Greater Vancouver Credit Union
Mutual Funds Investment Specialist, Credential Asset Management Inc.
Senior Loans Officer, Greater Vancouver Community Credit Union
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 firstname.lastname@example.org 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.