We're redefining the standards of financial empowerment in the mortgage industry

At BNQ Financial, we specialize in finding tailored residential and commercial mortgage solutions that empower individuals and businesses to achieve their dreams of property ownership and investment success. Whether you're a first-time homebuyer, a seasoned investor, or a business looking to expand your property portfolio, we're here to guide you every step of the way. Our commitment extends to helping those interested in real estate investments and investment properties, offering personalized advice and strategies to maximize your returns.

Guided by our core values of premium service, inclusivity, growth orientation, and expertise, we stand as pillars of support for our clients, no matter where they are on the property ladder. Our dedication goes beyond securing loans; it's about fostering lasting relationships and providing the necessary education to propel our clients towards greater prosperity.

MISSION

Our mission is simple yet profound. To leave our clients better than we found them. We believe in the transformative power of tailored financing solutions, and our commitment extends beyond securing loans. By combining personalized strategies with unparalleled support, we pave the way for individuals and businesses to not only achieve their property ownership and investment goals but also to thrive on their financial journey.

EMPOWERING YOU EVERY STEP OF THE WAY THROUGH

OUR VALUES

PREMIUM SERVICE

Our ethos revolves around creating an environment where clients experience nothing short of exceptional care and attention to detail. We are driven by the belief that every individual deserves a bespoke, premium experience from onboarding to closing.

INCLUSIVITY

We foster a welcoming space for clients to chart their unique financial journey. Our commitment to leaving clients better than we found them extends to fostering an atmosphere where everyone feels valued and supported on their unique path to financial success.

GROWTH-ORIENTED

We pride ourselves on our ability to find solutions that not only address current concerns but also set clients up for success in their future transactions. We believe in providing guidance that helps move people up the wealth ladder, ensuring that each client's financial trajectory is on a path towards sustained prosperity.

INTEGRITY

Integrity is at the core of BNQ Financial. We conduct business with honesty, transparency, and ethical standards, ensuring the best interests of our clients and partners.Upholding trust, we deliver on promises and maintain professionalism.

ETHICAL

We embody the value of being ethical in every aspect of our operations. We prioritize moral principles and integrity, ensuring that our actions align with the highest standards of conduct. Ethical behaviour guides our decision-making process, leading us to consistently uphold fairness, honesty, and accountability in all our interactions.

EXPERTISE

We recognize that expertise matters, and we strive to be the knowledgeable advocates our clients deserve. Our team is here to provide targeted guidance, drawing on our expertise to advise clients on the best solution to reach their financial goals based on real-world experience and proven success.

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Frequently Asked Questions

What if I don't qualify for the home I want?

This is where your mortgage professional can help provide you options, such as adding a co-signer, increasing your down payment and/or paying off debts. A Mortgage Broker/Agent has access to multiple lenders, so even if don't fit certain lender guidelines, they can shop around to see if another lender may approval your application.

What is a co-signer?

A co-signer is typically added to your application when you don't qualify for a home on your own. We add their income and debts to your application, to see if it increases your overall approval numbers. When someone cosigns for you, they will be added to the title of the mortgage and mortgage documents. This new mortgage debt will also appear on their credit bureau, which can affect their future credit score & loan affordability.

What is a guarantor?

A guarantor is typically added to your mortgage application when you have poor credit repayment or little to no credit history. Sometimes lenders will request a guarantor when your application is slightly weaker than they would want to see to approve you on your own. In most cases, the mortgage will not show on the guarantor's credit bureau, but this can vary from lender to lender.

What is Default Insurance?

Most people refer to this as CMHC fees. That said, there are actually 3 companies that provide this insurance to Canadians, CMHC, Sagen and Canada Guaranty.This is insurance is mandatory for those who purchase a home with less than 20% down. Default insurance is then added to your mortgage and increases your overall mortgage amount.Even though this is an added cost to buying a home, it's still a great way to get into the market when you don't have a 20% down payment. Default insurance is meant to protect your lender, in the event you stop making your mortgage payments & the lender has to foreclose on you.

What is a pre-qualification?

A pre-qualification is when you provide generalized information to a lender or online calculator, without the information being confirmed, and receive an estimated max purchase price.

What is a pre-approval?

A pre-approval is when a qualified mortgage professional reviews the information provided, such as your mortgage application, income & down payment documents, along with verifying your credit bureau to provide you with a more accurate max purchase price.

What is an approval?

After you have an accepted offer to purchase your dream home, your Mortgage Broker will submit your information to a lender. Once the lender reviews & confirms all the information provided, they will provide you with a full approval.

How much do I need for a down payment?

If you're buying an owner-occupied property, you may be eligible to put as little as 5% down. Keep in mind that just because the minimum down payment is 5%, you still need to qualify for the total mortgage amount (based on your income & debts).Many people don't realize that the rules change for a purchase price above $500,000. In this case, you will require 5% on the 1st $500K and 10% on the remainder (up to $1M). If you're purchasing a home for over $1M you will require a minimum of 20% down.If you're purchasing a rental property you will require a minimum of 20% down.