High Ratio Mortgages in BC

British Columbia is home to a quickly growing and expanding film industry that’s led to the province now being nicknamed “Hollywood North”. The quantity and quality of films that are produced in BC continue to attract people from all walks of life. Due to this phenomenon, the demand for high ratio mortgages is greater than ever. If you are confused to what a high ratio mortgage is, it is a mortgage that doesn’t require a downpayment of at least 20%. This makes purchasing a home much more feasible for a greater number of people, especially the demographic of young professionals. In return for greater risk from the banks, it is required of the applicant to obtain mortgage insurance. If a high ratio mortgage sounds ideal for you, Smarter Loans has experience helping countless other individuals secure their high ratio mortgages.

Rather than desperately searching for a high ratio mortgage on your own, we’ve made the process incredibly simple.

Through Smarter Loans, you can reference an online directory that includes the terms, rates and offers for all of the most qualified high ratio mortgages in BC for you to view. When searching for high ratio mortgage, you’ll be able to do so efficiently with the help of Smarter Loans.

With Smarter Loans, simply choose a high ratio mortgage that is aligned with what you are looking for. Then by clicking “Apply Now” next to a provider of your choice, you’ll just need to answer a brief questionnaire, and then you’ll be able to get approved and processed for the high ratio mortgage that you desire. On the other hand, if you’d prefer you can also pre-apply with Smarter Loans and we will find the right high ratio mortgage that we deem best fit for your goals.

British Columbia Fact Sheet

  • The educational interests of British Columbia population lie first of all in personal, protective and transportation services, social and behavioural sciences and law, humanities.
  • An average inhabitant of British Columbia carries a burden of consumer debt of $24,200.
  • As per the latest independent research, an average employment income per month in British Columbia amounted to $43,300
  • As per the most recent stats, an average rate per hour in British Columbia is at $30.
  • Employment rate is 60%.
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 platform connects you with appropriate High Ratio Mortgage providers in British Columbia for all your specific financial requirements.

Browse our list of High Ratio Mortgage companies to discover the most competitive High Ratio Mortgage rates in British Columbia.

High Ratio Mortgages are frequently utilized for

  • purchasing a home
  • obtaining a mortgage with less than 20% downpayment
  • deploying saved cash into better asset classes to earn higher returns
  • earning a higher return on initial equity
  • typically lower interest as they are guaranteed by Genworth, CMHC or Canada Guaranty

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