High Ratio Mortgages in Burnaby, BC

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.

Burnaby Statistics Bulletin

  • Based on the latest available information, there are 57,200 registered homeowners in Burnaby.
  • Burnaby’s top hiring sectors are accommodation and food services, health care and social assistance, professional, scientific and technical services.
  • Burnaby inc. in: 1892 is located in Southwestern British Columbia. The population of Burnaby is 233,000.
  • Employment rate: 60%.
  • An average Burnaby resident carries a consumer debt of $34,600.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Our directory provides access to trusted High Ratio Mortgage providers in Burnaby for all your borrowing needs.

Browse our list of High Ratio Mortgage companies to find the most current High Ratio Mortgage rates in Burnaby

High Ratio Mortgages are generally used for these purposes

  • purchasing a home
  • obtaining a mortgage with less than 20% downpayment
  • earning a higher return on initial equity
  • putting down less cash upfront (lower capital outlay)
  • typically lower interest as they are guaranteed by Genworth, CMHC or Canada Guaranty

to name but a few.

Different Types of Loans in burnaby

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