1 Million Mortgage Payment Mortgage amount is rounded to the nearest $1,000. A minimum 5% down payment is required for a purchase price of $500,000 or less. For a purchase price between $500,000 and $1 million, the minimum down payment is 5% on the first $500,000 and 10% on the balance. Default insurance costs will apply.
This is the reason why mortgage brokers are so popular in BC. A good mortgage broker (like Vancouver Mortgage) has excellent relationships with dozens of lenders. After collecting some of your basic information, we approach all the lenders on your behalf, and they fight for you as a client by putting forward their absolute best offers.
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GLM Mortgage Group strongly believes in charitable outreach and giving back. In 2010, Geoff and his wife, Kim, founded Imani Orphan Care – a registered Canadian Charity based in Abbotsford, BC. Imani Orphan Care cares for 110 parentless, abandoned, and at-risk children through their children’s home Imani Home of Love located in Narok, Kenya.
More people are borrowing from non-bank lenders – at sharply higher interest rates – amid stricter mortgage rules.
Our lenders are mainstream A lenders with broker discounted mortgage rates and pricing. Also, we have niche lenders who are focused on proving mortgages for borrowers with bad credit. These latter lenders are often referred to as " Alternative Lenders" or " B Lenders".
Mortgage amount is rounded to the nearest $1,000. A minimum 5% down payment is required for a purchase price of $500,000 or less. For a purchase price between $500,000 and $1 million, the minimum down payment is 5% on the first $500,000 and 10% on the balance.
BC housing. It’s no secret that the housing market in British Columbia has been booming. Low interest rates and surging demand from buyers overseas have propelled average BC resale prices past $600,000 in 2015. Of course, the epicenter of the boom in BC housing remains Vancouver, where even modest bungalows sell for well over one million dollars.
An unlicensed mortgage broker accused of forging documents to help secure more than half a billion dollars in mortgages over the past decade is being ordered to stop his business immediately by the.
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