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BC Mortgage Brokers - Lower your payments through interest-only programs |
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Mortgage Broker
Direct Line: (604) 506-0397 Fax: (604) 628-3798 Toll free (Canada) : 1-800-504-5886 Vancouver, Burnaby, Surrey email: johnso@bcmortgage.ca
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Apply using Invis' secure 128-bit connection:
Mortgage services:
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Interest Only Mortgage (available at BC Mortgage Brokers)
Benefits:
1) Lower monthly payments - Payments are significantly lower. For example, on a $200,000 mortgage, you can lower your payments by approx. $400 per month compared with a 5 year mortgage (at currently at 4.5%).
2) Allows you to get into BC's rapidly rising real estate market
Disadvantages:
1) Less money goes into paying down your mortgage
Product is ideal for:
1) Young families who don't have a lot of money for mortgage payments
2) Young professionals who are starting their careers and don't have much money for mortgage payments.
3) Renters who would like to own your own home.
Qualifications:
1) Good credit
2) Borrower can show ability to repay debt
3) At least 10% down payment
4) The property will be owner-occupied
Interest rate
1) Best discounted interest rates
"My job is done when you know your options"
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