Competitive interest rates. Our rates are among the lowest in the Lower Mainland.
Approval within 24 hours. Get answers fast - usually within 24 hours. That way you take advantage of current rates and market situations. Once you are approved, we'll guarantee your rate for 90 days.
Pay off your mortgage faster. Choose from weekly, biweekly, semimonthly, monthly repayment schedules. The more frequent your payments, the faster you'll pay off your mortgage.
Amortization options. We offer shorter amortization periods which allows you to pay off your mortgage sooner.
Double up your payment. Pay up to double each payment on closed mortgage plans.
Make an extra payment. On each mortgage anniversary date, you can make a lump-sum payment of up to 20% of the original balance.
Take your mortgage with you. It's portable - transfer your existing rate, loan balance, and remaining term to a new mortgage if you move.
It's assumable. Your mortgage can be taken over by another party (upon qualification). This feature may be attractive to potential buyers.
Choosing a mortgage
'Neither a borrower nor a lender be,' urged Shakespeare, but he didnít have to live through a property boom. Unless youíve recently won the Lottery, youíre probably going to have borrow a lot of money to buy somewhere to live. Yet, despite the fact that selecting a mortgage is one of the most important financial decisions you ever make, some people put more effort into deciding what sort of personal stereo to buy. A little bit of research can save you thousands of dollars and give you priceless peace of mind.
You can usually only borrow up to 95% of the property's valuation Ė 100% mortgages are available but high rates of interest make them prohibitively expensive. You might pay 1% more to borrow at this level Ė better to save for a deposit. Many lenders give better deals to people with large deposits so it can make sense to dip into savings to get one.
Most people choose to repay their mortgage over 30 years but itís not compulsory. If you are an older buyer and want to make sure the loan is repaid before you retire you can choose to pay more each month over a shorter period.
Loan Programs & Options Smart Home Mortgage Loans inc. offers many loan programs from the primary lenders in all 50 states. Our lending institutions provide home purchase, second home equity, mortgage refinancing, and refinance loans. Whether you are searching for conventional, non-conforming or subprime refinancing, our company can connect you with the finest financing providers online.
Financing Basics For those of you who didnít get a finance degree from a graduate business school, we created this section so that average homeowners can understand the basic for refinance and purchase mortgage loans. Our site will provide you with mortgage references and relevant definitions for loan terms so that you can make wise finance decisions that involve residential mortgages.