News and Education

Better Rates! Better Service!

April Newsletter

R&R means Reno & Roll!

The right renovation might be all it takes to turn the house you’re in, into the home of your dreams. It is almost always less expensive to renovate than to relocate – if an upgrade to your lifestyle is what you’re after! If your dream home is one renovation away, we’ve got a smart money tip – RENO & ROLL If you’ve owned your home for a few years, chances are you’ve been building up some nice equity. And with mortgage rates hovering around historic lows, Canadian homeowners have seized the opportunity to do a “reno and roll”: rolling the cost of their renovation into their mortgage for one easy monthly payment, and then using prepayment privileges to pay it off faster.  In fact, you might find enough interest savings in your new mortgage to help knock down the overall cost: making that “reno and roll” one of your smartest financial moves. Give us a call, and we’ll build a little R&R for you!

Dreaming of home? First-time buyers shouldn’t worry.

Talk about mixed messages. There's concern that housing prices and new mortgage rules might push first-time homebuyers out of the market. But mortgages are still an amazing bargain – historically speaking. In fact, some are calling it the great Canadian mortgage sale. So what's a first-time homebuyer to do? Is buying a home right now a reckless risk... or a great, time-limited opportunity?

Home ownership can make great financial sense. Over the long term, residential real estate has been a very strong asset – showing excellent appreciation. Renters who add up what they've shelled out during their renting years are often shocked to see how much mortgage help they've given their landlord. Most would prefer to have that money build their own home equity.

If you're dreaming of a home of your own, then there's good news. Getting into today's housing market isn't out of the question if you do some good common-sense planning, and that’s where we come in. We can help you build that plan and ensure you get off on the right foot in your home buying journey!

Should I just go to my Bank?

When you're dealing directly with your Bank, you just don't know if you're getting the best deal because they only have their own menu of products to offer you. We have long-lasting relationships with over 50 lenders, including major banks, credit unions, trust companies and other national lenders. We also have access to many regional and private lenders that greatly expand our ability to find you the best customized mortgage solution.  More Canadians are in fact looking at our non-traditional lenders, those not federally regulated, because of stringent new mortgage rules. Your Bank will give you a mortgage from their limited offerings; we give you expert mortgage advice so you get the best lender and mortgage for your situation, now and throughout your mortgage years.

Source: Invis and Mortgage Intelligence

Back to Main News Page
Bookmark and Share

Latest Lending Rates

Terms Our Rates
1 Year 6.69 %
2 Years 6.04 %
3 Years 4.94 %
4 Years 5.09 %
5 Years 4.94 %
7 Years 5.65 %
10 Years 6.05 %
Current Prime 7.20 %
5 Year Variable 6.25 %