Hello *|FNAME|*,
HAPPY OLYMPICS! Wow downtown is crazy right now, enjoying the festivities with people from all over the world is an awesome experience. If you get a chance, just walking around and feeling the vibe is a great experience.
 So guess what, I got married! No word of a lie, I am officially off the market. My wife and I will be posting up pictures on facebook if anyone is curious. Click here to add me on Facebook. My beautiful wife Janakie is a Sri Lankan princess who is a doctor by day and artist by night. I am truly honoured to have her in my life. If anyone would like some tips of wedding planning, drop me an email and I would be happy to share some wonderful tips that saved us money. Enough of me, are you in need of new furniture or appliances? All clients and friends in my network receive a corporate discount from the BRICK. Just drop me any email and I will put you in touch with my BRICK contact.
New Mortgage Rules: It’s not a huge surprise that the Canadian government who watches over the world’s most secure banks made changes to the mortgage qualifications. What is a big surprise is that the US government still hasn’t done anything and it’s their sloppy lending that caused this whole mess. Come to think of it, actually that is no surprise at all. Yes the NINJA (no income+ no job=approved) mortgages are down to a dull roar but their mortgage qualification guidelines need serious restructuring. Enough of the States, let’s focus on the Canadian guidelines. Everyone will have a chance to obtain a mortgage commitment before April 19, 2010 to avoid the changes coming into play.Here’s are the “non-detailed” changes… Click here for the full article
Considering how low interest rates are right now, instead of over-leveraging yourself with a purchase, remember to leave space in case interest rate rise in the future. Right now I am suggesting to clients to increase their monthly mortgage payments by 5-20% if their budget allows for such an increase. It is very important that us Canadians be cognizant of debt loads and don’t make the same mistakes our American friends made.
 Recording of keynote speech from Jessi Johnson.
Marketing in 2010 for small to medium businesses with Jessi Johnson. In roughly a 45 min keynote speech, I educated and reminded people on proven marketing strategies for 2010. Click here to view….
Next first home buyer seminar after the Olympics is coming Thursday March 18th at the Point Grey Community Centre from 7:00 – 8:00 pm. If you are interested in getting some free education and entertainment, Click here to reserve seats.
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Interest Rates
Are you contemplating a VRM (variable rate mortgage) but are concerned with interest rates raising? Why not consider a frozen variable mortgage payment? This freezes your payment to protect your payment from going up and assistants you with paying your mortgage faster.
The bond yield is still low right now with employment numbers looking less than stellar. That being said we don’t expect an increase in the rates for a little longer. Earlier in January the rates were expected to increase but didn’t when the unemployment numbers were worse than expected. Until the economy shows more signs of improvement, interest rates aren’t expected to move much.
Media
Nothing to tell you this month, my wedding on the 5th & 6th has kept me out of the media.
Past Articles
What does a payment of $______ get me with today’s rates? I was recently ask an excellent question that at the time I wasn’t able to answer. What does a payment of _______ get me for a mortgage these days with today’s rates? This is a difficult question to have an answer right off the bat because… CLICK HERE TO READ
Jim Flaherty Comments On Tighter Lending Standards & Canadian Mortgages. Canadian Finance Minister Jim Flaherty has come forward to state that regulations for real estate purchases and mortgage amortizations could change soon. In view of the recently meltdown in the US that caused a global recession, he motioned his intentions were to…. CLICK HERE TO READ
AM730 Mortgage Secret™ radio spots: CLICK HERE TO LISTEN
you.com (Featured article for CMP magazine): The Canadian Mortgage Professional Magazine contacted me about writing an article on creating your own website and all the steps. CLICK HERE TO VIEW THE ARTICLE
Client Success
I don’t generally mention a clients name but this month I will because it’s me! I structured the 25 year mortgage from a recent real estate purchase to be paid off in 13 years. By simply increasing my payment by 20% and using a bi-weekly accelerate payment, I will knock off 12 of the 25 years on my mortgage. Believe it or not but this is without any annual balloon payments.
Suggest someone you think would appreciate some real estate advice and get a free copy of this book!
Sorry but no book review this month. In view of my wedding, I haven’t had any time to enjoy a book. |
