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 Purchase Mortgage

Apply Funding To Buy A Home

With the real estate market flooded with a number of mortgage products, it’s better to seek the help of a mortgage professional to make the right choice and a sound financial decision.

If you are a first-time home buyer, you’ll be excited to know there are many government grants and incentives you can apply for. A mortgage broker in Abbotsford can help you choose a competitive deal at the lowest interest rate possible.

First Time Home Buyer Mortgage

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Being a first time home buyer, there is a possibility that you may not be fully aware of the financing plans or grants available. Satbir Bhullar is here to assist you in making the best choice by providing the right guidance on first time homebuyer mortgage, access to the most profitable deals, and getting approved in no time.

With a lucid, simple, and error-free application process, he stays by your side from the start to end and help with the legalities and other requisites. My 3 step mortgage approval process includes:

File a mortgage application

Choose from over 30+ lender options

Get approved and receive funding

Ready To Get Started With A Mortgage Application?

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

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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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 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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 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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Customized Mortgage Options To Choose From

No matter, you are applying for a first or second mortgage; there is high possibility that you may not be familiar with the latest available prices, deals, and products. Though your credit score impacts your approval rate, having a bad credit score doesn’t holds you back from getting your home purchase mortgage in Abbotsford approved.

Satbir Bhullar leaves no stone unturned to search independently on your behalf for the best mortgage financing and home purchase deal, taking advantage of his extensive network of banks and lenders, in order to meet your financial objectives.

Contact me as soon as possible to make sure the home purchase mortgage you choose is customized to meet your needs and budget. Fill in the online contact form and I’ll get back to you in no time.

Check Out How Much You Can Afford!

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Get Into Your Dream Home With Satbir Bhullar

My utmost priority is to find you the mortgage that best fits your needs. By doing market research and going through a wide range of lender options, I am committed to finalising the ideal home purchase mortgage for your home buying dreams.

Local Lending Options: I understand the mortgage market very well and handle the entire mortgage approval process all by myself.

Years Of Experience: With 7+ years of experience in the mortgage industry, my expertise and knowledge sets me apart from others.

Seamless Service: I take pride in building long-term relationships with my clients that last beyond the closing of the mortgage deal.

Home Purchase Mortgage

Apply Funding To Buy A Home

Get Access To Competitive Residential Mortgage Deals

Ready To Get Started With A Mortgage Application?

What Our Clients Are Saying

Customized Mortgage Options To Choose From

Check Out How Much You Can Afford!

Get Into Your Dream Home With Satbir Bhullar

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