Contact Us

Our Address

902-777 W Broadway

Vancouver, BC V5Z 4J7


Phone: 604.227.5111


What is a Conventional Mortgage?

A conventional type of mortgage is a loan with 20% down payment or more and typically does not require mortgage insurance. This is beneficial as mortgage insurance varies from 2.40%-4.50%.

What is Minimum Downpayment Amount?

The minimum down payment is 5% on the first $500,000 and 10% on the amount between $500,000 and $1,000,000. Any homes over $1,000,000 require 20% down payment.

What is High Ratio Mortgage?

A high ratio mortgage is a loan with down payment of less than 20% and requires mortgage insurance. The benefit of high ratio mortgage is that it typically has lower interest rates.

How Does Pre-Approval Works?

A pre-approval is an estimate on how much you can spend on your home. Your financial information along with the lending policies gives you an idea on how much you can afford.

What is Mortgage Insurance?

A mortgage default insurance lets you purchase your home sooner and with lower down payment. Even though it adds between 2.40%-4.50% to your mortgage, it saves you money on the rate.

Can Gift Funds be Used as a Downpayment?

A gifted down payment is usually acceptable if it comes from the family member. Each lender will require a singed gift letter confirming that funds are actually gifted and now borrowed.


""A very positive experience. Tim went above and beyond and answered all my questions.""

– Andrey Fedyushin