Well Being

If you are considering buying a home, or currently own a home and have a mortgage, the thought of being able to one day pay it off may seem like a distant dream. Owing several hundreds of thousands of dollars to the bank may mean you get to live in a nice home, but it can also mean that you will have payments for years to come. Taking advantage of low interest rates has never been more important than now! As the economy recovers over the upcoming years, learning how to get ahead and develop a strategy for decreasing your mortgage principal is significant to your overall financial well being. No one wants to retire with a mortgage!



I can show you 3 strategies to help you decrease your mortgage balance dramatically, and build your equity faster than ever!

All the best!


Jamie Moi, AMP
Dominion Lending Centres - West Coast Mortgages
Your mortgage consultant for life
604-534-6504
jamiemoi@jamiemoi.com



And don't forget to check out my Facebook page at

www.facebook.com/JamieMoiMortgageTeam.

Jump Start

If you have been sitting back through 2011 waiting to see if the real estate market was going to collapse, good news is here! Sales have officially increased since last year. We are expecting to see little to no growth next year and even a slight decline in the market, meaning that stability has finally set in. This is great news for people who are looking to get into the market, as I expect we will continue to see a buyers' market prevail especially over the next 4 months. With interest rates remaining at record lows, this is a perfect time to buy a home and get a good jump on paying down the principal.

If you are currently in a mortgage, and would like to know how you can get ahead and take advantage of the current great interest rates, give me a call. Even if we determine that refinancing your mortgage is not in your best interest, I can teach you 2 strategies to pay your mortgage off faster than before. This means that you can increase your equity dramatically! Don't miss out on paying your mortgage off faster while the rates are low!

All the best!

Jamie Moi, AMP
Dominion Lending Centres - West Coast Mortgages
Your mortgage consultant for life
604-534-6504
jamiemoi@jamiemoi.com

And don't forget to check out our Facebook page at
www.facebook.com/JamieMoiMortgageTeam.

Plastic?

Only 40 sleeps until Christmas and it seems that the Bank of Canada celebrated by releasing plastic $100 bills into circulation yesterday. Banks would certainly prefer that we all use plastic for payments however, they were hoping it would be by way of debit and credit cards which they can charge user fees on. The $100 bill is just the beginning, $50 bills will be released in May and $20, $10 and $5 bills are scheduled to be available in 2013. With the release of these new bills, the Bank of Canada is showing that it understands that cash is still king and respecting that Canadians need a currency they can count on. The new polymer bill costs almost double what paper bills costs to produce at $0.19 however, they are also estimated to last 2.5 times longer. Paper bills will be slowly removed from circulation, so be prepared to tell your kids that "once upon a time" money was made of paper.

In mortgage news, interest rates are staying stable with only minor movements in fixed rates and variable discounts. With prime expected to stay low until 2013, it is unlikely that deep discounts will return any time soon to variable products.

If you are looking to buy your first home, tomorrow is the last day to register for the First Time Home Buyers Seminar and Tour happening on Sunday, November 20 from 1pm - 4pm in Langley. The tour will begin at the Sutton West Coast Realty office on Willowbrook drive where in a 45 minute seminar we will explain the ins and outs of buy a first home. This will be followed by a tour of available properties in the Langley/Clayton area. Please email me by Wednesday, November 16th at 9pm to register at jamiemoi@jamiemoi.com

All the best!

Jamie Moi, AMP
Dominion Lending Centres - West Coast Mortgages
Your mortgage consultants for life
604-534-6504
jamiemoi@jamiemoi.com

And don't forget to check out our Facebook page at

www.facebook.com/JamieMoiMortgageTeam.

Movement

Happy Tuesday! It has been an exciting week in the office as it seems that consumer confidence is on the mend. With condos and town homes selling, there is some nice movement coming back into the market. There is also a little bit of movement in interest rates. Fixed rates seem to be holding stable and low and there are rumors that they may even come down slightly. Prime is stuck firmly where it is until the Bank of Canada meets again on Dec 6th. However, the discounts on variable rates are shrinking. Only a few months ago we were seeing variable rates at Prime less 0.75%, now most lenders are offering their variable rates at Prime or just slightly discounted.

With uncertainty in the market, many home owners are considering renovating rather than buying a new home. If this is something you have been considering, come out to the Greater Vancouver Home Builders Association Renovation Seminar on November 22. The details are in the article below and I will be attending as an exhibiter at the trade show from 5:30pm - 7:30pm. I would love to answer any questions you may have about using your home equity to create the renovations of your dreams.

If you don't own already, come out to the First Time Home Buyers Seminar and Tour I am co-hosting on November 20th. Learn all there is to know about buying a home and get to tour some available properties. The deadline for registrations Nov 16th. Further details are on the side panel of this newsletter.

If you have any questions or would like to learn more about how we can help you to save thousands of dollars on your mortgage every year, please let me know.

All the best!

Jamie Moi, AMP
Dominion Lending Centres - West Coast Mortgages
Your mortgage consultants for life
604-534-6504
jamiemoi@jamiemoi.com

And don't forget to check out our Facebook page at

www.facebook.com/JamieMoiMortgageTeam.