Langley Mortgage Broker

Overview

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. Today, interest-only loans, self-employment programs, rental purchase programs, vacation property programs, and a host of other innovative financing alternatives are dotting the home purchase landscape, making home ownership a reality for more people than ever.   

Whether you are first-time buyer, builder, landlord, or new immigrant, I have access to the very best products and rates available across Canada. Whether you are first-time buyer or an experienced buyer with excellent credit, City Wide Mortgage Services has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!  


Getting A Mortgage Pre-Approval

If you are looking for a new home, be sure you are pre-approved. With a mortgage pre-approval from me, I will do a more complete verification of income and debts prior to sending you out shopping. This way, you know exactly what you can spend, and can be confident when writing your offer.   

I will get you pre-approved for a rate hold of 90 to 120 days (depending on lender and borrower criteria) so that you can be assured of your rate and payment before you go shopping.     

In order to get pre-approved for a mortgage, I will need several pieces of information that will allow them to determine your buying power. I will explain to you the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products I believe will most likely meet your needs the best, plus review all the other costs involved with purchasing a home.  

Getting pre-approved for a mortgage is something every potential home buyer should do before going shopping for a new home. A pre-approval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t pre-approved.  

In order to get pre-approved for a mortgage, a mortgage professional requires a short list of information that will allow them to determine your buying power. A mortgage professional will explain to you the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products they believe will most likely meet your needs the best, plus they will review all of the other costs involved with purchasing a home.  

Getting pre-approved for a mortgage is something every potential home buyer should do before going shopping for a new home. A pre-approval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t pre-approved.  


Renewal Or Refinance  

While most Canadians spend a lot of time, and expend a lot of effort, in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals. By omitting proper consideration at the time of renewal, this practice costs Canadian citizens thousands of extra dollars every year. Nearly 60% of borrowers simply sign and send back their renewal that is first offered to them by their lender without ever shopping around for a more favourable interest rate.  

Homeowners should never accept the first rate offer from their existing lender. Without any negotiation, simply signing up for the market rate on a renewal is unnecessarily costing the homeowner a lot of money on their mortgage.  

Generally, it is a good idea to start shopping for a new term between four and six months before your current mortgage term expires. Many lenders send out your renewal letter very close to the time that your term expires and this does not give you ample time to arrange for a mortgage term through a different lender. This means that you need to be tracking your own mortgage term timeframe and know when it is time to start shopping for a good mortgage renewal rate.  

Before you ever hear from your lender about renewing your mortgage term, I can shop around for you and let you know what rates and products are out there. It is an ever-changing landscape so it’s important to have a professional work for you.  

Your mortgage is one of your biggest expenses. For this reason, it is imperative to find the best interest rates and mortgage terms you possibly can. By shopping around at renewal time, you can save substantial amounts of money over the life of your mortgage loan. Don’t be one of the 60% who just simply sign their renewal letter and send it back.

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.