News from Mortgage Dave

I will make it easy, do it fast and do it right!

July 2010 Vol XIII

Next Bank of Canada announcement Sept 8, 2010

NEXT ISSUE SEPTEMBER 8, 2010 8 am

In This Issue

Customer Feedback

Mortgage Dave takes the stress out of applying for and obtaining a mortgage! We have bought 2 homes in the last 3 years and Mortgage Dave helped us with the mortgage for both. His very professional 'can do' attitude puts us at ease and his way of explaining the process makes what can be a very complex and frustrating process, simple and manageable.

Stacey Morin & Dave Thomas

Refer a friend!

My Favorite Lynn Valley Places!

One of my favorite places to shop is Westlynn Meats & Seafood in the Lynn Valley mall. Luiz and his staff consistently exceed my expectations with their fresh and varied products.

Rate Watch

Term	Best Rate
1 yr Fixed	2.70%
3 yr Fixed	3.64%
4 yr Fixed	4.09%
5 yr Fixed	4.19%
Variable	Prime -.6%

Prime = 2.75%
*some conditions may apply

Did you know?

30 years ago in September the Stanley Park Seawall was finally completed after 60 years of on-again, off-again construction and opened to the public.

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Be the first to know what the Bank of Canada is doing with rates. Get my thoughts on their decision and how it affects you.

Mortgage Dave News

Be the first to know what the Bank of Canada is doing, my thoughts and how it affects you!

Good morning. The Bank of Canada made the expected move and raised the key overnight lending rate by another .25% this morning.

This was expected and the Bank of Canada reiterated their statement of last month that they will be very cautious in making any further interest rate hikes going forward.

"In the statement on its decision to lift the overnight rate by one-quarter of a percentage point to a still low 0.75 per cent, Bank of Canada Governor Mark Carney and his rate-setting panel reiterated that future moves will largely depend on developments around the world and, in turn, how they may impact Canada's export-heavy economy." read full story

What this means for you the mortgage consumer is that if you have a variable rate mortgage rates are still very low and attractive. Rates will go up in the future but much slower than originally anticipated. Bottom line is keep on enjoying your low low interest rate.

If you are looking for a fixed rate mortgage the rates have actually come down lately so there are some very low rates just above 4%.

The housing sales have slowed down considerably and there are some very very good deal out there. If you are thinking about buying now is a very good time.

I am always here to help you go over your options or to assess your current mortgage. Please feel free to call or email anytime for a consultation.

Enjoy the summer!

Meet Myshsael Schlycher!

"Myshsael set out in her working life with a view toward becoming a fashion designer. A stop along the way gave her the opportunity to work with special needs children where her one-on-one work with some special young adults gave her a glimpse into a world few ever see. It was only after the birth of her first child in the early nineties that Myshsael choose the camera as her medium. Myshsael has never been afraid to stop everything to hold the beauty that she sees in the most unexpected places. She lives in light and moment and the camera is simply her capture device.

Quite simply, Myshsael sees in others the beauty that they have overlooked in themselves. That is what she photographs."

Myshsael Schlyecher has been a sought after local freelance photographer here in Vancouver for 12 years.

Myshsael Schlyecher Photography
www.myshsael.com
604.618.6972

What's Mortgage Dave been up to?

canada day On July 1, 2010 I joined my fellow Lynn Valley Community Association Members on our float in the Lonsdale Parade!

Dave finally joins the Tyee club!
dave at olympics

On June 17-21 I went fishing up north in Whale Channel and after an epic 30 minute battle I landed this 36lbs beauty.

Allison and Sailor Win!
sailor On June 18-20 my wife Allison and her horse Sailor entered their first dressage competition, The Thunderbird Touch of Class Dressage Show. They did amazing with the duo earning the High point Champion of the Training level. A win first time out!

Win a luxury trip for two to Alaska!!
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Almost all my business comes from referrals and I thank all of you for your referrals in the past.

This year's prize is a luxury Alaskan Cruise for two. Dates to be chosen by the winner.

Every mortgage referral that closes between January 1, 2010 and December 31, 2010 earns you an entry in the draw for a luxury trip for two to Alaska*.

click here to refer a friend

*Some conditions may apply. Promotion valid until Dec 31, 2009 on any mortgage referral made via email, mail or voice directly to Dave Bruynesteyn. Referral needs to become a funded deal to qualify. This promotional offer is neither endorsed nor supported by Invis Inc. E&OE

In Conclusion

Summer is a great time to get away with the family and friends and enjoy this beautiful country. Allison and I will be taking off for ten days on July 31 to go sailing in the Gulf Islands. My partner Rob Macdonald will be covering for me when I am gone.

I expect the real estate market to heat up in September so if you are thinking about buying do it sooner than later. Happy holidays

All my business comes from referral so please pass my name forward.

Sincerely,

Dave Bruynesteyn
Invis

2008 Sales Excellence winner- Invis BC invis logo