Mortgage Broker in Surrey

First Time Home Buyers Mortgage in Surrey

Are you planning to buy your first home? Looking for a first time home buyer mortgage broker in Surrey? If yes, Lakhvinder Gill – Mortgage Broker in Surrey, BC has got you covered. Ours is a trusted mortgage firm providing low rate deals for eligible home buyers planning to buy their first home in Surrey or anywhere in the Lower Mainland, BC. With a network of private lenders, we provide low cost and profitable deals for our customers looking for residential mortgage, private mortgage and first time home buyer mortgage in Surrey.

Eligibility To Apply First Time Home Buyer Mortgage

An individual who qualifies as a first time home buyer is eligible to apply a mortgage when purchasing their first home. To qualify, a person:

Must not have previously owned a home
Must not currently mortgage or re-mortgage a home
Must be at least 18 years old
Must be a Canadian citizen or a permanent resident
Must occupy the home as your principal residence
Must not own a stake in a property anywhere in the world
Must not have a spouse or common-law partner owning a property

First-Time Home Buyer Mortgages – Unlock Your Dream Door

STEP 1: Determine Your Budget

We’ll work with you to understand your financial situation and determine how much you can afford to borrow.

STEP 2: Get Pre-Approved

Our pre-approval process is quick and easy. Once you’re pre-approved, you’ll know exactly how much you can afford to spend on a home.

STEP 3: Choose Your Mortgage

We offer a variety of first-time home buyer mortgage options to fit your needs. Our experienced loan officers will help you choose the right one for you.

Start your journey to homeownership today.

Mortgage Refinancing

Is it the right time to refinance your mortgage?

Canadians today face many reasons to refinance their mortgage. The process of refinancing is significant, much like obtaining your first mortgage. At Lakhvinder Gill – Mortgage Broker in Surrey, we ensure that your refinancing solution is handled with the same care and precision.

Perhaps you have been working at improving your credit score, and you now qualify for a new mortgage with a better discount; this can save you thousands of dollars over time. Sometimes, the economy will offer a good reason for refinancing; you may consider stabilizing your payments by changing from a variable rate mortgage to a fixed-rate, or vice versa. If you are paying two mortgages at once, refinancing can consolidate your debt into a single mortgage for a longer-term.

Refinancing is also a good option to pull out equity from your home. Many people refinance to consolidate debt, renovate their home, free up some emergency funds, contribute to other investments, or pay for education.

Construction Mortgage

Mortgage Financing for a New Build Home

Having a new home built makes for an exciting time in a family’s life. Instead of having to buy a house that already has a set floor plan, color scheme, flooring, and other traits, you get to make all of those choices before the house even goes up. A lot of people buy an existing house knowing that they want to make a number of changes, such as repainting the master bedroom, ripping out the carpet and replacing it with hardwood floors, or even knocking out a wall or two to open up a living space. People who take out construction mortgages in BC are using the financing to have their homes built from scratch.

If you are dealing with a major builder in the Abbotsford and Langley area, typically they will carry the financing for you throughout construction and you simply need a completion mortgage once the home is complete. If the builder is not willing to carry the financing you may be required to acquire a progress draw mortgage. A progress draw mortgage will advance money in intervals as the house is being built.

If you want to learn more about construction mortgage, reach out to us at Lakhvinder Gill – Mortgage Broker in Surrey, BC. We can connect you with construction loan providers in your area and provide you with the best deal possible.

Commercial Mortgage

Looking for commercial property financing?

If you’re looking for commercial property and require financing, we can help!
Commercial mortgages aren’t really as “cookie cutter” as some residential mortgages can be. What we’re saying is, for the job of getting a commercial mortgage; you need a real specialist on your side. Lakhvinder Gill possess extensive experience in every type of commercial lending. As such, we are uniquely qualified to understand the niche each lender serves, the product mix to which they are receptive, and what security, interest rates, fees, and debt service coverage meet the criteria of those lenders. This means your financial needs are always paired with the most appropriate lender, ensuring you the highest possible rate of success for your investment.

Private Mortgage

Simple and Easy Approval Process

In some cases where credit, income, or property does not fit well with conventional lenders, private lending can be a good option. Rates are higher than traditional lenders because the risk is higher to the lender. There are also fees to the broker as this is one of the few cases where the broker is not compensated for sourcing the business for the lender. Ideally, private mortgage financing is a short-term solution until we can move the client back into a conventional lender.

We have connections to private mortgage lenders who operate differently from banks and other mortgage lenders as their financing is with individual investors or by group or pool of mortgage funds. If you are in need of a second mortgage on your home and have been turned down by the banks don’t give up. Let’s see if we can help you get out of your “sticky” financial situation. There might only be some short term pain for your long term gain.

Let Lakhvinder Gill find the best mortgage option for you.

Investment Properties

Are you planning to make an investment in real estate?

The majority of homeowners will agree that real estate has been one of the most attractive investment categories in Canada for the past decade. If you are thinking about investing in a rental property there is an expanded selection of mortgage products available, and we can help you get the best financing solution at the best rate. Different lenders have different rules for how many rental properties you can have before you are considered a commercial enterprise. There are also differences in the types and locations of properties that different lenders will consider. Properties with past “leaky condo” or “grow-op” problems will need to be disclosed to the lender.

There are many things to consider if you’re considering an investment in real estate. We can help you navigate these tricky scenarios. We have access to a number of lenders who offer specially constructed mortgage solutions for rental properties. At Lakhvinder Gill, Mortgages in Surrey can help optimize your cash flow and loan pay down, and make the management of this investment that much less stressful.

Why choose Lakhvinder Gill – Mortgage Broker in Surrey?

Expertise

We have a team of experienced loan officers who specialize in first-time home buyer mortgages. They have the knowledge and expertise to guide you through the process and help you make informed decisions.

Competitive Rates

We offer competitive interest rates on our first-time home buyer mortgages. This means you can save money on your mortgage payments over the life of the loan.

Streamlined Process

We understand that buying a home can be overwhelming. That’s why we’ve streamlined our mortgage process to make it as simple and stress-free as possible.

Flexibility

We offer a variety of mortgage options to fit your unique needs and budget. Whether you’re looking for a fixed-rate mortgage or an adjustable-rate mortgage, we have options for you.

Customer Service

Our customers are our top priority. We pride ourselves on providing exceptional customer service and support throughout the entire mortgage process.

Local Presence

As a local Mortgage Broker in Surrey, we have a deep understanding of the local housing market and can provide personalized support and guidance throughout the home buying process.

Don’t wait any longer to get into your dream home. Call Lakhvinder Gill – Mortgage Consultant today at, 604-725-6734.