There is so much activity, that Lenders are struggling to keep up with the demand of new mortgage applications. They are advising that it could take up to a week to see an application for the first time.
Many new buyers are wanting to lock into a rate, but the Lenders are focusing on REAL DEALS that are ready to be funded with a purchase contract.
So if you are out there shopping around for low mortgage rates. Do not delay as they are changing by the hour and you could lose out on a good rate.
Cal for more details to Centum Pacific Mortgages, 604-609-0333 or walk into our office at 1385 Homer Street, Vancouver, BC, CANADA V6B 5M9 next to Yaletown.