Mortgage pre-approvals outline the rate and amount offered ahead of when the purchase closing date. Lower ratio mortgages have reduced risk for lenders with borrower equity over 20% and thus better rates. Mortgage Broker In Vancouver Bc brokers access specialty products like private or collateral charge mortgages. Second mortgages typically have higher interest rates and…
First Time Home Buyer Mortgages help young people achieve the dream of owning a home early on. Income properties require a larger downpayment of 20-35% and lenders limit borrowing depending on projected rental income. Lengthy mortgage amortizations of 30+ years reduce monthly costs but greatly increase total interest and mortgage renewal risk. Short term private…
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