As a move-up home buyer, your first move should be to look into your mortgage options.
Our commercial specialists build complex funding for projects utilizing strong relationships in the commercial lending community.
When your current mortgage term reaches its maturity date, you'll need to renew the outstanding balance for another term. This is a process you'll likely do a number of times until you pay off your mortgage in full.
If you are self-employed, you may not fit in all the neat boxes at the bank. At Pilot we don't have boxes, we have financial solutions.
Take advantage of your home equity today with mortgage refinancing.
Get off on the right foot in your home buying journey with an experienced first time home buyers mortgage broker.
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PILOT is Vancouver’s trusted resource for mortgage financing. Our well-proven process enables us to close loans in a timely fashion, keeping our customers informed while delivering a quick turnaround time. Our team of mortgage brokers are experienced, well trained, and continuously updating their knowledge and skills.
An experienced financial planner, lender and now mortgage broker, Damon Steele prides himself on applying a holistic approach to financing, drawing on the insights he has gained about the industry and his clients’ needs.
Whether for clients looking to purchase their first home, planning for a new family or eyeing a sabbatical years down the road, Damon has repeatedly demonstrated a knack for understanding unique personal situations, seeing the big picture and engaging in careful problem-solving.
His commitment to customer service is backed by his values of communication, transparency and education. Outside of his mortgage work, Damon is a real estate investor and also serves as a board member for a Vancouver-based non-profit focused on music and the arts.
Tyler Wilson is one of the partners here at Pilot Mortgage and has been helping Canadians achieve their dream of home ownership for the last 11 years. Tyler and Pilot have brokered over a billion dollars in mortgages and in 2018 Tyler was recognized by Canadian Mortgage Professionals as one of the top Mortgage Brokers in Canada under 35.
With a young family of his own, Tyler recognizes the importance of owning a home to call your own. With the Vancouver housing market becoming one of the hottest in the world, the goal of home ownership has been made out by the media to be unattainable. Through getting to know his clients long term plans and real estate goals, Tyler has assisted many young families through the property ladder over the years. He understands that the financing process can be stressful and through education, is able to not only remove the fear of the unknown but ensure that his clients get the right mortgage, every time.
With a wealth of experience and over 1 Billion Funded, Tyler and Pilot have become the go to Mortgage Brokers within Vancouver no matter how difficult the challenge.
Rob moved into the mortgage industry during a crossroads in his banking career, and he’s thoroughly enjoyed every moment of the last 18 years.
After starting his career in Financial Planning with Scotiabank, he moved on to be Manager of the BC Mortgage Underwriting Centre, then into a business development position, working directly with the top mortgage brokers in the Lower Mainland.With Pilot Mortgage, Rob specializes in financing residential real estate, both for home ownership and for investment.
He loves helping clients realize their dreams, whether it’s accomplishing a long-standing goal of owning a home or helping them through a difficult financial situation. He forms partnerships with his clients to help them navigate their numerous mortgage options, so they have a full and complete understanding when making their final decision.
Whether he’s watching one of his 3 children excel at their activities, or coaching his eldest son’s hockey team, Rob sees the importance of working as a team to reach a common goal.
The main difference is a bank mortgage officer represents only the products their institution offers, while a mortgage broker is an intermediary who works with multiple lenders and is paid a referral fee by the lenders.
When interest rates are historically low, like they are now, a mortgage makes good financial sense. Not surprisingly, the vast majority of mortgages originated today are fixed-rate. In fact, only about 3% of buyers are choosing adjustable-rate loans.
That said, while a fixed-rate mortgage is the best choice for the majority of homebuyers, there are some circumstances where an ARM may be better. For example, if you expect to sell the house before the fixed-interest period ends and the rate starts to float, an ARM could end up saving you thousands of dollars. Or, during periods of falling interest rates, an ARM can allow you to get a low initial rate, and will save you money later if rates drop further.
A pre-qualification is a basic review of your finances to determine if you would qualify for a mortgage. In general, a pre-qualification is based on unverified information you provide and does not include a credit check or any documentation, and is therefore not a firm guarantee of a loan.
A pre-approval can be a highly useful tool in the home buying process. It's essentially the same thing as applying for a mortgage, just without a specific home attached to it. As part of a pre-approval, a lender will check your credit, verify your income and employment, and commit to lending a certain amount of money. A pre-approval can show sellers that you're serious about buying a home, and that you're likely to be able to follow through on a bid, and close on their property.