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.
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.
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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.
Greater Victoria has 3,710 active listings and sellers are getting nervous. That’s a great time to buy — but a terrible time to sell. So how do you upgrade or downsize without giving away equity? Keep your existing property as a rental and time the sale for the next seller’s market.
Thank g-d I didn’t have any money invested in Bitcoin, myself. Yeesh. That stuff is way too risky. It’s a long one today. In summation, I’m going to talk about the tech bubble/stock bubble, what Tiff Macklem is actually saying to us, what’s going to happen when the bubble bursts, and finally, the kicker, what […]
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