Home Mortgage Rates

Term Rate
Prime 2.75%
Variable 2.05%
1 Year 2.54%
3 Year 2.90%
4 Year 3.79%
5 Year 3.69%
10 Year 5.35%

Qualifying Rate

Sept 7 5.39%

Current Inflation

July 1.8%

5 Year Bond Yield

Sept 7 2.08%

 

Special conditions apply
Mortgage Rates subject to change.

 

Mortgage Secrets on AM730 – May commercials

Good debt vs. Bad debt: Good debt is tax deductible and bad debt isn’t. Did you know that you can write off the interest on your mortgage if properly structured? If you take out a mortgage for a business transaction, it becomes tax deductible. Purchasing a rental property is considered a business transaction.

Refinancing: Is your current interest rate 5 % (percent) or higher? If so, it might be a good idea to chat with our team today. Did you know that we can even add any penalty or expenses onto the mortgage while still covering your lawyer and appraisal costs? We can also consolidate other higher-interest debt and save you thousands in interest expense. Refinancing is simply a numbers game, sometimes it works and sometimes is doesn’t.

Self employed: Are you self employed and curious how this effects your ability to obtain a mortgage? There are many tricks as a mortgage broker that allows us the opportunity to assist you. In many cases your income on paper is far less then actuality. We have programs for just this circumstance called Stated Income.