Greater Vancouver Credit Union

Harj Wahid

Mutual Funds Investment Specialist, Credential Asset Management Inc.

Senior Loans Officer, Greater Vancouver Community Credit Union


tel:         604.298-3344

fax:        604.298-3417

email:    hwahid@gvccu.com

web:      www.gvccu.com

Current Rates (As off May 20th, 2020)

1 Year 3.60%

2 Year 3.75%

3 Year 4.00%

4 Year 4.50%

5 Year 5.15%


We are still using a 90% rental offset on new purchases for principal residences and if the property is an investment property try using 75% offset just for qualifications. 

Deals have to be submitted to mortgages@gvccu.com and all the docs must be sent in with the submission.

GVCCU always requires 3 yrs T1 Gens, 3yrs T4's, and 3 yrs NOA's. 


Then the main credit dept sends the deals out to whichever branch they choose.


Also, keep in mind that you can only use the rental income from 1 suite in the owner-occupied home even if there are more suites and it must be a legal suite.

 

Subscribe Form

(604) 593-1550

(604) 608 5508

12725 80 Ave Suite 202, Surrey, BC V3W 3A6, Canada

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