Stephen Sita - Mortgage Agent
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Providing mortgage solutions to achieve your personal goals.
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Here are seven common signs you need a mortgage tune-up 1. You are locked in at a higher rate than you could get today – and you want a professional opinion on your options; 2. You're thinking about moving to a new home this year – or pondering buying an investment property; 3. You're carrying more than $25,000 in high-interest loans or credit cards and it's affecting your cash flow; 4. There's a renovation or home repair project coming up this year – either by choice or necessity; 5. An investment or business opportunity is available – and you wish you could take advantage; 6. There's a large expense looming – tuition, wedding – and you want to plan ahead; and, 7. Your mortgage is up for renewal in 2016. If we haven't seen you in the last year – or if you recognize one of the signs that it's time for a tune-up – give us a call or send an email anytime. And if you know someone who could also benefit: consider this a coupon for a free inspection for a friend or family member! A mortgage in tip-top condition is the best way to get you where you're going in your financial future!
The Bank of Canada announced today that it is holding the benchmark rate steady for the fourth straight time, noting that “prices for oil and other commodities have declined further and this represents a setback for the Canadian economy”, although “national employment remains resilient despite job losses in the resource sector and household spending continues to expand.” Inflation is also evolving broadly as expected. Taking all of these developments into consideration, the Bank judges the current stance of monetary policy remains appropriate, and “expects the economy’s return to above-potential growth to be delayed until the second quarter of 2016.” 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. The next rate-setting day is March 9, 2016. Get in touch today for help determining whether a fixed or variable-rate mortgage will work best for your situation.
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