Thursday, December 22, 2011

Merry Christmas and Happy New Year!

It’s hard to believe another year is quickly drawing to a close! The holiday season is a great time to stop, take a little break and realize how thankful you are for everything in your life.

So, I’d like to take this opportunity to thank you very much for your patronage and to wish you a very Merry Christmas and a Happy New Year! I really enjoy getting to know each and every one of you and count the opportunity to meet and connect with so many great people the greatest perk of my job!

I’d also like to thank you for all of your referrals during the past year. It is wonderful to know that you value my service enough to recommend me to your closest friends and family. As always, I promise to treat any of your referrals with the utmost care, consideration and respect. Thank you again!

2011 has been an interesting and busy year in the mortgage business, especially because of the rock bottom interest rates we’ve enjoyed throughout the year. If the experts are correct, we’ll continue to enjoy low rates for much of 2012 and beyond, at least until the rest of the world can get their economies in order. Alberta continues to be a leader in Canada and the rest of the world as far as economic stability is concerned so we should all take a moment to be thankful that we enjoy the amazing opportunities that come with living in Alberta.

Wishing you and your loved ones much health and happiness in 2012.

Cheers and all the best!

Thursday, December 15, 2011

Housing market remains "resilient"

The Canadian Real Estate Association has released its latest numbers, showing that existing home sales rose in November. The association cites low mortgage rates as the major factor in the increase in sales.

It’s certainly true, five year mortgage rates are the lowest I’ve seen (and I’ve been brokering nearly five years). When I started five years ago, the five year fixed rate was approximately 6%. Let’s compare the difference five years can make!

$250,000 mortgage over a 30 year amortization @ 6.00% = $1,487.06/month
$250,000 mortgage over a 30 year amortization @ 3.39% = $1,104.04/month

That’s a whopping $383.02/month in savings! Not only have house prices come down substantially from 2006-2007 so have rates creating what may turn out to be the perfect time to purchase your first home!

If you’d like to play around and calculate some mortgage payments yourself, please go to my calculator:

Thinking about getting into the housing market and not sure how to start? Click here to apply now, I’ll give you information on how much you qualify for and how to improve your credit situation (should it need improving). Of course, if you’re simply in the information gathering stage please feel free togive me a call or send me an email. I’d be happy to answer your questions!

Article: “Existing home sales rise in November”

Friday, December 2, 2011

Preparing for larger mortgage and debt payments

Mortgage interest rates have been at historical lows for quite some time, as we all know, this can only last so long. At some point interest rates will rise and many Canadians will be faced with higher mortgage and debt payments. Watch the video below from GlobeInvestor explaining what you can do to prepare for higher payments in the future.

Watch the video here!