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| Greetings! |
Welcome to the May edition of Monthly Mortgage Matters!
Are we at the bottom?Rates have been low and have remained low for some time now. In the last month, we've seen a couple adjustments down further, but a couple of moves upward. Is this the signal that we are at the bottom? Not sure that I have the answer. But if this is a question on your mind, it's probably time to start to consider some options. More information on how to arrange for your Mortgage Optimization Report is highlighted below.
I had a great opportunity to speak at the Real Estate Investor Network (REIN) monthly workshop last week. Many of my clients are members, but if you happend to miss the meeting, here's an audio link to the full presentation. Are you coming to the end of your days of having a mortgage? You know how much interest you've paid. Have you thought about INVESTING IN MORTGAGES as part of your RRSP or retirement strategy.? I've included some information in the newsletter available through a colleague of mine, David Booth with Dundee Wealth.
Have a great month everyone!!!
Mortgage Rob
Follow Mortgage Rob on the these sites.
"The greatest complement I can receive is a referral to friends and family."
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| Rate Watch | |
Term Best Rate
1 year Fixed 2.59%
2 year Fixed 2.49%
3 year Fixed 2.69%
5 year Fixed 2.79%
10 Year Fixed 3.69%
VRM Prime - .40% (2.60%)
*Some conditions may apply |
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Headlines, product and rate updates and more.......
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| This Month's Mortgage Tip |
 | | Canadian Mortgage Market Update May 2013 - Is this the BOTTOM? |
Click on the picture to view the full video!
Same news month after month, rates are excellent!! But this month we saw a couple of lenders adjust rates down, but we also saw a couple pull back slightly.
The best 5 year rate available is 2.79%, with some restrictions, but most still at 2.89%. We are also seeing some more competition on VRM mortgages.
Can you early renew to take advantage of this "BOTTOM"? Give me a call to help you with a custom mortgage strategy.
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Investing in Mortgages
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There is one thing that many of us are well aware of, mortgages stay around for a really long time! And although most of us have to pay the interest on a monthly basis, for the holder of the mortgage it can be a very solid long term investment.
I recently met with a colleague of mine, David Booth, who is a Senior Investment Advisor with Dundee Wealth. I was interested to hear that mortgages make up a significant portion of his client's investment portfolios. Many of his clients, through their RRSP's, TFSA's or unregistered portfolio's, have enjoyed long term consistent returns with one particular set of mortgage funds available through Antrim investments.
Below are some document links to more detailed information about different options available through this series of mortgage funds. CLICK ON EACH DOCUMENT FOR MORE DETAILS
If you're interested on how an investment in mortgages can complement your portfolio, David's contact information is below.
David Booth, BBA, CGA, CFP®, FMA, CPCA, FCSI Branch Manager, Director, Private Client Group Office: (604) 534-6624 Cell: (604) 614-Dave (3283) email: dabooth@dundeewealth.com  |
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Canadian Home Buyers Academy
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Click on CHBA Logo To Learn More
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The mortgage industry's best resource for home
buyers - videos, articles and more!
Members are eligible for up $2000 cash back at
closing - no affect on your discounted mortgage rate
Search listings with Cash Back in your market area
Free fully customized Mortgage Strategy Reports -
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Buyer Protection Plan
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 | Click on BPP Logo for Free E-books
for Buyers and Sellers
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Price Drop Protection guarantees your selling price for 12 months
Avoid the 'Boulevard of Broker Dreams' - sell your home faster in falling market
Make your home the MOST ATTRACTIVE on the street!! 4 distinct marketing options to support your realtor
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Inflation Hedge Mortgage Strategy
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 | | Click the logo to Learn About Optimizing Your Mortgage |
Interest rates will go up!! It's not 'if', it's a matter of 'when'
How will you avoid PAYMENT SHOCK at the end of your current term?
You can capitalize on low interest rates by following a proven and tested mortgage strategy
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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
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