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  What Information will we need to qualify you?

• The Application Process
  We first need an Mortgage Application from you. This will indicate who you are where you live what you do and how long you have done it, along with the list of assets and liabilities. Then we gather information on your home what mortgages you have or are looking for and what Mortgage Financing or Refinancing you are requesting. Then with your permission we obtain a required Credit Report that we provide to the appropriate lender.
  
  Bank Mortgage Qualification
  For Bank Mortgage qualification we gather information on income usually a job letter and paystub. If you work overtime or have any other additional income we will require two years NOA’s (Notice of Assessments). As well we require information on down payment & closing costs or equity in home. This is done usually by 3 months of bank statements or current mortgage balance shown on bank statements. For a custom mortgage application allow us to process your Mortgage Application and determine with you the right mortgage steps to take.
  
  Private Mortgage Qualification
  For Private Mortgage first Second or Third the application process is easier. These mortgages are equity base so lenders do not always ask for proof of income because the home is their primary source of security. That being said, the stronger your application the better chance that your Mortgage Broker can negotiate the lowest interest rate and the best overall cost for you’re financing.  The lenders will consider your income if provided and take a look at credit reports and appraisals to determine overall risk. Lenders generally go up to 75% of your homes appraisal but for stronger application 85% maybe achievable.  For fast and effective solutions to income and debt consolidation contact your Mortgage Broker and allow us to present your application to the best of its ability. Call NOW 778-839-3963!

• Things to consider before Shopping for your MORTGAGE!

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  1) The LOWEST RATE is not always the BEST MORTGAGE. 
  Products and features are as much about shopping for a mortgage as they are shopping for the right computer. What are the best uses for you, what options do you need now and in the future and how compatible is my current mortgage to additional mortgage products in the future? The difference between .25% in aMortgage Rate can be very insignificant if you find that your new mortgage will not be transferable to another bank, not portable to another property, or comes with huge penalties when you want to pay it off early.

  2)Each time you apply to a bank or to a Mortgage Broker they all will be required to pull a credit bureau on you. 
  Why is this bad?  Credit inquiry on your credit bureau, begin to deteriorate your Credit Rating. Good credit ratings are essential to getting a mortgage and even more important to getting a good rate.  Work with just one broker who pulls only one single credit report on you and submits it to dozens of different Mortgage Lenders on your behalf.  This protects you from bruising your own credit rating. Trust the professionals.
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  3) Shop the banks on your own and you run the chance of effecting your options for getting a mortgage.  
  Once you have applied with your bank, or elsewhere, your broker can not go to negotiate a mortgage on your behalf with these banks. There might have been a better deal had you just let your broker do their job without getting involved in the process.
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  4) DON’T THINK that a PREAPPROVAL means you have been APPROVED for your mortgage financing.  
  A preapproved mortgage simply shows you what you can afford and the bank holds a rate for a period of time while you shop for your new home.  You must still get “approve” for the property, and much needs to be done before you can buy the property and know that your financing is securely in place. 
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  5)   Fixed and Variable. 
   Mortgages can be separated into these two basic categories:  Don’t mistake variable mortgage rate with that of a fixed rate mortgage rate. Most of us wants the comfort of knowing what their Mortgage Interest Rate will be and therefore their monthly payments, while others want their mortgage rate to fluctuate below the prime rate and therefore, the payments will go up and down.
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  6)   Using a mortgage broker is the best way to find and arranging the best mortgage to suit your specific needs. 
• Trust your Mortgage Broker who knows how to package your application, what strengths and weakness to your application presents, and how to protect your interests when dealing with the banks.  You might get the same Mortgage Rate that a Mortgage Broker could get for you, but what you won’t get is all the facts about the mortgage that you have shopped for or learn about the Refinancing Pros & Cons .  A Mortgage Broker navigates you around the banks with mortgages that appear to be the best deal out there, but fall short of your expectations. 

Mortgage Solutions

No matter where you live in British Columbia or Alberta, Your Vancouver BC Mortgage Broker provides you information on Mortgage Solutions to help you make the right decision for now and for your future.   Are you looking to Buy your First Home in Vancouver BC or Refinance your current mortgage in Kelowna BC or Consolidate Debt  in Victoria BC we have the tools to get the job done for you no matter where you live.

Your Mortgage Broker has the experience to handle the most difficult residential refinancing too. If you need Private Mortgage Help in Surrey BC or a 2nd Mortgage in Burnaby BC or if you are facing a possible foreclosure in Richmond BC, Mortgage Rates BC has information and your Vancouver BC Mortgage Broker can show you your options and what lenders can provide tailor made solutions to Help.

I am just a click away on our Contact Application or by phone at 778-839-3963. Call Jeff Di Lorenzo or Click today and let us handle your Mortgage request for you and have the peace of mind knowing you have a Mortgage Broker on your side.

Mortgage Broker service areas for the Greater Vancouver Regional District includes the cities and towns of:Vancouver, Richmond, Burnaby, New Westminster, Delta, Surrey, White Rock, Langley, Abbotsford, Chilliwack, West Vancouver, North Vancouver, Port Moody, Coquitlam, Port Coquitlam, Pitt Meadows, Maple Ridge, and Mission British Columbia.

Mortgage Broker service areas for the Okanagan Regional District includes the cities and towns of: Armstrong, Ashcroft, Cache Creek, Chase, Clinton, Enderby, Falkland, Golden, Kamloops, Kelowna, West Kelowna, Keremeos, Lake Country, Lumby, Merritt, OK Falls, Oliver, Ossoyoos, Peachland, Penticton, Princeton, Revelstoke, Salmon Arm, Vernon, and British Columbia.

Mortgage Broker service areas for the Vancouver Island Regional District includes the cities and towns of: Victoria, Saanich, Esquimalt, Oak Bay, Colwood, Langford, Sooke, Campbell River, Chemainus, Comox, Courtenay, Cumberland, Duncan, Ladysmith, Lake Cowichan, Nanaimo, Parksville, Port Alberni, Qualicum, Sidney, Tofino, British Columbia.

A Mortgage Broker can help all Canadians from all walks of life including Scottish, Irish, German, French, Chinese, Filipino, Korean, Dutch, Ukrainian, Italian, Norwegian, Polish, Swedish, Welsh, Russian, Middle Eastern, Portuguese, Brazilian, American, Filipino, Danish, Finnish, Hungarian, Austrian, Japanese, Spanish, Jewish and many others.