I have been enjoying all the radio, TV and print ads from the major banks telling everyone about 2.99% for 4 years as if they are offering you something special. I do have that available with other lenders as well, but I have something even better…2.89% for 4 years! That is better than the banks are offering!

Contact me today and we can get you locked in for this special offer.

If you go on The Children’s Wish Foundation of Canada website, you’ll see a video about Darcy Lee. He’s a 6 year old with Idiopathic lymphedema(with pleural and pancardial infusions), an illness usually resulting from an impaired lymphatic system (part of the immune system that deals with infections). The illness causes swelling in the body, most commonly in the arms and legs. There currently isn’t a cure for this illness. (more…)

Many in the public have been surprised at the rate increases in variable rate mortgages this past month. For myself and some others in the industry, the only surprise was that it took so long to do it. It has been a year in which lenders have been talking about how they were making minimal profits and even losing money on these variable rates. (more…)

The Canadian Association of Accredited Mortgage Professionals (CAAMP) today released their latest set of statistics regarding mortgages and real estate in Canada. In summary: (more…)

On Tuesday the Bank of Canada decided to leave its key lending rate unchanged at 1%, meaning that the prime rate for variable rate mortgages also will remain the same until at least their next meeting. I came across this article which I found very informative and talks about a number of various economic factors and statistics. (more…)

With the recent news that in the past year Greater Vancouver real estate prices had increased by an average of 18% from already very high levels, and historic lows in rates possibly coming to an end soon, the time is a great one for homeowners to refinance their mortgages and reduce their unsecured debt, lower payments and provide themselves extra cash flow to handle life’s expenses and invest. (more…)

Make your mortgage tax deductible and pay it off years sooner!

This is my first note today about Tax Deductible Mortgage Plan (TDMP) mortgages. This is an exciting plan for many people who are paying too much in income taxes every year and are not able to save money or invest as they would like to. Best of all, this is court backed and with TDMP guidance, is a very safe strategy.

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I was reading the Globe website today and saw this article about a mortgage broker in Toronto who thinks that the mortgage changes are a good thing for consumers.

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Attractive mortgage rates lured more home buyers into the market in 2010. Doom and gloom predictions brought on by the HST, tighter mortgage rules and projected interest rate increases failed to materialize.

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