How Much Can I Afford?

There’s no point shopping for a house unless you can actually get a mortgage.

The qualification process is largely based on your credit profile and debt-to-income ratios. Lenders have different underwriting guidelines that will impact how much you can afford and at what rate. Find out how much you can afford in a matter of seconds with our Affordability Calculator

Banks vs Brokers

Banks only have access to their own mortgage products.

Brokers have access to a multitude of products and lenders. This allows us to match your deal with the lender that is best suited with your borrowing profile and goals, in the most timely manner and at the best rate.

Restricted vs Full-Feature

Restricted Mortgages typically have lower rates than full feature mortgages.

Why? Because they’re restricted. Restrictions include, but are not limited to, the following: not portable, massive pre-payment penalties, not blendable, no or little pre-payment options, no way to exit mortgage without a bona fide sale of property, etc.

Fixed vs Variable

A Fixed Rate means that your interest rate remains the same throughout the term of the mortgage.

A Variable Rate implies that your rate and payment can change throughout your term. Your borrowing profile, risk tolerance and economic conditions will determine which is a better fit.

Reviews

"The second time I am getting a mortgage through these guys and must say that they are excellent and provide the best rates available."

This is the second time I am getting a mortgage through these guys and must say that they are excellent and provide the best rates available. Will definitely go back to them and recommend to others!

M Moalem, Vancouver

"I have nothing but the utmost appreciate and gratitude for Spin Mortgage"

I have nothing but the utmost appreciate and gratitude for Spin Mortgage and especially, Steve Pipkey’s and Simon Cheng’s help in getting my first mortgage approved for my first new home in the lower mainland, BC. They both worked so hard and efficiently in a tight time crunch to get the job done. And Steve (and Spin Mortgage) is also someone who is not only a true professional, but also has alot of integrity where he wants only to look out for the best interest of each client. He wants to ensure, that any home buyer is not put into a position of becoming “house poor” for where they are unable to afford their monthly costs just for the sake of owning a home. That, I really appreciated about Spin Mortgage where the best interest of the client was more important than their pocket books. And they were always available to answer any questions I had or when I needed any information day or night, weekday or weekend. And on top of that, they found me an excellent rate in order to make my monthly costs manageable. 🙂 Also, Steve helped me to find a superstar real estate agent when the one I was using was not quite working out for my needs. And through this superstar of an agent combined with a superstar of a mortgage brokerage such as Spin Mortgage, I was able to find my new home. I can’t even begin to express how grateful I am for the good fortune of having Spin Mortgage help me. Thank you so much for all your hard work and for helping me!

Anonymous Client, Vancouver

"These guys are the best. Attentive, supportive, and committed to customer service!"

These guys are the best. Attentive, supportive, and committed to customer service. Thank you, we are LOVING our new house!

Jordan Dack, Vancouver

"These guys are the best."

These guys are the best. Attentive, supportive, and committed to customer service. Thank you, we are LOVING our new house!

Jordan Dack, Vancouver

"Their response time and attention to detail made a real difference!"

Simon and the spin team were referred to us for the purchase of our first house and they were great to work with from start to finish. Their response time and attention to detail made a real difference (Simon caught an error in a contract from a lender and we were able to have it fixed that day). They went above and beyond the scope of a mortgage broker, helping coordinate every aspect of the process and giving us advice along the way when we had questions about entering the real estate market as first-time buyers. Right from the beginning, Simon knew the details of our file and was incredibly organized, responsive and a pleasure to deal with.

Julie Clarke, Victoria

"Jeff & Simon made sure that we were comfortable with every step! Love you guys."

We couldn’t be more thrilled with the professionalism and dedication the team at Spin gave to us. This was the biggest purchase in our lives and both Jeff & Simon made sure that we were comfortable with every step! Love you guys.

Shaun Anderson, Vancouver

"Spin was the third mortgage company I dealt with, and I wish now I had gone to them first."

Spin was the third mortgage company I dealt with, and I wish now I had gone to them first. I found the team really easy to deal with, they were specific about what they needed from me and worked hard to get my approval on time. I would not hesitate to recommend Spin Mortgage to anyone. Thanks, guys!

Tim Stephen Hendy, Vancouver

"Steve and Simon are very professional and knowledgeable."

Steve and Simon are very professional and knowledgeable. As a first time home buyer, I received so much helpful information and professional suggestion with a mortgage. The service of them is superb! Will refer friends to spin for sure!

Yang Tastic, Vancouver

"Thank you, Steve, for making a stressful process much easier."

I was referred to Spin Mortgages by my daughter and son-in-law who decided to use them after a long research. They offer the best mortgage available and provide excellent service. They made the process smooth and replied to any inquiries promptly, professionally and in detail, providing me as a first-time mortgage taken with very valuable information. I would definitely recommend them to anyone who needs a mortgage.

Thank you, Steve, for making a stressful process much easier!

Yael Kabir, Toronto

"I had a fantastic experience working with Jeff, Simon and the Spin Mortgage team."

I have known Jeff for a long time and know him to be hardworking, dedicated and honest and that is what he and the Spin Mortgage team exemplify. I had a fantastic experience working with Jeff, Simon and the Spin Mortgage team. My wife and I had been searching for our first home for over a year and the Spin Mortgage team where there to assist all along the way. Once we finally landed on a home, we had a very short turnaround on our possession/closing date. Spin Mortgage knocked it out of the park with a great rate and completed all the documentation needed in short order.
Thanks again guys!

Matt Wilpert, Calgary

"Just did my second mortgage with Spin and I'd do the next one, too!"

Great service and great mortgage rates, just did my second mortgage with this crew and I’d do the next one, too.

Torey Danger, Calgary

"Very responsive (at virtually any hour) and communicated very clearly!"

I could not recommend Spin enough. I worked with Jeff Mark and Simon Cheng and they extremely friendly and pleasant to deal with, while completely professional and thorough. Very responsive (at virtually any hour) and communicated very clearly – either when explaining details to me, or explaining what they needed from me. Go with Spin – you won’t be sorry.

Robin Miller, Toronto

"If it wasn’t for these Spin Mortgage guys, I probably wouldn’t be writing this from my first house in Canada."

If it wasn’t for these Spin Mortgage guys, I probably wouldn’t be writing this from my first house in Canada. Having arrived here no longer than a year, my wife and I decided to buy a house. As the current turbulent house market is not great for many out there, for us it was a bit tougher considering all the factors (recently landed, not a long credit history). However, Jeff and Simon were FANTASTIC! They understood our circumstances and worked hard to get us both best rate and product which would fit our needs. Thank you very much. Absolutely Recommended!

Felipe Gusmão Chagas, Calgary

"Highly recommend Spin and will tell all my friends who are in the market."

I was referred to Spin by a good friend who sourced his mortgage with them for his house in Vancouver, and could not have been happier with the professionalism and service. This was our first mortgage and in addition to the super helpful information on their website, Simon (and team) walked us through everything step by step to make sure we got the best mortgage for us.

Simon and the whole team at Spin have really figured out the best way to deliver the lowest rates and best mortgages. They were always super responsive and accommodating with us while our deal had several months of delays.

Highly recommend Spin and will tell all my friends who are in the market.

Devon Miller, Victoria

"Simon walked us through everything step by step to make sure we got the best mortgage for us."

I was referred to Spin by a good friend who sourced his mortgage with them for his house in Vancouver, and could not have been happier with the professionalism and service. This was our first mortgage and in addition to the super helpful information on their website, Simon (and team) walked us through everything step by step to make sure we got the best mortgage for us. Simon and the whole team at Spin have really figured out the best way to deliver the lowest rates and best mortgages. They were always super responsive and accommodating with us while our deal had several months of delays. Highly recommend Spin and will tell all my friends who are in the market.

Devon Miller, Victoria

"Great rates, great service, couldn't have asked for more."

Great rates, great service, couldn’t have asked for more.

Steve Willis, Calgary

"I would highly recommend Steve as a mortgage broker!"

I recently worked with Steve Pipkey to help me with the daunting task of choosing a mortgage. I was considering many different housing options, so my situation was not straight forward, and Steve diligently worked to find products that best suited my needs for each scenario. He also made an effort to explain all the terms and fine print of each. Steve thoroughly analyzed my situation, considered various lenders and strategies, and was able to find me unbelievably competitive rates! Best of all he was great to talk to, genuine and super responsive. I would highly recommend Steve as a mortgage broker!

Jamie Carswell, Toronto

"People who work at Spin Mortgage go above and beyond to get your needs!"

People who work at Spin Mortgage go above and beyond to get your needs met. I dealt with Jeff and Simon, and these guys made all impossibles possible. My lawyer admitted that she had never heard of the level of service I received to get a mortgage approved and funded in 5 business days. Jeff started working on my case when I reached out to him on a Friday night after I realized I couldn’t work with my first mortgage broker. Jeff spent his weekend working on my case until Monday that Simon was assigned, and Jeff continued to supervise, and contact different lenders to find one who could fund my mortgage in 5 days. I would’ve gone through a lot of headaches like losing my payment and paying for sellers residence fees till I close if it wasn’t for Spin Mortgage. Spin Mortgage saved me for sure, and I can’t thank them enough. I recommend Spin Mortgage to whoever is in the market looking for professional, decent, and good rate service. Thanks!

Amirpirouz Esmailzade, Toronto

"Simon at Spin Mortgage was incredibly professional, knowledgeable and helpful"

Simon at Spin Mortgage was incredibly professional, knowledgeable and helpful as we went through the refinancing of our mortgage. He ensured that we understood every step of the process and was in constant communication with us as we went through the somewhat complicated process during a very busy time. I would highly recommend working with Simon and with the Spin Mortgage team.

Serey Sinn, Vancouver

"We would and will recommend Jeff to anyone that is thinking about buying property!"

Jeff and his team make a very stressful process easy and seemingly stress-free. Jeff is always available to go through all of the papers and documents and explain everything that is happening and that has been done in details.

We would and will recommend Jeff to anyone that is thinking about buying property as we believe Jeff will provide them with the best products for their needs that will fit their lifestyle!

A big thank you from our family!

Larry Carson, Vancouver