Schedule Your Free Consultation

Discover How Cash Back Mortgages Can Work For you!

“Cash Back Mortgages” are a great solution for those who are looking to purchase a home and find themselves in a position where they require additional cash. You may want to furnish your new home, pay off a credit card debt, or pay off another existing loan in order to bring your total debt to within a set ratio.

This is where the Cash Back Mortgage shines. How it works is that your lender will advance you a cash lump sum when your mortgage closes. This lump sum payment will be a maximum of 3% of the mortgage amount.

Why should you choose GLM Mortgage Group?
“We Get You a Fast “YES” at the Sharpest Rate…Guaranteed”

Contact Us Now For a Free Consultation

We will call you back in no later than 90 minutes and help determine the right mortgage fit for you.

What is a Cash Back Mortgage?

Typically, this type of mortgage is used to bring debt servicing in line in order to qualify for a mortgage. For instance, in the past we have seen borrowers use the cash back to pay off a credit card in order to bring their debt service in line with the recommended ratio. Paying off a credit card or other form of debt is the most common use for this mortgage product, however the cash back sum can be used for anything essentially.

When does this mortgage make sense?

  1. If you are struggling to pay for costs associated with a home’s purchase such as closing costs, legal fees and land transfer tax.
  2. If you are “income strong” (high earning income) but have a higher level of debt and can utilize it to pay down high interest debt.
  3. To supplement for renovations or furnishing costs with the home.
  4. To invest or put into your savings account to assist with monthly costs of home-ownership.

One important thing to note before applying for this type of mortgage is that the applicant must be applying with less than 20% down payment. This makes this mortgage type a High Ratio/Insurable Mortgage, meaning there is a higher interest rate associated with it. In our experience, the higher interest rate is approximately 0.5% above that of a standard interest rate. And, those with less than 20% down payment are subject to a mortgage default insurance premium.

  • Exceeded Our Expectations

    Our son-in-law and his wife recommended your company to us. We are so thankful that they suggested your…
    Vancouver Mortgage Broker Company to us. The content of information that you provided to us for our refinance was absolutely fantastic, couldn’t have been handled any better. We had a couple of glitches that came up but Wrenetta took care of them immediately and brought our stress level back down. I don’t think we have ever had such a smooth flowing experience in attaining a new mortgage. This experience exceeded our expectations. Paul & I are extremely overjoyed and blessed to have worked with this company and especially Wrenetta Sinclair. Wrenetta dealt with every problem immediately and every time I emailed her, I had a response with minutes. We highly recommend Geoff Lee and GLM MORTGAGE GROUP to anyone looking for finance/refinance. Thank you so very much.

    Paul & Betty Makarenko, Beeton Ontario

  • Beat Banks Rate Hands Down

    Geoff was awesome from the get go. Always answered any questions I had regarding the entire process whether… that was by email or phone. My mortgage was approved relatively easily and with a great rate. This mortgage broker beat my banks rate hands down. Thanks again Geoff and GLM. Would definitely use you guys again.

    Greg Wallace, Langley, BC

  • Geoff Knows What He Is Doing

    Geoff knows what he is doing! I met Geoff earlier this year and I have been extremely impressed with…
    his professionalism and dedication to his clients as a mortgage broker. If getting approved by the bank is challenging for you, Geoff can teach you what you need to do to get approved. He’s not about the sale, but helping people understand their options and teaching them what they need to do. If you like to get things done quick and painlessly Geoff at GLM Mortgage Group is your man!

    Rob Torrance, Langley BC

Lenders will also have different policies regarding the return of cash back rebates. It is important to understand the guidelines of the lender if you are considering this type of mortgage. It should be noted too that in the event that you break your mortgage term early (7/10 Canadians do), you will need to pay back a portion (or all) of your cash back rebate to the lender in addition to the penalty to break your mortgage early. The same consideration will apply if you opt to refinance your mortgage before the term is completed.

There are many fantastic Tier 1 “A Lenders” that we work with here at GLM Mortgage Group who are able to offer our clients Cash Back Mortgages, at the sharpest rate! Contact us today to learn more about a Cash Back Mortgage or you can apply now in minutes with our mortgage application. We are looking forward to helping you reach your dream of home-ownership!

What is the GLM Mortgage Group?

GLM Mortgage Group, powered by Dominion Lending Centres, is your Vancouver and Lower Mainland Mortgage Brokerage service. We are always ready to move forward with you to obtain the mortgage you need with the sharpest mortgage rate available. Whether it’s a fixed rate or variable rate mortgage you are after, we are dedicated to finding the best mortgage rates in Vancouver, including Home Loans, Consolidation Loans, Lines of Credit and more. No matter what you need, our team of Mortgage Specialists will follow through to find the best mortgage product that fits your individual circumstances. Our free online mortgage calculator keeps you informed on how much your mortgage payment will be as well as show how different mortgage rates will affect the mortgage you require.As your Vancouver mortgage broker, GLM Mortgage is committed to clear communication with our clients. We make sure you are informed on all the mortgage options available to you. We call you back within 90 minutes to make sure that you have the fastest service available.

We are not only available in Vancouver and the Lower Mainland, we are also available across Canada.GLM Mortgage Group is your Vancouver mortgage specialist. With over 22 years of experience in the investment industry we know how to wade through the challenging process of getting a mortgage. We provide smarter options to putting your mortgage in place. We know how important it is to have an experienced professional Mortgage Specialist available to walk through your mortgage experience and stay with you through to the very end.We get you a fast “YES” at the sharpest rate… guaranteed! Call us now so that you can get that mortgage you’ve been waiting for. We already have been working for you, making sure that you will have every option of a mortgage available to you. GLM Mortgage Group is on call for you!

Tools & Resources for Success!

Good Credit



GLM will help you to obtain and maintain good credit, which is critical for obtaining a mortgage. Our free Guide to Obtaining Good Credit outlines the steps required to quickly improve your credit.

Mortgage Calculator



When searching for a home, the first step is to determine what you can comfortably afford. Our free, easy-to-use mortgage calculator will help you determine the amount of your mortgage payments.

Mortgage Rates



GLM Mortgage Group always posts the best rates available anywhere. Our mortgage brokers have access to dozens of lenders, we’re able to find the best mortgage product and rate to match your unique needs.


 We work with you taking on even the most challenging cases turning a NO into a YES!