First Time Buyers understand the implications of their mortgage. According to a recent CMHC survey, First Time Buyers are keen to educate themselves about mortgage before setting out to buy their first homeand 90% of them feel they understand.
The Bank of Canada increased the Prime Rate by .25% on Tuesday. That puts the Prime Lending rate at 2.75%. Still a historic low.
The New Eco Fees announced on July 1st, a complete surprise to consumers has caused so much havoc that the government has scrapped it!
WEEKLY E-RATES CLICK HERE
Congratulations Matt Miller of Oshawa! Grand Prize Winner of our Spring Contest.
Matt was referred by Michele Rowland of Sutton Group Status Realty Inc. He won a 42” flat screen HDTV by applying for his mortgage on-line through LowRate.ca!
Reno & Décor Magazine link to Elfie’s Article on Renovation Financing Pitfalls
Elfie Hayes
Lowrate.ca
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** 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.
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