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Review Keywords Analysis

  1. Canada
  2. Best Mortgage Brokers
  3. Mortgage Brokers in British Columbia
  4. Richmond
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Richmond, BC

How much house can you afford in Richmond? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · 2026 stress test and CMHC rules

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax and rules are for this province.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Richmond

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Guaranti Mortgages Corporation 温顶贷款

Guaranti Mortgages Corporation 温顶贷款 offers professional mortgage brokerage services with a patient and knowledgeable team. They assist clients through the entire loan process, answering questions clearly and making the experience smooth and straightforward. Customers appreciate the team’s helpful approach and expertise.

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(778) 297-7450
Closed Now
5599 Number 3 Rd Unit 635 & 640, Richmond, BC V6X 0X8, Canada
2

Joshua Borenstein Mortgage Broker

Known for providing professional, unbiased mortgage advice, Joshua Borenstein Mortgage Broker offers access to a wide range of lenders across Canada. The team assists with everything from first-time home purchases to refinancing and home equity solutions, often guiding clients through complex portfolios with clear explanations. Customers appreciate their responsiveness and thorough support… more...

Known for providing professional, unbiased mortgage advice, Joshua Borenstein Mortgage Broker offers access to a wide range of lenders across Canada. The team assists with everything from first-time home purchases to refinancing and home equity solutions, often guiding clients through complex portfolios with clear explanations. Customers appreciate their responsiveness and thorough support throughout the process.

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(778) 386-0880
Open 00:00 - 23:59
8477 Bridgeport Rd #845, Richmond, BC V6X 3C7, Canada
3

Kelly Hudson Mortgages

Known for its focus on client education, Kelly Hudson Mortgages helps individuals and families across British Columbia understand mortgage options beyond just interest rates. The team offers services including first-time homebuyer guidance, refinancing, and investment property mortgages, with clear explanations that many clients find reassuring throughout the process.

Services & Prices
Mortgage Pre-Approval Free Consultation
Post-Purchase Check-in Free Consultation
View Profile
(604) 312-5009
Closed Now
Dakota Dr, Richmond, BC V7C 4X5, Canada
General Services
Mortgage Services
4

Dennis Wong Mortgage Broker

Known for clear communication and a client-first approach, Dennis Wong Mortgage Broker guides borrowers through the mortgage process with patience and responsiveness. The team helps with mortgage approvals and finding competitive offers, often easing the experience for first-time buyers. Customers appreciate the supportive, no-pressure service throughout.

Services & Prices
Home Mortgage Free Consultation
Refinancing Free Consultation
Pre-Approval Assistance Free Consultation
View Profile
(604) 218-3117
Closed Now
8477 Bridgeport Rd #845, Richmond, BC V6X 0S7, Canada
General Services
Mortgage Brokerage
5

Stanley Yu Mortgages Inc. - Fanson Capital Group

Known for helping clients navigate complex mortgage situations with clear explanations and quick responses, Stanley Yu Mortgages Inc. - Fanson Capital Group specializes in mortgage renewals and finding competitive lender options. The team works closely with customers to address questions and secure suitable rates, making the process straightforward and accessible.

Services & Prices
Mortgage Renewal Free Consultation
View Profile
(778) 883-9336
Open 00:00 - 23:59
8400 West Rd Unit 1215, Richmond, BC V6X 0S7, Canada
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

Allan Seltzer Mortgage broker

With over twenty years of experience and an Accredited Mortgage Professional credential, Allan Seltzer and his team offer personalized mortgage solutions from a network of more than 40 lenders. They assist with first-time purchases, renewals, refinancing, self-employed mortgages, and private lending, guiding clients clearly through each step. Customers appreciate their patience, clear… more...

With over twenty years of experience and an Accredited Mortgage Professional credential, Allan Seltzer and his team offer personalized mortgage solutions from a network of more than 40 lenders. They assist with first-time purchases, renewals, refinancing, self-employed mortgages, and private lending, guiding clients clearly through each step. Customers appreciate their patience, clear communication, and thorough support throughout the process.

Services & Prices
Home Purchase Mortgage Free Consultation
Refinancing Mortgage Free Consultation
Initial Setup Fee Free Consultation
Annual Fee Free Consultation
View Profile
(604) 202-7114
Closed Now
11871 Horseshoe Wy Unit 1117, Richmond, BC V7A 5H5, Canada
General Services
Mortgage Services
7

Karyn Wong - Mobile Mortgage Specialist

Known for clear communication and prompt responses, this mobile mortgage specialist helps clients navigate home financing with ease. The team offers personalized mortgage advice, renewal assistance, and thorough explanations of options and terms. Customers appreciate the attentive, reliable service that keeps the process smooth and understandable.

Services & Prices
Financial Needs Assessment Free Consultation
Customized Mortgage Solutions Free Consultation
Comparison of Mortgage Products Free Consultation
Rate and Term Evaluation Free Consultation
View Profile
(778) 829-0327
Closed Now
3960 Francis Rd, Richmond, BC V7C 1J7, Canada
General Services
First-Time Home Buyer Assistance
8

Richmond BC Mortgage Broker, AMP- Chad Oyhenart Dominion Lending Centres

Known for guiding first-time homebuyers through the mortgage process with clear explanations and attentive support, AMP- Chad Oyhenart Dominion Lending Centres offers personalized mortgage advice and competitive rate options. The team is responsive and thorough, helping clients navigate complex details, though some may find the process intensive due to its careful pace.

Services & Prices
Mortgage Rate Advice Free Consultation
View Profile
(604) 272-1784
Closed Now
3800 Bayview St #201, Richmond, BC V7E 6K7, Canada
General Services
Mortgage Services
9

Mortgage Broker and Realtor Alan Ka Wing Ma Personal Real Estate Corporation

Known for combining mortgage brokerage with real estate expertise, this personal real estate corporation offers services ranging from mortgage financing to property buying and selling. The team is responsive and knowledgeable, often using tools like 3D virtual tours to assist clients. Customers appreciate clear communication and professional support throughout the process.

Services & Prices
3D Property Scanning $300 - $1000
Virtual Tour Creation $200 - $800
Interactive Property Listings $100 - $500
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Open 8:00 AM - 9:00 PM
11871 Horseshoe Wy #1117, Richmond, BC V7A 4X1, Canada
General Services
Virtual Tour Services
10

RIVERSIDE MORTGAGE GROUP - Bryan & Tracy Johnstone Mortgage Team

Riverside Mortgage Group focuses on educating clients to navigate the complexities of mortgage products and lender options. Their licensed brokers assist with purchases, renewals, and credit-challenged situations, providing patient guidance throughout the process. Customers appreciate their knowledgeable support and responsiveness, though some note the process can require patience.

View Profile
(604) 274-9000
Closed Now
3888 Broadway St, Richmond, BC V7E 2Y2, Canada

How this Richmond mortgage affordability calculator works

Lenders approve a mortgage when two ratios stay under their limits. Housing costs (mortgage payment, property tax and heating) must be no more than 39% of your gross income, and housing costs plus your other debt payments no more than 44%. The payment is tested at the qualifying rate, not your actual rate. The calculator finds the highest home price that passes both tests and the minimum down payment rules, and adds CMHC insurance to the loan when you put down less than 20%.

British Columbia rules and numbers this calculator uses

Stress test
You must qualify at the higher of your rate plus 2% or 5.25% (OSFI and federal insured-mortgage rules).
Debt limits
Housing costs up to 39% of gross income (GDS) and all debts up to 44% (TDS), the CMHC maximums. CMHC also needs a credit score of at least 600.
Minimum down payment
5% of the first $500,000 and 10% of the part above it. Homes priced at $1.5 million or more need 20% down and cannot be insured.
Mortgage insurance
Under 20% down, a CMHC premium is added to the loan: 2.80% of the loan at 15–19.99% down, 3.10% at 10–14.99% and 4.00% at 5–9.99%, plus 0.20% for a 30-year amortization.
Amortization
First-time buyers and buyers of new builds can take 30 years on an insured mortgage; others are tested at 25 years.
Property tax
About 0.31% of the home's value a year (British Columbia average, 2025), plus $100 a month for heating.
Rate
Starts at 4.49% (a typical 5-year fixed, October 2026). Change it to the rate you have been offered.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: CMHC homeowner mortgage loan insurance requirements and premiums, Finance Canada mortgage reforms effective December 15, 2024, OSFI minimum qualifying rate, 2025 municipal residential tax rates.

Frequently asked questions

7 questions
How does the Richmond mortgage affordability calculator work?
It estimates the highest home price you qualify for based on income, debts, down payment, interest rate, and first-time buyer status. It includes mortgage amount, monthly payment, CMHC insurance, and property tax.
What is the mortgage stress test in British Columbia?
You must qualify at the higher of your contract rate plus 2% or 5.25%. This ensures you can afford payments if rates rise.
What are GDS and TDS ratios?
GDS is up to 39% of gross income for housing costs. TDS is up to 44% for all debts. Both are calculated at the qualifying rate.
Can first-time buyers in Richmond get a 30-year mortgage?
Yes, first-time buyers and buyers of newly built homes can access a 30-year amortization on an insured mortgage.
How do debts affect my mortgage amount?
Monthly debt payments reduce the mortgage amount you qualify for since they increase your TDS ratio, which must stay within 44% of gross income.
How is property tax calculated in British Columbia?
Property tax is approximately 0.31% of the home's value annually, based on 2025 municipal rates.
What's the difference between pre-approval and pre-qualification?
Pre-approval confirms your borrowing limit after verifying income, debts, and credit. Pre-qualification is an estimate without verification.

General information, not financial advice — consult a qualified professional.