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Find Out If A Variable Mortgage Is The Right Fit For You:

    • Can increase monthly cash flow
    • Always a lower rate than fixed mortgage
    • Freedom to convert to fixed rate

Why should you choose GLM Mortgage Group?

We Get You a Fast “YES” at the Sharpest Rate…Guaranteed

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

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Private & Alternative Lending

What Can be Done When the Banks say “NO”

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  • How much of a down payment you will need
  • What your ideal term length should be
  • What kind of interest rates you will pay
  • What kind of fees are associated with a private mortgage
  • What documents you will need for the process
  • What kind of conditions your private mortgage will have
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What Is a Variable Rate Mortgage?

When it comes to buying a home, choosing what type of mortgage to apply for can be confusing and sometimes difficult. There are many different types of lenders, banks, and mortgage brokers who will be able to provide you with a loan. You will also need to consider what type of loan you will be applying for as well as the length of the term of the loan. It is always a good idea to look ahead and start this part of the process early on. You should gather all of your financial information and look it over before making a choice of what to do.

The two main types of mortgage loans that are available are a fixed rate mortgage and a floating rate mortgage which is also referred to as a variable rate mortgage. Fixed rate mortgages guarantee that you will be paying the same amount each month for the entirety of your loan period. This is completed by locking in a certain interest rate throughout the length of the loan. A floating rate loan, also known as a variable or adjustable rate loan does not provide the guarantee that your mortgage payments will remain the same.

With a floating rate mortgage, the interest rate attached to the loan is subject to change as the economy and housing market changes. While each month you will pay the same amount towards the principle of your mortgage, the amount that you will pay in interest can fluctuate. There are a number of reasons why choosing floating interest rate loans may be the best choice for you. It has been shown that floating rate mortgages are easier to qualify for than fixed rate mortgages. For many people, choosing this type of mortgage is a necessity in order to qualify for the home they want to purchase.

Floating interest rate loans also commonly provide buyers with a lower initial interest rate than fixed rate mortgages. In some cases, these rates may be locked in for the first year of the mortgage and then subject to change after that. It is important to recognize that the interest rate of a floating rate loan can change dramatically and quickly. Often borrowers who choose a floating rate mortgage are caught off-guard when their mortgage payment drastically jumps. Professionals have started calling this “payment shock,” and for some people it makes it difficult to pay their payment for that month.

If you do decide to choose a floating rate loan, it is important that you are prepared for the possibility of a rise in your monthly payment. As long as you have set aside money in case this were to happen, the possibility of a payment change should not be too scary. It is when you are unprepared for that possibility that this type of mortgage becomes a little more precarious. Talk to a mortgage broker or other professional to discuss what your concerns may be as well as what the best option is for your specific situation.

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!

Guide to Obtaining Good Credit

GLM Mortgage Group will help you to obtain the good credit you need in order to secure yourself a mortgage. Our free Guide to Obtaining Good Credit will provide you with the steps you need to improve your credit quickly. We show you how to obtain your credit report so that you are fully aware of what needs to be improved on as well as making sure there are no errors (as many as 80% of consumers have errors on their credit reports!). It can take as little as 30 days to improve your credit score! Download our free Guide to Obtaining Good Credit.
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Use our Mortgage Calculator

In searching for the right home for you, it’s good to know how much your mortgage payments will be and what you can budget for your payments. Our easy to use calculator will show you how much of a mortgage you can afford as well as what mortgage payments to expect based on the amount of the purchase price. At GLM Mortgage Group we believe in educating our clients. We give our Clients the tools they need to be as well informed as possible. Budgets are extremely important and our calculator makes figuring out mortgage payments easy as well as the right fit for you!
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Posted Rates

Canadian banks post rates that are generally higher than what a Mortgage Broker can offer. This is because the big banks (for example, Bank of Montreal and Royal Bank of Canada) expect you to negotiate down their rates. At GLM Mortgage Group, we post the best rates available anywhere. We have over 90 Lenders that we work with which is good news for our clients. We have the leverage to negotiate the best rates out there. Remember, GLM Mortgage Group works for you! Not the bank! We will get you the fastest YES at the sharpest rate….guaranteed!
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