Residential Mortgages in Burnaby, BC

Incorporated in 1892 and only achieving city status in 1992, Burnaby is a city in British Columbia, Canada with an exciting history and the third largest population in the province. For most people in mainly such populated cities, it’s a common misconception that financial help isn’t needed when renovating or purchasing a new home. This is far from the truth and is the reason residential mortgages exist, to make home ownership affordable. It does so by spreading the cost of the lease over an agreed upon many years, and in case of an emergency, the loan is secured by the property purchased. The only catch is that you do have to get approved first, which is easy or difficult depending on a few factors. Namely your loan to value ratio, credit history, and overall financial health.

Smarter Loans is a loan directory, and our mission is to help you get approved for the lease you need to finance your home.

Below you will find many of the trusted lenders in Burnaby, and other relevant information such as repayment terms, duration of the loan and also customer reviews. After comparing the companies and deciding the firm you like, click “Apply Now” to finish a short online application. If approved, within a few days you can expect the finances but if any concerns arise in regards to your financial health, don’t fret as some companies can still help you.

The final option you have is to “Pre-Apply” with Smarter Loans, and we will find and connect you to the home mortgage provider in Burnaby that is right for you.

Burnaby Statistics Bulletin

  • Burnaby’s major employment sectors are accommodation and food services, professional, scientific and technical services, health care and social assistance.
  • Burnaby, incorporated in 1892, is positioned in Southwestern British Columbia. The latest estimates put Burnaby’s population at 233,000.
  • Based on the most recent stats, an average resident of Burnaby earns $42,000 per month.
  • Employment rate: 60%.
  • Average Household Income is $81,700.
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 loans marketplace is your one stop shop for finding trustworthy Residential Mortgage providers in Burnaby for your specific financial needs.

See our pool of Residential Mortgage companies to get the most current Residential Mortgage rates in Burnaby

Residential Mortgages are mostly utilized for the following purposes (including but not limited to)

  • purchase a new home in Canada
  • purchase a house
  • purchase a detached or semi-detached house
  • get a mortgage as a first time homebuyer
  • start or grow a family in a new home
  • buy a new home with a pre-approved mortgage

Different Types of Loans in burnaby

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