That’s right, if you are buying a home and you get your financing with us, we will pay for your home inspection. Another good reason to choose The Price Team/DLC. It’s best to start with a pre-approval, but as long you arrange your mortgage through us, this incentive will work for you. Also if you know someone who is going to purchase, please tell them to call us to get in on this great offer.
RATES ARE BACK TO ‘ALL TIME’ LOWS – It’s a great time to buy a new or resale home. Yes, fixed rates have come down again. Our best fixed rates (vs Banks) are 5 year 3.19% (vs 4.64%), 7 year 3.99% (vs 6.35%) and 10 year 3.99% Wow! (vs 6.75%). Our variable is at 2.85%. Based on our 5 year fixed rate the monthly payment on a $300,000 property with 5% down is only $1,228, $400,000 is $1,634, $500,000 is $2,046 or only $2,256/mth at 3.99% for 10 years. Wow and wow! With such low low rates comes the opportunity to pay down your mortgage that much faster. Let us show you how!
IF YOUR CURRENT MORTGAGE RATE IS ABOVE 4% – With less than a year left on your mortgage, now is a good time to look into locking in to a long term ‘All Time Low Rate Mortgage’. We will be pleased to show you all the options available to you from us versus more limited options at the bank. We will also help you understand all the negatives involved with the banks’ new collateral mortgage (CM) product. We do not recommend this product to any of our clients.
COLLATERAL MORTGAGES – Do you know that a CM makes your unsecured credit cards (with the same institution) ‘secured’? Do you know that the fine print allows the bank to increase your rate, much like they did to lines of credit during the credit crisis in 2008 and 2009 at their sole discretion? Do you know that if the bank chooses not to approve you in future or offers you an unacceptable rate, that you cannot obtain credit elsewhere because your CM mortgage is registered above the value of your house.
Call us today for an appointment at our ‘homey’ home office on Tower St. We’ll set you straight. It will be one of the ‘best’ phone calls you will ever make.