Welcome To Crestview Mortgage Services
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Flexible Solutions for
Every Stage of Life.
Introduction
About us
At Crestview Mortgage Services, we believe in simplifying the mortgage process while ensuring our clients get the best possible rates and terms. We’re here to guide you every step of the way.
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Services
Simplified Mortgage Solutions
At Crestview Mortgage Services, we believe in simplifying the mortgage process while ensuring our clients get the best possible rates and terms. We’re here to guide you every step of the way.
What Lenders Don’t Tell You
Most lenders will tell you their mortg….
The Mortgage Approval Process
Securing a mortgage isn’t just about getting approved—it’s about…
Refinancing Options
Refinancing is more than just securing a lower rate—it’s a powerful…
Mortgage Types
Not all mortgages are created equal. And just like many things…
Mortgage Rates
Rates aren’t just numbers — they’re part of a bigger strategy…
Investment Properties
Real estate investing is one of the most powerful ways to build…
Partners
Lending Partners
Frequently Asked Questions
OUR FAQs
General Mortgage Questions
What is a mortgage?
A mortgage is a loan that allows you to purchase property. The property serves
as collateral for the loan until it’s fully paid off.
What is the difference between a fixed-rate and a variable-rate mortgage?
A fixed rate mortgage has an interest rate that remains the same throughout the
term, while a variable-rate mortgage fluctuates based on market interest rates.
First Time Home Buyers
How much do I need for a down payment on my first home?
For homes under $500,000, the minimum down payment is 5%. For homes between $500,000 and $1,500,000, the minimum is 5% on the first $500,000 and 10% on the portion above $500,000. Homes over $1,500,000 require a 20% down payment.
Can I get pre-approved before I start house hunting?
Yes, we recommend getting pre-approved to understand your budget and show sellers you are a serious buyer.
Refinancing
What does refinancing a mortgage mean?
Refinancing involves replacing your current mortgage with a new one to get better rates, change terms, or access home equity.
When is the right time to refinance?
When interest rates drop, you need to consolidate debt, or you want to access equity for major expenses.
Debt Consolidation
What is debt consolidation?
Debt consolidation combines multiple debts into a single loan, often using your mortgage, to simplify payments and reduce interest.
What types of debt can I consolidate into my mortgage?
You can consolidate credit cards, car loans, personal loans, and lines of credit.
Self Employed Mortgages
Can I qualify for a mortgage if I’m self-employed?
Yes, we work with lenders who specialize in self-employed mortgages, considering alternative income verification methods.
What documents are required for a self-employed mortgage?
Commonly required documents include Notices of Assessment (NOAs), tax returns, bank statements, and proof of business income.
Investment Properties
What is the minimum down payment for an investment property in BC?
T○ The minimum down payment is 20% for non-owner-occupied properties.
Can I use rental income to qualify for an investment mortgage?
Yes, a portion of rental income is typically included in the lender’s calculations to determine your eligibility.
Legalities and Compliance in British Columbia
What is the Property Transfer Tax in BC?
The Property Transfer Tax in BC is calculated based on the fair market value of the property: 1% on the first $200,000, 2% on the portion between $200,000 and $2,000,000, 3% on the portion between $2,000,000 and $3,000,000, and 5% on any remaining amount above $3,000,000.
Are there restrictions on foreign buyers in BC?
Yes, the federal government implemented restrictions on foreign purchases of residential properties in certain areas, including BC.
Tools and Resources
Do you offer mortgage calculators?
Yes, we provide tools for calculating affordability, payments, and amortization schedules.
How do I know which mortgage term is right for me?
Shorter terms offer lower rates but require renewal sooner, while longer terms provide stability. We can help you choose based on your needs.
Contact and Support
How can I contact Crestview Mortgage Services?
Call us at 604-726-3606 or email mtgcrt@telus.net You can also fill out our contact form for a quick response.
Do you charge for consultations?
No, we offer free consultations to discuss your mortgage options.
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