FAQ

604-556-9524

FAQ

Amortization is the period of time over which the mortgage is calculated to be paid off, and usually range from 20 to 30 years. With a longer amortization period, you will pay less each month, but build equity at a slower rate.

on Friday October 06 by Super User

A conditional offer to purchase is an agreement that binds the buyer to purchasing the property if and when specified conditions are met. This type of offer is often used when a buyer must sell an existing home to have the funds to purchase the new one.

on Friday October 06 by Super User

A Home Appraisal is an independent valuation based on current market value; i.e. an assessment of what your home would sell for in the very near future. This value is often used by lenders to verify that the home is at least as valuable as the mortgage loan, and by insurers to set a replacement cost. An Appraiser is usually hired by the lending institution.

A Home Inspection is quite different, and does not relate directly to the value of the home or property. The purpose of an inspection is to ensure that the home is safe, built to acceptable standards, and that its systems are in good working order. A Home Inspector will examine the roof, basement, electrical, plumbing and heating systems to look for any deficiencies, hazards, or signs that major repairs are required. An Inspector is usually hired by the buyer. We would be happy to provide a referral.

on Friday October 06 by Super User

There are basically two differences between the value shown on your BC Assessment report and market value. First, BC Assessment evaluates homes as of July of the previous year, while market value is based on similar homes sold in the very recent past.

Second, BC Assessment evaluation is largely based on the size of the property and home, and does not take things like landscaping features or interior finishings into account. Market value is what potential buyers are likely willing to pay. Therefore, market value is often higher than BC Assessment's valuation, however, this is not always the case.

For a free market value assessment, just give Ravi a call at 604-556-9524.

on Friday October 06 by Super User

Three words! Clean. Repair. De-clutter.

A thorough cleaning will brighten your home and make it more inviting. Making small repairs, like touch up painting and fixing faucet leaks, can also be a big help in making a good first impression. Most importantly though, is creating more space by boxing up family photos and knick-knacks on shelves, extra clothes from closets, and infrequently used small appliances. This sort of de-cluttering gives your home a more open and spacious feeling.

on Friday October 06 by Super User

Are you tired of paying someone else’s mortgage? You don’t want to deal with landlords any more however, you have no money to buy a place of your own. We have the solution for you in the form of a $0 down mortgage. This means that almost anyone can own their own home. We have lenders who will finance 95% of the purchase price and allow you to borrow 5% in the form of a loan for your down payment. Also, you have the option to have your 5% down payment gifted from family. This program is available to first time home buyers and anyone else who has owned a home before.

on Tuesday March 20 by Super User

Are you self employed and don’t show the required income on paper to qualify for the mortgage you need? Then call and ask us about our stated income mortgages. You can borrow up to 90% of the value of a home based on income that you state you make and not what you declare on paper. This means that self employed people can save taxes by declaring minimal income and still qualify for the mortgage they need.

on Tuesday March 20 by Super User

You don’t want to make principal & interest payments on your mortgage. You want the flexibility of paying off the mortgage against your house and then re-borrowing without further legal fees. How about a totally open line of credit secured by your house that allows you to pay it off without penalty at any time. Ask us about a secured line of credit.

on Tuesday March 20 by Super User

Have you been turned down by your bank for mortgage financing? Do you have credit problems that are holding you back financially. We have access to a variety of lenders for many different situations and may be able to help you. Give us a call to discuss your situation and we will endeavor to find a solution for you.

on Tuesday March 20 by Super User

Are you looking to purchase or refinance a commercial property? We have access to a variety of commercial lenders to satisfy your requirements. This includes non-traditional commercial lenders & private lenders that will finance many different properties.

on Tuesday March 20 by Super User

Do you want to build your home and save the cost of someone building it for you. We are experienced in construction financing and will be able to guide you through the process. Call us for more details on the construction mortgage process.

on Tuesday March 20 by Super User

We have a wide variety of mortgage rate options to suit all of the needs of our clients. We offer fixed rate mortgages in terms from 6 months to 10 years. On the variable rate side, we have closed variable rate mortgages that offer the most competitive mortgage rates in the market. We also have access to open mortgages as well as line of credit products that are fully open.

on Tuesday March 20 by Super User

Mortgage Testimonials

Helped Me Buying My First Condo

Ravi was an angel to me. It was my first time buying a property and i didn't know anything, but Ravi patiently answered my million questions and guided me through out the whole process. He got my mortgage approved in 2 days and i moved in to my new condo in less than 3 weeks. I'm grateful for all his support and now im happily enjoying my beautiful condo with my family. I highly recommend his services to all my friends
 

 Catherine
Surrey BC
Honest and Dedicated Business Professional

Being in the insurance industry for over 17 years, I have rarely seen such a high success rate for approved mortgages.
 

 Sonny Saran
Charlesworth
Great To Work With

I found Ravi Singh to be a very pleasant and professional person to handle my mortgage needs. I highly recommend him to all my family and friends! Thanks again!!
 

 Thiru
Surrey BC
Commitment to Service Excellence

As an accountant i've referred many of my clients to Ravi Singh because I am confident they will be in good hands. Thanks for your hard work and commitment to service excellence.
 

 Nijjar Accounting
Surrey BC
The Best In The Business

I can't thank Ravi enough for helping me get a 2nd mortgage when the banks weren't able to. He updated me with how things were going, so that was great on his part. He is best in the business. Definitely give Ravi a call if you need help with mortgages! Thanks Ravi!
 

 Ramesh Sharma
Vancouver
If he can't do it no one can

Being a self employed it has always been a challenge getting my mortgages approved through my bank. But luckily couple of years ago my realtor referred me to Ravi, and so far i've got 3 mortgages through Ravi. Surprisingly every single time Ravi finds a ways to get my mortgages approved. You are the MAN!!!
 

 Yelbertah
Mission BC
Got us a Mortgage Despite bad Credit

When all the banks were turning us away due to poor credit, Ravi worked his magic to get us approved as well as helped us in re-building our credit! We are forever grateful for his efforts and his hard work to get us the answer we wanted.
 

 Gary D
Abbotsford
Great Service!

Great Service. I can always rely on Ravi to provide me with trusted advice and solution to all my mortgage needs. He's been my mortgage advisor for almost 10 years now.
 

 Sukhi
Abbotsford
Helped me pay off my CRA taxes

I would like to give a huge thanks to Ravi for helping me refinance my mortgage to payoff my CRA taxes. I will definitely be calling Ravi in the future for any of my mortgage needs and would recommend him without hesitation.
 

 Regan
Abbotsford


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35639 Eagle View Place
Abbotsford, BC, V3G 0C8
Main Level

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Phone: 604-556-9524