logo
  • HOME
  • OUR SERVICES
    • Buying a Home
    • Equity Financing
    • Mortgage Renewals:
      Switch or Refinance
    • Second Mortgage
    • Turned Down?
  • OUR COMPANY
    • ABOUT US
    • CONTACT US
    • Mortgage Planners
    • Lenders & Associations
    • Community Involvement
    • Preferred Partners
  • YOUR LEARNING CENTRE
    • Blog
      • Dara Fahy
      • Karen Boies
      • Ralna Burridge
      • Rowan Smith
      • Shaun Zipursky
      • Wayne Mah
      • Wesley Fong
    • Audio & Video
    • Downloadable Forms
    • Calculators
    • Glossary of Terms
    • Lenders & Brokers Fees
    • Why Use a Broker?
    • Testimonials
    • FAQs
    • Links
  • CONTACT US
  • ABOUT US
  • LOGIN

  • Rates

    effective May 21, 2022

    Term Bank Rate Our Rate
    1 Year 3.79 % 3.09 %
    2 Year 4.14 % 3.39 %
    3 Year 4.49 % 3.79 %
    4 Year 5.04 % 3.99 %
    5 Year 5.39 % 3.94 %
    7 Year 5.55 % 4.44 %
    10 Year 5.80 % 4.54 %
  • Mortgage Planners

    contact now

    We encourage you to contact one of our Mortgage Planners to discuss your individual mortgage needs.
    More
  • Mortgage Application

    apply today

    Select one of our mortgage planners and click Apply Now to complete a quick and easy online mortgage application.
    Apply Now
    • You are here:
    • Home
    •  
    • Debt Servicing – What is it and How to Calculate it?
    • 28JAN
      0 Comments

      Debt Servicing – What is it and How to Calculate it?

      We get questions frequently with people trying to do debt servicing calculations for themselves using their bank’s online mortgage approval tools. While helpful, these tools are set up to be wildly conservative, and to use, in many cases, rates and guidelines that are out of date, or not a true reflection of what is available

      • Posted by Rowan Smith
      • Basic Mortgage Info
      • Income Qualifying
      More
    • 08JAN
      0 Comments

      Basement Suite Income – How To Get it Used By the Bank

      We take calls all the time from clients who want to buy a home with substantial basement suite income, but their bank is either ignoring it, or not treating it seriously. This video blog explains the difference between authorized and un-authorized suites, and how the various banks will treat that income. It also explains how

      • Posted by Rowan Smith
      • Basic Mortgage Info
      • First Time Homebuyers
      • Income Qualifying
      • Rental and Investment Properties
      • Unique or Unusual Properties
      More

    Recent Company Posts

    • 10 Reasons Why Homebuyers May Not Qualify for the Best Rates 2022-04-30T15:46:20-07:00
    • 27 Genius Garage Storage Ideas to Get Your Gear in Order 2022-04-30T15:44:59-07:00
    • More Canadians Putting Home-buying Plans on Hold 2022-04-30T15:43:05-07:00

    Rowan Smith, MBI

    rowan@citywidemortgage.ca
    T: 604-657-6775
    F: 1-888-282-5760

    Contact Info

    • 103-1245 West Broadway
      604-257-2600
    • Vancouver, BC
      1-800-774-8818
    • V6H 1G7

    cwf@citywidemortgage.ca

    Latest Tweets

    • “Bring order to your garage with storage solutions that maximize all the available space. Organize your tools, outd… t.co/6asfsvKUbjSat May 21 01:17:10 +0000 2022

    • For longer amortization periods, mortgage debt is being borrowed over a longer period of time, which results in the… t.co/UWTYP4B6GKFri May 20 04:01:05 +0000 2022

    • t.co/Z3LrY4pGODWed May 18 19:50:49 +0000 2022

    • In 2012 we created The SPIRIT Foundation in order to further assist in assisting the community needs. Throughout th… t.co/CDyw5HbJx8Wed May 18 17:50:03 +0000 2022

    • #MotivationMonday from the City Wide Team ✨ “Develop success from failures. Discouragement and failure are two of… t.co/mKxTnzc2KtMon May 16 15:04:09 +0000 2022

    • “It’s no surprise that a perfect storm made up of the rising cost of living, housing supply shortages, and increase… t.co/d8EdhD6sSvSat May 14 01:28:09 +0000 2022

    • Penalties will vary from lender to lender and will also depend on how late you are. If you know you will be late it… t.co/A51aqtIZ4aFri May 13 04:35:05 +0000 2022

    • Glossary Term: Blended Payments A method of repaying a mortgage where periodic payments of principal and interest… t.co/rgY7dgmLLpWed May 11 17:17:07 +0000 2022

    • #MotivationMonday from the City Wide Team ✨ “When you change your thoughts, remember to also change your world.” N… t.co/WcwnWhYGv6Mon May 09 15:49:07 +0000 2022

    • Happy Mother’s Day 💖 t.co/6F0nonLLH3Sun May 08 17:48:09 +0000 2022

    Proud Member of

    © 2008-2020 City Wide Financial Corporation
    City Wide Mortgage Services (E. & O. E.)
    VIEW MOBILE SITE
    Top