On the east side of Vancouver, you’ll find Burnaby which is considered the third largest city in the province. With such a sizeable population, the city has high density residential areas as it is today, and continues to develop new properties. Due to the existing residential density, a high living cost is already prevalent in Vancouver. As living costs continue to rise, mortgages have become increasingly essential in terms of keeping homes affordable, however even a 20% downpayment is now a considerable sum of cash which is not always practical. However, the good news is that by securing a reliable mortgage provider and a compatible high ratio mortgage, you can avoid the 20% downpayment and instead opt for a mortgage insurance instead. High ratio mortgages have made homes affordable for countless individuals.
The amount time and work needed to find a provider and high ratio mortgage that you’ll be able to commit to over the long term can be challenging but through Smarter Loans,
you’ll be able to do it efficiently and all over the internet. Instead of the traditional mortgage application that involves paper and extensive wait times, you can instead access our online directory that includes a list of reputable providers that have proven themselves over years, helping countless other successfully obtain high ratio mortgages.
The directory can provide you with the essential information you need, making the search for a high ratio mortgage as simple as identifying your desired high ratio mortgage, then clicking “Apply Now” to proceed to the approval application. After answering a few basic questions, you’ll be approved and processed for your high ratio mortgage. On the other hand, pre-apply with Smarter Loans and we’ll take care of finding a provider we think is most suitable for you based on your unique specifications.