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The Mortgage Monitor
| December 2010
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 There's so much I want to share with you in this newsletter!
I am committed to ensuring everyone has access to the most up-to-date information on a regular basis. As a result, I want to announce the launch of my totally revamped website: www.michellemortgages.ca.
This site has a brand new look, additional resources and much more information available to you. I'll be blogging on a regular basis, providing up-to-date information that is relevant for my referral sources and clients. Check it out and let me know what you think! I'd love your feedback - this website is for you! Click here for current mortgage rates.
Next I'd like to remind you that I will be hosting an investor workshop February 17th. Click here for more information. I'm still offering free one hour consultations for those who are wondering if consolidating debt with their mortgage is feasible. I want to ensure clients are not stressed about debt.
Finally, as the year comes to an end, I want to wish all of you and your families the warmest holiday wishes!
Christmas is my favorite holiday. This year's going to be extra special as I have relatives visiting from Italy and my sister-in-law is coming from California! I'll enjoy ending the year surrounded by family and dear friends.
 Happy Holiday to everyone and a wonderful & prosperous New Year!
Michelle
Michelle Brienza, AMP (Lic # M0806298)
Senior Mortgage Agent
Lending Logic Financial Inc.(Broker # 11782)
Direct: (416) 410-5761 Fax: (416) 410-5761
www.michellemortgages.ca
michelle@michellemortages.ca
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Tis the Season: Three Great Holiday Events
The Nutcracker Ballet at the Four Seasons Centre for the Performing Arts: Until January 2. Christmas Treats Walk at the Metro Zoo: December 26th. The animals at the Toronto Zoo open treats from Santa at this annual event, with carolers, free hot chocolate and half-off admission (with a non-perishable food donation). Santa at Casa Loma: Santa appears at Casa Loma to greet children for the holiday and hear their holiday wishes. This season, jolly old Saint Nick takes over the castle's billiard room and transforms it into a toy workshop. During the weekends, there's an opportunity to get photos with Santa. Until December 24th.
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Why home foreclosures are often unfair
 When you default on a mortgage payment, the law gives the bank the right to sell your home to recover the amount owing. The law also requires the bank to try and get a fair price for the property. This is done so that the bank doesn't act too quickly and sell the property for a reduced price, as this will greatly harm the homeowner.
Let's say you buy a home for $300,000 and have a $250,000 mortgage. Later you default. If the bank sells the property for $255,000, then after expenses there may only be $240,000 left over. Not only will you lose everything you've invested in the home, you will still owe the bank $10,000.
Click here for more information
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Contact Me
 
Michelle Brienza
email
website
Phone: (416) 410-5761
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Turkey Carving - the right way
I came across this video on YouTube and I'm including it here, hoping it helps you avoid some holiday arguments about how to properly carve a turkey.
Click here for the video!
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GTA housing market to stay hot in 2011
Ontario home sales will rise by 5 per cent in 2011, while prices should hit a record high, according to a report on the state of the Canadian real estate market.
Central 1 Credit Union says a strong market in 2011 will also see housing starts increase by 9 per cent next year, in what has been the most bullish forecast for 2011 so far.
"An undersupply in the new home market will place upward pressure on resale home prices," said Helmut Pastrick, chief economist with Central 1. "This will provide an incentive for builders to increase housing starts."
For the rest of the story, click here. |
Red alert for debt-strapped Canadians: Bank of Canada chief says reckoning ahead
 Bank of Canada governor Mark Carney is issuing a broad warning to Canadians, firms and governments that the financial and economic crisis is far from over and they need to rein in their appetite for cheap money.
Returning to a theme he began speaking about last week, Carney told the Economic Club in
Toronto that the global recovery is so weak that advanced nations may need to keep interest rates super-low for a long period, and the U.S. may have to resort to yet another round of printing money.
Click here for more information
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