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According to the latest article from CMHC, housing starts have picked up the pace and are re-growing.
The seasonally adjusted annual rate of housing starts increased to 150,400 units in August from 134,200 units in July, according to Canada Mortg...
RITA TRICHUR Toronto Star: Falling bond yields could spur a slight drop in medium-term residential mortgage rates this summer, but bargain-hungry consumers would be foolish to count on considerably cheaper borrowing costs, experts say.
About a mon...
This new exciting mortgage product is currently at a rate of 2.75%!
-Purchase must close by August 28th, 2009
-The 18-month term is convertible at any time with no penalty to a 5 year fixed rate mortgage, at published rates available at time of c...
Would you like to pay an extra $300 per month on your mortgage? Not likely.
That hasn’t stopped a number of Canadians, with the deal of a lifetime on a variable-rate mortgage, from switching over to a more expensive fixed-rate product and paying ...
A new mortgage product has recently been launched.
This new and innovative product called the 50/50 WISE mortgage. Don’t choose between Fixed and Variable. Choose Both!
They key aspects to this new mortgage are detailed below:
•50% of mortgage is...
Many lenders have raised their interest rates on 5 year and longer fixed rate mortgages.
Why is this happening?
Banks lend more money than they take in through deposits. In order to meet the demand for customer loans, they borrow money in financ...
The Home Renovation Tax Credit (HRTC) can help improve the value of your home.
Renovating your home is an investment in the long term value of your home. Here’s how the 2009 Home Renovation Tax Credit can work for you. Canadian homeowners can clai...
It means that you can get a 5 year fixed rate Mortgage for as little as 3.69% Quick Close Special (the lowest in Canadian history) and a variable rate at 2.85% (Prime plus 0.60).
Another important point, never before made, is that the Bank of Cana...
During Canada’s “Housing Boom”, that occurred roughly from 2002 to 2008, unsound price increases drove up levels of building. Affordability of these prices have diminished significantly leaving a large disconnect between house prices and income. T...
I love hearing about "creative" solutions. I bought my first house in 1995 using some 'out of the box' creativity. Still makes me smile when I remember how many times the banks and lenders would say to me "Pardon? I've never heard of that before.....
As home buyers keep hearing about the “credit crunch” and doom and gloom, they wonder if they will ever be able to realize their dream of home ownership.
I guess it depends how you look at life, is the glass half empty or half full. I personally b...
When you post any article to a blog, make sure you try to hyper-link at least one of the keywords back to your web site. For example, you could create a "10-point check list for breaking a mortgage" page or blog posts on your site, then hyper-link...
Comment Wall (3 comments)
- At 4:29pm on September 2, 2009,
Carolyn Moshtagh said…
- Hi Charmaine, I would like to invite you to my networking group...no charges. It will be on Monday 14th September at 8:30am in Burlington. If you are interested I will send you the address
thanks
Carolyn
- At 8:00am on March 1, 2009,
Peter Mitchell said…
- Hey,
Great to see you using our system. Are you going to the TER next month in Toronto?
Peter
http;//www.thereferralnewsletter.com/peter
- At 11:34am on February 28, 2009,
Peter Mitchell said…
- Hi Charmaine,
Welcome to this networking site, if there is anything I can do for you just send me a message.
Peter
http://www.sendoutcards.com/pmitchell
Profile Information
- What is the name of your business?
- Verico Designer Mortgages Inc.
- What is your main business telephone number?
- 905 336-5997
- What business are you in?
- Mortgage Brokerage
- What is your main website address?
- http://www.DesignerMortgages.ca
- What is your Blog address?
- http://www.DesignerMortgages.ca/blog
- Tell us more about yourself
- I am the Owner/Founder of Verico Designer Mortgages Inc. in Burlington. I founded the company in 2007. I have over 25 years of banking experience and have been a Mortgage agent/broker since 2003.
Charmaine Idzerda's Blog
Housing Starts Increase in August
According to the latest article from CMHC, housing starts have picked up the pace and are re-growing.
The seasonally adjusted annual rate of housing starts increased to 150,400 units in August from 134,200 units in July, according to Canada Mortgage and Housing Corporation (CMHC).
“Housing starts are trending higher, reflecting improvements in both the single and multiple segments,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “The improvement in housing starts is consiste… Continue
The seasonally adjusted annual rate of housing starts increased to 150,400 units in August from 134,200 units in July, according to Canada Mortgage and Housing Corporation (CMHC).
“Housing starts are trending higher, reflecting improvements in both the single and multiple segments,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “The improvement in housing starts is consiste… Continue
Posted on September 28, 2009 at 2:10pm —
Could bonds pull mortgage rates down even more?
RITA TRICHUR Toronto Star: Falling bond yields could spur a slight drop in medium-term residential mortgage rates this summer, but bargain-hungry consumers would be foolish to count on considerably cheaper borrowing costs, experts say.
About a month ago, banks blamed soaring bond yields for two sizeable hikes to key residential mortgage rates.
Those moves drove up posted rates on five-year fixed-rate loans by 60 basis points to 5.85 per cent.
While yields have reversed course in recent we… Continue
About a month ago, banks blamed soaring bond yields for two sizeable hikes to key residential mortgage rates.
Those moves drove up posted rates on five-year fixed-rate loans by 60 basis points to 5.85 per cent.
While yields have reversed course in recent we… Continue
Posted on July 13, 2009 at 9:53am —
New 18 Month Mortgage Released!
This new exciting mortgage product is currently at a rate of 2.75%!
-Purchase must close by August 28th, 2009
-The 18-month term is convertible at any time with no penalty to a 5 year fixed rate mortgage, at published rates available at time of conversion
-20% prepayment allowed each year!!
-You may also increase payment by 20% each year
-On this product a minimum amortization of 15 years is allowed
Email Charmaine@designermortgages.ca for more information on getting this exciting new product!
-Purchase must close by August 28th, 2009
-The 18-month term is convertible at any time with no penalty to a 5 year fixed rate mortgage, at published rates available at time of conversion
-20% prepayment allowed each year!!
-You may also increase payment by 20% each year
-On this product a minimum amortization of 15 years is allowed
Email Charmaine@designermortgages.ca for more information on getting this exciting new product!
Posted on June 30, 2009 at 11:01am —
Thinking about converting your variable mortgage? Read this first!
Would you like to pay an extra $300 per month on your mortgage? Not likely.
That hasn’t stopped a number of Canadians, with the deal of a lifetime on a variable-rate mortgage, from switching over to a more expensive fixed-rate product and paying the extra freight.
A fear of rising rates is driving the rash decision. But if you’ve finally managed to pin your banker to the ground, why on Earth would you let him off the mat?
More than 28% of Canadians have a variable-rate product tied to prime,… Continue
That hasn’t stopped a number of Canadians, with the deal of a lifetime on a variable-rate mortgage, from switching over to a more expensive fixed-rate product and paying the extra freight.
A fear of rising rates is driving the rash decision. But if you’ve finally managed to pin your banker to the ground, why on Earth would you let him off the mat?
More than 28% of Canadians have a variable-rate product tied to prime,… Continue
Posted on June 22, 2009 at 11:29am —
The Best of Both Worlds!
A new mortgage product has recently been launched.
This new and innovative product called the 50/50 WISE mortgage. Don’t choose between Fixed and Variable. Choose Both!
They key aspects to this new mortgage are detailed below:
•50% of mortgage is at the lowest ARM rate in the Industry (currently, prime +.40 = 2.65%). With flexibility to convert to a fixed rate mortgage.
•50% of the mortgage is secure at a competitive 5 year fixed rate.
•Combined total is at the lowest current 5 year effective r… Continue
This new and innovative product called the 50/50 WISE mortgage. Don’t choose between Fixed and Variable. Choose Both!
They key aspects to this new mortgage are detailed below:
•50% of mortgage is at the lowest ARM rate in the Industry (currently, prime +.40 = 2.65%). With flexibility to convert to a fixed rate mortgage.
•50% of the mortgage is secure at a competitive 5 year fixed rate.
•Combined total is at the lowest current 5 year effective r… Continue
Posted on June 10, 2009 at 4:12pm —
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