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Calculate Your Mortgage  Vancouver's Best Mortgage Rates
Why do we get the best rates in Vancouver?
Banks, trust companies, credit unions & mortgage companies a long time ago figured out that having a mortgage broker do a thorough consultation with mortgage applicants and gather all the documents saves them money.Those savings get passed on to you as every day we receive the best rates from over 40 lenders in the Vancouver ( Lower mainland/Fraser Valley) and all across British Columbia.
Did you know?
Up until about 1986 financial institutions never gave a discount on mortgage rates. Post 1986 a few small mortgage lenders adopted some methods of securing mortgage funds to lend that dramatically brought down the costs of mortgage rates. The only way these small mortgage companies could lend their money was through brokers as the big institutions wanted nothing to do with giving a discount. Even today the major banks have a posted mortgage rate and then if they really like you they may give a discount. We get their best rates everyday with no haggling.
How much is the typical saving?
The savings usually range from 1.5% to 2%, so on an average mortgage in the Vancouver area of $325,000 that adds up to almost $6,500.00 a year in mortgage interest cost savings.
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