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Will I Be Able to Afford My Mortgage in Five Years?

As interest rates creep upward, first-time home buyers might wonder if getting into a mortgage is a good idea. What if rates rise during my mortgage term, and how will I make the increased payments? There is a smart way to avoid being faced with an inescapable increase in payments should you have to renew your mortgage at a higher interest rate – and that is to pay down as much of ...

Benefits of using a mortgage broker

Buying a house can be complicated enough, but trying to sort out which mortgage is best, what the different rates are, etc, can be like trying to pick your way through a minefield. That's why using a mortgage broker is such a good idea, and one that more and more home buyers are starting to do. Whereas previous generations of home buyers were content to simply arrange the mortgage through their ...

How to select the right mortgage broker ...

How to select the right mortgage brokerBy trounsell When you are looking for a mortgage broker make sure they are qualified, most mortgage broker have gone to school and have years of training under a senior broker to ensure the know the ins and outs of the mortgage industry. The industry has a designation calls Accredited Mortgage Professional, (AMP), to differentiate the category of mortgage ...

Canadians back away from borrowing ...

Canadians back away from borrowing Owe Canada. It’s not our anthem any more. Crazy borrowings on lines of credit? History. The gotta-buy-now housing market? Toast. Credit card debt? Slowing down, too. Many months ago, it was fashionable to question how Canada’s profligate borrowers would hold up when interest rates began to rise. Today, after the Bank of Canada raised its trendsetting ...

Bank of Canada Raises Overnight Lending Rate

Canada’s central bank raised its key interest rate by 25 basis points to .75 percent today, in response to signs of a strengthening economy in this country.  However, the bank stated that continued instability in world markets could preclude another rate hike on September 8, when it makes its next rate announcement. In its accompanying statement, the Bank of Canada also revised ...

www.jefftrounsell.com

Updated my website; www.jefftrounsell.com with new lower rates!!!! Jeff Trounsell, BA, AMP Mortgage Broker CENTUM Pacific Mortgages Inc. Cell: 778-960-1123 Web: www.jefftrounsell.com

Why use a mortgage broker

Do you want the mortgage with the best terms and rates possible?  For most everyone the answer is yes.  However, many people still take the mortgage product offered by their bank without shopping around. When dealing with a bank, you are only negotiating with one lender and only for their limited line-up of products.  Even if you have been a long time customer of a bank, does not ...

Canadian Employers Optimistic: Survey Shows

The latest Bank of Canada Business Outlook Survey reveals optimism, despite economic turmoil in Europe and a slow recovery in the U.S. The survey was conducted with senior managers of 100 businesses selected in accordance with the composition of Canada's gross domestic product. Survey highlights include: 49 percent of those surveyed say that their firms’ sales volumes ...

Benmark Rate Drops Again

Wonderful news for a Monday ... bank of Canada droped there benchmark rate again to 5.79% ... meaning home ownership for alot of people who normally couldn't qualify for a mortgage when it started off at 6.00% in mid April. Jeff Trounsell, BA, AMP Mortgage Broker CENTUM Pacific Mortgages Inc. Cell: 778-960-1123 Web: www.jefftrounsell.com

Mortgage Rates Drop Again - More Inventory for Home Buyers

Today, benchmark five-year mortgage rates declined to 5.79 percent at the Canadian Imperial Bank of Commerce, Bank of Nova Scotia, Laurentian Bank and Desjardins Group.  They rival recent rate reductions by the Bank of Montreal, Toronto Dominion Bank and Royal Bank of Canada. In housing market news, sales activity in some of Canada’s hottest markets dropped sharply in June. ...
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