BC Mortgage Brokers Will Save You Money

First Time Buyer in BC

Whether you are a first time buyer in BC or a seasoned investor, purchasing a new home is the biggest investment of your life. Getting the best mortgage rates and the right mortgage product tailored to your specific needs is as important as finding the right house. Just as you use a realtor to find that right house, everyone knows its best to use a mortgage broker to secure the best mortgage rate.

When you are a first time buyer, the learning curve can be steep, our mortgage brokers are here to help. At Verico Mortgage we have a network of mortgage lenders that are waiting to compete for your business with today's best mortgage rates. Our brokers are true mortgage professionals.

The first step when you decide to buy your first home is to determine whether you can qualify for a mortgage, and if so, how much of a mortgage can you qualify for based on your income. In other words, the first step is right here with one of our mortgage brokers.

Answers to your most common questions:

      1) I am a first time buyer but my spouse is not, can we qualify for a 5% down mortgage again?

Anyone can qualify for 5% down, you do not need to be a first time buyer.

      2) As a first time buyer I want to use my RRSP for down payment, can I use them for my closing costs as well?

Yes, you can use up to $20,000, it does not all have to be used toward down payment. You then have 15 years to pay it back to your RRSP.

      3) Why is using a mortgage broker better than using my bank if I am a first time buyer?

If you like your payments to be lower, you should use a mortgage broker. You may also qualify for more house.

First Time Home Buyer


Best Mortgage Rates
Variable Sale!!   2.25
1 Year   2.29
2 Year   2.24
3 Year   2.34
4 Year   2.49
5 Year Sale!!
10 Year   3.64
Bank of Can Rate   4.64

These Mortgage Rates Are Updated Daily

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