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Picking your first mortgage?

The first step is right here with the GLM Mortgage Group! Remember, the lower the mortgage rates the more you qualify for.

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.

Terms You Need To Know

Thinking of Buying a Home?

  • How much of a down payment do I need?
  • Will my mortgage be insured?
  • Should I choose a fixed or a variable rate?
  • How long will my mortgage be amortized for?

Terms You Need To Know

Thinking of Buying a Home?

  • How much of a down payment do I need?
  • Will my mortgage be insured?
  • Should I choose a fixed or a variable rate?
  • How long will my mortgage be amortized for?

First Mortgages

A mortgage is a loan that is specifically on a real estate transaction. A first mortgage shows the preference or order that the loan will be paid off first over all other liens or claims on a property in the event of default in payment or in a situation where the mortgage is being paid off. The first mortgage company has priority to receive payment in full before any other liens or mortgages are paid off. Therefore first mortgage services are usually lower risk as they will be paid in full by the proceeds of the sale of the property before any other subsequent claims or liens that are listed against the property. It is important to note that the quality of the property is also crucial in determining the risk factor in the mortgage.

Picking your first mortgage services is the key as it effects the options regarding any other lenders that may follow. Your first mortgage company may ‘handcuff’ further secondary lenders as there is a limit to who will put themselves in a position of a second mortgage on your property title. Second mortgages have a minimum 5% insurance rate as it is more of a risk.

The first step when you decide to buy your first home is to determine whether you can qualify for first mortgage services, and if so, how much of a mortgage can you qualify for based on your income. Picking the proper first mortgage company is also very important. In other words, the first step is right here with the GLM Mortgage Group! Remember, the lower the mortgage rates the more you qualify for.

Thanks to the historically low interest rates that Canadians have continued to enjoy, it is still more affordable than ever to purchase a home. Purchasing a home is the single biggest investment that most people will make in their lives so it is very important to think it through. Not only do you want to make a good investment from a real estate perspective but you also want to make sure that you don’t buy a home that results in you becoming house poor.

  • 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

Here are some real estate home financing tips that will help you to purchase and finance a home that you can afford.

Real estate home financing tips – tip number one: Review your budget. On big reason that some people find themselves house poor is purchasing a home that is at the top of their budget. Look realistically at your budget and when determining what you can afford to pay for a home, consider your future financial goals. If you currently do not have debt and so you have decent cash flow, do not take out a mortgage that puts you at your limit. This can set you up for failure. In the future if interest rates go up, and you need to finance a new vehicle or you have some other need to have to take out new debt, you could find yourself in financial trouble.

Real estate home financing tips – tip number two: Know your credit. Request your credit report from Equifax. It is really important to know what’s on your credit so that you don’t make an offer on a home only to find out that there is an issue with your credit that will prevent you from getting a mortgage.

Real estate home financing tips – tip number three: Consult a mortgage broker. Consulting with a local mortgage broker will enable you to find out all the deals being offered by the different banks and a mortgage broker can even pursue a mortgage pre-approval on your behalf so that when you go out to buy your home you have the security of knowing that: 1) you can get a mortgage 2) how much of a mortgage you qualify for 3) what will be required for you to get your mortgage.

Real estate home financing tips – tip number four: Be realistic about the cost of buying a home and budget accordingly. Outside of your down payment there will be many other expenses that come up as it relates to buying your home. These expenses include property tax hold back, property tax and interest adjustments, land transfer tax, insurance fees, legal fees, moving costs and more. Expect to have an additional $5,000-$7,000 budgeted for your closing to cover these expenses if you want to have a stress free mortgage closing.

Buying a home is a complicated process with many considerations. Keeping these real estate home financing tips in mind will help you to prepare to purchase in the smoothest manner possible and make for an enjoyable and exciting home buying experience.

Answers to your most common questions:

1) I am a first time buyer but my spouse is not, can we qualify for a 5% down mortgage again?

  • Anyone can qualify for 5% down, you do not need to be a first time buyer.

2) As a first time buyer I want to use my RRSP for down payment, but I only need $10,000 for my down payment but I need another $3,000 for closing costs, can I use my RRSP’s for that too?

  • Yes, you can use up to $20,000, it does not all have to be used toward down payment. You then have 15 years to pay it back to your RRSP.

3) Are we limited to the amount we can spend as a first time buyer?

  • Only to as much as you can afford, or your down payment can limit you to the amount you qualify for as you still require 5% down whether it be saved or given to you as a gift from family.

4) Why is using a mortgage broker better than using my bank if I am a first time buyer?

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!