Kunal Nijhawan real estate logo
Talk to Kunal

Financing

Mortgage Guidance
for BC Buyers

Understanding your mortgage options is the foundation of a successful purchase. I can explain the landscape clearly and connect you with BC’s best mortgage professionals.

Open Calculator
Get an introduction

Why It Matters

The Right Mortgage Changes Everything

A difference of 0.25% in your mortgage rate on a $900,000 loan amounts to over $45,000 across a 25-year amortization. The rate you receive depends on your lender, broker, credit profile, and how your application is presented — and not all brokers are equal.

 

As your realtor, I can’t advise you on financial products — but I can connect you with mortgage professionals I trust, who understand Metro Vancouver’s price points and move quickly enough to keep pace with competitive offers.

Use Mortgage Calculator

Request Your Free Evaluation

Tell me about your situation and I’ll connect you with the right mortgage professional within one business day.

Fixed vs. Variable
Fixed rates offer payment certainty for your term. Variable rates fluctuate with the Bank of Canada's policy rate — historically lower, but with more risk. The right choice depends on your risk tolerance and rate outlook.
Open vs. Closed
Closed mortgages have lower rates but penalty for early repayment. Open mortgages allow repayment anytime with no penalty — useful if you expect to sell or receive a large sum within your term.
Mortgage Terms
Most Canadians choose 5-year terms, but 1, 2, 3, and 7-year terms are available. Shorter terms expose you to rate fluctuations; longer terms provide certainty but may miss rate improvements.
Prepayment Privileges
Most closed mortgages allow annual prepayments of 10–20% without penalty. Using these privileges aggressively can save tens of thousands in interest over the amortization period.