Renovation Refinance Mortgage

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Paul - Victoria BC

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!

Ally - Victoria BC

I had an excellent experience getting my mortgage through Andrew Libera at Victoria’s Best Mortgage. Andrew very quickly understood my particular circumstances (whew), and therefore he was able to identify the best mortgage plan for me. Then he found the lender and made it happen!
This translates into excellent long term planning for me. I feel as though I can breathe financially. Plus I know I got the best rate. He did exactly what he said he would do, & was always quick to answer my emails and phone calls. He helped me through what could have been a very stressful time, and instead he made it a smooth and straight forward process. Andrew is very knowledgeable and professional. He told me exactly what to expect. He is very easy to speak with, and a good listener. I feel very comfortable giving him a 5 star review. i would recommend him to anyone shopping for a mortgage.

Kris - Victoria BC

Thanks Andrew! Really puts clients first and works hard finding the best product. Very friendly and professional. Best broker in Victoria!

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Call Us Today!  250.483.5558

Call Us Today! 250.483.5558

Renovation Refinance Mortgages
(...what you need to know)

Your Mortgage Pre-Approval

​​Many times, the house of your dreams is the one you’re already living in. Maybe it just needs an updated kitchen, some money saving windows, or a new roof. Or maybe that old basement can be converted into an income suite. Record numbers of Canadians have taken advantage of these historic low mortgage rates and have tapped into their home equity in order to add value to their biggest asset.

There’s never been a better time to take your home to the next level. Consider refinancing to access the cash you need for the renovations and improvements you’ve been dreaming about. Give us a call today.

How ​​​​It Works:

How It Works:

Step 1: Your Unique Situation

We take the time to understand your unique refinancing plans. Will your planned renovation add significant value to your home? Or will it add an income component? Or maybe you just want to cash out some equity for an investment or other personal plans. There are as many reasons as there are people. And there are great mortgage products to match those needs.

Our initial consultation is all about you. We can meet in person or schedule a short phone call. We know the questions to ask to get the heart of your pre-approval requirements quickly. Will this home be your primary residence? Will there be rental income from a suite? Or will this property be an investment rental property? Each home purchase and pre-approval situation is unique. We take the time to understand what your immediate and long term goals are so that you are purchasing with confidence.
Step 1: Your Mortgage Needs

Step 2: Debt Service Calculation

We make it easy to understand what you can afford to borrow. You’ll provide us your income documents, whether you are salaried, self-employed, commissioned sales, or on a fixed income. Once we understand your income picture we will order an appraisal and start to look at rates and mortgage options.

Step 3: Get Your Funds Fast

Unlike a purchase with a critical closing date refinancing often happens on an arbitrary timeline. But to you the timing is just as critical. Whether you are planning to be in full renovation mode or traveling the world on a dream vacation, or somewhere in between, you’ll want your funds fast. We help you streamline the entire process and can often expedite the application upon request.

Step 3: Your Pre-Approval
Once you have your pre-approval you can search for your new home with confidence. You’ll know the type of property, the price range and whether there must be an income suite. As the property is the asset that is securing the financing, the property itself plays a very large role in the final approval. In general you will want a thorough home inspection, and the lender may need a full appraisal of the property in order to meet the final mortgage approval criteria.
Get Us Working For You!

Call Us Today!  250.483.5558

Call Us Today! 250.483.5558

Victoria Mortgage News and Information

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Get Us Working For You!

Call Us Today!  250.483.5558

Call Us Today! 250.483.5558