Rate watch- March 26, 2012

This edition of Rate-Watch has our latest, best national rates for Canadian mortgages.  You may qualify for even better discounts or regional specials, so be sure to contact Faye to learn about all your rate options. 

In This Issue

•                Our Best Rates

•                How much home could your rent buy?

Our Best Rates

Terms	Posted Rates	Our Rates
6 MONTHS	4.45%	4.40%
1 YEAR	3.20%	2.75%
2 YEARS	3.55%	2.99%
3 YEARS	3.95%	2.79%
4 YEARS	4.64%	2.99%
5 YEARS	5.14%	3.29%
7 YEARS	6.35%	3.99%
10 YEARS	6.75%	3.99%
Rates are subject to change without notice. *OAC E&OE

Other Rates:

CURRENT PRIME RATE IS

3.00%

PRODUCT	RATE
Variable Rate Mortgage: Prime - 0.00	3.00%

Lower rates may be available in certain regions, or to those with higher credit scores or higher net worth – be sure to check with us for full details.

Rates are subject to change without notice.  Fixed mortgage rates shown in table above and quoted variable mortgage rates are available nationally to qualified individuals.

First-Time Buyers

How much home could your rent buy?

The days are getting longer and mortgage rates are wonderfully low as we move into spring housing market 2012! In fact, homeowners are locking in some of the lowest rates in history.  This Great Canadian Mortgage Sale is a good time to take a look at how much mortgage you could afford given your current rent.  Your dream home may be more affordable than you think!

Rent Today	Mortgage Tomorrow*	Home Purchase
$1,250	$290,176	$296,861
$1,500	$348,211	$356,233
$1,750	$406,246	$416,606
$2,000	$464,281	$474,727

Your monthly rent cheque doesn't have to be money out the window. It could be building equity in your own home.  

Keep in mind that home ownership involves costs beyond the monthly mortgage payment like utility bills, insurance, and property taxes. Faye can help you determine what you can comfortably afford.  

Get pre-approved today and have your rate held for 120 days! This way you don't have to worry about rates rising while you are house hunting, and both realtors and sellers will know you're serious, which means you'll be in a good position to get the home you want.