At AHA Mortgages, we help you find the best Vancouver home mortgage rates and manage your real estate portfolio. We help compare Vancouver mortgage rates and help you build equity through efficient payment plans.
What are the current mortgage rates in BC?
The best Vancouver mortgage rates 5-year fixed now stand at 1.74%, and the 1, 2, and 3-year fixed rates stand at 2.19%. We guide clients seeking help with mortgage brokers and mortgage rates in Vancouver with our advisory services.
On the other hand, if you choose variable rates, the rates are 1.60% for a 5-year term, and 3.20% for a 3-year term. To know if you qualify for mortgage loans at these rates, contact a leading mortgage broker in British Columbia.
Top reasons to choose a home mortgage in BC
We act as a one-stop-shop and help you get the best mortgage rates in Vancouver, along with the best terms and conditions. With over 20 years of experience, we are an industry expert in helping our clients find mortgages at cheap rates and with the best terms and conditions in Vancouver.
We have excellent ties with some of the leading lenders in British Columbia, which allows us to receive volume discounts from them. With our help, you are going to have lower mortgage rates than what you might get by negotiating yourself. More importantly, we offer expert advice and help you build a sound financial portfolio.
How do I get a mortgage in BC?
Getting a mortgage in BC primarily involves four major criteria. Make sure to consider the following aspects before you seek a mortgage:
1) Proving a stable income - You need to prove to the mortgage lenders that you have a stable source of income to meet your mortgage payments. For this reason, your lender may require from you, a letter of employment, notice of assessment forms from the CRA, and recent pay stubs.
2) A good credit history - This becomes an important determining criterion when it comes to getting a mortgage at the best rate. Lenders consider a score of 600 and higher as good, and anything above 750 as excellent.
3) Adequate down payment - Make sure you have enough money for a down payment before you start house shopping. In case you are a first-time house buyer, you must have at least 5% of the total property price to pay as a down payment.
4) Choice of property - The property you buy becomes your lender's security, which means if you fail to meet payments consistently, they can place your property back on the market. So, the lender will inspect your property to make sure that it sells quickly, in case you are unable to pay your mortgage.
Upon fulfilling all these criteria, you will qualify for a mortgage. Contact AHA Mortgages at 604.617.4200 to get expert advice! We can help you with identity, analyze, and compare the best Vancouver home mortgage rates and help you build a solid portfolio. To build a brighter financial future, reach out to us today!