The year has gotten off to a great start! Interest rates are low and buyers are getting into the market. However, Canadian interest rates are only part of the recent mortgage news. Last week the US Federal Reserve announced that they will be keeping interest rates low into 2014. This means that Canada will have little choice but to do the same.
There has also been plenty of speculation about stricter mortgage rules in the near future. Personally, I would not be surprised if amortizations were cut back to a maximum of 25 years in the next 6 months. Even if the rules change, I anticipate we will see very stable interest rates and a stable real estate market well into 2013.
As a special treat, I have put together a short video for you about what is happening in the mortgage industry. If you have any topics you would like me to discuss in my future videos, please feel free to email me.
Please check out my YouTube video here!
http://www.youtube.com/watch?v=wAs8cTXgi-c&context=C3aaf051ADOEgsToPDskIJW0-eenN85t0n30mTVG-v
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 Like my Facebook page at
www.facebook.com/JamieMoiMortgageTeam.
Tuesday, January 31, 2012
Tuesday, January 24, 2012
Take a Ride
The mortgage market has been incredibly busy this January and there is no sign of things slowing down. Lenders are promoting all kinds of rate sales and new products. This offers a lot of opportunity for people looking to get into the housing market for the first time, and for people focusing on paying their mortgage off sooner. Eventually interest rates will have to go up, however, for now they are at historic lows. If you currently have a mortgage, I can offer you a Complimentary Mortgage Review and show you how to pay your mortgage off faster than you imagined. I am currently working with several clients who are going to be able to pay their mortgage down by $72,000 to $105,000 in just the next 5 years by using this strategy! Your home is largest investment of your life and your mortgage is likely the largest loan you will ever have. Why not get ahead while the rates are low?
If you are looking for a new home, I can hold interest rates for up to 4 months, so you have the confidence and security of knowing what your financing will look like. If you have no idea how to even begin shopping for a home, come to the First Time Home Buyer's Seminar and Tour on Sunday, April 29th. You will learn the ins and out of buying a home and also get the chance to see homes listed in Langley and Clayton.
First Time Home Buyer's Seminar and Tour
SUNDAY, April 29, 1PM- 4PM
Looking to buy a new home and not sure how to do it?
Start point will be the Sutton Group West Coast Realty Office on Willowbrook Drive in Langley
Join us for an educational and fun seminar and real estate tour!
We will meet up for a 45 minute seminar, followed by a tour of properties in Langley and Clayton.
Come and see how buying is more affordable than renting!
Spaces fill up fast, so register early by emailing Jamie at jamiemoi@jamiemoi.com
Attend and be entered to win a $50 Gift Certificate to Earls.
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 Like my Facebook page at
www.facebook.com/JamieMoiMortgageTeam.
If you are looking for a new home, I can hold interest rates for up to 4 months, so you have the confidence and security of knowing what your financing will look like. If you have no idea how to even begin shopping for a home, come to the First Time Home Buyer's Seminar and Tour on Sunday, April 29th. You will learn the ins and out of buying a home and also get the chance to see homes listed in Langley and Clayton.
First Time Home Buyer's Seminar and Tour
SUNDAY, April 29, 1PM- 4PM
Looking to buy a new home and not sure how to do it?
Start point will be the Sutton Group West Coast Realty Office on Willowbrook Drive in Langley
Join us for an educational and fun seminar and real estate tour!
We will meet up for a 45 minute seminar, followed by a tour of properties in Langley and Clayton.
Come and see how buying is more affordable than renting!
Spaces fill up fast, so register early by emailing Jamie at jamiemoi@jamiemoi.com
Attend and be entered to win a $50 Gift Certificate to Earls.
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 Like my Facebook page at
www.facebook.com/JamieMoiMortgageTeam.
Tuesday, January 17, 2012
Too Good to be True
Happy New Year to you all!!! After a wonderful holiday season and a brief skip down to Mexico to recover from the festivities, it is back to the office. I'm so excited about 2012! Interest rates are going to be staying low and consumer confidence is getting back on track. The Bank of Canada met and there is no surprise that they kept Prime rate steady. The article below talks about the improving Canadian economy and the direction of the Central Bank.
Speaking of low interest rates, I am sure you have all seen the ads in the paper for the 2.99% 5 year mortgages. When looking at these products, please make sure to educate yourself. These mortgages are "no frills" restricted mortgages. What that means is that these mortgage products have limited pre-payment privileges and no option for early refinance. They are all written at 25 year amortizations. Signing for one of these products means you can only make limited extra payment and, most significantly, you cannot get out of the mortgage unless you sell your home!
The interest rate on a mortgage is only a fraction of what is important. Ensuring that your mortgage can work with your needs, regardless of what the future holds, is imperative. If you have questions about what you are seeing or reading in the news, please never hesitate to ask me. I am here as a source of information and my services are complimentary and without obligation. Make sure you get the best mortgage for YOU!
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 Like my Facebook page at
www.facebook.com/JamieMoiMortgageTeam.
Speaking of low interest rates, I am sure you have all seen the ads in the paper for the 2.99% 5 year mortgages. When looking at these products, please make sure to educate yourself. These mortgages are "no frills" restricted mortgages. What that means is that these mortgage products have limited pre-payment privileges and no option for early refinance. They are all written at 25 year amortizations. Signing for one of these products means you can only make limited extra payment and, most significantly, you cannot get out of the mortgage unless you sell your home!
The interest rate on a mortgage is only a fraction of what is important. Ensuring that your mortgage can work with your needs, regardless of what the future holds, is imperative. If you have questions about what you are seeing or reading in the news, please never hesitate to ask me. I am here as a source of information and my services are complimentary and without obligation. Make sure you get the best mortgage for YOU!
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 Like my Facebook page at
www.facebook.com/JamieMoiMortgageTeam.
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