Mortgages

A Sound INvestment 

Your home may be one of the largest investments you make.  It's important to work with qualified professionals. We can help!

New Mortgage Rules Announced For Canada     2011-03


1.   The maximum amortization period is now 30 years (down from 35 years) for government-backed insured mortgages, when the down payment is less than 20 percent.  This new amortization limit will come into force on March 18, 2011.
 
2.   The maximum amount that can be borrowed when refinancing a mortgage is now 85 percent the value of the home, down from 90 percent.  This new refinance limit will come into force on March 18, 2011.  

3.   The government will no longer provide insurance backing for home equity lines of credit.  Government backing for home equity lines of credit will end on April 18, 2011. 


Exceptions will be allowed after these new changes come into force, if necessary, to satisfy a home purchase or a sale and financing agreement arranged before the above-mentioned March and April dates.  

Contact us if you are unsure how these changes could affect you, or for advice on a mortgage that suits your needs.

Is Your Mortgage Coming Up For Renewal?  Do You Wonder If You Could Qualify For A Better Rate?

Make sure you get the best possible mortgage rate you can, with the expertise and counsel you deserve. We can help, without draining your time or pocketbook.

The mortgage consultant that we work with can offer you:

  • a wide range of innovative mortgage products through a variety of lenders across the country
  • the most competitive rates across all financial institutions
  • help through the entire spectrum of the mortgage process
  • counsel and advice on credit and mortgage qualifications

Together, we can help you assemble your mortgage application and actively negotiate with lenders to get you a highly competitive financial solution.  This saves you time and money, and provides peace of mind that you are getting the best mortgage solution possible.  To find out more about this service, click here or call Jen Moulder at 604-575-6911.

Rates are low right now - don't delay.  Give us a call today. 

All At No Cost To You

When you deal with a mortgage consultant, you receive the broadest access to financial resources, market knowledge, their exceptional negotiation skills, along with our commitment to provide you with highly personalized service ... all at no cost!

Check Out These Great Calculators and Information Links!

It's important to remember that your ability to earn income is the key to repaying your mortgage. Talk to us about how you can obtain the best, most flexible income protection.  We can also explain how insurance* can play a powerful role in estate planning and help to ensure the most tax-efficient transfer of your property to your beneficiaries.

* Insurance products provided through Dundee Insurance Agency Ltd.

Stefanie Drdul, Licensed Mortgage Broker

Stefanie attained her Mortgage Broker’s License after completing the University of B.C. Real Estate Financing Course in October 2007.

She began her financial industry career with VanCity Credit Union and Envision Credit Union, advancing through various loan and mortgage officer and supervisory positions. Stefanie’s most recent key roles were  Mortgage Development Manager at Accredited Home Lenders (focused solely on matching the best mortgage to clients’ needs) and Internal Loan & Mortgage Auditor at AHL (ensuring that all lending staff underwrote loans, including mortgages, to meet internal and external standards).

Stefanie’s past experience has provided her with an advanced level of mortgage expertise that ensures clients are satisfied and well-cared for. Timeliness and suitability are crucial components, resulting in a less complicated and less stressful mortgage experience. Stefanie’s priority is connecting people and dreams, mortgages made easy.

When not focusing on her career, Stefanie enjoys spending time with family and friends. She has 2 sons who keep her very busy and a lovable Saint Bernard/ Mastiff.

The Difference Between Open and Closed Mortgage Rates     Invis 2010-11-08

Have you ever wondered if you're better off with an open or a closed mortgage? Do you know the difference?  We can help!   This article will provide some interesting insight. If you have any questions, don't hesitate to call us.  We're here to help!  


Unchanged BOC Key Rate Good News for Fixed Rates     2010-10-19

The Bank of Canada expects economic recovery in Canada to be more gradual than it had projected in July.  The BOC didn't increase the key rate today; and lenders are expected to keep their prime lending rate steady.  Variable-rate mortgages, variable-rate credit cards, and home equity lines of credit are typically linked to a lender’s prime rate.  While pricing for fixed-rate mortgages is not directly affected by today’s announcement, rates on certain fixed products have been declining recently.

We can help you get the best financing option to suit your needs.  Give us a call if you'd like to discuss current trends in mortgage rates or any other financial matter. 


Fixed Mortgage Rates Come Down     Invis 2010-09-08

Pricing on many fixed mortgages for new borrowers has been edging down in recent weeks.  A competitive rate for a five-year fixed mortgage is now available at 3.89 per cent for qualified borrowers.   A competitive variable rate mortgage is available to qualified borrowers at 2.35 per cent (prime of 3.00 per cent minus 0.65 per cent), factoring in the Bank’s rate increase today.   Click here for more details and how the rate change might affect your mortgage. 

 

What Type of Borrower Are You?     2010-06-21

When getting a mortgage – or when reviewing your current mortgage strategy – it is helpful to begin thinking about the mortgage options with which you would feel most comfortable.  By having an understanding of your priorities and preferences, the mortgage process will become more efficient and your satisfaction over the term of your mortgage is likely to be higher.  Here are some questions that you should consider.  Although this is not an exhaustive list, it provides a good start.   For knowledgeable advice throughout the mortgage process, click here.


New Rules Cuff Some Mortgages to Banks    2010-05-23

An informative article from the Financial Post that discusses how the new mortgage qualifying rules of Canadian banks may create a problem for homeowners shopping around for a better rate. 


Refinancing Your Mortgage     2010-03-28

With many mortgage rates still relatively low, when reviewing their financing options some borrowers have chosen to refinance their mortgage.  Refinancing a mortgage refers to paying off an existing mortgage and replacing it with a new one.  Homeowners choose this strategy for a range of reasons.


 To find out more, click here or call Jen Moulder at 604-575-6911.

Do You Have A Question About Mortgages, Terms, Interest Rates, Income Protection, Or Other? Email us and we'll be sure to get you the information you're after as quickly as possible. Or call Jennifer Moulder at 604-575-6911.