Friday, December 10, 2010

Bank of Canada - Prime Rate

The bank of Canada left the Country's Key lending rate unchanged on December 6, 2010. That keeps prime at 3.00% for now. The Bank of Canada website houses some useful information which can provide you a good indication how bond yields and the Canadian Dollar are preforming.

The next interest rate meeting is in six weeks on January 18, 2011.

Wednesday, November 10, 2010

Remembrance Day

They shall not grow old

They shall not grow old, as we that are left grow old:
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them.

From Laurence Binyon's poem For the Fallen, written in September 1914

Monday, November 1, 2010

Cash back Mortgages or Free down mortgages

It is true! - you can be approved for a mortgage and have no money down.

The cash back program is not for everyone, but a first time home buyer with excellent credit and job stability could qualfiy for a mortgage without needing a down payment.

Call me today - 780-919-0475 and I will explain the whole process.

Amy Wilson
amy@brokersforlife.ca
Toll Free - 1-866-902-7771

Wednesday, October 27, 2010

Mortgage Questions

Please let me know what you want to learn in regards to mortgages and I will help!

Looking forward to any and all responses.

Amy Wilson

Saturday, October 23, 2010

Customer Testimonials

Below are testimonials from a few of my clients that I would like to share with you!

Thank you Amy for all of your help! You were so quick it made everything run smoothly for us. We are now officially moved in and it feels great! Now we are just hoping the good weather lasts so we can enjoy having our own yard for the first time!!
Lindsey and Logan

Good Evening Amy,
Thank-you very much for the postcard that you has sent. In future when I buy my 2nd house I will definitely contact you for my mortgage. And will definitely recommend you in my friend group.
Regards
Asif

I personally would like to thank you for your kindness, and information that you provided me with in order for me to make appropriate decision.
Thank you Ahmed

Thank you for your prompt responses. I really appreciate it.
Tesha

Hi Amy,
I gave my friend your info as she needed some mortgage help. She was very impressed how quickly you got back to her. She won't be buying from me as she works for another builder but I wanted to make sure she had somebody awesome helping her out with the financing!
Crystal

Thank very much. As always, your an amazing help. Have a great day
J

Hi Amy!
Thanks so much! It was wonderful working with you as well and I will definitely keep your contact information handy!!
Sherri
Associate
Re/Max Real Estate

Amy, as per the norm you are always timely, friendly and so helpful with everything, Thank-you so much for all the time and care you put into getting me my home - I will definitely recommend you to everyone and anyone I know!
Steve

Amy you are AWESOME!
Ashley

"Amy is one of our hardest working agents. She is constantly helping her customers achieve their goals of home ownership by finding the mortgage that best fits their needs." Len

I would love to assist you with your mortgage needs as well
Contact Amy Wilson
Cell:780-919-0475
Toll-Free - 1-866-902-7771
amy@brokersforlife.ca

or go to my website and do an online application

http://brokersforlife.verisite.ca/wilsonmortgagesolutions

Thursday, October 21, 2010

Rate Specials in Effect - Act NOW!!!!!!!!!!!

5 year fixed – 3.49% Quick Close
5 Year VRM – 2.25% Quick Close
3 Year Fixed – 2.9% Quick Close
Rate are subject to purchaser and property qualification and can change without notice. O.A.C., E. & O.E. Verico Brokers For Life
Dated 10/21/2010


Amy's Quote for Today!
"I owe I owe so it is off to work I go"

Wednesday, October 20, 2010

CMHC NEW TO CANADA PROGRAM

Facilitating Housing Choice for Newcomers to Canada
Newcomers to Canada play an increasing role in Canada’s future
population growth, creating new market opportunities.

CMHC insured financing is available to borrowers with permanent and non-permanent residence status, helping newcomers to realize their dream of home ownership in Canada.

Newcomers with permanent residence status can purchase a home with a minimum down payment of 5%.

Competitive Interest Rates
Access to CMHC-insured financing, and as a result, competitive interest rates.

Availability
Available coast-to-coast-to-coast with no maximum house price or loan amount.

Features
 Newcomers with permanent resident status have access to all CMHC
Mortgage Loan Insurance products (subject to product specific eligibility
requirements).
 For permanent residents, where there is limited Canadian credit history
and where foreign credit bureaus are not available, CMHC continues to
consider alternative sources of payment history for Loan-to-Value ratios
between 80.01% and 95%.
 Newcomers with non-permanent resident status have access to
CMHC-insured financing of up to 90% loan-to-value ratio for the
purchase of a 1 unit owner-occupied residential property.
 No additional fees or premiums as a result of residency status - standard
product specific premiums apply.
 No minimum period of residency required.
OPIMS 65628 04/19/10
This information provides product highlights on CMHC's Mortgage Loan
Insurance products. Any requirements that are described would be subject to
CMHC's mortgage insurance terms and conditions and underwriting policies.
Products and their terms and conditions may change at any time.
© 2010, Canada Mortgage and Housing Corporation.

Contact Amy Wilson
780-919-0475 or 1-866-902-7771
amy@brokersforlife.ca

I can answer any questions you have and get you started on getting your first home in Canada at very competitive rates!

Tuesday, October 19, 2010

Understanding Your Mortgage Options!

Congratulations! You’ve decided to begin your search for a new home, or
perhaps you’ve already found the home of your dreams and are ready to make
an offer. It’s now time to consider your mortgage options. But with so many
different choices available, how can you select the right kind of mortgage for
your needs?
To help you make an informed decision, Canada Mortgage and Housing
Corporation (CMHC) offers the following answers to some of the most common
questions Canadians have about choosing a mortgage:
o What is the difference between conventional and high-ratio
mortgages?
A conventional mortgage is a loan for up to 80 per cent of the purchase price
(or market value) of a home. With a conventional mortgage, the buyer
supplies a down payment of at least 20 per cent, and mortgage insurance is
usually not required. If your down payment is less than 20 per cent of the
purchase price, however, you will typically need a high-ratio mortgage. High-
ratio mortgages normally have to be insured against payment default.
o What are fixed, variable or adjustable interest rates?
When you choose a mortgage, you have to decide whether you want the
interest rate to be fixed, variable or adjustable. A fixed rate is locked-in for
the entire term of the mortgage. With a variable rate, the payments remain
the same each month, but the interest rate fluctuates in accordance with the
overall market. For adjustable rate mortgages, both the interest rate and the
mortgage payments vary based on market conditions. Talk to your lender to
find out which option is right for you.
o Should I choose an open or closed mortgage?
With a closed mortgage, you pay the same amount each month for the entire
term of the mortgage. Closed mortgages can be a good choice if you want a
fixed payment schedule, and you don’t plan on moving or refinancing before
the end of the term. An open mortgage allows you to pre-pay a lump sum or
even the entire loan at any time without a penalty. An open mortgage can be
a good choice if you’re planning to sell your home in the near future, or if
you want the flexibility to make lump sum payments.
o What about the term, amortization and payment schedule?
The term is the length of time (usually from six months to 10 years) that the
interest rate and other conditions of your mortgage will be in effect.
Amortization is the period of time (such as 25 or 30 years) over which your
entire mortgage debt will be repaid. Lastly, the payment schedule sets out
how frequently you will make payments on your mortgage – usually either
monthly, biweekly or weekly.
(Source: Canadian Mortgage Housing Corporation)

For more information on understanding your mortgage options: Contact
Amy Wilson
Company: Verico Brokers For Life
Phone: 780-919-0475
Fax: 877-392-5092
Email: amy@brokersforlife

Saturday, October 16, 2010

Amy can Help with Good Credit or Bad Credit

A mortgage broker should be your first choice to arrange a mortgage on your behalf. A good broker has between 5 and 10 lenders to send your mortgage application to because that's all that is necessary. It's better to have a relationship with fewer lenders to assure quality service at the underwriting level.

I can obtain mortgages for:

First time home buyers
Business for self or commission sales
Impaired or absence of credit
Recent bankrupt
Construction financing
Mixed use properties
Rural properties
Renewals, Debt Consolidation
 
Contact me today to arrange a meeting so I can meet your specific mortgage needs and get you some of the most competitive rates in the industry along with excellent customer service..
Amy Wilson
780-919-0475
amy@brokersforlife.ca
http://brokersforlife.verisite.ca/wilsonmortgagesolutions