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* Its easy. No fine print. If you are a Canadian resident, just fill out an application, complete your pre-approval with us and each applicant will receive a USD $500 Hotel Savings Card

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5/5

Tiff M.

Andrew helped my husband and I purchase our first home! He was very attentive and great at explaining our options and helped us get a great rate. We had a lot of questions and he always responded quickly and thoroughly. I definitely recommend the team at Victoria’s Best Mortgage and will be using them in the future! Thanks again, Andrew!
5/5

Paul T.

I had a superb experience in dealing with Andrew Libera he is a true professional, very knowledgeable, relaxed, honest, courteous, great listener/adviser, prompt at returning calls/e-mails he’s got everything you’re looking when trying to find a Great Mortgage Broker! I would be happy to recommend him to any family member or friend of mine without hesitation. Look no further you’ve found your Broker!
5/5

Kevin H.

Andrew provided top notch service. We were first home buyers and he went above and beyond the call to explain and make sure everything was crystal clear and easily understood. The myriad of forms and requests were handled quickly and courteously, more than once coming to our home in person to pick up or deliver documents. We wouldn’t hesitate to recommend Andrew to anyone searching for personal service with a very approachable and knowledgeable background. We literally wouldn’t have gotten our new home without him.

MORTGAGE BROKER in VICTORIA BC

Andrew Libera | Founder VictoriasBestMortgage.com

Your Best Local Mortgage Options

Your Local Victoria Mortgage Brokers

Is it Better to Get a Mortgage from a Bank or a Broker?

Answer: Getting Your mortgage with the right lender can save You Tens of Thousands of Dollars, and a lot of stress. A mortgage broker can match you with the right lender for your specific situation. How does that benefit you?

So if you are looking for a low-rate flexible home loan, we are your local home finance experts – your 5 Star Mortgage Broker in Victoria BC. Don’t settle for the limited offerings of a single financial institution; a bank, credit union or other lender. We are specialists dedicated to matching you with the ideal home mortgage product, with the best rate, and greatest pre-payment flexibility. Low rates can be deceiving if the mortgage offers no flexibility and can result in high penalties. Beware of low rates without understanding all the terms in the fine print.

Complete Your Application from Work or Home

Whether you are a first-time home buyer here in Victoria, buying your next home, or purchasing an income property we have the right home purchase financing solution. You are unique and deserve a personalized solution beyond the basic 5 year rate offerings. We also provide to refinancing solutions to create a purchase down payment or for debt consolidation of existing high interest loans.

As part of Mortgage Alliance we have direct access to high quality lenders’ mortgage products. Whether it is negotiating for the lowest rate, ensuring pre-payment flexibility, or planning for the future growth of your investment property portfolio, you can relax while we get to work and take care of everything. Not all mortgage are the same so you may want to discuss options to cut years off your mortgage repayment.

Lock in Your Best Rate Today

We’re your mortgage brokers, so if you have any questions you can contact us directly via email or by phone at 250-483-5558. Call us today to make an appointment for a private consultation in our office. Our expert advice will surely be of great help in finding you the right mortgage that offers true value for your money.

British Columbia Mortgage News & Trends

OSFI to Re-Examine Stress-Test Policy

According to the Canadian Mortgage Brokers Association BC, the Office of the Superintendent of Financial Institutions (OSFI) restarted its consultation on the minimum qualifying rate for uninsured mortgages and re-emphasized the importance of sound mortgage underwriting. The new proposal for the qualifying rate for uninsured mortgages is the higher of the mortgage contract rate plus

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Bank of Canada Policy Rate Announcement – March 2021

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing. The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank

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Bank of Canada to maintain current level rate policy

Bank of Canada will keep present level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program The Bank of Canada today maintained the target of its for the overnight price on the highly effective lower bound of ¼ %, with the Bank Rate at ½ % along with the deposit rate

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2020 Thoughts on Fixed vs Variable

Fixed or adjustable – it is the ongoing mortgage product decision many mortgage buyers are faced with. And it has only been made more complex since the beginning of the pandemic. Towards the second half of 2019, variable rates have been the most obvious and popular choice. But a great deal has changed since then.

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Affordability and Alternative Lending Options Part 1

Motions within the rental market are excellent signs of the state of housing affordability. When folks cannot find the money to purchase, they rent, and also when there is an influx of renters in a field with constrained housing supply, landlords are in a position to demand more. In Victoria we’re seeing increasingly low residential

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Mortgage Stress Test Rate Drops to 4.79%

The Canadian national mortgage benchmark qualifying rate, or stress-test rate, has dropped for the second time in the past three months after 5-year fixed posted rate cuts by Canada’s major banks. The qualifying rate is now 4.79%, down from 4.94%. The current benchmark rate of 4.79% is just 0.15% above the all-time 2017 low of

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