Rates - May 23, 2006
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Whistler
Real Estate Co Ltd, #137- 4370 Lorimer Road, Whistler, BC V0N 1B4
RESIDENTIAL MORTGAGE RATESEFFECTIVE: May 23, 2006
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Prime Rate = 5.75%
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TERM
(fixed)
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Bank
Rate
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BEST
Broker
Rate
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1 Year
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6.35
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5.05*
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2 Year
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6.40
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5.15
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3 Year
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6.45
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5.25
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4 Year
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6.55
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5.30
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5 Year
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6.75
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5.30
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7 Year
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6.95
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5.40
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10 Year
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7.35
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5.55
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15 Year
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n/a
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6.19*
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18 Year
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n/a
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6.29*
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25 Year
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n/a
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6.44*
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Variable Rate
Mortgages
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Prime
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4.85
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While self-employed borrowers face some unique challenges in securing a mortgage, Karen Gibbard a licensed mortgage broker has access to a range of specialized products created for this group.
If you are self-employed, chances are the income shown on your tax returns has been reduced by several legitimate tax “write-offs.” Historically, this situation left self-employed individuals at a disadvantage to those on salary when it came to the mortgage amount for which they could get approved. Karen Gibbard has access to an arsenal of mortgage products that will recognize “undeclared income” or allow declared income to be “grossed up.” These products will allow a self- employed borrower to qualify for a larger mortgage than has traditionally been available.
If you are self-employed and have had some credit issues, Karen Gibbard may still be able to arrange a mortgage without the standard proof of income.
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KAREN GIBBARD, AMP, BGS
Sr. Mortgage Broker
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Invis - GIBBARD GROUP
Ph: 604-313-3199
Fax: 604-648-9974
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This entry was posted on May 26th, 2006
| Posted in Mortgage Information