Bank of Canada Interest Rates History
Every six weeks, the bank meets to decide on what its interest rate will be, based on what it sees happening in the economy. This time, the bank has decided to raise its rate by 25 basis points — 0.25 percentage points — to 1.5 per cent. It's the fourth time the central bank has raised its rate since last summer.( Source Cbc.ca)
Bank of Canada is expected to raise interest rates on July 11. Don't get caught up in a surprise. Call me at 647 889 5226 if you need mortgage advise.
I had a customer call me at 10 pm on Friday panicking as he was closing his home next week and the mortgage broker he was dealing with is nowhere to be found. This customer apparently found me via Google and wanted to see if I can help him. He was very stressed and panicking !
Next day on Saturday I met with the customer, reviewed his file. Worked through the weekend to organize his deal and got it funded at an attractive rate just before his home was closing. Not only the deal was funded, through the entire journey, he did not have to worry about missing work, chasing or calling mortgage brokers, spending time going to branch and waiting….. Everything was organized for him and work was done with minimum disruption to his work schedule. At the end, I have one very happy customer !
This is what I do as a TD Mobile Mortgage Agents. I make your life easy to get a mortgage and bring the service to you ! Try my services and you will see the difference.
Call me at 647 889 5226 to discuss your mortgage needs.
Wishing every one a very Happy Canada DayWishing every one a very Happy Canada Day
Do you have a home closing in early 2018? Coming to effect on Jan 1, 2018 - OSFI sets new mortgage rules, including stress test for uninsured borrowers. Previously only those with less than 20% down were tested, but now ALL borrowers will be.
Please call me at 647 889 5226 to discuss your mortgage needs and qualify before these new rules come into effect. In most cases, the mortgage interest rate can be held for 120 days from application to safeguard you from this stress test.
http://www.osfi-bsif.gc.ca/…/osfi…/med/Pages/B20_dft_nr.aspx
I hope all of you are enjoying your summer.
Plan ahead for spring home buying. Take a look at this incredible spring home buying mortgage report from TD
Just WowwwIncredible report of Housing Market. Share with your friends or tag them if they live in the cities listed below !! Shows average home prices by key cities and more incredibly it shows % change from last year of home prices in key cities. Some of these changes are mind boggling! Check them out! Thinking of getting a pre-approval, primary home, secured line of credit, or investment? For all your mortgage needs please call me at 647 889 5226. Data Source: Zolo
Wishing you all a Merry Christmas 🎄
Hi, I am Leena, your Mobile Mortgage Specialist with TD Bank. I service Oakville, Burlington, Mississauga, Etobicoke, Toronto, Brampton, Milton. Being a mobile mortgage agent, I work with you at your convenience to make your home ownership a reality. Need help with mortgage advice, getting pre-approved, Line of Credit, investment property funding etc..Contact me at 647 889 5226 and experience the whole different level of service.
Conventional Mortgages vs. High Ratio Mortgages
Conventional Mortgage If your down payment is greater than 20% of the purchase price or valuation of the property, you may qualify for a conventional mortgage. That means you are not required to pay for mortgage default insurance.
High Ratio Mortgage If your down payment is less than 20% of the purchase price or valuation of the property, your mortgage must be insured against payment default by a mortgage insurer, such as the Canada Mortgage and Housing Corporation (CMHC) or Genworth Canada.
Effective October 17th, mortgage rules are changing. There a lot of impacts to home buyers/ investors. Some of the impacts are: 1. Purchasing power 2. Interest Rates and qualifying rates 3. Renewals 4. Rentals 5. Max. amortization period 6. Minimum requirement for credit score 7. Maximum TDS/ GDS
Some of this can be very confusing. If you want to consult with me or are worried about mortgage rules changes - don't get left behind. Call me ASAP at 647 889 5226 or email me at leena.grotra@td.com
Expert Mortgage Advice Whenever You Need It. Call 647-889-5226 to discuss your mortgage needs !
Bank of Canada holds overnight interest rates at 0.5%. There is never a better time to buy a house and get a mortgage/ refinance. Contact me at 647 889 5226 to discuss your mortgage needs.
Do you know different types of mortgages and what are their advantages and disadvantages?. Take a look at this great video from TD. Call me at 647 889 5226 and I can help guide you during your mortgage journey!
Wow ! Check this out. TREB Real Estate stats as of May 2016 Year to date. Real estate market is hot and continue to grow.
Oakville average home price has passed 941K and year over year it has gone up by 15% while in Mississauga it is 795K with year over year change of 13.5%. This table from TREB shows average home prices for Halton, Peel, Toronto, York and Durham. Don't wait for too long !
Thinking of buying a home or refinancing call me at 647-889-5226 to discuss your mortgage needs!
Bank of Canada is holding the interest rates steady. Take a look at this awesome graph showing how interest rates are moving over last few years. Being a mobile mortgage specialist, I work according to your schedule and help you qualify for pre-approvals, and home equity line of credit. Call me at 647-889-5226 to discuss your mortgage needs
I am extremely thankful for all the help I received from Leena in getting my home mortgage refinanced from TD. She was extremely professional and always responded in a timely manner for any questions or concerns I had. She worked really hard to get my mortgage refinance approved for the amount and term that was acceptable and tailored to my needs. I would totally depend on her for any future needs and would recommend her to all my family and friends.
It was great to have Leena as our mortgage specialist. She has helped us answer all of our questions and has provided the best lowest rate applicable at the time of the event. She is a throrugh professional with great knowledge in her field. All the best.
I would like to thank you once again for all your hard work in engineering our mortgage for us. There were countless days and evenings with emails and documents going back and forth but you were always there for us. No matter how many questions we had, we were always treated in a kind and efficient manner.
When the going got tough and things seem to not go well, you were always there to reassure us. Your customer service skills are excellent and I feel that we have developed a personal as well as a business relationship. For sure I will entrust your name to anyone who will need any services at TD. You have my full support.
I look forward to being with TD Bank where I feel that clients are treated with respect and “ Made to Feel Important
Thanks again
ORIANA G
Bolton, Ontario
Leena took my case at a very challenging time and solved everything . I have no words to thank her for her dedication,support,availability and professionalism. I wish all the best for her future endeavors.