Ridiculous

I believe your mortgage is a large part of your financial plan. For a lot of people, it can be the largest debt or loan they ever have. It needs to be reviewed annually to ensure that it is working with you, rather than against you.



Think of it like this, you wouldn't visit your accountant only every 5 years to file your taxes. And you certainly would not meet with your financial adviser only every 5 years to review your investments. That seems ridiculous, doesn't it? Consider how much the market has changed in the last 3 years alone! So why would you review your mortgage only every 5 years? A main focus of most financial plans it to save for retirement and pay off the current mortgage. So why only look at it only 5 times over 25 years?

As a mortgage broker, I am like your accountant or your financial advisor - I am here to ensure that whatever financials goals you have, you reach them!

I can offer a complimentary mortgage review because the banks pay me so my clients do not have to. Isn't it worth 15 minutes over the phone to potentially save yourself tens of thousands of dollars? I would love to help you!

Welcome to Spring

Welcome to Spring! After a week of rain, hail, snow, sunshine and general weather confusion, Spring is finally here! Thankfully, the Canadian mortgage market has not been as confused as the weather this week. Rates are remaining low and, although the US economy has been more upbeat than late, there are concerns over American employment levels, higher fuel costs, fiscal cutbacks and the weak housing market. So long as these concerns exist, we can expect little change in the mortgage rates.

The article below is about getting ahead when rates are low. I firmly believe that a mortgage rate is only part of choosing the perfect mortgage for your home. Flexibility is key to creating financial freedom. If your mortgage is not working for you, or if you are not sure how to assess if it is working for you, I would be happy to offer you a complimentary mortgage review so you can be sure that your financial goals will be reached.

In less than a month I will be hosting my Birthday Extravaganza. It will be on Friday, April 13th at the Townhall Public House located at 19640 64th Ave in Langley, from 5pm - 9pm. The tickets are just $20 this year, and you will get a burger and drink. All funds raised are going to the Big Bike Ride for the Heart and Stroke Foundation. Please email me for further details and tickets.

Penalties

Happy Tuesday! Lots has been going on in the real estate market over the last couple of weeks. Home sales have been taking off and a record number of housing starts have begun to break ground. There has also been an announcement that lenders will now have to be more clear about the mortgage penalties they charge to their clients. Coming into effect over the next 6 to 12 months, lenders will be required to provide online mortgage penalty calculators, disclose the details of how penalties are calculated and show clients how to pre-pay their mortgages without incurring penalties. At this time, there is no standard for penalty calculations from bank to bank so hopefully that will be the next step.

A reminder that my Birthday Extravaganza will be on Friday, April 13th at the Townhall Public House located at 19640 64th Ave in Langley, from 5pm - 9pm. The tickets are just $20 this year, and you will get a burger and drink. All funds raised are going to the Big Bike Ride for the Heart and Stroke Foundation. Please email me for further details and tickets.

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.