of the fastest growing mortgage brokers in Surrey, and with local, experienced agents, we know the ins and outs of the Surry real estate and mortgage brokerage business. Approval at a great rate has never been easier, just read the reviews for yourself!
Surrey Mortgage Broker Residential Services
There’s no such thing as a one size fits all mortgage, and that’s where Mortgage Brokers come in! Our Experts meet with you to understand your unique situation, and connect you with the best possible lender that fits your needs. Our Surrey Mortgage Brokers can confidently assist with the following residential services: residential mortgages, first time home buyers, self-employed mortgages, investment properties, new to Canada borrowers, refinancing, and reverse mortgage for 55+ retirees.
Surrey Residential Mortgages
If you’re thinking of buying a home in Surrey, the first step is to speak with a Mortgage Broker. A Mortgage Broker will review all available mortgages in their wide network of lenders, and secure you the best possible rate – something that isn’t possible by just walking into a bank.
First Time Surrey Home Buyers
Did you know first time home buyers can get special tax breaks and deductions? Surrey Mortgage Brokers can assist you with the RRSP Home Buyer’s Plan, Land Transfer Tax Rebates, and the First Time Home Buyer’s Tax Credit, all of which save you money!
Self Employed Buyers in Surrey
Buying a home is almost always more difficult for self-employed buyers. Even if you’re making a great income, without a T4 slip there are more hoops to jump through to prove that income and its sustainability. A Mortgage Broker understands how lenders work, and can help you get approved much faster and at a better rate than you could secure on your own.
Securing an Investment Property
Investment properties are a great way to increase your monthly income, but securing a mortgage for this type of property isn’t always simple. Depending on the lender, the mortgage may not even be approved unless you plan on living in one of the units, which may not work for you. A Mortgage Broker will assess your situation and needs, and match you up with a lender who can work with them.
Surrey Mortgage Brokers Help Newcomers to Canada
Buying a home is stressful, even more so if you are coming from a different country. An experienced Mortgage Broker can connect you with a lender who has special programs for newcomers to Canada, making your transition as smooth as possible.
Renewing your Surrey Mortgage with a Broker
Is your mortgage term expiring soon? Don’t renew it! At least not without speaking with your Mortgage Broker first. A Mortgage Broker can help you review what your options are as you may now be qualified to get a better rate with a different lender, saving thousands of dollars per year.
Want to Refinance? Why You Should Work with a Mortgage Broker
Refinancing is a fantastic way to consolidate debt, access equity in your home, or take advantage of lower mortgage rates. A Surrey Mortgage Broker will help you refinance with the best lender possible, and can advise on how to avoid hefty fees and prepayment penalties.
Surrey Reverse Mortgages
A CHIP Reverse Mortgage is a fantastic tool for retirees to access the equity in their home, in order to have extra disposable income each month. A Mortgage Broker can help any homeowner over the age of 55 apply for this program.
Mortgage Brokers in Surrey Offer Commercial Services
Did you know that lenders often perceive commercial financing as higher risk than residential financing? This is because the borrower is usually a company, instead of an individual. Our Mortgage Brokers can connect you with lenders for commercial property mortgages, construction mortgages, and equipment leasing.
Surrey Commercial Mortgage
To get a Commercial Mortgage application approved, borrowers must meet very high standards and specific criteria. The best way to ensure you meet the exact requirements for this type of complex loan is to work with a Mortgage Broker.
Construction Mortgages in Surrey
New homes in Surrey are built using funding from construction mortgages. Different than a typical mortgage, a construction mortgage is given in portions called “draws”. The next portion is only given once an inspector confirms that the build is going according to plan. Construction mortgages come with strict policy guidelines, so it is always beneficial to work with a Mortgage Broker to finance a new home build.
How to Lease Equipment in Surrey
Growing a business requires having up to date equipment, but at the rate technology changes, purchasing new equipment is a massive financial drain. Instead of purchasing brand new pieces, business owners have the option to lease up to date equipment, with flexible payment plans. This allows you to scale your business, without taking a huge financial toll on your bank account.