Tim's Mortgage News / Rates and FAQ's

[J-D]

I'm not the type of person to usually write reviews but I'll throw a quick blurb in for Tim:

I can't imagine an easier way to get a mortgage - so glad I didn't try the "convenient" route and go with my bank. Every communication was quick and informative, and we never had to meet up in person but the invitation was always there.

If you're in the market don't look any further

[TimLacroix]

Originally posted by J-D
I'm not the type of person to usually write reviews but I'll throw a quick blurb in for Tim:

I can't imagine an easier way to get a mortgage - so glad I didn't try the "convenient" route and go with my bank. Every communication was quick and informative, and we never had to meet up in person but the invitation was always there.

If you're in the market don't look any further

Thank you for the blurb J-D. It's been a real pleasure assisting Beyond members. Some of the best clients out there.

[TimLacroix]

Current Rates to Open Week Mar 7, 2016

CHANGE to Prime Rate - 2.70%

Special Rate Offers

5 Year Fixed - 2.54%
Must close in 45 Days
High Ratio ONLY (less than 20% down payment)

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
2 Year Fixed - 2.24%
3 Year Fixed - 2.34% (2.29% 45 day close)
4 Year Fixed - 2.49%
5 Year Fixed - 2.59-2.64%

3 Year + ARM - 2.15% * Maturity is May 2019
5 Year ARM/VRM - 2.30%

HELOC Rates Prime +0.50%

Builder - New Home Mortgage Rates
5 Year Fixed - 6 Month Rate Hold - 2.84%* High Ratio and Conventional
5 Year Fixed - 12 Month Rate Hold - 3.24%* High Ratio
5 Year Fixed - 12 Month Rate Hold - 3.34%* Conventional

NO FEE Refinances -- 90 day rate protection
Starting at:
5 Year Fixed - 2.79%
5 Year VRM - 2.55%

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[civic_rida]

Anything under 2%

[TimLacroix]

Originally posted by civic_rida
Anything under 2%

Unfortunately, there are no rates under 2%.

[TimLacroix]

Current Rates to Open Week Mar 21, 2016

CHANGE to Prime Rate - 2.70%

Special Rate Offers

5 Year Fixed - 2.49%
High Ratio ONLY (less than 20% down payment)

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
2 Year Fixed - 2.24%
3 Year Fixed - 2.34% (2.29% 45 day close)
4 Year Fixed - 2.49%
5 Year Fixed - 2.59%

3 Year + ARM - 2.15% * Maturity is May 2019
5 Year ARM/VRM - 2.30%

HELOC Rates Prime +0.50%

Builder - New Home Mortgage Rates
5 Year Fixed - 6 Month Rate Hold - 2.84%* High Ratio and Conventional
5 Year Fixed - 12 Month Rate Hold - 3.24%* High Ratio
5 Year Fixed - 12 Month Rate Hold - 3.34%* Conventional

NO FEE Refinances -- 90 day rate protection
Starting at:
5 Year Fixed - 2.79%
5 Year VRM - 2.55%

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[TimLacroix]

Current Rates to Open Week April 4, 2016

CHANGE to Prime Rate - 2.70%

Special Rate Offers

5 Year Fixed - 2.49%
High Ratio ONLY (less than 20% down payment)

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
2 Year Fixed - 2.19%
3 Year Fixed - 2.34% (2.29% 45 day close)
4 Year Fixed - 2.44%
5 Year Fixed - 2.59%

3 Year + ARM - 2.15% * Maturity is May 2019
5 Year ARM/VRM - 2.30%

HELOC Rates Prime +0.50%

Builder - New Home Mortgage Rates
5 Year Fixed - 6 Month Rate Hold - 2.84%* High Ratio and Conventional
5 Year Fixed - 12 Month Rate Hold - 3.24%* High Ratio
5 Year Fixed - 12 Month Rate Hold - 3.34%* Conventional

NO FEE Refinances -- 90 day rate protection
Starting at:
5 Year Fixed - 2.79%
5 Year VRM - 2.55%

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[OU812]

Anything new re rate changes expected soon?

[TimLacroix]

Originally posted by OU812
Anything new re rate changes expected soon?

Hi OU812 - there is pressure for rates to rise. The 5 Year Bond Yield is up last week and again today.

Which means there is pressure for promotions to disappear soon. One or two lenders have started to make changes but still many options out there.

Anything particular you are interested in?

[TimLacroix]

Okay peeps... it's happening... a few lenders have announced rate increases today.

Looks like the increase is about 5bps... as an example, 2.49% rates will now be 2.54%.

[TimLacroix]

Current Rates to Open Week June 13, 2016

Prime Rate - 2.70%

Special Rate Offers

5 Year Fixed - 2.49%

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
2 Year Fixed - 2.19%
3 Year Fixed - 2.24%
4 Year Fixed - 2.44%
5 Year Fixed - 2.49%
5 Year Fixed - 2.39% High Ratio Only, Owner Occupied, some restrictions apply.

3 Year + ARM - 2.15% * Maturity is Nov 2019
5 Year ARM/VRM - 2.20%
5 Year ARM/VRM - 2.10% High Ratio Only, Owner Occupied, some restrictions apply.

HELOC Rates Prime +0.50%

Builder - New Home Mortgage Rates
5 Year Fixed - 6 Month Rate Hold - 2.69%* High Ratio and Conventional
5 Year Fixed - 12 Month Rate Hold - 3.24%* High Ratio
5 Year Fixed - 12 Month Rate Hold - 3.34%* Conventional

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[TimLacroix]

Current Rates to Open Week July 18, 2016

Prime Rate - 2.70%

Special Rate Offers

5 Year Fixed - 2.39% High Ratio Only, Owner Occupied, some restrictions apply.

5 Year ARM/VRM - 2.10% High Ratio Only, Owner Occupied, some restrictions apply.

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
2 Year Fixed - 2.19%
3 Year Fixed - 2.24%
4 Year Fixed - 2.44%
5 Year Fixed - 2.49%

3 Year + ARM - 2.15% * Maturity is Nov 2019
5 Year ARM/VRM - 2.25%

HELOC Rates Prime +0.50%

Builder - New Home Mortgage Rates
5 Year Fixed - 6 Month Rate Hold - 2.59%* High Ratio and Conventional
5 Year Fixed - 12 Month Rate Hold - 3.24%* High Ratio
5 Year Fixed - 12 Month Rate Hold - 3.34%* Conventional

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[TimLacroix]

Current Rates to Open Week July 25, 2016

Prime Rate - 2.70%

Special Rate Offers

5 Year Fixed - 2.39% High Ratio Only, Owner Occupied, some restrictions apply.

5 Year ARM/VRM - 2.10% High Ratio Only, Owner Occupied, some restrictions apply.

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
2 Year Fixed - 2.19%
3 Year Fixed - 2.24%
4 Year Fixed - 2.44%
5 Year Fixed - 2.49% **2.44% 45 Day Quick Close

3 Year + ARM - 2.20% * Maturity is Nov 2019
5 Year ARM/VRM - 2.25%

HELOC Rates Prime +0.50%

Builder - New Home Mortgage Rates
5 Year Fixed - 6 Month Rate Hold - 2.59%* High Ratio and Conventional
5 Year Fixed - 12 Month Rate Hold - 3.24%* High Ratio
5 Year Fixed - 12 Month Rate Hold - 3.34%* Conventional

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[TimLacroix]

Current Rates to Open Week Aug 8, 2016

Prime Rate - 2.70%

Special Rate Offers

5 Year Fixed - 2.34% High Ratio Only, Owner Occupied, some restrictions apply.

5 Year ARM/VRM - 2.10% High Ratio Only, Owner Occupied, some restrictions apply.

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
2 Year Fixed - 2.19%
3 Year Fixed - 2.24%
4 Year Fixed - 2.44%
5 Year Fixed - 2.44%

3 Year + ARM - 2.20% * Maturity is Nov 2019
5 Year ARM/VRM - 2.25%

HELOC Rates Prime +0.50%

Builder - New Home Mortgage Rates
5 Year Fixed - 6 Month Rate Hold - 2.59%* High Ratio and Conventional
5 Year Fixed - 12 Month Rate Hold - 3.24%* High Ratio
5 Year Fixed - 12 Month Rate Hold - 3.34%* Conventional

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[TimLacroix]

Current Rates to Open Week Aug 29, 2016

Prime Rate - 2.70%

Special Rate Offers

5 Year Fixed - 2.34% High Ratio Only, Owner Occupied, some restrictions apply.

5 Year ARM/VRM - 2.10% High Ratio Only, Owner Occupied, some restrictions apply.

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
2 Year Fixed - 2.19%
3 Year Fixed - 2.24%
4 Year Fixed - 2.44%
5 Year Fixed - 2.39%

3 Year + ARM - 2.20% * Maturity is Nov 2019
5 Year ARM/VRM - 2.25%

HELOC Rates Prime +0.50%

Builder - New Home Mortgage Rates
5 Year Fixed - 6 Month Rate Hold - 2.59%* High Ratio and Conventional
5 Year Fixed - 12 Month Rate Hold - 3.24%* High Ratio
5 Year Fixed - 12 Month Rate Hold - 3.34%* Conventional

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[TimLacroix]

Current Rates to Open Week Sept 6, 2016

Prime Rate - 2.70%

Special Rate Offers

5 Year Fixed - 2.34% High Ratio Only, Owner Occupied, some restrictions apply.

5 Year ARM/VRM - 2.10% High Ratio Only, Owner Occupied, some restrictions apply.

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
2 Year Fixed - 2.19%
3 Year Fixed - 2.24%
4 Year Fixed - 2.44%
5 Year Fixed - 2.39%

3 Year + ARM - 2.20% * Maturity is Nov 2019
5 Year ARM/VRM - 2.20%

HELOC Rates Prime +0.50%

Builder - New Home Mortgage Rates
5 Year Fixed - 6 Month Rate Hold - 2.59%* High Ratio and Conventional
5 Year Fixed - 12 Month Rate Hold - 3.24%* High Ratio
5 Year Fixed - 12 Month Rate Hold - 3.34%* Conventional

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[nzwasp]

What are the features of this:

5 Year Fixed - 2.34% High Ratio Only, Owner Occupied, some restrictions apply.


And what is considered high ratio?

What sort of qualification do you need for this?

5 Year Fixed - 2.39%

We are looking at changing our mortgage provider - PCF tried to offer us 2.46% the other day for 5 years but seems your rates are lower.

[TimLacroix]

Originally posted by nzwasp
What are the features of this:

5 Year Fixed - 2.34% High Ratio Only, Owner Occupied, some restrictions apply.


And what is considered high ratio?

What sort of qualification do you need for this?

5 Year Fixed - 2.39%

We are looking at changing our mortgage provider - PCF tried to offer us 2.46% the other day for 5 years but seems your rates are lower.

Going to PM...

But wanted to explain with High Ratio means - this is when you have less than 20% equity or down payment available for a purchase / refinance etc.

The qualifying for these rates are the same except for features and lenders that each lender may offer.

[403ep3]

Waited for everything to clear and stay in the new place a couple weeks until I wrote a review.

Tim and Colton were fantastic to deal with any were always prompt and detailed with their responses. They answered all our questions and always reassured us they had our back, and they did. We are now at our new place and had no hassle with getting the approvals done and with handing over our documents needed.

Thanks again Tim and Colton. Will use on my next purchase, although that won't be for awhile!

[asp integra]

Saw mortgage rules are changing this month, what all will be different?