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Prime Killarney Corner of 46th & Doman . . . Excellent building lot, 46.5x122! House is livable with 6 bedrooms, 3 on main & 3...
| Friday, September 3, 2010 September 3, 2010 - Qualifying for Variable Rate Mortgagesby Ehsan Sharenejad on Fri, Sep, 3, 2010 11:21 PM Categories: Condos, Down Payment, Downtown, Downtown VW, Ehsan Sharenejad, HD, Listings, Mortgages, Real Estate, Sales, Vancouver, Vancouver City, Vancouver Real Estate, Vancouver West
Ehsan starts video blogging again directly from his iPhone! As part of his commitment to work by referral and spend more time taking care of past, present, and future clients, he is striving to keep the public informed while still being efficient. This blog deals with the misconception that first time home buyers cannot qualify for variable rate mortgages. This is not true. As Ehsan explains, if a Buyer wishes to obtain a variable rate mortgage, he/she can do so as long as they qualify for the Lender's posted rate. Posted rates are usually substantially higher. This is part of the new legislation that has changed mortgage conditions. The purpose is to prevent a subprime meltdown like that in the US during 2008. If you qualify for the Lender's posted rate, you will not fall into financial when inflation creeps in and the variable rates increase. Any questions? Contact Ehsan ehsan@ehsanrealty.com |
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