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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
Bank of Canada
Prime Rate 2.25%
Lenders now give
people
variable rate
mortgages starting at 1.95% & up.
FIXED RATE
MORTGAGES
5yr
fixed from 3.69% + up
This is an
historically awesome low rate. If you're the nervous type, now
might be the time to lock in. Remember the fixed rates can go up
even if the Bank of Canada drops the prime rate. Call your lender
and see what they're willing to give you. If they won't give you a
good deal, then give us a call or email me, and we'll see what we
can do for you.
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.
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
Simpson
Mortgage Corp. &/or Robert Simpson make no
representations or warranties regarding the foregoing. The
above is a compilation of information from various
sources, which cannot be verified or relied upon, and is subject to
change without notice. This article cannot be used or
reproduced without the express written consent by Simpson
Mortgage Corp.
**** First Time
Buyer Exemption now : $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.
First time
buyers, can get into
the market with the mortgage payment being from $100 to $300 lower
at 35yr am than at the 25yr am. It beats renting. You
can always increase the monthly payment as your income goes
up.
Self
Employed
Can't prove
income? If you have good credit, and don't owe Revenue
Canada, you can get great low rates with as little as 5% down.
Conditions are a bit tougher now, so each application is rated on
an individual basis. It's easier if you have 10% to 15%
down.
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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!
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| 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?
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| 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!
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| 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!
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| 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
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| 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.

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