Hello my Faithful Blog Readers!
I came across this write up from one of the amazing mortgage advisors I work with and thought I would let you in on it. It covers where things are currently at with interest rates and lets you know about some of the FREE services that we provide to help you save money.
A NOTE FROM BJ BLOCK - http://bjblock.mortgagebrokerteam.ca/
Rate News – One of the most asked questions we’ve received lately is regarding interest rates, and where they’re headed. While its impossible to predict the future, one of the key indicators we pay close attention to is policy set by the US Federal Government. Ben Bernake, U.S. Federal Chairman confirmed recently that the exceptionally low interest rates in the US will last for an ‘extended period of time’. Though the Canadian economy is in considerably better shape, most analysts predict that we won’t see any movement in our Prime rate until the announcement on July 19th. Even if rates begin to rise, we don’t expect them to rise too quickly or too aggressively. For this reason we are still recommending variable rate mortgages to our clients who qualify, while maintaining options to ‘fix’ at any time for long term planning.
Debt Consolidation - The debt load the average house hold carries has garnered significant press recently. I’m often surprised by how many clients continue to carry high balances on credit cards and student loans when there is equity in their home they can access. Whether it be a Line of Credit, or a small second mortgage, there are a variety of products available for people who have equity in their home to consolidate debt. I recently went through this process with my mortgage and took out a small home equity line of credit to consolidate some of our debt. By doing so I’ve saved nearly 15% in interest, and have been able to manage and pay down debt much easier.
Call me today and allow us to see if we can help you save some money and put a plan together specifically for you.
What are you waiting for? It’s worth a phone call at least......
604-910-LACE (5223)
www.homeswithlacey.com
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