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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!

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

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:

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.

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.


Victoria Mortgage News and Information

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 %

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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

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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

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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

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Canadian & U.S. Central Banks Respond to Covid-19

On Friday afternoon March 13, 2020, Canadian policymakers from the Department of Finance, the Bank of Canada and the Office of the Superintendent of Financial Institutions (OSFI) announced a coordinated response to alleviate economic stress caused by the COVID-19 pandemic. The emergency measures, which are intended to ensure that the

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* Limit one $500 voucher per person. Application must be complete and you must have a pre-approval consultation.