We Are Mortgage Professionals Serving Clients Across Beautiful BC.
With Our Head Office in Whistler, BC.
Doug Mildenberger is a mortgage broker and the owner of Garibaldi Mortgage. Doug has over 30 years banking experience in handling both residential and commercial mortgage financing. He moved to Whistler in 1991 and has been heavily involved with the Whistler rotary club including being a past president. In his spare time, he enjoys fishing and golfing. Doug’s goal is to make your mortgage experience as smooth and simple as possible, Doug will ensure that you get the best rate and mortgage product that suits your personal situation.
Having spent the last 20 years living in Whistler working in the financial sector as a mortgage broker, Jason understands this unique market and has gained extensive experience in a variety of mortgage scenarios. With developed widespread experience in residential, construction and commercial mortgages plus knowledge of specific properties such as fractional ownership and condo-hotel units. Jason will ensure that you get the right product at the best rate. He is always available to answer your questions and to assist you in achieving your property ownership goals.
As a mortgage professional, Del has enjoyed assisting residential, recreational, and investment property purchasers since 2001 from her home office in Kelowna BC. Being an independent broker gives her the opportunity to work with clients on their time. Del is known for her ability to source incredible mortgage products that suit her clients needs. In her spare time she sings in the duo Steppin’ Out playing all styles of music from R&B, to Classic Rock , MoTown to Jazz.
Terry Arlitt is a residential mortgage broker who has been assisting clients with financing for over 10 years. Terry lives and works from his home office on mid-Vancouver Island. Terry takes great pride in working with clients who have been referred to him from past clients and would love the opportunity to discuss your mortgage financing needs!
Chas is the newest addition to the Garibaldi team as a mortgage broker. Chas is a motivated sales professional with considerable experience working for many companies across Canada. Being a young professional herself, Chas recognizes the challenges young professionals have with getting mortgage financing and specializes on working with them. Chas is a certified yoga instructor, loves the outdoors, and being active!
We Keep Our Blog Updated So You Can Stay Informed!
With all the recent government activity meant to bring stability to the Canadian housing market (read cool down Vancouver and Toronto), its no surprise that the bank of Canada has decided against making any drastic changes to the overnight rate in their announcement...read more
How you manage your credit plays a big part in how a lender looks at your mortgage application. By understanding the makeup of a credit score and working towards establishing a solid credit profile, you can increase your chances of getting approved for a...read more
No doubt about it, buying a home is an emotional experience. It’s a game of balancing needs and wants, while trying to be honest with yourself about those very needs and wants. It’s hard to get it right, figuring out what’s negotiable and what...read more
This morning, Finance Minister Bill Morneau announced new housing measures, changes meant to alleviate risk in Canada’s current housing market. The measures include: Standardizing lending criteria for high- and low-ratio mortgages, including a mortgage stress...read more
Here is a list of the types of mortgage financing we are able to arrange on your behalf.
Residential Mortgage Financing
You have options! With the large number of banks we negotiate with, we are able to offer a wide variety of mortgage products. Tell us your goals and we will find the best type of financing at the best rates. We handle all types of residential mortgage financing including:
- Getting a mortgage pre-approval
- Arranging financing for a home purchase
- Arranging second mortgages
- Renewing your existing mortgage
- Refinancing your existing mortgage
- Switching your mortgage to a new lender
We also work with a wide range of smaller institutional and private lenders for applications that may not qualify under traditional guidelines. In most cases there are no fees for our services, we are usually paid directly by the lender. In some cases a broker/lender fee may apply, but not without full disclosure and your consent.
We are here to provide first mortgage financing on conventional and CMHC insured (where applicable) commercial products. Loan proceeds are typically used to assist with the acquisition of the real estate or to re-finance any existing indebtedness. Here are some examples of properties we can finance:
- Retail Buildings
- Commercial Buildings
- Industrial Buildings
- Office Buildings
- Multi-Family Commercial/Apartment Buildings
Typically our commercial financing is between 65%-70% loan to value with a maximum of 85% LTV on CMHC insured applications. As every application is different and there are several ways to qualify commercial financing, we strongly suggest contacting us directly to figure out the best way to structure your application.
Non-Resident Mortgage Financing
As a non-resident you have the ability to secure financing through a Canadian lender with a choice of fixed rate terms of 1 to 10 years. Variable prime based lending is also available. Your mortgage can be amortized up to 25 years. 65% financing is typical, meaning you have to come up with a 35% downpayment. 80% financing is available for US residents. Canadian lenders require you have a Canadian bank account, and they will require you to show your ID in person to open an account. It is a good idea to open an account while you are in Canada! Lawyers/Notaries will also need to meet you in person, either your REALTOR® or Garibaldi Mortgage Broker would be happy to set up an appointment for you to meet with them.
Construction mortgages are complex. We would be very happy to explain how they work and the steps that are involved. However as no 2 construction loans are the same, it is very difficult to provide relevant information in a brief summary on our website. So, with that said, if you are interested in a construction mortgage, please contact us with confidence knowing that we specialize in constriction mortgages and would love to work through your specific scenario with you and put together a plan specifically for you!
Some of Our Preferred Lenders
Doug Mildenberger really knows the mortgage business and was able to provide us with an excellent product at a very competitive price and on time!Barry Maskell
My wife and I are Americans and we absolutely love the Rocky Mountains and wanted to purchase a property up in Whistler BC. Del Hunter was able to help us navigate the mortgage terrain and arrange financing that was very satisfactory to us. We love our little spot in paradise, thanks so much for all your help! If you are looking for someone who will take good care of you and has impeccable communication skills, Del Hunter is the broker you need to be working with.R & P Boughanon
Buying my first home was a daunting task and I didn’t know where to start. I spent a lot of time researching but found it overwhelming. Chas took me through the process step by step, explaining everything until I was confident to make my decision. She worked very hard and was committed to doing everything she could to get me the home I had my heart set on. I am so happy with the experience I had with Chas and would highly recommend her.Webster P.
We are very happy clients of Doug Mildenberger and wish to express our thanks and the reasons for our satisfaction. Doug had quite a challenge as he worked to set up a mortgage for my son and his wife. They had good jobs but nothing saved and because they were not ‘credit card users’ had no credit rating. Doug consolidated their rent, cell phone payments and employment records into a suitable record for a credit history. I’m sure this was no easy task! My husband and I (their guarantors), were in Ontario so everything concerning us had to be done via fax, email, scans and long distance phone calls at strange hours due to the time difference. Doug responded quickly to all of our queries and kept us abreast of each development as the work progressed. He calmly informed us when there were problems and helped us find solutions in a timely manner. We ran into additional hurdles when we discovered the closing date for the property (a foreclosure) was in the middle of our out-of-country vacation. Doug stepped in and was able to arrange an extension with the Court and bank lawyers. He absolutely saved the day! Words cannot express our gratitude to Doug throughout this very convoluted process. He made sure we understood what was going on and ‘held our hands’ as we got the work done. We want to make sure that Doug receives the credit he is due!Steve & Moira