Mortgage Free, Faster.
Discover the key to your dream home with Damien, your trusted advisor for personalized mortgages designed to suit your individual requirements. Damien specializes in getting you mortgage free in up to half the time, using little known tax strategies to build wealth.
Mortgages to Suit Everyone
Whether you’re looking to refinance or buy your first home, Damien has you covered.
First Time Home Buying
Embark on your exciting first-time home buying journey with confidence and expert guidance.
Refinancing
Maximize the potential of your home’s equity with our tailored refinancing solutions.
Renewal Negotiation
Secure the best terms for your mortgage renewal with Damien’s expert negotiation strategies.
CHIP Reverse Mortgage
Unlock the potential of your home’s equity with a CHIP Reverse Mortgage – your key to financial freedom.
Vacation Properties
Turn your dream of a vacation property into a reality with tailored financing solutions from Damien.
Debt Consolidation
Take control of your finances and simplify your life with our effective debt consolidation solutions.
The Man. The Myth. The Legend.
Building trust and maintaining strong relationships. Nanaimo, British Columbia.
Damien has a strong background in business, particularly in the residential construction industry, and now as a mortgage broker. His ability to connect with clients and prioritize trust and long-lasting relationships is a valuable asset in any business.
Moving from the Greater Vancouver area to Nanaimo, on Vancouver Island in 2014 provided him with a new set of opportunities and challenges, which contributed to his growth as an entrepreneur.
Building trust and maintaining strong relationships are indeed essential in the business world. Damien carries this principle with him throughout his career, whether it’s in construction or mortgage brokering. He strives for excellence in client-focused services.
Whether you are looking for the best mortgage rates in Nanaimo, BC or elsewhere – Damien Ross will ensure your mortgage process is seamless and cost-effective.
Mortgage & Financial Strategy Series
Enjoy full access to a selection of FREE VIDEO STRATEGIES and guided journeys.
RESP vs Rental
Introducing a revolutionary new approach to education funding in Canada.
Rental Cash Damming
How to convert your mortgage into a tax-deductible loan.
Heloc RateLock
How to reduce interest cost & improve personal cash flow.
Reverse Mortgage
Interested in leveraging your home’s equity for financial freedom?
First Time Home Buyer
Ultimate guidebook to the exciting journey of purchasing your first home.
Let’s Make This Happen
A few options to steer you in the right direction.
Mobile App
Empower your homeownership journey with our mortgage app – your gateway to simplified, efficient, and personalized financing solutions.
Connect With Damien
Experience a personalized approach to your mortgage needs, backed by expertise and a commitment to finding the perfect financing solution for you.
Mortgage Application
Experience the convenience of an online and seamless mortgage application at your own pace – a streamlined path to your dream home.
Jennie and Mark
We put an offer on our house and then the bank we were working with wouldn’t fund our deal. We were referred to Damien by a good friend and he was able to get our mortgage approved before our conditions closed. Damien was quick in phoning me and reassured me about the whole process.
Thanks a lot Damien I really appreciate all your help and for giving me a lot of reassurance on stressful days that sleep did not exist in my world.
Steve N
My wife and I just purchased our first home with the help of Damien and his team. We couldn’t be more happy with the process, we were involved in every step, everything was explained to us thoroughly as we were learning mortgages for the first time.
We had spoken with other mortgage brokers in the past but never felt like we were valued, Damien gave us that feeling. 100% recommend!
Chris B
I recently had a tricky mortgage situation but Damien was able to sort out suitable financing, and was reliable and open throughout the whole process. He’s got a fantastic work ethic and was in constant communication in order to try and appease my stress levels. Overall, a great person who’ll work on your behalf.
I fully endorse Damien and suggest you give him a call for your next mortgage.
Jody B
Damien has a wealth of knowledge and is super patient with explaining things and even provides videos to educate clients. I am very happy that I reached out to him for advice and direction, and excited to put some new strategies to work making my money work harder for me.
I’d recommend him to anyone who is looking for some new financial options, tax savings or dealing with a mortgage. Give Damien a shout!
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Frequently Asked Questions
There’s a variety of mortgage options to suit your needs. Here’s a list of some of the more popular choices:
- Fixed Rate Mortgage: Offers a stable interest rate for the entire term, providing predictability in monthly payments.
- Variable Rate Mortgage: Interest rates fluctuate with market conditions, potentially offering lower initial rates but with some uncertainty.
- Adjustable Rate Mortgage (ARM): Similar to a variable rate mortgage, but with predefined adjustment periods and limits.
- Open Mortgage: Allows for prepayment of the mortgage at any time without penalty, offering flexibility for those who may want to pay off their mortgage sooner.
- Closed Mortgage: Offers lower interest rates but has restrictions on prepayment, providing less flexibility.
- Conventional Mortgage: Requires a minimum of 20% down payment and does not need mortgage insurance.
- High Ratio Mortgage: Requires less than 20% down payment and needs mortgage insurance.
- Second Mortgage: A separate loan taken against the equity in a property, typically at a higher interest rate.
- Home Equity Line of Credit (HELOC): A revolving line of credit based on the equity in your home, which can be drawn upon as needed.
- Cash Back Mortgage: Provides a lump sum of cash upon closing, which is factored into the overall mortgage.
- Portable Mortgage: Allows you to transfer your existing mortgage to a new property without penalties.
- Assumable Mortgage: Allows a buyer to take over the seller’s existing mortgage, assuming the lender approves.
- Reverse Mortgage: Allows homeowners aged 55+ to access the equity in their home without selling it.
- Vendor Take-Back Mortgage (VTB): The seller of the property provides financing, acting as the lender.
- Bridge Financing: Provides short-term financing to cover the period between buying a new home and selling the current one.
Contact Damien today and he can guide you in the right direction.
Eligibility is determined by factors such as credit score, income, employment history, and existing debts. Lenders also consider the loan-to-value ratio (LTV) and debt-to-income ratio (DTI).
If you are curious, try this handy payment calculator to see what sort of options might work for you and your budget.
The application involves providing financial information, documentation, and details about the property you want to buy. We’ll guide you through the entire process, making it as smooth as possible.
If you’d like to start a mortgage application click here.
Interest rates play a crucial role in determining the cost of your mortgage and can impact your financial situation in several ways:
- Monthly Payments: Higher interest rates lead to higher monthly mortgage payments, as a larger portion of your payment goes towards paying off the interest rather than the principal balance.
- Affordability: Higher interest rates can reduce the amount of house you can afford for a given monthly budget, potentially limiting your options in the housing market.
- Total Cost of the Loan: Over the life of the mortgage, higher interest rates result in paying more in total for your home due to the increased interest charges.
- Loan Term: Higher interest rates can extend the time it takes to pay off your mortgage. This is because a greater proportion of each payment goes toward interest, slowing down the rate at which you’re reducing the principal balance.
It’s important to monitor interest rates when considering a mortgage and to consult with a financial advisor or mortgage professional who can help you understand the potential impact on your specific situation. Additionally, it’s advisable to consider factors like the type of mortgage, term length, and whether a fixed or variable rate is more suitable for your financial goals.
Contact Damien For Valuable Mortgage Guidance
Unlock your dream home with Damien in Nanaimo, BC or elsewhere – your trusted partner for seamless, tailored mortgages that fit your unique needs.
Finding you the BEST rate possible.
Expert Nanaimo Mortgage Broker
Offering the lowest mortgage rates in Nanaimo, BC. Damien Ross is your trusted advisor for personalized mortgages.