Tuesday, December 16, 2008
Rates could be changing again
It looks like some of the Lenders have increased their VARIABLE Products to Prime + .80% from their previous Prime + .60% earlier this week. Variable products were KING at the beginning of the year. It was well worth getting into a VARIABLE than a CLOSED FIXED Mortgage. Lenders have done studies that show being in a VARIABLE product over a 10-year period is far better than a closed fixed product. Unfortunately, I would wait to place any of my clients into the product until they came back to PRIME or less. We may have to wait until Spring for this to happen. We will keep our eyes and ears open for any hint of them changing to the better.
Monday, December 15, 2008
Welcome Jeff Trounsell to Centum Pacific Mortgages
We would like to welcome Jeff Trounsell, formerly of CIBC Mortgages Toronto to our Team here at Centum Pacific Mortgages, here in Vancouver. Jeff has over 10 years experience in Finance. You can Contact Jeff Directly at 778-960-1123 Centum Pacific Mortgages, 1385 Homer Street, Vancouver, BC, CANADA 604-603-0999 or jeff_trounsell@centum.ca
Bank Rate drops .50%
The Canada Prime Rate drops .75%, however the Lenders have only dropped .50%. We are still looking at Variable products at .60 to 1.00% about Bank Prime. On Friday, Dec 12, we noticed many of the Lenders dropping their Closed fixed rates to under 5%. Some as low as 4.95% for a 5 year term. Plus, the Lenders are looking at dropping even further if you can complete a sale within 30 days, offering a futher deep discount to 4.79% for a five-year term.
For more information on rates and what you can qualify for, please call Centum Pacific Mortgages at 1385 Homer Street, Vancouver, BC, CANADA. Ph 604.603.0999 ro email me at doug_atkinson@centum.ca
Monday, December 1, 2008
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