Maybe you're thinking... slow economy, no vacation next year.
Well... let US send You!!
and give you $1,000 to spend!
Here's How
Each and every time you refer a friend, family or acquaintance that obtains a mortgage or refinance with us before December 31, 2010, you will receive $50, or choose a gift certificate to Moxie's restaurant (equal value). That's $50 each referral up to 5 referrals. On the 5th we will double it and send you $250 and $100 each time after that.
Here is the good part!
Just refer 10 people and you will earn 7 days and 7 nights at a resort condo of your choosing anywhere in the world for your next year's vacation. To wet your appetite go to www.rci.com to check out the great places you can stay. Contact us for more details.
It's easy, tell everyone you know to talk to us first and tell them to say you sent them!
March 2009, Prime Rate has never been lower in the history of Canada
In order to stimulate the economy
the Bank of Canada has lowered the overnight lending rate to an historic low of .05%. As a result most lending institutions have lowered their prime rate to 2.5% and have also lowered their fixed mortgage rates. Now might be a good time to examine your current mortgage to see if refinancing to a new lower rate would save you money.
Contact us today for a free cost benefit analysis and find out if you can save.
2009 Federal Budget Changes
There were a couple of goodies added to the recent Federal Budget that affects home owners and potential home owners. They are:
1. A $5,000 increase to the RRSP Home Buyers Plan, now allowing first time home buyers to withdraw up to $25,000 tax free and interest free to provide down payment.
2. A $750 tax credit to first time home buyers to give a little tax relief for closing costs.
Federal Government Legislation as of October 15, 2008
The Federal Government has introduced new legislation effective October 15, 2008. This legislation eliminates 100% financing, or no down payment at discount rates.
Now, 100% financing through insurers like CMHC and Genworth will be 95% financing with 5% (downpayment) borrowed from either the lender or outside source. If it was borrowed from the lender, typically this would be in the form of a 5% cash back. If borrowed from outside sources, the cost to do this would have to be added to your debt calculation. This means that 100% financing is still available, but processed in a different way with a slightly higher interest rate.
Longer Amortizations
Again, the Federal Government has eliminated the longer 40 year amortization on all insured mortgages. They will still allow a 35 year amortization, which does lower your monthly payments. 40 year amortizations are still available with some non insured lenders.
"Why isn't every Canadian making his mortgage tax deductible" (Larry Bell, Chair, BC Hydro)
How would you like to pay off your mortgage in as little as half the time? In the same time, pay less income tax and build your retirement investment portfolio. No new money is required and your debt will not increase. The benefits are free and legal! Why not join the ranks of the wealthy; they have been doing this for years? For details please contact us.
Contact us for a solution tailored to your needs .
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