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Thursday, September 22, 2011


o you have a variable rate mortgage or do you know anyone that does? They could be paying a lot more than they need to.

Prime rates have fallen or remained steady over the last two years and with the latest Bank of Canada decision (April 12th) still unchanged at 1%, most banks prime rates are still at 3%. If you or anyone you know has a variable mortgage that was taken over the last several years chances are they are paying too much and will continue to pay more unnecessarily…why?..... because.. a lot of variable mortgage taken out a few years ago were at prime plus .5% or even plus .75% meaning the rate would be 3.5% to 3.75%!! Today’s variable mortgage are priced at Prime minus .60%.. meaning your rate could go from 3.75% to 2.40%.. That’s a difference of 1.5% which could easily save you thousands and thousands over the next few years even with the penalty to discharge.

With interest rates expected to remain low over the next little while, there is no better time to have a look at your own mortgage and switch or refinance your mortgage along with your other debt into one easy payment. Your mortgage amount might be higher but I can show you how to pay it off years sooner while keeping your monthly cash flow the same which means even greater savings.

Call or email me today and let me show you how this is all possible through Choice, Convenience and Counsel that a true mortgage professional like myself can offer because……why pay more than you have to…. Visit my website to apply.



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Wednesday, September 21, 2011

Bank of Canada signals no interest rate increases for a while


Governor Carney said yesterday that “given current material headwinds, the policy rate can return to its long-run level after inflation is projected to reach the 2 per cent target and output is projected to reach its potential”, highlighting the lack of urgency to tighten. The Bottom Line: Despite the upside surprise to core inflation, the Bank of Canada appears in no rush to tighten given the economic and financial market headwinds that are currently blowing. Low rate environment is here to stay for now. On the downside, low rates mean increase speculation and rising home prices. If you want to take advantage of these low rates and renew your mortgage early contact me to find out how much you can save.
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Thursday, September 15, 2011

Mortgage Alliance Rally of Hope raises record amount of Money

I just got word today that the Mortage Alliance Company's charity , the MAC Rally of Hope raised over $110,000 to help fight breast cancer. This all started 4 years ago when a head office employee found out her mom had cancer. She decided to run in a local cancer fundraiser to give her mom some moral support.
Mortgage Alliance is unlike many superbroker mortgage companies. Everyone in head office acts like they are from a small town. and like they are family. The president, Michael Beckette and several other people supported her on the run. They decided that as we benefit from the community it was time to pay back for the support of home owners over the years. As a result, a cross Canada motorcyle run was organized. This event involved several head office people as well as individual mortgage associates riding portions of the Trans Canada from Vancouver to St. Johns , Newfoundland.
At a number of cities along the way, gatherings were organized by the local offices to welcome the bikers. The first year about $60,000 was raised. Now, the whole compnay has rallied around breast cancer as our corporate charity of choice.
Please support us when we ask you to buy a bracelet or attend a local function to raise funds. While this started as a Mortgage Alliance effort, we want it to become a community event in every town the motorcycles drive through. Let's face it, every one of those towns is affected by cancer, let's band together to fight this horrible disease. If you would like to help or want to know more about next year's event contact me
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