Mid Island Mortgage & Savings Ltd Nanaimo

Mid Island Mortgage & Savings Ltd Nanaimo For over thirty-five years, we have been helping you with all of your mortgage needs. Speak with our

Senior Mortgage Consultant: Kevin Decker
Mortgage Consultant: Jason Barudin
Office Administrator: Denise Li

This is the part of the job we really love. 🤝Meeting someone new, hearing what they’re trying to accomplish, and figurin...
09/09/2026

This is the part of the job we really love. 🤝

Meeting someone new, hearing what they’re trying to accomplish, and figuring out how to get them there.

The bank may have just one solution, but we’ll always look down EVERY avenue. 🤍

Another year, another CommunityVotes Nanaimo! 💙You guys have always shown up for us through CommunityVotes, and we’re so...
09/04/2026

Another year, another CommunityVotes Nanaimo! 💙

You guys have always shown up for us through CommunityVotes, and we’re so grateful for all the support you’ve given our team over the years.

So if you’re heading down to vote for your favourite Nanaimo bar, business, restaurant, or local spot, make sure you squeeze in a vote for Mid Island Mortgage & Savings too! 😉

🗳️ Voting closes Sept. 27
🔗 Link in bio to vote!

Rates held again at 2.25% - but what does that actually mean for your mortgage? 👀Here’s the quick breakdown:BANK OF CANA...
09/02/2026

Rates held again at 2.25% - but what does that actually mean for your mortgage? 👀

Here’s the quick breakdown:

BANK OF CANADA RATE: 2.25%
The Bank of Canada’s overnight rate stayed unchanged again today.

TYPICAL PRIME RATE: 4.45%
Prime generally moves with the Bank of Canada’s overnight rate, so there’s no change to prime following today’s announcement.

VARIABLE-RATE MORTGAGES:
If your mortgage rate is tied to prime, today’s hold means no immediate change to your rate or payment as a result of the announcement.

FIXED-RATE MORTGAGES:
Fixed rates work a little differently. They’re influenced more by bond yields and lender pricing, so they don’t automatically change when the Bank of Canada changes its overnight rate.

❓So what should you do with this information?

If you’re renewing, buying, or wondering whether fixed or variable makes more sense for you, don’t just look at the headline rate. Look at the whole picture.

We can help figure out what’s right for you and how the outside influences affect your situation! 🏡

If you’re 55+ and a homeowner, a reverse mortgage could allow you to access up to 55% of your home’s value without selli...
08/28/2026

If you’re 55+ and a homeowner, a reverse mortgage could allow you to access up to 55% of your home’s value without selling your home. 🙌

The funds can potentially be used to increase cash flow, pay off an existing mortgage, fund renovations, cover expenses or simply give you more flexibility in retirement.

Want to know how it works and whether it’s an option for you? Read our latest blog - link in bio. 🏡🖇️

08/26/2026

We promise it sounds a lot less confusing when we explain it 😂

But since we’re here, here are a few common mortgage terms you might want to know:

Amortization: the total length of time it would take to pay off your mortgage in full.

Term: the length of time your current mortgage agreement and interest rate are in place before you renew or negotiate.

Prepayment: paying extra toward your mortgage to help pay it off faster.

We’re always happy to explain things, so don’t be afraid to ask! 🙌

You already know what your rent costs. But do you know what you could own for a similar monthly payment? That’s a questi...
08/21/2026

You already know what your rent costs. But do you know what you could own for a similar monthly payment?

That’s a question worth asking. 🏡

Buying isn’t automatically better than renting, and renting comes with its own advantages. But if homeownership is something you’re considering, it might be worth comparing the two. 💭

Give us a call to see what the numbers look like for you!

A little Monday number crunching ☕️📊For a broker, mortgage approval isn’t just about plugging in the numbers and getting...
08/17/2026

A little Monday number crunching ☕️📊

For a broker, mortgage approval isn’t just about plugging in the numbers and getting a yes or no. We take the time to understand your full financial picture, gather the information we need, and look at the options available to you.

That’s why having a broker in your corner can make a huge difference.

08/11/2026

This is your sign to look at more than just the listing price 🕵️🏷️

You wouldn’t buy a car without thinking about insurance, gas, and repairs (hopefully…), so why think differently for a home?

Before you fall in love with the house, make sure you’ve considered ongoing costs too! 🏡

Only 5 days left to vote! 🗳️If you haven’t cast your vote for Best of the City Nanaimo yet, now’s the time! We’d be so g...
08/04/2026

Only 5 days left to vote! 🗳️

If you haven’t cast your vote for Best of the City Nanaimo yet, now’s the time! We’d be so grateful for your support. ❤️

Head to the link in our bio to vote before voting closes!

07/28/2026

Music to a mortgage broker’s ears. 🎶😂

If there’s one piece of advice we catch ourselves saving over and over again, it’s get pre-approved!

Even if you aren’t planning to buy tomorrow this is why:

✔️ you won’t fall in love with a home that’s outside your budget.
✔️you’ll understand what you qualify for and can start building a plan.
✔️ if the perfect home pops up, you’re ready.

No pressure, but if you are ready to say those magic words give us a call. 😆

Address

#12/327 Prideaux Street
Nanaimo, BC
V9R2N4

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Website

Alerts

Be the first to know and let us send you an email when Mid Island Mortgage & Savings Ltd Nanaimo posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category