Welcome to the New Year!
Welcome to the New Year! I trust your holidays were great? I know I sure enjoyed the time with family and friends over the past two weeks. My wife Dayana and I had the pleasure of watching our six year old Paris go from horses to Barbie's and Hanna Montana over night. Parker, our five year old... Hot Wheels, that is all he ever asked for, and race tracks of course. My oldest son Dustin came to visit us for a bit during his break from U of C. He is in his first year and what a change for us. We had our fist Christmas without my father this year so we found ourselves feeling like someone was missing which just made us sing just a little bit louder.
I wish all of you the very vest in the New Year and find all the love, support and success in your efforts moving through 2011.
Your Mortgage Broker, Steven Faux
CAAMP Consumer and Industry Perceptions
With 25% market share in 2010 the Mortgage Broker channel continues to play a significant role in the Canadian mortgage landscape. Despite this, many have expressed concern about the health of the Canadian Mortgage Broker channel, and its ability to thrive in the future. How can the channel continue to educate Canadians about the benefits Mortgage Brokers provide? Will Mortgage Lenders continue to see value in doing significant levels of business through independent Brokers? How can Brokers compete for originations with Financial Institutions that offer an array of non-mortgage products? Our research suggests the Broker channel continues to play an important role in the Canadian mortgage landscape, and identifies several key opportunities for the channel to leverage for future growth.
Click here to review the report.
Mortgage Renewals
When the term on your mortgage expires it is time to renew your mortgage. At this time you will be required to re-negotiate your interest rate based on current market conditions. The bank or financial institution you are currently with will likely offer you a renewal.
You do not, however have to renew with this company and should always consult with "Your Mortgage guy" [Me!] before making a decision. In doing this you will ensure yourself the most competitive rate and term at that time.
It is also possible to renew your mortgage early. You may opt to renew early if the current interest rates are much lower than your interest rate. There are often drawbacks to such early renewals including early payout fees, but these fees might be far less than the money you will save as the new lower interest rate.
If you are not sure it makes sense to renew early, contact me, "Your Mortgage Guy!" It is also wise to get pre-approved 4 months before your renewal date. This will allow you to hold a rate and again ensure the most competitive rate and term leading up to your date of renewal.
Steven Faux, Your Mortgage Broker
TODDLER PROPERTY LAWS
If I like it, it's mine.
If it's in my hand, it's mine.
If I can take it away from you, it's mine.
If I had it a little while ago, it's mine.
If it's mine, it must never appear to be yours in any way.
If we are building something together, all of the pieces are mine.
If it looks just like mine, it's mine.
If I think it's mine, it's mine.
If I give it to you, and change my mind later, it's mine.
If it's broken, it's yours!
Steve's Rates
| Mortgage Term | Our Rates | Standard Rates |
|---|---|---|
| Variable Rate | 2.30% | 2.75% |
| 6 Month Closed | 4.45% | 6.65% |
| 1 Year Closed | 2.45% | 4.06% |
| 2 Year Closed | 3.20% | 4.37% |
| 3 Year Closed | 3.49% | 4.90% |
| 4 Year Closed | 3.69% | 5.73% |
| 5 Year Closed | 3.69% | 6.25% |
| 7 Year Closed | 4.65% | 7.00% |
| 10 Year Closed | 4.89% | 7.35% |
| 15 Year Closed | 8.99% | 0.00% |
| 18 Year Closed | 8.99% | 0.00% |
| 25 Year Closed | 9.05% | 0.00% |
Rates are subject to change with very little notice and certain conditions may apply to individual mortgage applications, QAC, E&OE
For the best rates call 1-866-993-8787.
Resources
Where Can You Find Me Now
I have been selected and recommended to the following Profesional Links: www.advisorslounge.ca, www.homesandlandbc.com, www.okanagannrg.ca.
Business Supporting Business — Thank You:
Investments
www.thenewwestside.ca
Insurance
Canyon Insurance covers all your needs, ask for Harry Mason
hmason@canyoninsurance.ca
FCm Travel Solutions
wes.flanagan@fcmtravel.ca
David Beeson
Realtor for the Kelowna Area
Royal Lepage Phone:1-800-747-6954
Email: davidbeeson@royallepage.com
Spring Creek CONSTRUCTION & MILLWORK
Established 2007 by Owner/Operator Florian Hoppen with 25 years in the woodworking industry.
Spring Creek offers quality custom craftsmanship and superior service on:
- Woodwork & Millwork
- Cabinetry Building & Installation
- Woodcraft Doors
- Renovations
- New Building Construction
References for Projects and Workmanship upon Request
Contact: Florian Hoppen
Ph: 403-931-2247 Cell: 403-510-8925
Email: springcreek@platinum.ca
Friends Supporting Friends — Thank You:
For Investments check out — www.renascencedevelopments.com
Ask for Lisa Thomas lisa@renascencedevelopments.com
The Collective
www.kelownacollectiverealty.com
A Quote to Note:
"It is farmore impressive when others discover your good qualities without your help."
- Judith Martin
Also a member of the Okanagan Mortgage Lenders Association
Contact
I have over 30 lending financial mortgage institutions in Canada with Steve Faux sourcing the best rates and the best products to suit your needs!
Direct Line — 1.866.993.8787
Email — steve@yourmortgages.ca
Refer a Friend
If you found any of the information in this email to be of value, please refer a friend to sign up!
