Finance and Lending

"Buying Power"

The very first step in purchasing a property should be to investigate what price range you will be comfortable in. If financing will be used, this needs to include having a lender qualify you for the size of mortgage you're considering. Knowing your borrowing power, understanding how the lending process works, and being clear on your options are all essential. It is far better to ensure you are well-informed and qualified at the start of the process than to potentially face problematic issues at a criticial further point in the process.

Should you not already have a trusted relationship with a finance or mortgage professional, we recommend that you start one prior to taking any other steps towards purchasing. We can offer advice on how to further maximize the value of your current banking relationship, or refer you to one of our preferred, reputable contacts.

MORTGAGE BROKERS

We recommend Dave Lacusta - Dominion Lending Centers - www.davelacusta.com

BANKS

Royal Bank of Canada - www.rbc.com

Bank of Nova Scotia - www.scotiabank.com

TD Bank - www.td.com

Bank of Montreal - www.4bmo.com

CIBC - www.cibc.com

ING - www.ingdirect.ca

HSBC of Canada - www.hsbc.ca

Vancouver City Savings Credit Union - www.vancity.com