Mortgage Broker

604 353 5809

1665 kingsway Vancouver BC, V5N 2S2
600-1200 W 73rd Avenue, Vancouver BC, V6P 6G5

©2019 by Brandon Nishi Mortgages


What is a MonoLine Lender?

MonoLine lenders offer a single line of financial service: Mortgages. Monoline lenders are essentially lending banks that only offer mortgages as they do not provide services such as chequing, savings, or other forms of investment options. Many monoline lenders do not have a physical location, to reduce head costs, but do offer specialized programs and rates due to the specialization of their product

Advantages of Monolenders vs Big Banks

Everyone knows big banks as the 'go to' for mortgages since they're big physical places that you've grown up. It's nice having a location to walk down to when you need certain financial advice and help.


Monolenders keep the interest rate competitive. The main attraction to monolenders is the low interest rates they offer. Monolenders also have a variety of programs that'll accept a wide range of customers that the typical bank wouldn't accept. For example, self-employed workers are considered 'higher risk' due to the inconsistent income. Many monolenders will have programs that'll easily accept these applicants because they see them as customers that have potential growth in their business. Monolenders often have better pre-payment options. 

2 Main Concerns from Customers:

Q: Are monolenders safe and secure to use?

A: Monolenders are just as safe and secure as big the big banks! Keep in mind that               monolenders are regulated by Canadian government as they use the same guidelines and policies as any of the other banks

Q: Are monolenders easy to use?

A: Using a monolender is simple and easy to use. To acquire financing, talk to a mortgage broker and they'll be able to communicate with the lender for you to approve your mortgage. Your mortgage broker should go through many of the benefits and pre-payment options with the monolender. Upon financing, you'll receive a brochure with an overview of all your information. Through an online portal, you'll be able to find and conduct all your mortgage activity through the comfort of your home.


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