HOW TO GO ABOUT CHOOSING A MORTGAGE 
AT SURPRISINGLY LOW DISCOUNTED RATES.

1st  MORTGAGES from 2.25% !
A new Mortgage, pre-Approval, or Mortgage renewal.
Please ask for a Quote.
Quick Response, and 48 hour Approval.

FIRST TIME BUYERS -  Remember, Always. Always think Rationally ! 

Buying a new Home can be an exciting experience. Of course, you will be tempted to rush into your own Bank because you opened your account there, and feel more comfortable with it. However, a word of caution, and you would do well to consider it, and think upon it. 

The person you will talk to in your Bank works for the Bank and will advise you on the Bank's   Programs and Rates. It is highly unlikely that he will inform you that the other Bank down the Street has a lower Rate !  I don't think he would.

It's wonderful to have a clear thinking head.

So for reasons of logic and self-interest, phone an independant Mortgage Broker (not tied to one particular Bank). From him, you'll get sound advice, and information on the best Mortgage Program available from all the Lenders out there, as well as the lowest Discounted Rate around ( a point or tow willl save you thousands of Dollars).

At EQ Lending Corp. I can offer you a simple plan, and very often get you a better Mortgage rate than you would get from anywhere else. I myself have over 35 years of Banking experience and can help you every step of the way.

WHAT DO YOU THINK?

I would predict that many of you would agree with me, but it would be too easy to say that everybody agrees with me; bt whether you agree or disagree, I’m interested in learning  what you have to say. You can phone me or write me.

GET A PRE-APPROVAL FIRST IS MY SUGGESTION.

A pre-approval for your mortgage is important so that you know what you can expect as a Mortgage . It will help the overall home buying process if you are pre-approved ahead of time.  
Another benefit is that the interest rate you were pre-approved at will be held for a period of 90-120 days. If interest rates do go up, you will still get the lower rate which was pre-approved..

NO MONEY DOWN MORTGAGE .

There are several ways to purchase a home without a traditional down payment. You will still have to come up with approximately 1.5% of the purchase price for closing costs in each of the following no down payment scenarios:

100% Financing
This allows homebuyers with excellent credit to finance the entire purchase price of the home. The major drawback to this program is that it carries a fairly high interest rate.There are different  ways in which this is done.

Cash back Mortgages
These Mortgages will typically be priced at the Bank's Posted Rate. The Lender will pay you between 3% of the original Mortgage balance on the day of funding the Mortgage. These Mortgages do serve a purpose for some individuals, but it is typically in your best interest to seek out the lowest rate as the overall savings is much greater.
It is also possible to get a mortgage which will give you a 5% cash back on closing. This 5% can then be used for the down payment eliminating the need for you to come up with the 5% yourself. This can be a great Program for those who have their money tied up in other investments, but still want to take advantage of the benefits that come with Home ownership. The mortgage rate for this product is usually about 1.5-2% higher than the current markets lowest mortgage rate.

Borrowed Down Payment
Homebuyers with excellent credit are now able to borrow their down payment from a Line of Credit, or Credit Card. As long as the monthly payment on the borrowed funds can be verified. As Mortgage lenders are unable to verify money borrowed from friends or family members, these borrowed sources are not accepted. The down payment can however be gifted from an immediate family member and all that is required is they fill out a form, or type up a letter stating that the money is a gift and does not need to be paid back.

COME RENEWAL TIME !

If you already have an existing Mortgage, then you have the advantage of  "Consumers Choice", You do not have to stick with your current Lender, but are free to find a "better" Lender.

Many Home Owners believe their Bank has given them the lowest Mortgage Rate. Wrong !  
Here are 2 Questions you should ask yourself when you get a Renewal Letter from your Bank :   -

1.  Do you know that this Rate could be different  from what you could get from another  Financial Institution ?
2.  If your current Rate is a point higher than it should be, how would you really know ?  How can you be sure you’ve receiving the lowest Mortgage Rate possible from your own Bank?

The answers to these questions may effect your Budget considerably. Banks post Interest Rates that differ from Lender to Lender, depending upon which particular Mortgage Rate or Program they wish to promote at one particular moment.

In view of this, you should take the advise of an Independant Mortgage Advisor (not tied to the Bank) or ask around, before making a decision. It's only to your advantage, as you stand to benefit, or lose depending upon your choice. !

I am an independant Mortgage Broker with over 35 years of Lending and Banking experience, and  believe me," MORTGAGES " is one area where I can help you best !  So please do talk to me.

What do you think?
I would predict that many of you will agree with my view on things, but it would be too easy to say that everybody agrees with me..But whether you agree or disagree, I’m interested in what you have to say. Let me know your thoughts. You can either phone me or write to me..
Tahir Mian
B.A. (Honours) M.A. Finance/Economics. Lic. ScEc.3Siecle.
Faculty of Law and Economics, Sorbonne, Paris.

MORTGAGE ADVISOR AND UNDERWRITER
EQ Lending Corp.
Cell :  604 781 2030
Fax:   604 677 5251




































































Please also note that If you would like mortgage Information on  such subjects as private mortgages, discounted rates, first mortgage, second mortgage, third mortgage, equity lending, equity loans, alternative finance, bad credit, distressed credit, effected credit, low beacon score, low credit score, credit score, discounted rates, low commission, low broker fee, mortgage default, foreclosure, default notice, missed mortgage payments, mortgage arrears, self employed mortgages, stated income, stated income mortgages, construction loans, construction mortgages, equity finance, equity loans, bridging loan, bridge finance, bridge financing, or mezzanine finance, information on mortgage rates, latest mortgage rates, Canadian mortgage rates,  current mortgages rates, mortgage news, lowest mortgage rate, discounted rates, equity mortgages, equity mortgage, Canadian mortgages, Canadian mortgage, BC mortgages, mortgage calculator, mortgage calculations, amortization, amortization tables, and the Canadian mortgage business in general, I shall be pleased to discuss them with you.