Tag Archives: fixed rates

Mortgage Rates for January 6, 2015 — By Peter Paley

                                          

Peter Paley - Your Home and Mortgage Peter Paley

Happy New Year 2015  to everyone. If you are in the market for a new mortgage, needing help on getting the best rate for your needs, Look no forward then to the Peter Paley Mortgage Team.

Looking at Purchasing that New Home, Needing a Mortgage,

Contact Peter Paley at Invis Mortgage

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.99%

2.69%

2 YEARS

2.94%

2.59%

3 YEARS

3.44%

2.69%

4 YEARS

3.94%

2.87%

5 YEARS

4.79%

2.94%

7 YEARS

6.04%

3.79%

10 YEARS

6.50%

4.39%

Rates are subject to change without notice. OAC E&OE

Prime Rate

3.00%

5 yr variable

2.40%

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Mortgage Rates for July 22 , 2014 — By Peter Paley

                                            
Peter Paley - Your Home and Mortgage Peter Paley

Looking at Purchasing that New Home, Needing a Mortgage,

Contact Peter Paley at Invis Mortgage

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

4.00%

2.49%

1 YEAR

3.09%

2.64%

2 YEARS

3.04%

2.34%

3 YEARS

3.44%

2.49%

4 YEARS

3.94%

2.77%

5 YEARS

4.79%

2.89%

7 YEARS

6.04%

3.79%

10 YEARS

6.50%

4.39%

Rates are subject to change without notice. OAC E&OE

Prime Rate

3.00%

5 yr variable

2.35%

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

 

Peter Paley Mortgage Associate Send an EmailVisit Website

Mortgage Rates for June 24 , 2014 — By Peter Paley

                                           
Peter Paley - Your Home and Mortgage Peter Paley

Looking at Purchasing that New Home, Needing a Mortgage,

Contact Peter Paley at Invis Mortgage

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

4.00%

3.95%

1 YEAR

3.09%

2.99%

2 YEARS

3.04%

2.59%

3 YEARS

3.44%

2.79%

4 YEARS

3.94%

2.77%

5 YEARS

4.79%

2.99%

7 YEARS

6.04%

3.79%

10 YEARS

6.50%

4.39%

Rates are subject to change without notice. OAC E&OE

Prime Rate

3.00%

5 yr variable

2.40%

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

 

Peter Paley Mortgage Associate Send an EmailVisit Website

Mortgage Rates for March 11, 2014 — By Peter Paley

                                             
Peter Paley - Your Home and Mortgage Peter Paley

Looking at Purchasing that New Home, Needing a Mortgage,

Contact Peter Paley at Invis Mortgage

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

4.00%

3.95%

1 YEAR

3.09%

2.99%

2 YEARS

3.04%

2.59%

3 YEARS

3.75%

2.79%

4 YEARS

4.64%

2.97%

5 YEARS

4.99%

3.19%

7 YEARS

6.15%

3.99%

10 YEARS

6.75%

4.39%

Rates are subject to change without notice. OAC E&OE

Prime Rate

3.00%

5 yr variable

2.50%

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

 

Peter Paley Mortgage Associate Send an EmailVisit Website

Can I afford higher mortgage rates ? By Daryl Harris Mortgage Broker

Can I afford higher mortgage rates?

By on November 20, 2013
 
Higher Mortgage Rates
 
Are you prepared for higher mortgage rates?
 
Yesterday, the OECD (Organization for Economic Cooperation and Development) said that the Bank of Canada may need to start increasing rates in 2014 and 2015 by as much 2.25%.   This theory is based on the fact that Canada’s economy will start to gather steam and exports will be higher than expected.  The OECD is a global think tank represented by the worlds leading economies.  They also warned of inflated home values in Canada.
 
On the same day, CAAMP (Canadian Association of Accredited Mortgage Professionals) released their report on the State of the Residential Mortgage Market in Canada.  They survey consumers like you and ask them plenty of mortgage related questions.  One of the big questions asked, Can you afford higher payments if rates increased to 5%.  While the majority of consumers would have no issues with higher mortgage rates, there was a small percentage who would have challenges.
 
Herein lies the question you need to ask yourself, can I afford higher mortgage rates?  A simple solution is to perform a “Mortgage Rate Test”.  
 
Every month, two weeks or week you have a mortgage payment.  Go to this calculator and increase the existing rate on your mortgage by 2.25% (ex. if your rate is 2.89% enter 2.89+2.25 or 5.14%).  
 
You will need your existing mortgage balance and your existing amortization period.  If the payment that appears scares you, some planning and preparation will ease your mind.  Secondly, if you are planning a major purchase that you may be financing either by way of a loan, line of credit or refinance, take the test before the purchase.
 
Higher Mortgage Rates
 
The Higher Mortgage Payment Calcuation
 
The key is to start planning now and implementing strategies to help you when rates start increasing.  I have a 15 minute “Don’t Break the Bank Challenge” that would be based on your situation that can be done in person or via on line to help you be prepared.  Contact me now to take the challenge.  My new tag line will be, “Putting minds at ease since 2013!”
 
Source: Daryl Harris Mortgage Broker