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CME News!
Here we grow again!
CME is expanding and has moved out of our South Surrey office into larger space centrally located in Cloverdale near 176 & 64th...more below...
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Did you know?
Not all mortgages are the same, in fact there are numerous differences in them. For example, some local Credit Unions require earthquake insurance every year you have their mortgage on your home. Prepayment privleges are also different with almost every lender. The branches are reluctant to share this information with their clients, so it's always a good idea to have us on your side, ensuring you know what you are getting into.
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About Us
DLC Canadian Mortgage Experts is a team of Mortgage Professionals led by Michael Anthony Lloyd.
With a combined 75 years plus in lending and one of the highest volume teams in Invis, Canada's largest mortgage brokerage, we have the experience and relationships with lenders to get not only an approval, but the best overall package for you.
Our philosophy will always be based on long term relationship building with our clients...we always offer objective advice, and will be here in the long run. |
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| Mortgage Update
June 24, 2011
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All rates seem set to stay low...
The Bank of Canada is signalling as hard as it can that changes to Prime are not to be expected anytime soon, with most forecasters expecting it to remain at 3.00% for the remainder of 2010 into 2011. Citing a weaker global economy including a US economy in the doldrums, the Bank of Canada feels that these headwinds will be sufficient to deter inflation without an increase in our Prime rate.
Fixed rates, which are based on Governement of Canada Bond Yields continue to to slide downwards, and are now back to all time lows.
While each mortgage situation is unique and we prefer to customize a plan for each individual's needs, variable rate mortgages make the most sense currently, with discounts from many lenders in the Prime - .75% range or lower, the rate you would pay today is 2.25% or lower. Fixed rates are still very low with 5 year discounted at or near the 3.75% range or lower with some lender's specials, the difference is still significant between the two, and it would take a lot of hikes in Prime to riase the variable rate above the fixed rates we currently have.
We expect this low rate environment to continue well into 2011.
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Our Spring Fling contest continues!
Wouldn't you enjoy a Romantic geaway to Harrison, an exciting trip to Vegas, or a family fun weekend at Great Bear Lodge?*
Remember, you need to send us your name and address if you are a past client to get an entry in the contest to winners@cmexp.com (if you haven't already)!
You can also get another entry by referring a friend to us for their mortgage needs. Click here: link
We have also found another way to get you entered! If you are on facebook, do a search for Michael Anthony Lloyd Mortgage Expert and when you find our new page, click "like" and you will be entered automatically again in our draw, to be held June 30th.
Good luck everyone!
*ask our office for full contest rules!ease contact contest details, please contact our office
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CME News continued:
Our new office:
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CME 176 Entrance
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All of our contact information remains the same including our emails, phone numbers etc. Feel free to come by and visit, we have more parking and more space!
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