I need mortgage advice

In practice

How I help with your mortgage

This page is for you if you're buying a home, renewing, or just want to understand your mortgage options before you start looking.

• Happy to explain how pre-approval works, so you know your budget before you fall for a place.
• We can walk you through fixed and variable mortgages in plain words, and the trade-off between payment certainty and flexibility.
• I’ll connect you with the team at Vancouver Mortgage Solutions (VMS), who can compare lenders for you and give you actual numbers.

What to watch for

• A pre-approval isn't a final approval. The lender still has to approve the property and confirm your details.
• The stress test means lenders check you could afford payments at a higher rate than the one you get, so you may qualify for less than you expect.
• Penalties for breaking a mortgage early, which can differ a lot between lenders.
• Changes to your job or new debt between pre-approval and closing.

The steps, in order

1. Gather income documents, identification (ID) and details of your savings and debts.
2. Get pre-approved before you make offers.
3. Keep your finances steady until the purchase completes.

Good questions to ask

• How much can I qualify for after the stress test?
• What would it cost to break this mortgage early?
• Can I make extra payments without a penalty?
• Is my rate held, and for how long?

Lease and property law has BC-specific wrinkles, so for anything legal, check with a BC real estate lawyer before you rely on it. This page is general information, not legal, tax or financial advice. Cam Appleton is a licensed real estate representative with Coldwell Banker Prestige Realty.

Book a 15-minute call Call or text 604 256 2002 Email me