Lynn Meldrum's (lmeldrum) Blog

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Mortgage and Lending - Lynn Meldrum with Verico Canada First Mortgage
RECENT BLOG POSTS
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As i sit here in my office I'm looking out the window and what do I see but a depressing snow storm.  This is about the time that it feels like winter is never going to end here in Calgary.  All the doom and gloom of the season here in western Canada,  It's so easy to get into this type of head s...
02/23/2009
Isn't this exiting what is happening here in Canada with the new budget.  The Conservatives (the reigning party here) have passed the buget and in that budget is the one thing that may get my business moving.  I'm talking about the rebate for renovations.  It a 15% rebate with a maximum of $1350....
02/16/2009
The beginning of the process is the mortgage application.  Make sure that everything is filled out and signed.  Please include everything that you own out right, any investments no matter how small, even a car if you still have a car loan for.  These are assets and are important to show because a...
02/11/2009
Hi all   I thought I would try this Blog again as I think it might be interesting what everyone thinks.    I have been reading several different Canadian Economists discuss what is going to happen in the next year.  Last year some said that by the beginning of 2009 our interest rates might be at ...
02/08/2009
Well it looks as though mortgage rates did some lovely dropping in the last few weeks along with the drop in Prime rates and in March who knows every economist that I've read in the last year keeps telling us that the interest rates will be going up (who needs any more doom and gloom).  in the la...
02/07/2009
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BAck from Mexico and wanting to go back as soon a humanly possible.  At least I missed the cold snap here in Calgary while I was gone.  Well 'm back and off to work I go.  Rates have dropped a lot in the last little while.  Best Rates right now are a 3 year fixed at 3.75%.  The Five Year fixed is...
02/05/2009
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.    
01/14/2009
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.    
01/13/2009
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...
01/11/2009
  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 J...
01/07/2009
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