Mortgage Intelligence

First Time Buyers use Mortgage Brokers! CMHC shows 44% use Mortgage Brokers.

CMHC has shown that currently 44% of all first time homebuyers use the resources that only a Mortgage Broker can offer. Generation Y: Also called Echo Boomers (Sixty million strong have grown up on the internet). They do their homework before buying and are savvy when it comes to finances, they want to know the rates and other costs associated with home ownership.

It makes sense for them when buying real estate to use a Mortgage Broker. WHY?... They can apply online, get access to “what if “ scenarios and other need to know information. They want answers quickly, are loyal when a Mortgage Agent demonstrates the skills and understanding they need to make the biggest purchase of their lives.

Service and Price are important to them. The GOOD news is they share information good or bad.

Busy lives call for quick solutions and secure on-line Mortgage applications provide the opportunity for both. In the comfort of your own home, you can research and apply for a pre-approval and through my office receive the information with-in hours.

Efficient knowledgeable, secure service and some of the best rates in Canada, it’s a combination first time buyers want and need!

A Guide to Your New Home Warranty is available from Tarion. Down Load here (pdf) booklet

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Severe CMHC Tightening Announced Again!

Subject:

Severe CMHC Tightening Announced Again!

Send date:

2010-03-03 10:41:19

Issue #:

Content:



	Following the announcement that the Government is now regulating some aspects of Mortgage borrowing, CMHC made more severe tightening announcements that will dramatically effect all Self-Employed and Commissioned Salespersons. Self-Employed/Commission lending is the newest area of severe tightening along with further restrictions for borrowers who want Variable Rate Mortgages. You must see the full details to understand the effect on homebuyers, in general and your own capacity to borrow. For full details Click: New Mortgage Rules Rates are steady this week with the Best 5 yr fixed mortgage at 3.79% or 3.69% if the deal can close in 30 days or less. Variable is still 1.85% for 5yrs. WEEKLY E-RATES CLICK HERE Your Subscription:

** Interest Rates are provided for information purposes only and are subject to change at any time without notice. The products listed above are available only in Canada to Canadian residents. Rates shown are for single-family residential properties only and are subject to meeting all lender credit granting criteria. Rates shown above may be specific to the sender and some conditions may apply. E&EO Mortgage Agent Lic # M08001377* Mortgage Brokerage Lic # MI10428 * The information and opinions contained in this document are obtained from various sources and believed to be reliable, but their accuracy cannot be guaranteed. The publisher assumes no responsibility for errors and omission, or for damages resulting from using the published information and opinions. This document is provided with the understanding that it does not render legal, accounting, or other professional advice. Whole or partial reproduction is forbidden without written permission.