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buy: Interest Rates Dropping again - 01/19/09 08:54 AM
According to globeandmail.com, Bank of Canada is preparing to decrease its key interest rate this week in order to provide stimulus to the economy. With unemployment on the rise and inflation quickly diminishing, economists widely expect the Bank of Canada to cut its key rate by half a percentage point tomorrow. Market analysts will then pore over the central bank's new economic outlook, to be released Thursday, for clues about whether the B of C will take rates even lower, perhaps even to zero.
Note: An adjustment to the Bank of Canada key interest rate will affect variable /adjustable rate mortgage products … (0 comments)
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buy: FREQUENTLY ASKED QUESTIONS - CANADIAN MORTGAGE SOLUTIONS - 01/10/09 02:04 AM
Why use a Mortgage Broker?
•· Power of professional negotiating expertise.
•· One stop convenience for access to numerous mortgage products.
•· Unbiased knowledgeable advice.
•· Access to unadvertised rates.
•· Work for you, not the Bank.
What is the Homebuyers Plan?
•· Home Buyers Plan is a federal government program that allows homebuyers to use $20,000.00 for each purchaser from his/her own RRSP.
•· You must not have owned a principal residence within the last 5 years.
•· You must intend to occupy the home as a principal residence.
•· Minimum repayment is 15 equal annual installments. This … (0 comments)
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buy: Happy Holidays Everyone - 12/24/08 01:41 PM
This holiday season, my thoughts turn gratefully to those people who have made my success possible.
It is in this spirit that I say thank-you and best wishes for the holiday season and a very happy new year.
May peace, prosperity and joy be with you all!!!
All the best!
Shaun
… (1 comments)
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buy: Equity & Vision mortgage programs suspended by another Lender. - 12/24/08 01:23 PM
Equity (low documentation) and vision (damaged credit) mortgages became more difficult to obtain in Canada this week as Concentra financial announced that it was "temporarily" suspending these programs in response to the current conditions of the economy and credit conditions in Canada.
These types of programs are very important to customers who don't fit the traditional "A" lending requirements of most banks and institutions.
Equity programs allow for reduced amount of required documentation in underwriting a mortgage. Over the past few years, lenders have been willing to allow for less documentation in situations where there is sizable amount of equity (security) in a property. … (0 comments)
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buy: Don't have 5% Downpayment --There are still Options - 11/08/08 04:15 PM
Recent changes in federal regulations on mortgages have eliminated the popular zero-downpayment financing programs that were available through the major mortgage default insurers.This does not mean that you will be unable to purchase a home without a minimum of 5% downpayment saved.
All Source Mortgages uses several lenders who have options available even if you don't have 5% or more saved towards the purchase of a home. It is important that you get in touch with a mortgage professional in order to discuss all of your options.
Fast Facts about Downpayment programs offered by All Source Mortgages
Do I qualify for a mortgage with Less than … (0 comments)
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Shaun Serafini B.MGT
Lethbridge,
AB
More about me…
Shaun Serafini - Mortgage Expert - All Source Mortgages
Office Phone: (403) 382-1564
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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