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| Term | Our Rates Less then 20% down | 25 yr am Rates 20% down | 30 yr Rates or Rentals | Banks Posted Rates | |
| 1 Year Fixed | 6.19 | 6.44 | 7 | 6.34 | |
| 2 Year Fixed | 5.54 | 5.79 | 6.34 | 5.69 | |
3 year fxed 6o day qc pur 30 day qc switch | 4.29 | 4.54 | 4.84 | 4.74 | |
| 4 Year Fixed | 4.59 | 4.84 | 5.29 | 4.79 | |
| 5 Year Variable | 5.70 | 5.95 | 6.45 | 5.80 | |
5 Yr Fix ask for 4.64 30 day qc trf 60 day qc pur | 4.39 | 4.64 | 4.94 | 4.79 see email for quick close | |
| 10 Year Fixed | 5.8 | 6.05 | 7 | 5.55 | |
Kamloops Mortgages Scotia Bank
Scotia Bank is one of Canada’s “Big Five” banks. They’re also one of the most popular mortgage lenders in Kamloops, though it isn’t just because of their sheer size. Yet you may be able to get a better deal on a Scotia Bank mortgage than their posted rates. This is because Jodi Smith with Whalen Mortgages Kamloops gets a volume discount from this Kamloops mortgage lenders. Better yet, we pass these savings on to our customers.
Why should you work with a Kamloops mortgage broker with top lender status for Scotia Bank ? We’ve already said Jodi Smith with Whalen Mortgages Kamloops can help you save money. We can also reduce the odds your Kamloops mortgage application will be rejected. Your debt-to-income ratio may be too high, but you could kill the deal by applying for a credit card around the same time. Your credit score could be so low that the lender will reject the application. Yet you might be approved if you applied with a different lender. Mortgage brokers can shop your mortgage with a variety of lenders and find you a competitive mortgage deal. Errors on an application like leaving off key information or issues with your credit report can cause rejection, as well.
Know that a Kamloops mortgage lender won’t give you a better deal or faster response time because you’ve been their customer for years. They accept many of our clients’ applications in just a few hours. This is an invaluable service when you want to be preapproved for a mortgage before you go house hunting. It is essential if you’re in desperate need of a mortgage refinance to stay on top of your bills. What if the Big Banks reject your application? We can help you find an alternative lender immediately.
Why do we do so much business with Scotia Bank? One reason is that they’re one of the few big banks offering purchase plus improvement loans, loans that let you buy a fixer-upper and have the cash to renovate the property. Let us put together the renovation plan and submit it with the mortgage application to maximize the odds the loan is approved.
Why else should you consider working with Scotia Bank?
- You can pay an additional 15% every mortgage payment
- You’re allowed to make a lump sum payment of up to 15% of the loan balance every year
- You can double up on the house payments
- You’re allowed to skip a payment if you prepay without interest accruing on the loan balance
- You can prepay mortgage payments without penalty up to the prepayment privileges discussed above
- They have a 90 day rate hold
- Put 20% down on the house, and you might be able to get a 30 year amortization
- They offer portable mortgages
- You can take advantage of their debt consolidation loans, HELOCs or unsecured loans.
Talk to the Jodi Smith with Whalen Mortgages Kamloops team to learn if Scotia Bank is the right mortgage lender for you. We’re the top Kamloops mortgage brokers. Call us today or apply online to find the best mortgage product available.
Call your Kamloops trusted mortgage brokers at team Jodi Smith with Whalen Mortgages Kamloops to get started with your mortgage transfer or new home purchase. 236-259-1814 or apply online.