What is a Residential Mortgage?
Sandhu Capital also provides Residential Mortgages through banks and credit unions at extremely low rates.
First Time Home Buyer
Purchasing a home is a very big commitment and your mortgage could be the single most important financial decision that you will ever make. Simplifying the process is what we do best at Sandhu Capital. We will explain your options and recommend financing solutions to get your mortgage approved at the lowest rate and most flexible terms.
Our knowledge of the mortgage market will enable a speedy, stress-free home buying experience for you. We work with the major Canadian lending institutions on a daily basis and know their mortgage products and terms.
Providing the lowest mortgage rate in BC and explaining the entire home purchasing process are two of many value added services we provide.
We assist the first-time home buyer through every step of the mortgage process:
- The Pre-Approval: Find out the mortgage amount and interest rate you qualify for.
- Purchasing the Home: Make sure to include a condition in your purchase contract; give yourself at least one week to finalize all financing. Using this time to have a home inspection is a great idea!
- Paperwork: We will explain, in detail, all of the paperwork that the bank/lender requires.
- Closing / Lawyer: All paperwork will be sent to the solicitor of your choice.
Each mortgage application is unique; making it a smooth and seamless process is what Sandhu Capital does best. Fill out our easy to follow online mortgage application and let us help you make owning a home the experience of a life time!!
Mortgage Renewals and Transfers
Many homeowners stay with their existing mortgage lender because they believe it is too time consuming to shop around for a better rate. Or, they may think the offer from their existing bank is the best deal available. This is not true.
Experience shows that most banks offer renewing clients a discount of .25% off posted rates; as well, negotiating a rate discount with the branch can often be a timely process and will often not lead to the best rate.
If the client does manage to negotiate a better rate, it’s usually a maximum ceiling discount of 1%. This is the maximum the branch allows a mortgage representative to discount any mortgage product. Some special cases are given for clients who have many investments held within the bank. For the most part, however, there are no exceptions made.
All clients here at Sandhu Capital are treated with respect, courtesy and privacy. Our best rates are posted and all of our clients are assured the same dedication to finding the best mortgage solution for their needs.
At Sandhu Capital, we focus 100% of our time and effort on the mortgage market. This is very crucial when it comes to providing the service and rates that each client deserves.
When your mortgage term is almost complete, remember these two significant opportunities to save money:
1. Don’t wait for the Bank! Approach your mortgage lending institution months before the renewal date and ask what they can do for you.
2. Keep Asking! Be confident to negotiate with your mortgage provider as to what their best rate on your renewal can be. Then, call us and we’ll beat that rate too, and at NO cost to you.
Mortgage Refinancing
With the significant appreciation of housing prices in the past few years, many of our good-credit clients decide to unlock the value of their homes by refinancing their mortgage for a variety of purposes, including:
- Asset enhancement
- Debt consolidation, such as credit card, car loan and/or line of credit
- Combining first and second mortgages
- Renovations
Ask yourself:
- Are you tired of making multiple (four or five) different payments each month?
- Do you find yourself making minimum payments each month?
- Are other creditors charging interest rates that are higher than today’s current mortgage rates?
- Do you wish you had more money to purchase stocks, bonds or make other investments?
If you answered yes, Sandhu Capital can help you refinance your mortgage in Canada. We can answer your questions, help determine your needs and take you through the process quickly and efficiently—with the lowest refinance rates around.
Your mortgage refinance—our lower rates.
More Mortgage Options
Above are three of the most common types of Residential Mortgage financing. See below, a list of multiple other services we cover, when it comes to residential mortgages.
- Pre-Qualifying
- Purchase Plus Improvements
- Investment Properties
- Vacation/Second Home
- Home Equity Line of Credit (HELOC)
- Pre-Payment Penalties and Privileges
Residential Mortgage FAQ
What is a Residential Mortgage?
A Residential Mortgage is a mortgage pertaining to land with a residential building. This could be a single family home, a duplex, townhouse, condo, and more. We offer residential mortgages throughout Vancouver, B.C.
How can I apply for a Residential Mortgage?
You can apply for a Residential Mortgage by heading over to the contact page on our website. Fill out the information and we will contact you the same day!
What is the process of a Residential Mortgage?
Once we are in contact we will ask you for information regarding your mortgage and educate you on the process. After we will collect all necessary documentation and review. We will figure out what mortgage solution will best fit your profile and recommend options. Once the option is selected, we will move forward with processing the application with the lender. Once the lender approves, you can get funded the same week!
What is the max Residential Mortgage loan amount?
We can arrange financing from $50,000 – $25,000,000. (Fifty-Thousand Dollars to Twenty-Five Million Dollars)
Which locations do you service Residential Mortgages?
We can provide Residential Mortgage financing in Vancouver, BC and all surrounding cities. We accommodate our clients to the best of our ability.
