Kamloops Home Mortgages & Commercial Financing

Finding your best MORTGAGE is our business!

We are an independently owned and operated finance brokerage located in Kamloops, BC with experienced professionals ready to provide financing and mortgages for your commercial and residential needs. We specialize in competitive funding for all mortgage and business needs, from property finance and development, to working capital solutions and invoice factoring. We can help you save time and money!  Inquire today!

Todays Rates as low as: 2.15%* Term Bava Bank Posted 3 yr. 3.49 4.75 5 yr. 4.09 6.10 7 yr. 4.99 7.05 10 yr. 5.35 7.35 Variable Rate:  2.15% Prime Rate: 2.75% * oac.  rates are subject to change without notice. call for details. Last Update: July 21, 2010

                          

                     Meet our team by clicking here.

Commercial Revenue/Rental Properties Business Premises New Home Sub-Divisions Industrial/Commercial Properties Hotels/Motels Debt Restructuring Retirement Homes  Apply Here >

Residential First Time Home Buyers Self-Employed Challenged Credit Debt Consolidation Equity Mortgages Mortgage Renewals Construction & Resort Homes  Apply Here >

Come and see us first for a FREE no obligation consultation or apply online.

 

TOP REASONS TO USE A MORTGAGE BROKER

• Save Money - we make sure you get the BEST available rate. We will quote you the best rates up front, not posted rates!
  
• Save Time - we do the shopping for you while you continue your daily activities. No need to go from one appointment to another.
  
• No Service Charges
  
• Free, NO OBLIGATION, Consultations
  
• Personalized Service - our team of knowledgeable licensed mortgage specialists will work with you and provide unbiased, expert advice to help you achieve your mortgage goals.
  
• We work for YOU, not the bank - we look after your best interests and guarantee the best and friendliest service in a timely manner.
  
• Rate Holds - for up to 120 days.  If the rates decrease, you get the best rate!
  
• Reputable Lenders - we only deal with well known financial institutions.

Everyone is entitled to a second opinion! Just because you may be dealing with your bank, doesn't mean you can't inquire with a mortgage broker to see if you are getting the BEST mortgage that suits YOUR needs.

You've got nothing to lose! CALL TODAY!

Mortgage FAQ's

How Do I Benefit From Using A Bava Financial Mortgage Broker?

Financial institutions sell only their own products to the public through their own sales force.  Because of this, they are not able to provide unbiased advice or a wide assortment of financing options since by doing so they risk losing your mortgage to a company whose product may provide more value to you. Bava Financial on the other hand, can get you a variety of mortgage products and services as we deal with a wide assortment of lenders from all across Canada.  Because of this we can be totally objective in our recommendations to you.

Here at Bava Financial we also negotiate on your behalf, structuring deals to meet the criteria of the lenders, and therefore getting you a mortgage solution that works for you.

Bava Financial simplifies and speeds up your mortgage application process.  For example, when you deal directly with a financial institution and your mortgage is declined, for whatever reason, you must begin the application procedure all over again with another lender. When you deal with Bava Financial the application can quickly be passed on to another lender, or several other lenders, to be considered.  Here at Bava Financial we work to turn your financial dreams into a reality.

What Fees Are Charged By A Mortgage Broker?

The vast majority of mortgage clients do not pay a fee for the services of a mortgage broker.  This allows a broker to seek the mortgage rate and product that best suits the needs of the client and, in almost all cases, at no cost to the client.

In situations where traditional lenders will not approve a mortgage because of poor credit, and where the application must be placed with a private or non-traditional lender, a brokerage fee may be charged to the client. This cost must always be disclosed to the client up front and must be authorized in writing by the client before it can be charged.

Is My Application Secure Online?

Bava Financial keeps all of you private personal and financial information confidential and secure.  This information is not sent to any lenders or third parties until we have your express consent.

What Is A Pre-Approval?

A pre-approved mortgage provides an interest rate guarantee from a lender for a specified period of time (usually 60 to 120 days) and for a set amount of money. The pre-approval is calculated based on information provided by you and is generally subject to certain conditions being met before the mortgage is finalized. Conditions would usually be things like 'written employment and income confirmation' and 'down payment from your own resources', for example.

What Is A Home Inspection?

A home inspection is a visual examination of the property to determine the overall condition of the home. In the process, the inspector should be checking all major components (roofs, ceilings, walls, floors, foundations, crawl spaces, attics, retaining walls, etc.) and systems (electrical, heating, plumbing, drainage, exterior weather proofing, etc.).  A written, detailed home inspection prior to purchase may indicate that the home needs major structural repairs which can be factored into your buying decision. A home inspection helps remove a number of variables and increases the likelihood of a successful buy.

What is a conventional mortgage?

A conventional mortgage is usually one where the down payment is equal to 20% or more of the purchase price, a loan to value (LTV) of or less than 80%, and does not normally require mortgage loan insurance.

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