Mortgage Broker in White Rock, BC

Yes — Unit 204K, 1522 Finlay Street, a few minutes from the promenade. There is a second office in Surrey. You are welcome to come in, and equally welcome to do the whole thing by phone, email and e-signature if that is easier. Most clients mix the two: one meeting at the start, everything else remotely.

Yes. Age itself is not a barrier and lenders cannot decline you for it. What matters is provable, sustainable income — pension, CPP and OAS, RRIF withdrawals, investment income or continuing part-time work all count, though lenders differ in how they treat each one. Some are markedly more comfortable with fixed-income files than others, which is exactly the sort of thing having a wide lender panel is for.

If your purchase completes before your sale funds, bridge financing covers the gap. It is arranged alongside the new mortgage, needs your sale to be firm, and is routine when set up in advance. The version that causes stress is the one arranged in the final week, so send me both dates as soon as you have them.

Whichever costs less, and that is arithmetic rather than opinion. Porting carries your current rate to the new property, but it is not automatic: you have to requalify with that lender at the stress test, and there is a limited window between your sale and your purchase in which it can be done. Most lenders also charge the penalty and refund it on completion rather than waiving it outright, so you need the cash available in the meantime. Any additional funds are blended at current rates, and you stay with the same lender. Breaking means paying a penalty now against possibly better terms on the whole balance. I will calculate both and show you the numbers side by side.

It can be, though age alone is rarely the reason — the building's finances are. A lender will read the depreciation report, the size of the contingency reserve and the recent minutes, and if a large levy is coming or an envelope repair has been deferred, the application can be declined on the strength of the building even when your own position is excellent. Several older buildings along Marine Drive are perfectly well run and finance without comment. It is worth reading those documents while your subjects are still in place.

Yes. Ocean Park, Crescent Beach, Elgin, Sunnyside, Grandview Heights, Morgan Creek and the rest of South Surrey are all part of the same working area, even though they sit in Surrey rather than White Rock. The two are one housing market in practice.

Nothing on a standard residential mortgage — the lender that funds it pays the commission. Private or specialized lending can carry a fee, and you would be told the amount before any work began.

A pre-approval is usually ready within two business days of your documents arriving. After an accepted offer, the part I control is clearing the financing condition — commonly five to ten business days, driven mainly by the appraisal and, for a strata, how fast the building documents come through. Funding itself happens on the completion date written into your contract, which is typically a month or more later and is set by you and the seller rather than by the lender.