We do LEASING!!!  

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.  See the side panel for more details.

All the best!

And don't forget to Like my Facebook page at  

www.facebook.com/JamieMoiMortgageTeam.   

With mortgage rates still hovering near historic lows, chances are you've considered breaking your current mortgage and renewing now before rates rise any further.

Perhaps you want to free up cash for such things as renovations, travel or putting towards your children's education? Or maybe you want to pay down debt or pay your mortgage off faster?

If you've thought about breaking your mortgage and taking advantage of these historically low rates, feel free to give me a call to discuss your options.

In some cases, the penalty can be quite substantial if you aren't very far into your mortgage term, but we can determine if breaking your mortgage now will benefit you long term.

The IRD is the difference between the interest rate on your mortgage contract and today's rate, which is the rate at which the lender can relend the money. And with rates so low these days, the IRD tends to be greater than three months' interest. Because this is a way for banks to recuperate any losses, for some people, breaking and renegotiating at a lower rate without careful planning can mean they come out no further ahead.

Keep in mind, however, that penalties vary from lender to lender and there are different penalties for different types of mortgages. In addition, the size of your down payment and whether you opted for a "cash back" mortgage can influence penalties.

While breaking a mortgage and paying penalties based on the IRD can result in a break-even proposition in the short term, if you look at the big picture, you'll see that the true savings are long term - as we know that rates will be higher in the years to come. Your current goal is to secure a long-term rate commitment before it's too late, and here lies the significant future savings.