Lowest Rate 1.99% Mortgage

The Best Mortgage to have is No Mortgage at all.  Romy's Mortgage Minute 5.2014



The offering of 1.99% Mortgage is enticing but is very strict to qualify for. There are penalties to exit early, should you need to or your circumstances change.

Why not meet, in the comfort of your residence and everything can be explained to you.

Romy Alegria
416 278 2540

Personal Service Always wins out

Everyone has a unique situation. Their circumstances are different.

O’Leary Mortgages is No More … Canada’s most outspoken capitalist has pulled the plug on brokering. After a little over a year in the business, Kevin O’Leary’s mortgage operation has closed. <http://www.canadianmortgagetrends.com/.a/6a00d8341c74cb53ef01a3fcec0ee6970b-pi>  O’Leary’s model was to make mortgages “simple”… As we all know in the mortgage business, however, terms, legal disclosures and lender commitments are anything but simple. (MBN) Don’t trust your client somebody you don’t trust…
 From Td Economics
• Shockwaves were sent by the sudden and track loss of former Finance Minister Jim Flaherty, who was a key architect of Canada’s economic outperformance in recent years.
• Housing starts fell to 156,000 annualized units in March, down from 190,000 in the month prior. On a three-month moving average (175,000 units), housing starts have moved more in line with a pace of construction that is consistent with both our forecast for housing starts this year, and underlying economic fundamentals (like job gains and population growth).
• In the Bank of Canada outlook survey released this week, businesses pointed to a depreciation in the Canadian dollar and improving economic conditions in the U.S., as key reasons for improved sentiment in the first three  months of this year

While the concept of O'Leary Mortgages is great; there is no one size fits all program with your mortgage. Each lending opportunity requires personal input and attention.

Call Romy Alegria today at 416 278 2540 

Bridge Financing - When ?

Bridge Financing

·       Bridge financing assists a customer with the sale and purchase of their residence. When the sale of their current residence closes the loan is paid off with proceeds from the sale.

Examples: 

·      The purchase date their new home closes on is 15 days before the closing date of their current residence. The net equity from the current residence is not available on the closing date of the new home.  A Bridge Finance Loan provides the customer with short-term assistance to meet this shortfall.

** TD Canada Trust does not provide Bridge Financing to customers who have not committed to take a TD Canada Trust mortgage product.

From TD Economics

* Local real estate boards have begun to release September housing data, and the numbers issued thus far are all of double digit magnitude. Toronto (+30%), Calgary (+19%) and Vancouver (+64%) have reported solid year-over-year sales increases.

* In a speech earlier this week, Senior Deputy Governor of the Bank of Canada, Tiff Macklem, focused on the prospects for Canada’s exports. This segment of the economy accounts for one-third of Canada’s national income, but prevailing global economic uncertainty will likely mean a delay in the rotation of growth drivers in Canada from consumers and governments towards exports and investment.

* The Ivey PMI edged higher to 51.9 in September following what was a modest recovery in August. The reading is con­sistent with an economic rough patch over the past few months

Romy Alegria

Manager, Mobile Mortgage Specialist

Toronto,

T:416 278 2540

F:1-866-222-5708

W: http://mms.tdcanadatrust.com/romy.alegria/

Home Equity Line of Credit - HELOC

HELOC - Customer Level Pricing (CLP)

• CLP is being introduced to provide customers with a competitive HELOC (Home equity line of credit) variable interest rate.
• The CLP Rate is generated by evaluating a number of attributes that incorporate customer relationship, credit worthiness and HELOC application details such as appraised property value, collateral charge position, Equity Lending, credit worthiness etc.
• If client is not satisfied with the CLP Rate, we still can submit a HELOC Pricing Exception Request.
• Heloc is a good option for an equity take out for future investments. Send your inquiries now. 

From TD Economics
Housing starts fell to 180K units on an annualized basis in August, a 6.6% decrease from the month prior. Yet, the six-month moving average remained steady at 187K units. 

• Home prices rose for the sixth consecutive month as the 11-city Teranet House Price Index (HPI) increased by 0.6% month-over-month in August. 
•  Household leverage, as measured by household credit market debt to disposable income, increased to 163.4% in Q2, up from 162.1% in Q1. The showing snapped the streak of two consecutive quarterly declines, but in level terms, the ratio has stabilized over the past year. 
• The National Household Survey (NHS) release confirmed what we had previously observed only anecdotally – one-quarter of Canadians devote more than 30% of their total income to shelter costs, surpassing the threshold at which housing becomes unaffordable. 

Romy Alegria | Manager, MMS | TD Canada Trust
P: 416.278.2540 | F: 1-866.222.5708
E: Romy.Alegria@td.com
W: http://mms.tdcanadatrust.com/romy.alegria/