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.

Home Equity Loans

Leverage Your Home Equity

Whether you want to refinance your existing mortgage or make use of your home equity for any purpose that you desire, the decision to refinance requires proper planning and consideration of several factors.

A Home Equity Loan, also known as a second mortgage allows eligible homeowners to borrow more on their home by leveraging its equity. This improves the borrowing power and seals lower interest rates compared to personal loans and credit cards.

Fixed Term Loan

Home Equity Line of Credit (HELOC)

Get The Most Of Your Home Equity With Satbir Bhullar

When it comes to home equity loan in Abbotsford, I can be of great help to secure the best equity deal for you. With several years of experience in the industry, Satbir Bhullar can assist you in getting the maximum value out of your decision to apply for home equity.

From consolidating several debts into one, to lowering monthly payments and getting cash in hand, home equity loan was never this easy.

Combine your bill payments

Lock in a fixed rate

Get lump sum funding

Renovate your home

Manage your debt

Cover emergency expenses

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
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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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Why Choose Satbir Bhullar?

Satbir Bhullar is a certified mortgage broker who keeps his clients fully informed about the home equity loan application process at every stage. This includes determining the ideal amortization period, an expedited repayment plan, and type of mortgage, i.e. fixed or variable.

I make sure that my clients understand the terms and conditions of a home equity loan and stay informed of any associated expenses or penalties.

Want to apply a home equity? Find out how much borrowing power you can apply for with a home equity loan. Contact us to discuss your needs and my home equity mortgage advisor will get back to you with an equity deal that suits your needs and budget in the best way possible.

Check Out How Much You Can Afford!

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

Calculate Now

Contact Us To Get Started With Equity Application

Satbir Bhullar understands the role exceptional customer service plays in ensuring 100% client satisfaction and leaves no stone unturned to achieve it. I’m committed to helping my clients get their home equity loan approved for the lowest rates and flexible repayment terms.

7+ Years Of Experience
Fast Mortgage Approvals
Easy Loan Application
Network Of 30+ Lenders

My swift loan approvals are facilitated by my access to a wide network of equity lenders. With an easy and simple application process, my clients can easily comprehend the process and get accepted.

Home Equity Loans

Leverage Your Home Equity

Get The Most Of Your Home Equity With Satbir Bhullar

Ready To Get Started With A Mortgage Application?

What Our Clients Are Saying

Why Choose Satbir Bhullar?

Check Out How Much You Can Afford!

Contact Us To Get Started With Equity Application

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