HawthorneVillager.com

Hello Everyone,

Happy back to school!!!!

Rates continue to be unpredictable as they have been all summer ..... 5 year closed mortgage now 3.49 %...... for now.
With rates going up and down without much notice I strongly recommend getting pre approved to take advantage of the 120 day rate hold.... guarantee yourself the lowest rates until Dec 2011!
Please check out my updated website at www.bemortgagefree.ca
I now have my monthly newsletters up on the site!

5 yr fixed - 3.49%
5 yr variable - 2.40%

_________________
Paul Smith
Mortgage Agent
Mortgage Intelligence
Lic# M09000464
P - 905-691-6796
E - paul@bemortgagefree.ca
W - www.bemortgagefree.ca

Found On Facebook: Be Mortgage Free

rates are coming down

No need to lock into anything.

Hopefully, rates do keep on coming down!! At least for those of us that have or need mortgages!

This also brings up a great point.....when you submit a preapproval, you not only get the security of the lower rate if rates increase, but if the rates decrease, you will get to hold the lowest rate during the 120 day rate hold period.

_________________
Paul Smith
Mortgage Agent
Mortgage Intelligence
Lic# M09000464
P - 905-691-6796
E - paul@bemortgagefree.ca
W - www.bemortgagefree.ca

Found On Facebook: Be Mortgage Free

That is a prediction. While you may be right, there is nothing wrong with locking in a rate to guarantee you a specific rate. If you wait, and bond yields spike, so will fixed mortgage rates, and you could end up paying more than you need to. Locking in at least guarantees you a specific rate. You are not locked into that rate and if rates drop, most brokers/banks will ensure you get the lower rate. Locking in guarantees you win. Not locking in doesn't guarantee you anything. Let's try to make sure everyone gets the best advice possible on this board.

_________________
Paul Meredith
Mortgage Broker
CityCan Financial (est 1976)
416-409-8009
http://www.easy123mortgage.ca
paulm@citycan.com
Lic#10532

Follow me on Twitter! http://www.twitter.com/paulmeredith

It builds our relationship with the borrower and gives us the opportunity to show them what we are able to do, and the quality of service we provide. If the borrower is constantly rate shopping, it gives them a guarantee on a specific rate, which would bring them back to us should they not find anything lower. Win/Win situation.

A good broker will always be on the lookout for lower rates for their clients to maximize their savings. A pre-approval (rate guarantee) with one specific lender doesn't mean we are going to keep you with that lender necessarily. If lower rate pops up from another lender, we can always switch you to the lower rate. Another benefit to using a broker over a bank.

_________________
Paul Meredith
Mortgage Broker
CityCan Financial (est 1976)
416-409-8009
http://www.easy123mortgage.ca
paulm@citycan.com
Lic#10532

Follow me on Twitter! http://www.twitter.com/paulmeredith

Rates are going lower. No need to lock in.

sh*t will hit the fan in october. Wait.