Mortgage Rates Today!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! - 01/14/09 10:25 AM
Best Mortgage rate right now are a 1 year at 4%  then 2 & 4 years at 4.69% then a 5 year at 4.74% all are fixed rates.  I find the variable rates a good deal right now, but as I don't know what's happening in the future the 0.60 & Prime woundn't be a good rate if prime goes up again.
 
 
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Best Mortgage Rates Jan 12, 2009 - 01/13/09 09:11 AM
Best Mortgage rate right now are a 1 year at 4%  then 2 & 4 years at 4.69% then a 5 year at 4.74% all are fixed rates.  I find the variable rates a good deal right now, but as I don't know what's happening in the future the 0.60 & Prime woundn't be a good rate if prime goes up again.
 
 
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Qualifying Mortgages with all of the different changes in Canada - 01/11/09 06:13 PM
It seems daily that the interest rates are coming down.  I opened up another email from a lender and they are at a 30 day close of 4.69%.  If only I had gotten a variable rate when they were at prime -0.90. 
Clients Qualifying for a new mortgage will be having a bit more trouble as the qualifying criteria has gotten more cumbersome with limits on the credit bureau score and down payment.  At this point someone who wants to get into a house without a down payment is looking at paying bank posted rates for a 5 year period.  With a minimum … (0 comments)

Why use a Mortgage Professional in the New Year? - 01/07/09 11:33 PM
 
well life's certainly getting interesting in the last few days.  Mortgage rates continue to edge lower so that more people can afford a mortgage and House Prices are starting to stablize.  Rates are awesome Best rates are 4.94% for a 5 year fixed.  I am anticipating the Canada Bank meeting on Jan 21, 2009 to see if Prime Rate goes up or down. 
I beieve that people will start to look at other options instead of the traditional banks and lenders in this new year as the rules have tightened up and the end of last year.  This is why … (3 comments)

Happy New Year - 01/06/09 09:41 PM
Well it's an exciting new year to look forward to.  This year many economist are predicting a low until mid spring when its starts getting exciting here in Canada.  House prices may start to rise by the end of the year.  Hopefully this will get some of our clients off of the preverbial fence and into a home and mortgage.  I think this is the year for focusing our efforts to educate our clients so that they can truly understand this process in home buying.  
So to everyone I would like to say Happy New Year.  Lets hope it's an exceptionally busy one
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Lynn Meldrum

Calgary, AB

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Lynn Meldrum with Verico Canada First Mortgage

Address: Calgary , AB, T2J 6X8

Cell Phone: (403) 554-9142

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