Charmaine Idzerda's Page

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

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

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!

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

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