First of all Ð sorry for the LOOOOOOOONG holiday. The Blog is definitely a priority of mineÉitÕs just near the bottom. With all of the stuff that normally fills my day Ð it is sometimes just difficult to get to it. But Ð I am going to make a diligent effort to all of you
By now you should know that the Bank of Montreal has uncovered an enormous FRAUD issue that started off as being in the 30 million dollar rangeÉmost recently it was announced it is in the HUNDREDS of MILLIONS of DOLLARS! AndÉthey uncovered this fraud in CALGARY! YIKES! NOT CALGARY! So
The answer is ÒYESÓ if you are buying a RENTAL PROPERTY. The answer is ÒNOÓ if you are purchasing your own First Home. Other questions on peopleÕs minds: ÒI am Self EmployedÉHow Does this affect me?Ó Ð SimpleÉyou need to prove your
Well, suffice to say my crystal ball is on the fritzÉbecause I did not see our most recent rate hike comingÉthere were no long term yield buzz or anything! It just sorta happened because the banks wanted to make more money. After all, a record breaking year (IN A RECESSION!!!) just
I am not a prophet of doom and gloomÉbut I told you so! Rates are upÉbut no worriesÉI can still offer rates under 4%Éthe banks still canÕt touch us! The reason for the increaseÉit appears to be a secret because absolutely no one I talk to can point to any
ÉWe have some news of the upcoming Mortgage Changes. Effective April 9, 2010 Ð if you are Self EmployedÉyou better be able to prove your income and have at least 10% down payment! There is some room for Newly Self Employed people Ð but only if you have more than 2 years but
Here is the quick and dirty: MORTGAGE INSURANCE RULES ANNOUNCEMENT This morning, Federal Finance Minister Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. The Canadian Association of Accredited Mortgage Professionals (CAAMP) was
Looks like I wasÉdare I say itÉÉ.ÓRIGHT!Ó. Mr. Flaherty has changed his tuneÉafter all of his off the cuff remarks Ð it turns out he got someone to do a little research on the subject. Take a look at this link -hot off the press!
I had a smile on my face when I read this article. I am sure you will too! Take a look at the article below or visit the following link for the story at http://trueslant.com/caitlinkelly/2010/02/01/canadians-may-be-boring-but-their-banks-are-solvent/ Ñ Canadians May Be Boring Ñ But
86% of home owners in Canada have chosen FIXED Rate MortgagesÉsee the full article at http://money.canoe.ca/money/mymoney/canada/archives/2010/01/20100114-103851.html Currently you can take advantage of our 5 Year Fixed Rate Mortgage at 3.69% Ð this is a limited time offer so call today!
Contrary to what Mr. Jim Flaherty (our finance minister) has recently said Ð Canadians can manage their mortgages. Not only that, but a comprehensive study by the Canadian Association of Accredited Mortgage Professionals (CAAMP) states that ÒCanadian mortgage lenders and borrowers,
For those of you who missed it, CanadaÕs finance minister Ð Hon Jim Flaherty, thinks Canadians are struggling with too much debt. His answer to combat this is simple Ð ÒMake it tougher for Canadians to get MortgagesÓ. ÒMr. Flaherty said in an interview with CTV