Purchase Mortgages
More than just a mortgage—a strategic approach to homeownership and investing
Securing the right mortgage is about more than just interest rates—it’s about making a strategic financial decision that aligns with your long-term goals. At Better Mortgage Select, we don’t just facilitate mortgage approvals; we craft solutions that position you for financial success, whether you’re purchasing your first home, moving up to your next property, or acquiring an investment property.
Our expertise in real estate investment financing allows us to offer customized mortgage strategies designed to maximize purchasing power, cash flow, and wealth-building potential. Whether you’re a homeowner seeking security or an investor looking to scale, we ensure your mortgage works for you now and in the future.
Understanding your mortgage options
In Canada, mortgage financing typically falls into two main categories:
Insured mortgage
- 5%–19.99% Down Payment
- Max Property Value: $1,000,000
- 25-Year Amortization
- Default Insurance Premium Required
Conventional mortgage
- 20%+ Down Payment (or Equity)
- No Maximum Property Value
- Up to 30-Year Amortization
- No Default Insurance
Insured mortgages: Lower entry costs, competitive rates
Advantages of insured mortgages:
Lower down payment
A great solution for buyers entering the market with limited capital.
Competitive interest rates
Lenders offer their best rates due to lower lending risk.
Easier approval process
The added security of mortgage insurance increases lender flexibility.
Conventional mortgages:
More flexibility, no insurance premiums
For those with 20% or more to put down, a conventional mortgage offers enhanced financial flexibility and savings over time.
Advantages of conventional mortgages:
- No default insurance costs: Avoid extra fees that come with insured mortgages.
- Higher purchase price flexibility: No maximum property value restrictions.
- More personalized lending criteria: Lenders assess your profile with more flexibility.
How Better Mortgage Select has helped real clients
Our tailored process ensures you’re not just pre-approved but strategically positioned for success:
Case study #1: Turning homeownership into an investment
James, a first-time homebuyer, wanted to purchase a home but also wanted to make a smart financial move. With our guidance, he secured a mortgage with an insured rate and used a portion of his savings to legally convert the basement into a rental unit. Within months, his rental income covered a significant portion of his mortgage payment, reducing his financial burden and setting him up for long-term wealth.
Case study #2: Scaling an investment portfolio
Emily, an experienced real estate investor, wanted to purchase two additional properties but was unsure of the best financing strategy. By leveraging conventional mortgage financing with an extended amortization, we helped her secure properties that produced positive cash flow while minimizing her initial capital outlay. Within a year, her rental income exceeded her mortgage payments, allowing her to reinvest and continue scaling her portfolio.
Case study #3: Helping a growing family upgrade
Mike and Sarah had outgrown their condo and were ready to purchase a larger home. With property values rising, they weren’t sure how to structure the financing. We helped them maximize the equity from their condo sale, secure a competitive mortgage rate, and find a solution that kept their payments manageable while allowing for future financial flexibility.
Why choose Better Mortgage Select?
Not all pre-approvals are created equal, and that’s where our expertise stands out.
Tailored mortgage strategies
We design mortgage solutions that align with your personal and financial goals, ensuring you make the best decision for today and the future.
Investor-focused expertise
Our deep understanding of real estate investing allows us to help both homeowners and investors optimize their financing.
Access to a broad network
of lenders
We compare multiple lender options to secure the best rates and terms for your unique situation.
Hands-on,
personalized service
We guide you through every step of the mortgage process, providing expert advice and making sure no detail is overlooked.
Move with confidence.
We structure purchase financing for growth and stability.
Your next move starts here
Buying a home—whether for yourself or as an investment—is a major financial decision. With the right mortgage, you can turn your purchase into a wealth-building opportunity. At Better Mortgage Select, we’re committed to making sure you secure a mortgage that works for you, both now and in the years to come.
“Buy land, they’re not making it anymore.” – Mark Twain
Take the next step toward your financial future. Contact Better Mortgage Select today to explore your mortgage options!