Collaborative Mortgage Solutions

Working together on your mortgage needs in Nanaimo, Victoria, The Cowichan Valley, Parksville, Qualicum, and beyond!

Apply Now

Our Process

With every new client, we take the time to listen to your needs in order to build a plan that is in line with your goals. The process is divided into parts where we focus on information gathering, communication and processing, and delivery. It is important to us that you are informed and assured when selecting a mortgage.


icon - pinwheel
Buying a home

Whether you are a first time home buyer or looking for that savvy investment property, stress and complications can arise when arranging financing.  That's where we come in.  Let us help you secure the right mortgage.

Considering a refinance

There are many reasons to consider a refinance.  Lower interest rates, debt consolidation, or even just accessing the equity in your home.  We can discuss the pros and cons with you to see if a refinance is right for you.

Renewal coming up?

Is your mortgage renewal coming up? Is your lender offering you the best rate and terms?  Call us for a no obligation consultation to see if we can find you something better and if it makes sense to switch.

illustration of various homes

Our Team

icon - pinwheel
Geometric shape (aesthetic)picture of coast forest and sea

With access to a large network of mortgage lenders, some of the best mortgage rates and products on the market, ongoing training and education, and ever improving technology and tools, the Lendlab team is equipped to serve all your mortgage needs and we are focused on putting you and your family first.

Read more

Ready to get started?

A mortgage broker is an independent, licensed, and certified professional with an established network of lenders who works on your behalf to find the most suitable option for you.  We do the research to save you the time and hassle of dealing with different banks and lenders so that you can focus on other aspects of the home buying process.

Apply now
Arrow - decorative


icon - pinwheel
Nick Gomrich

We dealt with Melanie and Balraj while acquiring our building mortage for our new home. Absolutely first class experience from top to bottom. Melanie was extremely friendly, knowledgeable, and always available which made it easy and painless when we had questions. They both went above and beyond to help us acquire a competitive mortage that allowed us to build our new home.

Keith S

The staff at Lendlab were very good to us! Balraj stuck with us for years as it took 3-4 years for us to buy our first home, and he was patient and helpful every step of the way. Melanie ended up doing all our mortgage paperwork and she was a pleasure to deal with as well! All the staff were knowledgeable and quick to respond to any questions we had. I would highly recommend Lendlab to anyone seeking a mortgage broker!

Veronica Szick

I worked with Lendlab to renew my mortgage this year. Balraj and Melanie were excellent to work with and made the entire process stress free. It is clear they truly care about their clients and made sure to provide transparent, trustworthy information so I could make an informed decision. They simplified the document collection, shopped around for the lowest possible rate, and even paid for my appraisal. Their communication throughout the entire process was top-notch, and I never felt pressured or rushed. They were flexible around my schedule when it came to meetings, document collection, and finalizing everything. I can’t recommend Balraj and Melanie enough. I will use them for all my future mortgage needs and won’t hesitate to refer my friends and family.

Isaac Bowden

We bought our first house with Balraj and Melanie’s help. It was a long process over a couple years and Balraj never turned down a meeting with us to help us understand where we were in the process. I asked a lot of questions and he answered them all to the best of his ability. I would highly recommend this group, your experience will be hopeful and they will help you buy a house.

Recent Articles

icon - pinwheel

Frequently Asked Questions

icon - pinwheel
large Q - decorative

Here are some frequently asked questions about lendlab. Have More questions?

What areas do you service?

While we are licensed to provide mortgage broker services all across BC, we focus primarily on Vancouver Island serving you in Nanaimo, Victoria, The Cowichan Valley, Parksville, Qualicum, and beyond.

What does a mortgage broker do?

Negotiate a client’s mortgage application with several financial institutions. Get you the best mortgage conditions available on the market, depending on your financial situation and credit history. Advise you on the best products and financial institutions available for your particular circumstances.

What is a conventional mortgage?

A conventional mortgage is usually one where the down payment is equal to 20% or more of the purchase price, a loan to value of or less than 80%, and does not normally require mortgage loan insurance.

What is mortgage loan insurance?

Mortgage loan insurance is insurance provided by Canada Mortgage and Housing Corporation (CMHC), a crown corporation, Canada Guaranty and Sagen, approved private corporations. This insurance is required by law to insure lenders against default on mortgages with a High Ratio. The insurance premiums are paid by the borrower and can be added directly onto the mortgage amount. This is not the same as mortgage life insurance.

What is a fixed rate mortgage?

The interest rate on a fixed-rate mortgage is set for a pre-determined term - usually between 6 months to 5 years. This offers the security of knowing what you will be paying for the term selected.

What is a variable rate mortgage?

A mortgage in which payments are fixed for a period of one to two years although interest rates may fluctuate from month to month depending on market conditions. If interest rates go down, more of the payment goes towards reducing the principal; if rates go up, a larger portion of the monthly payment goes towards covering the interest. Open variable rate mortgages allow prepayment of any amount (with certain minimums) on any payment date.

What is a down payment?

Very few home buyers have the cash available to buy a home outright. Most of us will turn to a financial institution for a mortgage the first step in a potentially long-standing relationship. But even with a mortgage, you will need to raise the money for a down payment. The down payment is that portion of the purchase price you furnish yourself. The amount of the down payment (which represents your financial stake, or the equity in your new home) should be determined well before you start house hunting. The larger the down payment, the less your home costs in the long run. With a smaller mortgage, interest costs will be lower and over time this will add up to significant savings.

Contact us

Reach out anytime for a no obligation conversation to see if we are right for you. Always happy to chat!

Contact us