It's a great time to be a buyer of Vancouver real estate!
Rates continue to focus on historical low 5 Year Rates.
5 Year Closed Fixed, starting from 2.44%
5 Year Variable Closed, Prime Minus 0.85% (i.e. 2.00%)
Please note: For Any closing bsefore April 30, 2015………5 Year Closed Fixed 2.49% (no restrictions, standard 20/20 pre-payments, standard penalty calculations)
PURCHASE + IMPROVEMENTS PURCHASES
Lenders will assist your clients to finance renovations - Kitchens,
Bathrooms, Hardwood flooring and so much more…….
• Acceptable property types: owner occupied, vacation homes and rentals
• Up to 95% LTV for lesser of 10% of initial property value or $40K maximum
• Appraisal with “as is” and “as complete” values
• Require only improvement quotes or contracts
• Improvements must be complete within 90 days of close date
• Require completion inspection, receipts NOT required … this is a good thing!
**Subject to meeting lender guidelines.
Call or Email for quick turnaround times, or further information.