Best Kelowna Mortgage Rates

There is a lot to consider when entering into a new mortgage.You need to decide on important details such as whether a fixed or variable rate would work best in your situation, whether you want an open or closed mortgage, and what repayment and pre-payment options would best suit your needs.

Fixed vs Variable Rates

Choosing a Fixed or Variable rate will depend largely on your personal budget and financial goals. A fixed rate is better suited for people who are more comfortable with a set budgeted amount for their mortgage. Knowing what to expect can provide security, regardless of market and rate fluctuations.

On the other hand, you may want to take advantage of lower variable rates, provided that you are comfortable accepting the changes in your mortgage payments. With mortgage rates at near historical lows, we can help you determine whether this is the time to lock in a fixed rate, or to choose a variable rate which can fluctuate over time.

Open vs Closed Mortgages

Having an open mortgage means that you’ ve more flexibility for the repayment of your loan. This allows you to make pre-payments on your mortgage and provides a wider range of options if you’ re considering selling your home in the near future. You may, however, wish to take advantage of lower closed mortgage rates if you know that you intend to stay in your home or would prefer the security of a ower loan payment.

Pre-Payment and Repayment Schedules

Planning at the mortgage negotiation stage can help you to achieve your financial goals. We can help you assess your needs – whether you would like the ability to make pre-payments on your loan, to increase your payment frequency to pay down your mortgage faster, or simply to service your loan while keeping cash flow at a maximum.

Kelowna mortgage brokers at The Mortgage Centre – BC Direct Mortgages will shop the market for you to find the best mortgage rates available! As independent mortgage brokers, we work for you – not for the lenders. Once we complete a free analysis of your situation, needs, and goals, we will find you the best mortgage rates at no cost to you. (oac) Put our experience and expertise to work for you!

Give us a call today to get your best Kelowna mortgage rates!

The Mortgage Broker Process…

Our commitment to you as your mortgage broker is to assist you in finding the best mortgage available, and also to make your mortgage experience stress free! Together, we will explore options for mortgages available to you.

The process is simple – we’ll have Canada’s leading lenders compete for your mortgage. We’ll then provide unbiased advice so you get the mortgage that’s right for you!

We  are The Mortgage Centre – BC Direct Mortgages

work as your expert negotiator in helping you find the best mortgage rates and features from Canada’s leading lenders. Because your home is likely the biggest investment you’ll ever make in your lifetime, finding the right mortgage suitable for you could be a difficult task without the right resource. Our commitment to you is to provide professional, unbiased mortgage advice, free of charge!

Our mortgage brokers understand that choosing a mortgage is a big decision for you — that’s why we keep you informed every step of the way!

we make it EASY

for you to find  the best mortgage to suit your needs! Here’s how it works . . .

Simply Click Apply Now

or Print an application and fax it to us directly at (250) 762-2181. Or give us a call toll free at 1-888-877-3535 to discuss your mortgage request.

We Will Review Your Application

We’ll then contact you after we receive your application to evaluate your needs.

We Will Find You the Best Rate

Once we’ve decided together what type of mortgage is best, We will find you the best mortgage rate and features for you.

We Will Submit Your Application

We’ ll then forward your application electronically to the lender you’ve selected.

You’re Approved!

Once approval is received, we will then follow up with you for all supporting mortgage documents. Once all conditions are met, you simply sign the forms, and you’ve got your mortgage.

Kelowna Real Estate

In the Kelowna real estate market, finding the right property at the right price is just as important as arranging the best mortgage! The Okanagan Mainline Real Estate Board (OMREB) reports that while the market has picked up, current conditions still favour buyers. Another benefit to buyers is that the current low interest rate environment is helping keep payments at an affordable level.

Kelowna’s real estate market will continue to grow, as the local population increases and the economy expands. Most economists feel that prices in Kelowna and the Okanagan will hold steady, and the market will become more balanced (neither a buyer’s or seller’s market).

New capital projects include the Kelowna General Hospital expansion and new medical school, the expansion of the University of British Columbia Okanagan, and future airport expansions to bring in more travelers to the area for business and pleasure. Kelowna’s population is now 117,312 and the District of West Kelowna area is now 30,892 (according to the 2011 census).

Kelowna is the summer vacation destination of many travelers, and even a short visit can be enough to convince someone to live in the beautiful sunny Okanagan! Every year more and more people appreciate Kelowna’s lifestyle — great weather, friendly people, and all the best that the four seasons has to offer!

So whether you aspire to move to Kelowna or anywhere in the Okanagan, or are thinking of purchasing an investment property, we can help make your real estate dreams a reality! As your mortgage broker, we work with you to determine the best mortgage to suit your needs, and our service is free — mortgage brokers are paid by the lenders unless you have non-standard credit and alternative financing is required.

How we can help you?

Pre-approval – Before you put in an Offer to Purchase, it is in your best interest to obtain a pre-approval so that you know what you qualify for and guarantee you a rate hold for up to 120 days. A pre-approval is simple to obtain, yet can be a time and cost saving lifesaver! Simply give us a call anytime toll free at 1-888-877-3535 (local Kelowna calls at 250-762-2070), or click here to complete an online application. We will work with you to determine your financing eligibility!

Kelowna Realtor Referrals – Not sure who to call? We have a list of qualified Kelowna realtors who will work with you diligently to find you your new home or investment property.

Obtaining the Right Mortgage For You – Once you have found your home and have a Purchase Agreement, we will work with you to determine which mortgage is best for you, and find you the best rate and features to meet your needs. We will then submit your application to the lender, and follow up with you for all supporting documentation. It’s that easy!