Financing
Mortgage Rates
| August 18, 2010 | 1 yr | 2 yr | 3 yr | 4 yr | 5 yr | 7 yr | 10 yr | 15 yr | 18 yr | 25 yr |
| Meridian Rates | 2.60% | 3.04% | 3.42% | 3.79% | 3.78% | 4.65% | 4.99% | 9.25% | 9.25% | 9.35% |
| Posted Rates | 3.70% | 4.20% | 4.75% | 5.44% | 5.79% | 6.49% | 6.80% | n/a | n/a | n/a |
"Over the past 2 years, credit has been tightening, specifically for real estate investors," says Kyle Green of Mortgage Alliance (1-888-531-8890 or cell 604-551-8976, kyle@homelinecanada.com). "One of the 'soft' rules that have been hurting a number of clients with good credit and cash flowing portfolios has been liquid assets. Just as someone would tell you to diversify your portfolio if you had it all tied up in stocks, the same rule now is applied to real estate. The banks are now looking for investors with strong portfolios but with liquid assets that will assist you if a roof goes on one property, a hot water tank on another, and some vacancies mixed in. Some banks want to see $100,000 or more in liquid assets, so be prepared!"
>> Courtesy of Jurock's Facts by Fax
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Mike Wintemute - First Real Estate Center Whistler Michael Wintemute received his Representative's license in 1986 and his Managing Broker's license in 1989. Michael has had a successful career in both real estate sales and management. Both as a sales person and as a manager he has always followed the same philosophy; listen carefully to your clients needs and then provide the best possible service to achieve their stated goals. Business is not the only thing important to Michael, family and community is an integral part of Michael's life. Michael was involved with the Kiwanis organization for many years, coached little league softball, was involved with minor hockey and has served on various community organizations. Professionally Michael is a member of the "Professional Conduct Committee" with the Real Estate Board of Greater Vancouver. Michael has been interviewed over the years on CTV, CBC and Global TV, major and local newspapers, a key note speaker at real estate seminars and most recently a contributing writer to a recently released book "Real Estate Action" by Ozzie Jurock.
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