How many residential mortgages can I have?

The number of mortgages you can have is unlimited. Rather, people are constrained by their capacity to manage several mortgages or their financial status. First and second mortgages are two mortgages that are typically held concurrently on a same property.

What is a second mortgage Canada?

Second mortgage is a second loan or funding you take on your residential property. Interest rates on second mortgages are usually higher than first mortgages and you need to pay both your mortgages at the same time.

What is a conventional mortgage Canada?

A conventional mortgage in Canada is a loan where the down payment is at least 20% of the property's purchase price. This means that the loan amount is 80% or less of the property's value.

How long can you mortgage a home in Canada?

In Canada, you can mortgage a home for 25 years. If you are a first-time buyer or purchasing a new build you can mortgage it for 30 years. These rules took effect on December 15, 2024.

Can I buy a home with less than a 20% down payment?

The minimum amount you need for your down payment depends on the purchase price of the home. If your down payment is less than 20% of the price of your home, you'll typically need to buy mortgage loan insurance. If you're self-employed or have a poor credit history, your lender may require a larger down payment.

Should I choose a fixed rate or variable rate mortgage?

Interest rates either rise or fall. But a study suggests that homeowners with a variable mortgage fair better than a fixed rate one.

Satbir Bhullar

Mortgage Specialist

Satbir Singh Bhullar, the name that is making waves in the sector of housing finance, started his life’s journey in Moga District in the Punjab province of India. From his childhood, he started idolizing his grandfather who being honest and an enterprising farmer made Satbir imbibe the qualities of candour, comrade, and hard work.

He is dedicated to creating a meaningful and long-term relationship with clients that are based on knowledge, understanding, and commitment to progress. Whether a client intends to purchase a new home, thinking of starting a business, or refinance an existing mortgage, he always brings the appropriate solution to cater to the client’s necessities.

7+ years in business, the best in the area.

Easy to deal with, intuitive & very trusted.

Fully qualified & very personable.

Low fees, no hidden charges, and no tricky incentives.

No matter, you are applying a home purchase mortgage or refinancing an existing mortgage, I understand your financing needs and promise to find you the best rate.

With a network of lenders, I work innovatively to find you the best deal from over 100 options and even negotiate to help close the most competitive deal available.

From providing mortgage consultation to application process and mortgage approval to closing, I stand by your side to get you the funding you need to buy a property.

Latest Blog!

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Mortgage Stress Test in 2026: How It Impacts Your Buying Power in BC

If you’re planning to buy, refinance, or switch lenders in British Columbia in 2026, one rule continues to shape everything—often quietly and confusingly: The Canadian Mortgage Stress Test. Many buyers still misunderstand how it works. They see an interest rate…

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What our clients say

Excellent experience with Satbir from application to completion, couldn't believe how quick the process was, i received an offer on the same day as application. Thank you!
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Amazing service from Satbir couldn’t have been better! Always replied as soon as possible to my emails!
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Thank you for your help throughout this process, we are very happy with the service provided and would not hesitate to recommend you.
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Professional and efficient service from Satbir. I previously made face to face appointments to discuss mortgage details but given the time constraints was recommended to sort via telephone consultations. No regrets and easier all round. Thanks Satbir.
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Couldn’t asked for an easier mortgage process! So informal and they definitely find you the best deal, would 100% use Satbir again. So much better than going to numerous bank appointments! Thank you again
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