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house: Lethbridge Mortgage Blog -- Consumers Beware - Your Line of Credit may be Rising - 02/27/09 02:58 PM
If you happen to hold an unsecure line of credit with a Canadian financial institution, you may be receiving some troublesome news - payments and interest could be on the rise. This increase is not due to the Bank of Canada raising the Prime rate however. Several of the major financial institutions in Canada are concerned that their earnings may be affected by the historically low interest rates that exist in the marketplace at present and are taking it upon themselves to change things, by increasing their own rates.
TD Canada Trust sent out a wave of letters to customers that … (4 comments)

house: 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)

house: Canadian Govt considering offering tax credit for home renovations - 01/15/09 12:07 PM
Interesting news today that the Harper government has been floating the idea of a tax credit for home renovations. The thinking is this type of incentive could provide a significant stimulus for Canada's floundering residential construction industry. The idea also could serve as a significant boost to the much needed lumber and forestry sectors that have experienced major declines in demand since the US housing crisis and worldwide economy downturn over past 2 years. 
From todays Report on Business (globeandmail.com)
Deliberations continue as Canada's premiers meet today in Ottawa to put the final touches on a budget request for Prime Minister Stephen … (0 comments)

house: 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)

house: Email that made my day. - 01/06/09 06:52 PM
Today I received an email out of the blue from a client that I helped with a mortgage in the early summer. The email was simply to thank me for the job that I did for her and her boyfriend when they purchased a home in order to relocate to a new city. It sure was a good feeling to know that I was still in mind almost half a year later. I will be adding this email to my testimonial section shortly.
It is situations like this that make the job that I do rewarding every single day. To be able … (2 comments)

house: 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)

house: Tips for saving on your winter heating bill!! - 12/16/08 01:54 PM
With the recent cold snap that we have experienced in the West, I felt that it was important to provide a few helpful hints to help enjoy a warmer winter and curb the evil heating bill!
#1 - Caulk (or re-caulk) around the frames of doors and windows with acrylic latex caulking.
#2 - Check for gaps and cracks around exterior light fixtures, outdoor taps and other through-the-wall openings. Insert pre-cut draft-blocking gaskets where required.
#3 - Install door sweeps and/or weather stripping on all doors to outside.
#4 - Turn down the thermostat when going to bed or when you will … (0 comments)

house: New Mortgage Rate Update - 12/15/08 12:14 PM
Here is a summary of All Source Mortgages best available interest rates vs. Major bank posted rates and cost savings on a mortgage of $250,000. Are you sure that your bank has your best 'interest' in mind?? Contact me today for a free, no obligation comparison!
… (0 comments)

house: 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

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Shaun Serafini - Mortgage Expert - All Source Mortgages

Office Phone: (403) 382-1564

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