Now is the time to qualify for more

The Bank of Canada has met and said that they are planning on leaving the Prime rate stable until well into 2012. This is awesome news for people with variable rate mortgages and lines of credit. But what about people with fixed rate mortgages? Well the time could never be better to get pre-approved to buy a new home. Low interest rates and flexible bank products make it easy for your clients to buy more home for their buck. Consider this, 3 years ago we could use 40 year amortizations, however, the interest rates were nearly 6%. In today’s market, we use a maximum of a 30 year amortization and because the rates are so low, clients can qualify for more. On a $300,000 mortgage, payments are now $295 LESS than they would have been just 3 years ago. That is a huge savings and means that clients can qualify to buy more. We offer no obligation consultations to anyone who is looking to see how much they can afford. In just 24 hours, we can inform a client of their purchasing power and hold rates for them for up to 4 month. You will know they are qualified, and they will be confident in their ability to buy their dream home!