Rowan Smith Mortgage Broker - City Wide Mortgage Services
Equity Mortgage | Debt Consolidation | Self Employed Mortgage
Rowan has been in banking and brokering for 21 years. I co-own City Wide Mortgage Services with my 3 business partners.
In addition to straight forward home purchases, I specialize in more complex transactions such as construction, private lending, commercial, and debt restructuring while in foreclosure.
Serving clients across Vancouver, Yaletown, Burnaby, Richmond, Coquitlam, Surrey, South Surrey, White Rock, Langley City, Fort Langley, Langley Township, Aldergrove, Abbotsford, Chilliwack, Hope, and the surrounding areas.
Home Purchase / Refinance
The purchase of a home is the largest purchase most people make during their lifetime. I want to make every purchaser aware of the many mortgage options available to them prior to their purchase and closing date.
Now, more than ever, financial institutions are regularly launching new products and programs, making it easier to get into that new home sooner.
Traditional construction mortgages are done in draws on a “cost to complete” basis. The typical structure is a land draw, a draw at lockup (approx. 40% completion), a draw at drywall (approx. 60% completion) and when the house is done (100% complete).
However, this structure often doesn’t work for builders and developers who need cashflow throughout the build. I have years of experience doing construction lending, and can custom tailor your draws so that you get them more often to ease the cash flow concerns during a build. If you need 5 draws, 6 draws, or more, we can still arrange financing with this in mind.
Private lending is an ever growing segment of the lending world in BC. As banks continue to tighten regulations and make obtaining bank financing more and more difficult, more borrowers have to turn to private lending. In addition, as more clients sell their homes and downsize, they often wish to invest in private loans.
Private lending is ideal when a person’s income or credit may not fit the “bank box” or fit within the new regime of mortgage rules. The loans are all custom tailored to the specific property, credit rating, location, and type of property being offered as security.
Rowan has been in banking and brokering for 21 years, and an independent broker for 11 years. Rowan co-owns City Wide Mortgage Services with my 3 business partners.
In addition to straight forward home purchases, Rowan specializes in more complex transactions such as construction, private lending, commercial, and debt restructuring while in foreclosure.
Rowan was amazing and made everything so easy for us. He is very knowledgeable and great at what he does. I would recommend him to everyone. Aside from his tremendous experience, he is a wonderful person and really listens to you and what you want to accomplish and does his best to deliver the best product.