FAQ Your Questions, Answered.
How can Pekoe offer these rates?
Pretty simple actually. You see, most banks offer different ‘tiers’ of bank rates, depending on the client profile, amount of the mortgage, and whatever ‘hidden promotions’ might be going on at the time you apply. The unfortunate thing is that you typically aren’t offered the best rate or mortgage product upfront, and it’s only with negotiating that you *might* be able to unlock these hidden perks. Enter Pekoe. We play with a much higher volume of mortgages, and have solid relationships that allow us to do all the heavy lifting for you. And you benefit by having the peace of mind knowing your shiny new home has a great rate to go along with it.
How is Pekoe different than my local bank or credit union?
Most banks only have a very limited amount of products that fit a specific lending criteria. We work with over 20 lending institutions across Canada and have access to many more products than a single bank has access to.
We give you access to the rock bottom rates from the start. No haggling at your branch and needing to obtain branch manager approval for a lower rate
Who Will Be Helping Me?
What is the difference between a fixed rate mortgage and a variable rate mortgage?
Can I use gifted funds for my down payment?
I see a great rate. How can I lock it in?
Have you got 10 seconds to possibly save you thousands? That’s all it takes really. In order to lock a rate for you, we simply need to get you qualified. The qualification process is straight forward and will allow us to ensure the product you are applying for meets yoru eligibility. The criteria we look for are the same criteria banks and credit unions will ultimately use to grant your mortgage. Once we determine that you’re eligible for the rate lock, we’ll secure it for you.
