What is the Best Mortgage Rate in BC

This has been quite the summer for mortgage and economic changes. The US economy’s recovery is going to still be a ways out, thankfully though we are doing better North of the boarder. Interest rates are expected to remain low with no rate hikes expected in the future and maybe further reductions to stimulate the economy. This leaves variable rate mortgages still the preferred best rate mortgage option. Best of all most of these mortgages can be locked-in at any time at no cost, so staying the course with a variable rate mortgage makes sense. CMHC made a big change this summer announcing that as of October 15th there will no longer be 40-year mortgage amortizations or 100% financing.This really is too bad as these products have allowed many clients to expand their investments and also helped many first time home buyers get into the market. That being said, if you still want to take advantage of these products are thinking of purchasing any investment properties or know of someone looking for 100% financing NOW IS THE TIME! Let me know right away and we’ll do our best to get you approved. Another option that is great for investments is our Equity Line of Credit Mortgage. This is becoming an incredibly popular product and gives clients the flexibility to invest when and how they want while paying the best mortgage rate available. Take care and I look forward to speaking with you in the near future. I welcme any questions you have Jared Dreyer Mortgage Professional 604-649-5991