Saving YOU Money...That's What I Do!

As some of you may have heard, some major lending institutions have lowered their fixed term rates.

Someone mentioned to me the other day that they were concerned that if the rates were so low people will increase their debt loads, possibly beyond their means. Be assured, individuals who apply for mortgages MUST qualify at the posted rates which are often always higher (over 5%).

However, the benefit to you is that you don't have to pay 5%. How does 2.99% sound??? Yes, it sounds great, its a HUGE savings! Take advantage of the low interest rates.  I've had a few people ask me recently what I would recommend when choosing the type of mortgage whether that be variable or a fixed term.  My answer is that the fixed term rates are pretty much the same as the variable rates so why wouldn't you lock in? It doesn't really make any sense at the moment to go for the variable rate if you can have security for 4 years at the same price. If you’re considering purchasing a new home its important that you get a pre-approval completed so that you can secure this low rate. Call me today and I'll connect you with the people you need to speak with in order to get this rate.

As for the current home owners who are likely feeling a little blue, YOU NEED NOT! Just because you may be locked into a 5 year term, or less, you could still potentially be able to change your mortgage to a lower rate and acquire some savings.

If you're interested in saving some money be sure to give me a call and we can look into it together.  Part of what I do is I'm always looking for ways I can save my clients money. So what are you waiting for? It's worth at least a phone call: 604-910-LACE(5223).

RATE SALE! A note from Deborah Dickson @ RBC:
RBC Royal Bank Announces Special 2.99 per cent and 3.99 per cent Fixed Rate Mortgage Offers

TORONTO, January 13, 2012 - RBC Royal Bank announces a four-year special 2.99 per cent fixed rate mortgage offer and a seven-year special 3.99 per cent fixed rate mortgage offer. Both offers are effective January 14, 2012.

"We are pleased to offer all Canadians flexible mortgage options at outstanding value. Canadians can choose between our great low four-year rate at 2.99 per cent or affordable protection at 3.99 per cent for seven years. They can even combine the two within our flexible RBC Homeline Plan," said Marcia Moffat, Head, Home Equity Financing, RBC. "All RBC mortgages come with amortizations of up to 30 years and full prepayment privileges. Also, Canadians can take advantage of our "double up" feature to become debt free faster."

This rate is a discount off of posted rate and is only available on new mortgage applications made until February 29, 2012. Mortgage must be funded by April 30, 2012.
Other terms and conditions may apply.

I look forward to hearing from you soon!
Lacey