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Welcome to the BC
Mortgage Guy Web Site
* We will find you the best
mortgage to suit your needs.
* We will work hard
to find you the lowest rate.
* We will do our best
to save you money.
Cell :
604-897-0930
E Mail : rob.sim.house@gmail.com
Search :
http://www.websbiggest.com/searchbox.cfm
Interest Rates
Variable Rates from 2.15%
5 yr Fixed from 3.99%
Bank Prime 2.75%
Should you Lock In
?
Banks keep telling people to lock in. Funny
thing is rates are going down ! The variable may go up a little,
but the world economies are not looking good, so not much danger of
rates jumping. Banks like you to lock in so they can collect huge
penalties when you try & sell, like 5k to 25k. if you have a
fixed rate. Not just a 3mo penalty, but their interest
differential.
What should you
do?
If
you're not sure whether to lock in, or you are faced with a big
penalty, give us a call, and we'll help you figure out what to do.
There are often ways around these big penalties. Bank clerks don't
want to tell you how, or they get in trouble. Give us a call and
we'll do our best to save you money.
100% Financing
There is no true zero down financing
available. You can get close to it by having 5% down and then take
cash back from one or two lenders & pay yourself back or use
the money for renos. Problem is the interest rates are higher by
about 1%, -it will add about $4000 to the cost per annum on a 300k
mortgage which makes the payment too high. The mortgage
insurance fees are higher too. Also if you have to sell or pay out
the mortgage within 3yrs, you have to pay back all or part of the
cash back with heavy interest penalties as well. On a 300k
mortgage, the interest differential penalties could be as high as
20k in the first 3yrs of a 5yr term. It's usually best to have 5%
down and not take cash back.
HST
The Humungus Sales Tax of 12% (7$ Provincial
& 5% Federal) was introduced July 1st. It's payable on just
about everything including new homes which have a sliding scale.
One of the few exemptions are used homes, which still have the old
Prov Purchase Tax. On new homes, after rebates (if you qualify)
expect to pay 13k (5k more)on a 250k home, 35k ( 15k more) on a
500k home, and 46k (20k more) on a 600k home.
HST
CRA site
Foreclosures
We
added this section as there seems to be more interest in
foreclosures. We have extensive experience in the foreclosure
business. Foreclosures can be very appealing to buy, but you really
need to know what you are doing, or you can easily lose on
them.
If
you are facing Foreclosure, don't go it alone. We can help you get
to know your rights, and we can help you in dealing with the
lender, or their lawyers. Don't assume there is no hope, and don't
believe everything anyone tells you. Give us a call and let's
talk.
♣ If anyone offers you a
mortgage you don't like or you aren't getting answers - DON'T DO
IT
**** First Time Buyer Exemption
: $425K ***
Feb. 20th, 2008
** First Time Buyers in the BC Lower Mainland & parts of
Vancouver Island can now buy a home up to $425k (previously $375k)
without having to pay the Provincial Property Transfer Tax. Between
$425K & $450k, the tax is reduced.
Self
Employed
Can't prove
income? If you have good credit, and don't owe Revenue
Canada, you can get great low rates if you have 10% down.
Conditions are a bit tougher now, so each application is rated on
an individual basis.
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Save Your
Money !
Nows the time to use your equity, you never
had before - to save up to Thousands of $$$ by getting a mortgage
through the BC Mortgage Guy. Don't just sit there paying a high
rate mortgage, or those nasty credit card rates !

Get
Pre-Approved Now!
 |
| Are you serious about
finding and buying a house? You will save yourself time and money
by getting pre-approved before you start house hunting.
Pre-approvals are not binding and give you an advantage over other
buyers. We can get you a free pre-approval within hours... |
If You
Have A Question, Ask Me, The Mortgage Guy
 |
| This free service is
simple to use and can answer any questions about financing your
home or getting a loan. Ask me a question and you will get a quick
e -mail response from a real person. The BC Mortgage Guy can make
your experience simple and stress free. |
Mortgage
Types
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| Different situations call
for different types of financing. Choosing the right terms and
conditions can make a big difference to your investment now and in
the future. |
Are You A
First Time Buyer?
 |
| Buying a house is an
important decision. The BC Mortgage Guy is ready to give you the
additional help necessary to get you, and your family, the best
deal possible in today’s competitive market. |
Refer To
Our Mortgage and Real Estate Glossary!
 |
| Know what an
“Acceleration Clause” is? Mortgage and Real Estate lingo can be
hard to understand. We have supplied a glossary to help you do just
that. If you are still unsure, send The BC Mortgage Guy a note and
you will get the proper answer sent to your e-mail! |
Check Out
Our Calculators & Resources!
 |
| Another great set of
tools! Find out how much house you can buy and a lot more with our
easy to use calculators. You may be surprised at the results! Give
them a try!!. |
Financial
News
 |
| Read the BC
Mortgage guy's Financial news updates. This special page is updated
frequently, so check back often. |

Our Fees
Are Usually Paid By The Lender,
Some Conditions. Rates Are Subject To Change Without Notice
© 2003 The BC Mortgage Guy - ... for friendly and courteous
financial assistance.
Simpson
Mortgage Corp. &/or Robert Simpson make no representations or
warranties regarding the foregoing. The above is a compilation
of information from various unconfirmed sources, and is
subject to change without notice.

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