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CME Rate hold program
TD Bank raising fixed rates
CME Rate Hold Program

If you are concerned about where rates are going, we offer a plan to help limit the risk.  With Banks wanting you to lock in your variable rate, it is hard to tell the perfect time to make the change.

 

We try to simplify things by holding a fixed rate with another lender for 120 days...you simply keep floating in your variable, then we will discuss with you near the 100 day mark if you wish to do lock in with your current lender, lock in with the rate we have held (if rates have gone up), or do nothing...the choice is yours. 

 

For more details call or email us...

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About Us
DLC Canadian Mortgage Experts is a team of Mortgage Brokers led by Michael Anthony Lloyd that specialize in building long term relationships with their clients.

 

DLC Canadian Mortgage Experts now has over thirty full time mortgage brokers on our team.  What does that mean for our clients?  Volume.  In our industry, volume is king, and with more volume comes better lender offers, their best underwriters and service.

 

This all adds up to you receiving the best possible mortgage by dealing with a DLC Canadian Mortgage Expert!

Mortgage Update February 7, 2011

Greetings!

Welcome to my second Newsletter as DLC Canadian Mortgage Experts, formerly Invis on the Peninsula. 
  
We are now up and running, and looking forward to doing what we do best, keeping you informed and saving you money.
  
Please feel free to call or email me at anytime whenever you have a question, and we always love to get introduced to your friends and family for their mortgage advice needs.

Sincerely,

Michael Anthony Lloyd
DLC Canadian Mortgage Experts

TD Bank leads the rate hike...
5 year fixed going up .25% to 4.15-4.25%
With money flowing in and out of the bond & stock markets, the bond yeilds have risen recently and given TD and the other banks an excuse to raise their fixed rates.  Prime remains the same until the next meeting in March.
  
While the media will be jumping all over this to scare the average Canadian into locking in their mortgage (doing the bank's bidding!), we feel this isn't anything to get to excited about.  We fully expect the fixed rates to go up and down over the next 10 -12 months until we see some obvious signs the US and the world are out of the recession.  The US is most certainly not and their Real Estate Market has yet to stop dropping.

Fixed rates haved stayed pretty constant with 5 year fixed rates ranging around the 3.89% range, though some lenders are offering lower rates for quick close specials etc.  See our rate hold program in the section below.

We are hear to review your mortgage plan at anytime, we have the knowledge, experience and volume to offer you more than your bank can, and we are in this for the long run.

Call or email us today...
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