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P.O. Box 2427
Abbotsford V2T 4X3
British Columbia
Canada
Tel 604-897-0930
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Mortgage FAQs

Click on any FAQ below to see answer:

1 - Why are mortgage rates so low and will they be going up any time soon?

2 - I have a mortgage coming up renewal. What are you going to charge me for transferring to your 5 year closed mortgage?

3 - How long does it take to get a mortgage?

4 - What do I need to get a mortgage

5 - I have been approved on a $100,000 mortgage on a $250,000 property. What is the best 5 year rate you offer?

6 - I have a bad credit rating However, I have an excellent job. Is it possible to get an approval with a larger down payment, like 10%?

7 - We are looking to purchase a home. We both have bad credit ratings.... My fiancee's father may co-sign if necessary.

8 - Hi, If I don't have the credit for a mortgage and I need a co-signer, is it alright if the co-signer is living in the US and a US citizen? Thanks, Jon

9 - Do you offer builder's mortgage (draw mortgage)?

10 - I am wanting to purchase 1 1/4 section of land, I  have the 25% down payment,does cmhc need to be involved, Also the bank tells me they want 50% secured,is this correct.

11 - What are the risks of co-signing for a mortage?

12 - I am recently self employed, renting and I hate it. Is it possible to get a mortgage having been self employed only 2 yrs? Thanks.

13 - Does your company offers debt consolidation mortgage loans?

14 - I have very bad credit, but I have income of about $5000 a month, I have no one to co-sign. How would I go about getting a loan to buy a house?

15 - I was ill and missed a lot of work, and now I'm behind on my mortgage. I have a good government job with about 4,000 a month income. Is it possible to get a fresh start or is my life over?

16 - Hi, I want to buy my first home but Iam self-employed, so it's sometimes hard and inconvienient to prove my income. I heard from a friend that you could put 25%-35% down payment and you get approved without income or employment verification, is that true?

17 - I am presently looking at purchasing a home. I have claimed bankruptcy and it was discharged August 2005, I have recen tly received my credit report and have sent in an update to clarify a couple of items. Present combined income is $92000. Please advise what are the possibilitiies of getting a loan

18 - Hi. I was working with a bank in BC and I put 25% down for my down payment on a 200,000 home. Now when I get the papers to sign it says I owe $1000.00 in CMHC costs. Can you tell me why? I thought if you have 20% down (and my partner and I are both working) you don't have to get CMHC involved.

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