|
|
| January 2013 | Vol 5, Issue 1
|
|
|
|
|
| Greetings! |
Welcome to the January edition of Monthly Mortgage Matters!
It's hard to believe that this is the start of Year #5 for Mortgage Matters! I hope you're continuing to enjoy the information.
Is your mortgage supporting your New Year's Resolution? If you're not clear, it's time for a mortgage check up. Making changes to your mortgage can support other financial areas. Your mortgage rate is probably the lowest rate of any credit products, and your should take advantage of that. Hear more in this month's video.
Are you concerned about a market bubble? It's hard to pick through all the headlines. I've provided some information in this month's article that helps to weed through some of the predictions. Remember, be cautious of "NATIONAL" headlines. Every market across Canada will operate somewhat independently.
Thanks for all the new supporters of Mortgage Rob's Facebook Page. I didn't quite meet my goal, but I'll be back again soon with some new incentives!
Click the picture below to visit my Facebook business page.
Mortgage Rob
Follow Mortgage Rob on the these sites.
"The greatest complement I can receive is a referral to friends and family."
|
|
 |
| Rate Watch | |
Term Best Rate
1 year Fixed 2.64%
2 year Fixed 2.49%
3 year Fixed 2.75%
5 year Fixed 2.99%
10 Year Fixed 3.79%
VRM Prime - .35% (2.70%)
*Some conditions may apply |
| Did you Know? |
Most banks and credit unions will not contact you to review your mortgage annually. There may be missed opportunities that will cost you thousands of dollars in interest over the current term. Early renewing, converting to a longer term, or simply adjusting your amortization are a few options you should consider.
|
|
|
| This Month's Mortgage Tip |
 | | Canadian Mortgage Market Update Jan 2013 - Does your mortgage support your resolution? |
There has been some movement in the fixed rates this month, with many lenders discontinuing their 5 year special rates. Also, predictions on where the prime rate may be headed in 2013.
Have you considered using your mortgage as part of your 2013 New Years Resolution and financial plan. Find the savings, and use it to support other areas of your financial picture.
Do you know that it's possible to create a long term plan for your mortgage, much like your financial planner will do for your investments. View the video below, and contact me for a planning session.
Click here: There's Money in Your Mortgage
|
|
What Direction Are Home Prices Headed?
| |
It depends on who you ask. Below are a few experts from a great article in the Financial Post recently. Bottom line, after many economics have predicted a housing crash in Canada, many have rescinded their comments and changed the tune of the forecasts. A word of advice, be cautious about headlines for the national centre's across Canada. Every market will react differently and have different pressures that affect pricing. Additionally, for prices to actually drop, people have to agree to sell their home. Canadians simply won't give their homes away, as their are now further economic disasters on the horizon. The past market corrections were fueled by other economic forces such as massive employment layoffs in the US during 2008, and massive interest rates spikes in the 1980's. None of those conditions are relevant in Canada today. For the full article, click the following link: What direction are home prices headed? Depends on who you ask
"It has become the new mantra of real estate watchers - there's no crash coming, just a soft landing and an ever-so-minor correction in prices."
"We have seen a slowdown in sales and we've certainly seen a slowdown in mortgage demand but price levels are relatively stable"
"The silver lining in every real estate market correction is that there is a balance shift. After an extended period of frustrating bidding wars in key, supply-constrained regions, and spring markets characterized by price increases that make financial planning difficult, Canadian homebuyers will see momentum shift in their favour this spring. They should be met with more choice - and stable prices"
|
|
Up to $2000 Cash Back On Your Next Purchase
| |
I have recently introduced the Canadian Home Buyers Academy. If you are considering purchasing a home, this is simply your best resource for all the information you need to make the home buying process simple and straight forward.
Plus, through the process, as a Member of the Canadian Home Buyer's Academy you will be eligible to receive up to $2000 Cash Back towards the purchase of your new home.
Click on the CHBA logo to learn more
about this revolutionary program!
|
|
|
|
If you've thought about getting into the real estate market, or getting a second opinion on your existing mortgage, now is a perfect time to find out your options. Housing is as affordable as it has been in years, and there are lots of opportunities to buy that new dream home, or restructure some financing and make drastic changes to your monthly budget. Don't hesitate, take action today !
Sincerely,
Rob Macdonald, AMPMortgage Expert
|
|
|
|
|
|
