EQUITIS MORTGAGE GROUP SERVICES

Rates & TermOptions

Fixed Mortagage Term

Fixed rate mortgages often appeal to clients who want stability in their payments, manage a tight monthly budget, or are generally more conservative. For example, young couples with large mortgages relative to their income might be better off opting for the peace of mind that a fixed-rate brings.

02

VariableMortagage Term

A variable rate mortgage often allows the borrower to take advantage of lower rates – the interest rate is calculated on an ongoing basis at a lenders’ prime rate minus or plus a set percentage. For example, if the current prime mortgage rate is 5.5 percent, the holder of a prime minus 0.5 percent mortgage would pay a 5.00 percent variable interest rate.

OpenMORTGAGE TERM

You can make additional payments or pay off the remaining mortgage balance without any penalties. Rates are usually higher with an open mortgage term.

04

ClosedMortagage Term

There will be different prepayment privileges depending on the lender and the mortgage product. Sometimes there will be a prepayment penalty that must be factored in. In many cases though, the lender will have prepayment options or waive the penalties. Rates on a closed term will be lower that an open term.

05

Home EquityLine of Credit

There are a ton of unique home equity lines of credit options (HELOC) that are out there which you can take advantage of. With a HELOC, it secured against your property, and in most cases an open product. That means you can pay it all off without penalty.

Our MortgageServices

Pre
APPROVAL
LEARN MORE
RATES & TERMS
OPTIONS
LEARN MORE
HOME
PURCHASE
LEARN MORE
RENEWAL
+ REFINANCE
LEARN MORE
NEW TO
CANADA
LEARN MORE
SELF
EMPLOYED
LEARN MORE
CREDIT
CHALLENGED
LEARN MORE
PRIVATE
LENDING
LEARN MORE

WhyEQUITIS?

Working with us means you will have our full support right from the start and throughout the life of your mortgage and beyond!

WE ARE PROUD OF OURSTATISTICAL RESULTS

95%

Approval Rate

150

Clients Serviced on Average a Year

100

Clients
Serviced 2019

$1B

Billion in Mortgage Funding Secured Lifetime

What PeopleHave To Say

Check out what people are saying about Equitis Mortgage Group

  • Melissa Abunnadi
    Purchasing our home was made easier with the help of Okhtay! This was our first home purchase and he was incredibly professional and thorough with every aspect of his work. He explained the steps of the process, he was always quick to respond, and I felt confident he was putting 110% into us as clients. He is excellent to work with and I highly recommend him as your mortgage broker for your next real estate purchase!
    Melissa Abunnadi
  • Julien Manac'h
    Being a first time home buyer meant I was completely new to the whole mortgage process. Okhtay guided me through each step seamlessly, explaining my various options along the way, getting me the best rate, and making sure I felt informed and comfortable throughout each decision.

    Not only that; anytime I had any questions, he was a phone call away. I could not recommend Okhtay more. In fact, when my sister needed a mortgage, I made sure he was the one to do it!

    Thanks for all your help! You made a stressed, first time home buyer feel at ease. The hardest part of the whole process was walking through the front door!
    Julien Manac'h
  • Romain Penet
    I chose to deal with Okhtay when purchasing my first home after meeting with a few different mortgage brokerages. He was very easy to deal with and did a great job leading me through the process. I didn’t know anything about mortgages, but his professionalism and knowledge made me feel very confident with my investment. I am very happy with the service he provided and have since recommended them to all of my friends and extended family.
    Romain Penet
  • Daniel Margarit
    My experience working with Okhtay was great. I was a first-time home buyer and he was unbelievably helpful. Okhtay made the mortgage process feel so much less-stressful and he took care of so many details and factors that I wasn’t even aware of. His expertise and experience in mortgages helped me learn so much, but also he helped me secure the best options and products for my purchase. I would highly recommend Okhtay as Vancouver’s top mortgage specialist.
    Daniel Margarit
  • Nitesh Verma
    Working with Okhtay was a stress free experience. He was great at educating me with the process and making it as seamless as possible. Being able to find me better then standard interest rates was a great bonus to the already amazing service I received.
    Nitesh Verma

Latest News& Articles

Check out our selection of mortgage related news and articles.

October 9, 2019

Real Estate Price Growth Looks Absurd When Compared To Bubbly US Cities

Canadian real estate prices have been distorted by a massive overextension of credit. Just how bad has it become? The view is always tricky from inside the bubble, so let’s compare them to our neighbors down south.
September 11, 2019

Canadian Real Estate Price Growth Looks Absurd When Compared To Bubbly US Cities

Canadian real estate prices have been distorted by a massive overextension of credit. Just how bad has it become? The view is always tricky from inside the bubble, so let’s compare them to our neighbors down south.
September 11, 2019

Political Unrest in Hong Kong is Bad News for Vancouver Millennials

With political upheaval in Hong Kong, which has seen millions take to the streets to protest an extradition law with Mainland China, speculation is rampant that a rush of new residents will make their way to Vancouver.

Book Your
Consultation
Today

Let us work for you and do all the heavy lifting. All you have to do is let us know what your goals and preferences are!

    call to book your consultation