February News & a Special Event This Tuesday!!!

It's A Great Time To Be Canadian

While many parts of the world are struggling economically and housing has become out of reach for many, Canadians are still enjoying vibrant times in both housing and the overall economy. Credit agencies around the globe continue to rank Canada in the top echelons of well managed countries.

Some facts

                -12.5 million households in Canada…31% rent, 69% own

                -of the 69% that own, 39.9 have a mortgage and 28.9% have no mortgage

                -69% of homeowners have more than 20% equity in their homes

                -1.5 trillion in household debt but 1 trillion of that is in mortgages

As Canadians we are in the fortunate position to be well equipped to take advantage of our responsible nature and the fact that interest rates are at the most favourable rates and terms in history. Looking at your own situation in the most of opportunistic times only makes for responsible and smart borrowing.

If you're thinking of buying your first or second home, borrowing to invest to increase your wealth and take advantage of current tax laws or simply need to refinance all your debts into one, together we can put a plan in place that looks at all the choices you have to take advantage of this extraordinary time.

Your options are as unique as you are, call or email me today and together let’s start exploring your opportunities.

February 21st @ 7:00pm

We have opened up our office to the Fast Track Group and they will be providing a no-cost info night on their current tax shelter program.  If you are interested in finding out how you can keep more money in your own pocket then please join us - that is unless you like paying the tax-man!!

I thought this ad would help kick start your weekend with some laughter.  I hope you enjoy.

QUICK CLOSES & SPECIAL OFFERS (some conditions apply)

Variable Rate Specials (prime rate 3.00%)
2.9% = 3 Year Variable Rate at Prime minus 0.1%
2.9% = 5 Year Variable Rate at Prime minus 0.1%

Fixed Term Specials
2.74% = 1 Year Fixed Term (high ratio business only)
2.74% = 2 Year Fixed Term (high ratio business only)
2.89% = 3 Year Fixed Term (Promo rate that can be discontinued at any time)
2.99% = 4 Year Fixed Term (Preapprovals not available on conventional/low ratio deals)
3.14% to 3.19% = 5 Year Fixed Terms (specific conditions and restrictions apply)
3.89% = 10 Year Fixed Term

Other Mortgage Term Specials
5.5% CASH BACK = 5.14% 5 Year Fixed Term with 5.5% cash back on closing for down payment or closing costs
2.0% CASH BACK = 3.95% 3 Year Fixed Term with 2.0% cash back on closing (up to $7500)

STANDARD MORTGAGES AND RATES)

VARIABLE MORTGAGES/LINES OF CREDIT CLOSED - prime rate = 3.00% (3 months interest to pay out in full early):

2.9% = Variable 3 Year Closed best is prime MINUS 0.1%
2.9% = Variable 5 Year Closed best is prime MINUS 0.1%

VARIABLE MORTGAGES/LINES OF CREDIT OPEN - prime rate = 3.00% (no penalty to pay out in full):

3.50% = Line of Credit at Prime Plus 0.50% (up to 80% loan to value)
3.85% = Variable 5 Year Open best is prime plus 0.85% (up to 95% loan to value)

Fixed Term Mortgages (Four Month Rate Holds – Six month rate holds available on request)

1 year Fixed Term = 2.94%
2 Year Fixed Term = 3.15%
3 Year Fixed Term = 2.89%
4 Year Fixed Term = 3.25%
5 Year Fixed Term = 3.29%