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Fixed rates dropping!
Surrey, BC - Feb. 11, 2009 - With the Bank of Canada likely to drop their key lending rate by another .50% March 4th, rates are low. 5 year discounted fixed rates are following along, with most in the 4.39% range and some with "Quick Close" rules in the 4.19% range.
For most clients I am still recommending they take a variable rate mortgage at this time (currently the best are at 3.80%), then float for the next year or so and look at locking it in to a fixed rate then, before the US turns around and rates start to go up.
As always, having a Mortgage Strategy in place is always the best plan!
Sending your clients to Invis on the Peninsula will ensure they get the best strategy possible and makes you look good!
Prime now at 3.00%.
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Money making opportunity for the smart business person...
I have a strategy that will not only make you some money now in this slower market, but will increase your connection with your past clients and give you a chance to talk to them about something other than how slow the market is.
I have developed a letter you can send to your past client database. It basically is encouraging them to contact me to look at their current mortgage situation and see if I can save them money. It is free to them, and with such low rates currently, will likely mean we can save them a lot of money...that makes you look great and shows you care about their situation even when they aren't buying or selling. On top of that, for each deal you refer to us that closes, we will give you the option of receiving a giftcard of your choice for you or your client with a value of $250*. I call this a "win - win - win!"
Call me today to get the ball rolling!
*Some conditions apply, client must make contact with us by March 31, 2009. For full details please contact me. |
| Why the right lending partner is so important now...
Last year there seemed to be lots of deals for you to grab...if your lending partner of choice couldn't get a deal done, there was always more out there. That was a long time ago. There are now fewer deals to go around, and when you have one, you need it to get approved and close. Are you willing to risk that to your local branch or a lending rep? An Independent Mortgage Broker can deal with over thirty lenders instead of one. What makes Michael different than the other brokers you can choose? 20 years lending experience, 9 as an Independent Mortgage Broker, and his South Surrey office is one of the highest mortgage volume teams in British Columbia. That means when your client is referred to Michael he has the knowledge and the volume to get them approved and with the best product. Lenders offer special packages and approve more for their best brokers. Does this mean he gets everyone approved, of course not, but if there is any way to get it approved, Michael will find it. So when your client says they need a mortgage, refer it to Michael and you can feel comfortable your deal is going to close...isn't that the most important thing?
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Useful website for Your clients
Apart from our own website www.lloydonline.com (which is currently being reno'd, watch for changes soon!) here are some helpful links to provide to your clients who are looking for more information on mortgages.
If you need more specific information, please let us know! | |
| About Invis on the Peninsula
Invis on the Peninsula is a group of Mortgage Experts led by Michael Anthony Lloyd who believe in looking after their client's best interests over the long term. With a combined lending experience of over 75 years they have the experience to find the best strategy for any situation. Their business is built on a referral basis, the referral of a friend or family member is the greatest compliment they can receive.
Michael Anthony Lloyd is an Accredited Mortgage Professional & member of the Canadian Association of Accredited Mortgage Professionals as well as the Mortgage Brokers Association of BC.
The comments & opinions contained within are strictly those of the author, no guarantees are made. All Rights Reserved Michael Lloyd 2008. |
| Invis on the Peninsula
#104 - 14936 32 Ave, Souh Surrey, BC V4P 3R5 (next to the Black Forest Restuarant/Pub)
Phone 604-536-8208 Fax 604-536-3750 | |
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