Business Details
28 Years
experience
Your Trusted Mortgage Brokers in Victoria, BC
Select Mortgage has been serving British Columbia since 2004, with deep roots in the mortgage industry dating back to the 1980s. As a locally owned and operated business, our team is deeply embedded in the community, offering specialized expertise focused exclusively on mortgage solutions. Our brokers are licensed professionals regulated by the British Columbia Financial Services Authority (BCFSA), ensuring ongoing education and adherence to strict industry standards.With nearly one-third of BC mortgage borrowers now choosing brokers, our client-centric approach and extensive lender network provide unparalleled access to competitive rates and tailored financing options. We prioritize transparency, eliminating hidden fees and focusing solely on mortgage services to deliver informed guidance through Canada's evolving mortgage landscape.
Services
Residential Mortgages
First-Time Buyers
Refinancing
Renovation Mortgages
Self-Employed Mortgages
Private Mortgages
Reverse Mortgages
Commercial Mortgages
Mortgage Renewals
Credit Repair Guidance
Details
- Year established: 1998
Highlights and features
- We specialize exclusively in mortgage solutions with 25+ years of local expertise
- Our brokers are licensed and regulated by the British Columbia Financial Services Authority
- We access 50+ lending partners to find your best mortgage rate
- No hidden fees - our compensation comes directly from lenders
- Proven track record serving Vancouver Island and Lower Mainland communities
Associations and certifications
- BCFSA
Services
Residential Mortgages
We specialize in residential mortgage solutions tailored to individual needs. Our brokers access 50+ lenders to secure competitive rates for primary residences, investment properties, and vacation homes. With expertise in conventional, high-ratio, and insured mortgages, we guide clients through purchase, renewal, or refinancing processes while ensuring compliance with regulatory requirements and market conditions.
First-Time Buyers
Our dedicated first-time homebuyer program provides comprehensive guidance through every step of the purchase process. We explain mortgage options, down payment assistance programs, and tax credits while helping clients build credit profiles. Our brokers explain RRSP withdrawal programs, property transfer tax exemptions, and FHSA accounts to maximize savings for new homeowners in British Columbia.
Refinancing
We help homeowners optimize their mortgage structure through strategic refinancing. Our experts analyze current rates versus contractual penalties to determine optimal timing. We facilitate cash-out refinancing for renovations or debt consolidation while ensuring clients understand implications for property tax adjustments, insurance requirements, and potential lender switching considerations.
Renovation Mortgages
Our renovation mortgage programs combine purchase financing with improvement funds. We coordinate purchase-plus-improvement mortgages that include budgeted renovation costs, requiring licensed contractor quotes. For existing homeowners, we structure refinance solutions that release funds after completion of approved renovations, ensuring compliance with building codes and lender requirements for property value enhancement.
Private Mortgages
We provide private mortgage solutions for clients with non-traditional circumstances. Our brokers connect borrowers with private lenders for situations requiring flexible income verification, unique property types, or credit challenges. While carrying higher rates than conventional loans, these short-term solutions help clients establish track records to transition back to traditional financing within 12-24 months through our network of private lending partners.
Questions
How are Select Mortgage brokers compensated?
Our brokers receive payment from mortgage lenders in most cases, with no direct fees to clients. Private or commercial financing arrangements may involve disclosed fees with client consent.
What mortgage options exist for first-time homebuyers?
We offer specialized programs including RRSP withdrawal guidance, FHSA accounts, property transfer tax exemptions, and insured mortgage options with down payments as low as 5%.
Can I refinance with bad credit?
We help clients rebuild credit profiles while exploring refinance options. Private mortgage solutions may be available during credit recovery, with plans to transition to traditional lenders after 12-24 months.
Do you offer renovation financing?
Yes, we provide purchase-plus-improvement mortgages and refinance options that include renovation funds, requiring licensed contractor quotes and post-completion inspections.
How does separation/divorce affect mortgage qualification?
We help clients navigate post-divorce financing, using spousal support documentation when applicable and working with family law requirements to qualify for new mortgages after separation agreements are established.
What documentation is required for self-employed borrowers?
We assist self-employed clients with alternative income verification methods, including corporate financial statements, notices of assessment, and business banking documentation to meet lender requirements.
