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BC Mortgage Rates are subject to change without notice. Please contact your BC Mortgage Broker for updated Mortgage Rates.

  Mortgage Rates for the Province of British Columbia are provided by Jeff DiLorenzo of The Mortgage Group Canda. Allow your BC Mortgage Broker to develop your Mortgage Application for you and shop your mortgage application to over 40 mortgage lenders to obtain you the lowest and best mortgage products the banks offer. Give your BC Mortgage Broker a call today at 778-839-3963

BC's Best Mortgage Rates Offered:

1 year Closed Mortgage Rates, 2 year Closed Mortgage Rates , 3 year Closed Mortgage Rates , 4 year Closed Mortgage Rates, 5 year Closed Mortgage Rates ,7 year Closed Mortgage Rates , 10 year Closed Mortgage Rates & Open Or Closed Variable Mortgage Rates in BC Canada

As a BC Mortgage Broker, I reserve the BEST mortgage rates in BC through major Banks, Credit Unions, Equity Lenders and other Financial Institutions around Metro Vancouver, the Lower Mainland, Okanagan, Kootenays and Vancouver Island as well as other cities and towns in BC Canada.

You are invite to look through this website to learn more about the concept of letting a BC Mortgage Broker help you find the best available deal on your next mortgage.

Interest Rate Pointers

While we offer the best rates in the industry, obtaining the lowest rate does not guaranty the lowest total cost.  You also need to consider the following:

1) Are you obtaining the right term based on your plans and objectives?
2) Should you choose a FIXED RATE or VARIABLE RATE mortgage?
3) Does it have the right features - portability, assumable, prepayment, etc.?
4) Is it tax efficient? Can you make your mortgage tax deductible? 5) How can a longer amortization or an interest-only mortgage benefit me? 

Mortgage Features & Interest Rate (No Frills)
Lower Mortgage interest rates can be achieved by receiving a mortgage that offers less or no product advantages.

1) Do you need standard pre-payment options? There are lenders that offer "No Frills" mortgages.  You are able to obtain a lower interest rate in exchange for giving up your pre-payment options.  This product works well for individuals who do not intend to increase their payments or make extra payments over the term of the mortgage.  Some of these products do not allow you to port or refinance your mortgage over the 5 year term of the mortgage.

2) Can you close your mortgage quickly? Some lenders offer "quick close" products.  You can obtain a lower interest rate if your mortgage can close in 30-45 days, depending on the lender.
 The No Frills or Quick Close products are available for live deals only (i.e., not for pre-approvals). 

Fixed mortgage interest rates
If you choose a closed fixed interest rate, you are locked-in with the lender for a specific term.  The interest rate charged will not change during the term of the mortgage.  Should you decide you want to break the mortgage (say, you decide to sell your home), lenders will charge a penalty.  The penalty is generally the higher of three month's interest or the interest rate differential
 The interest rate differential (IRD) is the difference between the existing rate and the rate for the term remaining, multiplied by the principal outstanding and the balance of the term.

Variable Interest Rate Mortgage
What is the best variable rate product in the market? It has become difficult to compare since most lenders offer a variety of options - teaser rates, monthly compounding, pre-payment, cash backs, convertible, etc.  I am happy to discuss with you your needs and provide a recommendation on the variable rate product that meet your needs

Things to know if you are getting a variable rate mortgage?
1) What rate do I get if I decide to switch from a variable rate mortgage to a fixed rate mortgage? Will you guaranty me the best interest rate?
2) Is the mortgage portable? Some variable rate mortgages will not allow you to port your mortgage. 
2) What payment frequencies are allowed? Can I pay weekly, bi-weekly?
3) Is there a premium surcharge for 5% down mortgage?
4) How is the interest rate compounded? Semi-annually or monthly?

Service areas for the Greater Vancouver Regional District includes the cities and towns of:Vancouver, Richmond, Burnaby, New Westminster, Delta, Surrey, White Rock, Langley, Abbotsford, Chilliwack, West Vancouver, North Vancouver, Port Moody, Coquitlam, Port Coquitlam, Pitt Meadows, Maple Ridge, and Mission British Columbia.

Mortgage Service areas for the Okanagan Regional District includes the cities and towns of: Armstrong, Ashcroft, Cache Creek, Chase, Clinton, Enderby, Falkland, Golden, Kamloops, Kelowna, Keremeos, Lake Country, Lumby, Merritt, OK Falls, Oliver, Ossoyoos, Peachland, Penticton, Princeton, Revelstoke, Salmon Arm, Vernon, and British Columbia.

Service areas for the Vancouver Island Regional District includes the cities and towns of: Victoria, Saanich, Esquimalt, Oak Bay, Colwood, Langford, Sooke, Campbell River, Chemainus, Comox, Courtenay, Cumberland, Duncan, Ladysmith, Lake Cowichan, Nanaimo, Parksville, Port Alberni, Qualicum, Sidney, Tofino, British Columbia.

MORTGAGE CATEGORIES: Self Employed, Business for Self, Stated Income, First Time Home Buyer, Salaried, Bad Credit, Low Credit, Slow Credit, 2nd Home,

Great Mortgage Rates are just the begining BC. Call your BC Mortgage Broker to learn more and save with great mortgage rates from Mortgage Rates BC.