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OLYMPIC MORTGAGE

Finance your dream home with Olympic

Whether you’re seeking the lowest mortgage rate on your purchase, or have a tougher situation for us to work on, we’re your local Victoria Mortgage Team, and we’re here to get the job done.
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ABOUT US

We help you make informed decisions for your home and family.

Since 2009, the Olympic Mortgage team has assisted thousands of local Victoria, BC homebuyers in securing their dream homes. With the highest number of Google reviews in Victoria, you can trust us to get your mortgage done—and done right.

  • Competitive Rates, No Fees
Our job as a mortgage broker is to get you the lowest rates — it's as simple as that. In most cases, you won't even pay any fees.
  • We Are Finance Experts
With backgrounds in banking and finance, we’re equipped to provide more informed mortgage solutions tailored to your needs.
  • Solutions That Meet Your Needs
Our first step is to learn about your goals and needs. We then work to build a mortgage that best matches your unique situation.
  • Get Answers Fast
Give us 15 minutes, and we'll create a customized plan that answers your questions and provides a simple path forward.

Calculate Your Payments

Before you start shopping for your new home, our team will work with you to calculate your estimated monthly payments and determine what you can comfortably afford. By understanding your budget upfront, you can confidently explore homes that fit within your financial plan.
Pre-Qualify For Your Mortgage
Get prequalified for your mortgage to understand your borrowing power and show sellers that you’re a serious buyer with financing ready to go. Prequalification gives you a clear picture of your options, helping you make informed decisions throughout the homebuying process.
Buy Your Dream Home
With financing in place, you’re ready to make an offer and secure your dream home, backed by the support of our expert mortgage team. We’ll guide you through closing, ensuring a smooth and stress-free experience as you move into your new property.
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OUR SERVICES

We offer a full suite of mortgage products to fit every goal and stage of life.

Whether buying a house, looking for new financial options, or refinancing the one you’re in, you’ll always get our amazing service commitment to you. And of course you’ll get the lowest rates, it’s what we do! That's why we are consistently rated as Victoria’s #1 Mortgage Broker.

Home
Mortgages

Whether you are a first-time home buyer or are looking to make a move, our mortgage experts can help you get the best rate possible and will guide you every step of the way.
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Mortgage
Refinancing

Need cash or looking to adjust your mortgage payments? Refinancing can help you access the equity in your home, secure a lower rate, or change terms to better fit your financial goals.
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Rental
Properties

Think owning a rental property is impossible? Think again! We are experts in helping regular people purchase their first, second, or even third rental income property.
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Self
Employed

Are you a small business owner? Our team specializes in helping self-employed individuals navigate the unique requirements and complexities of obtaining a home loan.
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Reverse
Mortgages

We provide expert guidance to help you understand how a reverse mortgage can unlock the equity in your home and provide additional financial flexibility during retirement.
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Commercial
Mortgages

Whether you’re buying, refinancing, or expanding your business. We provide expert advice to help you secure the right mortgage financing for your commercial real estate needs.
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New
Canadians

Our team offers specialized support to help new Canadians understand mortgage requirements, explore financing options, and secure the best terms for your new home.
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B-Plus
Mortgages

Have a complex lending situation? Olympic Mortgage has helped hundreds of individuals and families build a plan to get them their first approval through B+ or alternative lending.
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Olympic Mortgage Team

WHO WE ARE

When you work with Olympic Mortgage you are covered by our service promise:

We know how important your mortgage is to you, and our team at Olympic Mortgage is committed to ensuring that you receive the best possible service. Backed by over 30 years of experience in banking and financial services, our team understands the complexities of the mortgage process from every angle. Our service promise is built on this expertise, giving you real actions and personalized support that you can count on, delivered by a team that knows how to navigate your unique financial situation with precision and care.

+

Year Of Experience
  • We actually answer our phones.
  • We explain things to you in easy to understand terms.
  • We will share ALL options and only make decisions with you.
  • We will keep you well informed on when you’re approved, what documents you’ll need.
  • We keep you informed with regular updates on your application.
MEET OUR TEAM

Have questions about your mortgage options, rates, or buying a home?

You need a mortgage. We’re that smart friend in your corner, helping you every step of the way. We carefully formulate your strategy and simplify things. We put the plan into action, and take care of things from start to finish. You end up with an awesome mortgage at a super low rate. Sounds amazing, right?

The best time to refinance your mortgage depends on your individual situation and goals. Generally, it’s advantageous to refinance when interest rates have dropped significantly since you took out your original loan, or if you want to adjust the terms to better fit your financial needs. Additionally, refinancing can be beneficial if you’ve improved your credit score or increased your home’s equity. However, the optimal timing can vary for each person, so it’s important to assess your unique financial circumstances and objectives.

The primary difference between fixed and adjustable-rate mortgages lies in how their interest rates are structured. Fixed-rate mortgages offer stability with a constant interest rate throughout the life of the loan, resulting in predictable monthly payments and protection from interest rate fluctuations. In contrast, adjustable-rate mortgages (ARMs) feature interest rates that can change periodically based on market conditions. While ARMs often start with lower initial rates and payments, they carry the risk of increased payments in the future if interest rates rise. Choosing between the two depends on your financial situation, how long you plan to stay in your home, and your comfort level with potential rate fluctuations.

Yes, you can typically pay off your mortgage early, but it’s important to check your loan terms for any prepayment penalties. Many lenders allow early repayment without penalties, while others may charge fees if you pay off the loan before a certain period or pay more than a specified amount. These penalties are designed to compensate the lender for lost interest income. To avoid unexpected costs, review your mortgage agreement and consult with your lender to understand any potential penalties and determine the best strategy for early repayment.

Mortgage insurance is designed to protect the lender if you default on your loan. It’s typically required when you make a down payment of less than 20% of the home's purchase price. This insurance, often provided by the Canada Mortgage and Housing Corporation (CMHC), Genworth Financial, or Canada Guaranty, helps borrowers qualify for a mortgage with a smaller down payment by reducing the lender’s risk. The insurance premium can be added to your mortgage balance or paid upfront. If you make a down payment of 20% or more, mortgage insurance is usually not required.

More Frequently Asked Questions

NEWS & ARTICLES

We Offer a Different Perspective

Curious where we stand on the fixed vs. variable mortgage debate? Or how equity lines of credit might just be clever marketing ploys to get you to pay more in interest? In our blog, we challenge these norms and cut through the noise to give you real answers and actionable advice—no fluff, just strategies that work for you.

The Trump Effect, The Human Effect, and Cancel Culture.

I asked myself today why I write my articles. Sure, I enjoy writing, and I do get overwhelmingly good feedback. But I do have somewhat of a hidden agenda too. I want my readers (who have mortgages or are looking for a mortgage) to know that I analyze and think about economics and mortgages and […]

The US Election Issue: Is There A Cause For Concern?

The USA Goes To The Polls. Not to be overly dramatic, but today’s US election really is one of those singular events that could have a huge impact on our Canadian economy, in a variety of ways. I’ve scoured over the Globe and Mail’s long Saturday article describing how the election will effect our economy, […]

Olympic Mortgage

Do You Need To Take Action Prior To October 23rd?

Tuesday’s inflation announcement was a watershed moment for interest rates, and interest rate expectations. If you are applying for a variable mortgage, you’ll want to keep reading.  What Happened? For the first time since February 2021, inflation finally came below the BoC’s target rate of 2.00%. The inflation rate actually dived well below the BoC […]

No matter where you are in the buying process, its always the right time to setup a call with a mortgage specialist!
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At Olympic Mortage, we want the best for the people around us. We care for our clients, whomever they are, wherever they’re from. Everyone gets the best of us, because that’s what we want to be putting out to the world. So go ahead, try us.

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