RECENT BLOG POSTS
Call me while you can. The 40 year amortization will be eliminated soon. Even though the Ministry is allowing until October, some of the lender have removed their 40 year amortization already. Give me a call to get your approval today and get the 40 year amortization-905-978-7283
More interest rate reductions are expected to follow......stay tuned
New products available for purchasing a rental property. 100% financing available. Please contact me fordetails.905-978-7283
Canada's prime went down 0.25% last week to 5.75%. The possiblility of another decrease is possible due to the effects the American market is having in Canada. The rates today are as follows: 6 months 6.50%1 year 5.74%2 year 5.99%3 year 5.99%4 year 5.99%...
The prime lending rate is down by 0.25%. It is expected that the fixed rates could come down shortly. Clients currently in variable rate mortgages are in good position. The high Canadian dollar and the lower bond prices are the major factors in the rate decrease.
See below article by Benjamin Tal (CIBC econominst) regarding the US Sub Prime market It’s far from over. The news from the US subprime space will get much worse in the coming year, with default rates surging to unprecedented levels. But what really counts for the market is how much of this bad ...
World Markets – StrategEcon Containing Contagion CONTAGION - When an economic crisis in one country's bond or equity markets spreads to other countries which experience the same problems. The term comes from the more general definition of contagion, which is a highly transmittable disease. Just...
Are you looking to purchase or know someone who would like to buy? Don't have a down payment? No problem.....you don't need a down payment. If you have sufficient savings to cover your closing costs which are approximately 1.50% of the purchase price, and you qualify under normal lending criter...
You can receive a rate guarantee for up to 120 days. If you are looking to purchase, refinance or renew, you can receive a rate guarantee now and it will protect you from any rate increases during that time. If the rate goes down, the lender honours the lower rate. Drop me an email today if yo...
RECOMMENDATION FOR MORTGAGE BROKER - BETH JEYSMAN At the beginning of July I moved into my new home, which for me was house #5. I've always arranged my mortgages on my own either through a bank or major mortgage lender. This time however, I tried the services of Beth Jeysman who has a posting on ...