Tag Archives: Mortgage by Peter Paley

Mortgage Rates for Dec 8, 2015 — By Peter Paley

                                            

Peter Paley - Your Home and Mortgage Peter Paley

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 Please contact us for these unpublished rate specials.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

2.89%

2.29%

2 YEARS

2.84%

2.24%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.74%

7 YEARS

5.30%

3.49%

10 YEARS

6.10%

3.89%

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

Prime Rate

2.70%

5 yr variable

2.30%

Looking at Purchasing that New Home, Needing a Mortgage,

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.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Mortgage Rates for Sept 15, 2015 — By Peter Paley

                                             

Peter Paley - Your Home and Mortgage Peter Paley

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

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.49%

5 YEARS

4.64%

2.59%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

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

Prime Rate

2.70%

5 yr variable

2.05%

Looking at Purchasing that New Home, Needing a Mortgage,

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.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Mortgage Rates for August 18, 2015 — By Peter Paley

                                             

Peter Paley - Your Home and Mortgage Peter Paley

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

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.59%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

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

Prime Rate

2.70%

5 yr variable

2.20%

Looking at Purchasing that New Home, Needing a Mortgage,

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.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Mortgage Rates for August 11, 2015 — By Peter Paley

                                               

Peter Paley - Your Home and Mortgage Peter Paley

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

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.59%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

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

Prime Rate

2.70%

5 yr variable

2.07%

Looking at Purchasing that New Home, Needing a Mortgage,

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.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Bank of Canada lowers benchmark rate down to 0.50 per cent

                                           

Peter Paley - Your Home and Mortgage Peter Paley

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

Bank of Canada lowers benchmark rate

The Bank of Canada announced today that it is lowering its key rate down to 0.50 per cent given faltering global growth, a lower outlook for Canadian growth and increased downside risks to inflation. The Bank notes that “additional monetary stimulus is required to help return the economy to full capacity and inflation sustainability to target.”

Great news if you’ve got a variable-rate mortgage, need a new mortgage, are renewing, or want to consolidate debt at the lowest cost funds. Get in touch today for help determining whether a fixed or variable-rate mortgage will work best for your situation.

The next rate-setting day is September 9th.

 

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

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.59%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

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

Prime Rate

2.85%

5 yr variable

2.20%

Looking at Purchasing that New Home, Needing a Mortgage,

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.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Duplex at 227 Balmoral Street, Winnipeg

Showings start Monday, July 13. Please allow for 24 hour notice.

 

Rents are $1070 plus hydro and water, and $795.00 plus hydro and water.

 

Excellent location. Only an couple minutes from The U of W and a few short minutes from downtown. Close to everything – shopping, transportation, schools, playgrounds, Osborne Village – right off Broadway. All appliances included. Both suites have washer/dryer. Completely separate entrances. Lots of parking. Good tenants.Revenue properties 027

Revenue properties 038 Revenue properties 039

More pictures and information on this Home at 227 Balmoral Street Winnipeg MB.

Call Realtor Rosalie to view this Duplex Home.

Fee models and broker responsibility

by Justin da Rosa | 18 Jun 2015
 
The head of one leading lender believes trailer fees are here to stay – and that it is the brokers’ responsibility to ensure the endurance of the model.
 
“Unless brokers make this a need and a want, the lending community itself will never change; it’s their business, their future and their value,” Boris Bozic, president and CEO of Merix Financial told MortgageBrokerNews.ca. “Our mindset in the industry is an eat what we kill mentality and then we move on to the next kill, versus looking at this application and this kill and wondering how much more we can earn off this one particular application in the future.
 
“If you do that enough times up front it means you have to kill less going forward.”
 
The recent conversation around trailer fee models was sparked when one lender decided to nix its own program, citing its negligible impact on client retention.
 
And opinion is divided about the advantages of the model, with some preferring to earn up-front with the opportunity to move the client to a new lender at renewal.
 
“I would rather get my money up front and invest it myself rather than rely on … any other lender offering trailers,” one broker recently commented on MortgageBrokerNews.ca
 
Still, there are many who believe trailer fees are a good way to continue to earn revenue while also having to rely less on earning new clients.
 
Bozic believes those who consider their business in the longer term are the ones attracted to trailers.
 
“Trailer fees are not for everybody; the trailer fee model will attract those individuals that are looking to create book value for their business,” he said. “For example we have 36 mortgage brokers now who woke up on January 1, 2015 knowing that they were going to earn in excess of $100,000 in trailer fees.”
 
Merix, of course, operates two models. 65 per cent of its business falls under the Merix (trailer) banner, with the other 35 per cent going to Lendwise, its more traditional, upfront revenue model.
 
But what about the charge that trailer fees may be a thing of the past? Bozic disagrees.
 
“I believe trailer fees are here to stay,” he said. “It continues to be a viable compensation form – here is how I know it’s viable. Merix Financial in 2015 will pay out $8 million in trailer fees.”
 
Source: MortgageBrokerNews.ca

7 marketing and sales differentiators that work

With rare exceptions, most products and services will at best be competitive. To create real differentiation for yourself and your company, focus on providing fresh ideas, innovative insights, and benefits that address your clients’ concerns.
 
Here are seven differentiators that do work and are easy to implement.
 
1. Resilience
 
There will always be occasions when things don’t work out as planned, no matter how well prepared you are. Being able to quickly recover, admit mistakes and learn from these setbacks will be appreciated and applauded by clients, as it provides a measure of assurance that you are in it for the long haul.
 
2. Speed
 
Many companies are winning new business simply because they are fast, reply to emails quickly, return phone calls in a timely manner, and follow up with requested information promptly. Often their products and services are no better than the competition; they simply are able to get to the client first.
 
3. Personalization
 
Clients are delighted when they actually get to speak to a real person or receive a personalized email reply instead of a computer-generated response or out-of-office reply. If you must use an automated response, take the time to personalize it instead of using the standard stock replies as everyone else. With a little bit of effort, you can create a personalized approach in your own style.
 
4. Value
 
Do you provide the same services and ideas as your competitors? Some companies are great at adapting ideas once the market demand is there, while others are continually innovating with new ideas and become market leaders. When your customers recognize you as an innovator, you will be positioned as a leader and your competitors will be forced to follow. This applies to products, services and ideas.
 
5. Optimism
 
Research studies have shown that optimistic professionals outsell the non-optimistic; the reason is that when people are in a certain mood, be it happy or depressed, that mood is often communicated to others. What is the mood at your company? What is your staff communicating to your clients? Being optimistic is a contrarian approach to out-thinking your competition. Regardless of what is happening in the world, there is always a different way of looking at things.
 
6. A real guarantee
 
One search firm provides a six-month, 100% -guarantee on all searches, another firm provides a 100% 12-month money-back guarantee. The key to developing real guarantees is to keep it simple and easy to understand without the small print.
 
7. Competence
 
Clients love competence versus jack-of-all-trades. Become a student of your industry and marketplace; learn more than just the buzzwords. Most people do not call a handyman to fix an electrical problem – they call a specialist electrician. Your clients are more apt to look for help from an expert with relevant experience. Forget all of the marketing hype and latest fads, and instead become 100%-focused on the problem and challenges of your market, and provide fresh ideas and insights that address their pressing issues. You will quickly stand out in the market, and will become known as the go-to person.
 
Clifton Warren, CMC, principal of Corporate Eye Consulting, is a marketing and sales strategist, coach and speaker who works with financial services professionals.
 
Source: MortgageBrokerNews.ca
 

Message from Realtor Rosalie Drysdale

Needing a Mortgage for your new purchase, Not sure which Mortgage Broker to USE, Call Rosalie Drysdale and I will help you find a #winnipegmortgagebroker who will be in your corner getting you the best mortgage rate possible.

Mortgage Rates for June 9, 2015 — By Peter Paley

                                            
Peter Paley - Your Home and Mortgage Peter Paley

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

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.59%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

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

Prime Rate

2.85%

5 yr variable

2.20%

Looking at Purchasing that New Home, Needing a Mortgage,

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.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Want a mortgage-burning party ? Five ways to do it sooner. From Peter Paley Mortgage Broker

Peter Paley new logo june 11,2013You’ve got your down-payment and you’re ready to go. Congratulations! Soon you’ll need to verify that down-payment for your mortgage approval. It’s required by all lenders to protect against fraud and to prove that you are not borrowing your down-payment, which changes your lending ratios and potential approval.

 

 Here’s how to prepare:

  1. Provide a 3-month history of any bank account(s) where you have been assembling your down-payment. It’s critical that your name is linked to the account; some internet printouts don’t show a name.
  2. If you had any large deposits, show its source i.e. if you sold your car, show a copy of the bill of sale. If you transferred money in from another account, bring the records for that account too.
  3. If all or part of your down-payment will be a gift, a gift letter must be signed. A bank statement from the giver will verify the funds. Be prepared to show the funds deposited to your account no later than 15 days prior to closing. Gifted funds are only acceptable from immediate family members (parents, grandparents, siblings).
  4. If using RRSP money, provide a 3-month history of the account. If you are withdrawing under the Home buyer’s Plan, the funds must have been in the account for 90 days.
  5. If you are getting money from outside the country, get the money into Canada at least 30 days before funding, and provide a 90 day confirmation from that location.
  6. Regularly deposit all cash in the bank, don’t stockpile at home.
  7. If your down-payment is coming from the sale of your home, provide a firm contract of purchase and sale and the current mortgage statement.
  8. You’ll also need to verify that you have an additional 1.5% of the purchase price to cover closing costs.

Want a mortgage-burning party ? Five ways to do it sooner.

The faster you can pay off your mortgage, the more you’ll save in interest and the faster you can build wealth. Here are five ways to do it sooner:

  1. Add a bit to your monthly payment. Finding an extra $50 each month could shave years – and thousands of dollars – off your mortgage.
  2. Make a yearly pre-payment. Put a lump sum on your mortgage each year i.e. tax refund or bonus. There is a much greater impact when made early in the mortgage.
  3. Increase your income ? Increase your payments. Just pretend your income didn’t increase and maintain your usual lifestyle.
  4. Choose bi-weekly payments. Instead of paying monthly 12 times per year, pay every two weeks for 26 payments, giving you one more payment each year.
  5. Stay informed. Don’t let your mortgage go on auto pilot. Save money at renewal and take advantage of opportunities.

Looking forward to your own mortgage-burning party some day? I can help.

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