Interest Rates have come DOWN almost 1%, making affordability more achievable.

Learn how YOU or a family member can OWN a home today!

LENDER INCENTIVES ARE HERE:

  • LOW LOW rates are available

  • Cash back offers   

  • 5 year fixed insured rate specials as low as 2.99%

  • 5 Year fixed uninsured rate specials as low as 3.19%

  • 5 year variable closed insured rate specials as low as (prime - 1.05%) today at 2.90%

  • 5 year variable closed uninsured rate specials as low as (prime -.75%) today at 3.20%


Keep in mind that depending on the request these rates could be lower than quoted. 


MORTGAGE STRESS TEST (updated May 1, 2019)

To qualify for a mortgage today you must qualify using the higher of the 2 options:

1) Qualify using the Canadian benchmark rate of 5.34%

2) Qualify using a rate that is 2% higher than your contractual rate


Over the past few months, interest rates have come DOWN almost 1% making affordability more achievable! Today, the rates are so low that everyone can qualify using the Canadian benchmark rate of 5.34% as it now is the higher of the 2 options. 

Keep in mind - this is based on select mortgages that are 5 year terms or lower. If your looking at a 6-10 year term then the 2% rule would apply. 

NOW is a great time to get pre-approved for financing if you plan to obtain a new mortgage over the next 4 months. We can float down interest rates as the decreases continue ensuring the best possible rate. 

To LEARN MORE, contact our mortgage specialist partner:

Kristine Sweder
Dominion Lending Centres
(604) 351-5405

ksweder@dominionlending.ca

 


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The Today Team Royal LePage West R.E.S. 
2185 Austin Avenue,  Coquitlam, BC  V3K 3R9 

Phone: (604) 937-4368 Email: