Lillian Cooper
Real Estate Sales Representative



cell:647.822.7665
Visit me on FacebookFollow me on TwitterVisit me on LinkedIn
Visit  blog
My videos on YouTube
PRE-QUALIFIED MORTGAGE APPLICATION WITH CENTUM'S INDRANI ROY
Lillian's Monthly Realty Post Newsletter
Search For Property
Buying Home
Selling Home
Information Center - GTA *Neighbourhoods*
Client Reports
Personal Information
Richmond Hill Ontario *Schools*
Richmond Hill Mill Pond Ontario Neighbourhood
Canada Mortgage and Housing Corp.
print version

As you are know, your variable rate mortgage, lines of credit and/or student loans are all based on the Prime Rate.  Here is an update on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate.

On October 25th, 2011, the Bank of Canada did what we expected it to do....they maintained their overnight rate.  What does this mean to you?  This is great news!  This means that the prime rate on your mortgage or line of credit will not change.   You still have a great low rate and so continue to make the most of the low payments you will stil have. Maybe chat with a financial advisor about the TAX FREE SAVINGS ACCOUNT or some RRSP contributions to trigger a potential income tax refund next year!

Based on this recent announcement, it is recommended that you remain with your current variable rate product as the interest is very much lower than a fixed term rate right now.  

Therefore, right now is a great time to buy a property or consider refinancing espectially rates can hold for up to six (6) months. My phone direct - 647.822.7665.

 If you know of someone who is looking for advice on their mortgage options, please give Indrani Roy at Centum Mortgage - email:  indrani_roy@centum.ca  

Direct:  647.861.4663.   www.centum.ca/indrani_roy

www.centummortgageprofessionals.ca

 

 

 

View more services  
adminlistingsprivacy policycontactsite map

Let's stay connected

Century 21 Heritage Group Ltd. is committed to keeping you up to date about the latest real estate updates, tips and tricks for your home, new listings and other industry news through electronic newsletters, email notices, and other electronic initiatives  We hope that you enjoy receiving them.

 

To continue to receive this exciting and educational information after July 1, 2014, you must give concent.  You may withdraw your consent at any time but please note we may still continue to communicate with you electronically in relation to your current or pending transactions or requests.

 

We want to keep you connected!