Miss Mortgage

Re-finance your mortgage at NO COST

2009-11-06T18:51:11-05:00

Effective today, you can re-finance your mortgage at no cost.

Typical costs associated with a mortgage re-finance are:

1) Appraisal cost

2) Legal registration cost

3) Mortgage discharge statement

Call me today for specific details.

This blog post was written by Elizabeth Blair on November 6, 2009. Elizabeth Blair is a Licensed Mortgage Agent with Mortgage Edge in Richmond Hill, Ontario. Elizabeth services mortgage clients in Mississauga and all over the Greater Toronto area. You can contact Elizabeth directly by phone at (905) 510-5785

by email at eblair@mortgageedge.ca

or you visit her website at: www.missmortgage.ca

Elizabeth is licensed with the Financial Services Commission of Ontario and is also a Member of IMBA (the Independent Mortgage Brokers Association of Ontario) www.imba.ca

Lic # M08005880 / Brokerage Lic # 10680

Head office is located at: 15 Wertheim Court, Suite 210, Richmond Hill, Ontario, Canada.

Fixed Mortgage rates moving up?

2009-10-13T19:34:00-04:00

The bond is up by more than 22 points in the last few days. Lenders continue to report fixed rate increases - see links below, but no reports for an increase in the prime rate yet.

Are you pressed for time? With fixed rates rising, you may be wondering how to jump quickly, on a rate hold. Please call me today to find out about locking in a rate for 120 days.

It only takes 2 minutes (time is guaranteed) to request a Rate Hold*.

See link: Announcement by a major bank

See link: Bonds

Here's a good article on the interest rate debate. The Fed in the US, will fire the first shot.

Even though Australia raised rates last week, most bankers will follow the Fed.
To ignore the Fed would mean fluctuations in currency values that would hurt one's economy. See following link in the New York Times.

New York Times

* ”Rate Hold”: a rate hold is not the same as a mortgage pre-approval application. If you apply for a rate hold, you are still required to undergo a regular mortgage application process. The lender reserves the right to either accept or decline, any applicant, based on their review of the mortgage applicant(s) submitted application(s). This review involves the verification of personal credit report history and verification of income.

This blog post was written by Elizabeth Blair on October 12, 2009. Elizabeth Blair is a Licensed Mortgage Agent with Mortgage Edge in Richmond Hill, Ontario. Elizabeth services mortgage clients in Mississauga and all over the Greater Toronto area. You can contact Elizabeth directly by phone at (905) 510-5785

by email at eblair@mortgageedge.ca

or you visit her website at: www.missmortgage.ca

Elizabeth is licensed with the Financial Services Commission of Ontario and is also a Member of IMBA (the Independent Mortgage Brokers Association of Ontario) www.imba.ca

Lic # M08005880 / Brokerage Lic # 10680

Head office is located at: 15 Wertheim Court, Suite 210, Richmond Hill, Ontario, Canada.

HOT News: Variables now at Prime Rate minus?

2009-10-11T20:47:00-04:00

Hot news for those who are looking for variable rate mortgages. Here is the best deal available today:

Prime Rate minus 0.10%. ---> 2.15%*

* Some conditions apply. Mortgage rates are subject to change without notice.

This blog post was written by Elizabeth Blair on October 11, 2009. Elizabeth Blair is a Licensed Mortgage Agent with Mortgage Edge in Richmond Hill, Ontario. Elizabeth services mortgage clients in Mississauga and all over the Greater Toronto area.

You can contact Elizabeth directly by phone at (905) 510-5785

by email at eblair@mortgageedge.ca

or you visit her website at: www.missmortgage.ca

Elizabeth is licensed with the Financial Services Commission of Ontario and is also a Member of IMBA (the Independent Mortgage Brokers Association of Ontario) www.imba.ca Lic # M08005880 Brokerage Lic # 10680 Head office is located at: 15 Wertheim Court, Suite 210, Richmond Hill, Ontario, Canada.

Get some extra cash on closing day.

2009-10-06T23:08:28-04:00

Purchasing a house means that lots of money is going to be put into the whole process. There is a mortgage option called a "cash back mortgage". On closing date, you can get an amount of money advanced to you, by the lender, and have this cash available for other things, like appliances, new furniture, renovations. Here is a breakdown of how a cashback mortgage would look for a $250,000 purchase. This particular cashback option is only available for home buyers who already have a downpayment to buy their home.....in other words, you CANNOT use that cash back amount to cover any of your downpayment.

Mortgage Amount	$300,000.00
Mortgage Rate	Closing in 30 days or less	Cashback on closing day	Closing in 30 - 120 days	Cashback on closing day
4.29%	2.00%	$6,000.00	1.60%	$4,800.00
4.24%	1.80%	$5,400.00	1.40%	$4,200.00
4.19%	1.60%	$4,800.00	1.20%	$3,600.00
4.14%	1.40%	$4,200.00	1.00%	$3,000.00
4.09%	1.20%	$3,600.00	0.80%	$2,400.00
4.04%	1.00%	$3,000.00	0.60%	$1,800.00
3.99%	0.80%	$2,400.00	0.40%	$1,200.00
3.94%	0.60%	$1,800.00	0.20%	$600.00
3.89%	0.40%	$1,200.00	0.00%	$0.00
3.84%	0.20%	$600.00	0.00%	$0.00
3.70%	0.00%	$0.00	0.00%	$0.00


Mortgage rate listed here is effective on October 6, 2009.
Note that mortgage rates are subject to change without notice

This blog was written by Elizabeth Blair, a Licensed Mortgage Agent with Mortgage Edge in

Richmond Hill, Ontario.

Elizabeth services mortgage clients in Mississauga and all over the Greater Toronto area.

You can contact Elizabeth directly by phone at (905) 510-5785

by email at eblair@mortgageedge.ca

or you visit her website at: www.missmortgage.ca

Elizabeth is licensed with the Financial Services Commission of Ontario and is also a Member of IMBA (the Independent Mortgage Brokers Association of Ontario) www.imba.ca

Lic # M08005880 / Brokerage Lic # 10680