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.

Commercial Loans

Get Approved For A Commercial Loan

Business development requires various kinds of investments. Whether it is buying equipment to expand your inventory or planning to boost your production with the latest industry tools or getting a vehicle for your logistics business or adding fixed assets, getting approved for a commercial loan in Abbotsford can really help.

Satbir Bhullar understands that your business may require financing for your long-term business goals, and therefore, offer the best commercial loans at competitive interest rates, flexible repayment terms and low fixed or variable interest rates.

Working Capital

Commercial Mortgage

Lines Of Credit

Who Needs A Commercial Loan?

A business owner can borrow working capital in the form of a commercial loan from lenders to pay for marketing expenses, growth requirements, service expansion, and to meet daily operational costs and working capital requirements. Your loan approval rate depends on the funding needs, size, and industry.

With years of experience in the finance and mortgage industry, Satbir Bhullar is well aware of the ins and outs of getting a commercial loan in Abbotsford approved. I excel at both secured and unsecured commercial loan to meet your business financial needs. My flexible business line of credit and small business loan is designed to provide immediate working capital upon approval.

Ready To Get Started With A Mortgage Application?

Talk to our Abbotsford mortgage consultant for any enquiries or help with filing a mortgage application.

What Our Clients Are Saying

      
   Satbir Bhullar Mortgages - Abbotsford Mortgage Broker
   20 Google reviews 
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   Mandeep Kaur 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent Service! Satbir worked really hard in searching us the best deal and always kept us up to date. Thank you for approving us a mortgage.
  
 
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   Jasvir Rai 
 
 
 
 Trustindex verifies that the original source of the review is Google. Very good service and great customer support
  
 
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   Happy 
 
 
 
 Trustindex verifies that the original source of the review is Google. Professional assistance with better options you can get in the market. During whole process Mr. Satbir was there whenever I needed.
  
 
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   Manmohan sidhu 
 
 
 
 Trustindex verifies that the original source of the review is Google. Satbir was fantastic in getting me a construction loan. He gave excellent guidance on repayment term.
  
 
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   Hardeep Grewal 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have been dealing with Satbir for all my mortgage needs for the last few years..  he is very honest and always goes above and beyond to make sure I get the best rate/ terms.. He is very knowledgeable and always gives the best advice !!
  
 
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   singhharpreet 89 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service,Honest advise highly recommended
  
 
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   rimpa bhullar 
 
 
 
 Trustindex verifies that the original source of the review is Google. Very knowledgeable and helpful
  
 
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   Prabhnoor Brar Films 
 
 
 
 Trustindex verifies that the original source of the review is Google. Practical, fast and reliable service👌
  
 
  
  
 
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How A Commercial Loan Will Benefit Your Business?

My commercial loans are designed for small to medium-sized businesses and offers long-term solutions that can help your business when you need to:

Develop new products or services

Make large purchases for your business

Buy another business or franchisee

Need a business loan to start your small business or startup? Apply for The Canada Small Business Financing Program to get the right funding at a favourable rate.

Check Out How Much You Can Afford!

Use Our Free Mortgage Calculator To Estimate Your Monthly Mortgage Payments.

Calculate Now

Rely On Satbir Bhullar For Commercial Loan Approval

Being a trusted commercial loan advisor in Abbotsford, Satbir Bhullar has proudly assisted hundreds of businesses and startups in getting the funding they need to thrive. Some of the many features of our commercial loans include:

Secured and unsecured options
Competitive fixed and floating interest rates
Flexible repayment terms
Available for small and larger amounts
Fast approval
Direct access to manage your account
Funds available in CAD and USD

Apply a commercial loan with us and get approved in the shortest time possible. I find and negotiate the best deal for you.

Commercial Loans

Get Approved For A Commercial Loan

Who Needs A Commercial Loan?

Ready To Get Started With A Mortgage Application?

What Our Clients Are Saying

How A Commercial Loan Will Benefit Your Business?

Check Out How Much You Can Afford!

Rely On Satbir Bhullar For Commercial Loan Approval

Satbir Bhullar Mortgages

Mortgages

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