Use Your Home Equity
Get Money Fast for Debt Consolidation, Home Renovations or Your Dream Vacation
Your home is not just a place for you and your family to live: it's valuable property - property that can be used to start a small business, fulfill dreams of travel, finance home improvement renovations, buy a car or consolidate debt.
If you're a homeowner, Steve Faux with Pro Link Mortgage, Canada's mortgage alternative to the banks, offers you the chance to realize your plans and dreams. Regular banks and lenders can be difficult when it comes to lending money. Timing is very important too!
At www.yourmortgages.ca we will find the best way to approve your home equity loan or mortgage application credit online or by phone.
We don't rely exclusively on credit history or income. Your home equity is the key to your approval.
Steve Faux and his team specialize in home equity and mortgage loans. We provide competitive mortgage purchase rates as well as a new first mortgage, second mortgage and third mortgage financing. Our mortgage professionals work with banks, trusts and other lenders to find the best borrowing solution for you.
Expect the best borrowing solution from Steven Faux:
- no hassle home equity and mortgage applications online
- apply for a loan by phone: call 1-403-509-1009 ext 7
- most home equity and mortgage approvals within days or hours
- certified appraisal by AACI or CRA CDLC approved appraiser
- financing typically ensuing within 5 business days of successful documentation completion
- keeping your home while entering bankruptcy or avoiding bankruptcy all together
- free up money for unexpected expenses
- use your home equity to manage home renovations
- consolidate your credit card and other loan debt into one easy monthly payment
- take your dream vacation!
- It seems easy because it is when you visit at www.yourmortgages.ca
CIBC World Markets Forecasting
With the warmest winter in 40 years, we only temporarily saw oil prices move below $60 a barrel. This is a good indication of just how difficult oil prices are to move down.
The Fed is looking to increase rates south of the border and the predictions are for stability and a 50 bp rate cut in 2007. In Canada the prediction is for further rate hikes of up to 25 bps, stability and then a 50 bps rate CUT for 2007.
The Cdn dollar remains strong, supported by high commodity prices. Looking for it to push 90 cents and get to 88.5 this summer.
The TSX has done well and the forecast remains 13,200 by year-end. Unlike the late 90's rally, this increase is well supported by strong fundamentals. 20% rise in earnings and strong commodity and resource prices that pushed higher by supply constraints.
The forecast remains strong for Bonds. Even though we've seen a rise in bond yields to 4.35 for a 10-year, the forecast is for bond yields to drop throughout the year by 65 bps and by another 25 in 2007.
Benjamin Tal writes an article about the impact of the warmest winter on record in Canada and how that can cause short-term economic distortions, making the economy appear stronger than it really is. As an example, a mild winter resulted in a 35% surge in housing activity allowing workers to continue to work on homes they otherwise couldn't in regular winter conditions.
| City | January 2005 | January 2006 |
|---|---|---|
| Halifax | $177,327 | $192,562 |
| Montreal | $203,720 | $204,920 |
| Ottawa | $242,934 | $245,787 |
| Toronto | $323,220 | $332,670 |
| Calgary | $240,617 | $289,130 |
| Edmonton | $180,819 | $199,148 |
| Vancouver | $377,101 | $457,374 |
| CANADA | $229,184 | $258,274 |
| Region | 2004 | 2005 | ||
|---|---|---|---|---|
| Average Price | Units | Average Price | Units | |
| British Columbia | $289,107 | 96,385 | $332,224 | 106,310 |
| Alberta | $194,769 | 57,460 | $218,266 | 65,866 |
| Sask/Manitoba | $115,850 | 20,270 | $129,480 | 21,073 |
| Ontario | $245,229 | 197,354 | $263,041 | 197,024 |
| Quebec | $171,099 | 69,296 | $184,583 | 70,649 |
| Atlantic | $130,844 | 19,631 | $141,899 | 21,883 |
| CANADA | $226,336 | 460,791 | $249,311 | 483,250 |
Top 10 tips for first time buyers!
Avoid the 10 Most Common, Painful, Frustrating Mistakes First Time Home Buyers Make!
- Discuss - Review your finances with us to maximize your home and lifestyle together.
- Picture the house – Look at the house as if your furniture is in it.
- Inspect – Get a home inspection done and review carefully.
- Shop – View several homes, don’t buy the first one you look at, put a deposit to hold if necessary.
- Review – We are here for you, keep communication open along the way to aid your decision.
- Be Vigilant – Ensure you have reviewed all costs, ensure everything works, and ask lots of questions.
- Final walk Through -Ensure the property is exact as per contract.
- Be Flexible - Prepare for unexpected changes in dates - these can happen in Real Estate.
- Get it in Writing - Ensure all agreements are in writing.
- Be Open - Ensure the accuracy and integrity of all your discussions & documents.
Fire Safe Landscaping!
- Maintain a well-pruned and watered landscape to serve as a green belt and protection against fire.
- Keep plants green during the dry season and use supplemental irrigation, if necessary.
- Trim grass on a regular basis up to 100 feet surrounding your home.
- Take out the “ladder fuels” — vegetation that serves as a link between grass and tree tops. It can carry fire to a structure or from a structure to vegetation.
- Keep trees and shrubs pruned. Prune all trees up to 6' to 10' from the ground.
- Remove leaf clutter and dead and overhanging branches.
- Dispose of cuttings and debris promptly, according to local regulations.
- Stack firewood at least 30 feet from your home.
- Store flammable materials, liquids and solvents in metal containers outside the home at least 30 feet away from structures and wooden fences.
- No matter where you live, always install smoke alarms on every level of your home. Test them monthly and change the batteries at least once a year. Consider installing the new long-life smoke alarms.
Steve's Rates
| Mortgage Term | Steve's Rates | Bank Rates |
|---|---|---|
| Variable Rate | 3.25% | 5.50% |
| 6 Month Closed | 5.00% | 5.55% |
| 1 Year Closed | 5.70% | 5.75% |
| 2 Year Closed | 5.26% | 5.90% |
| 3 Year Closed | 5.25% | 6.00% |
| 4 Year Closed | 5.29% | 6.15% |
| 5 Year Closed | 5.25% | 6.30% |
| 7 Year Closed | 5.49% | 6.95% |
| 10 Year Closed | 5.62% | 7.40% |
| 15 Year Closed | 5.99% | n/a |
| 18 Year Closed | 6.05% | n/a |
| 25 Year Closed | 6.15% | n/a |
Rates are subject to constant change, for the best rates call 667-9816.
Resources
Business Supporting Business — Thank You:
Insurance
Canyon Insurance covers all your needs, ask for harry Mason
hmason@canyoninsurance.ca
Musician
claytoni@telus.net
Senotrini Spa & Wellness
www.scentorinispa.com
Time Business Machines
wflanagan@timebusiness.com
Two Amigos Moving
www.twoamigos.com
Friends Supporting Friends — Thank You:
Evan William's Group
www.evanwilliamsgroup.com
Otis & Huckleberry
www.otishuck.com
For your Recreational Investments — www.buycanadaproperty.com
WFG SECURITIES OF CANADA
George Negrette
Mutal Fund Representative
P:403-809-7885
E: gnegrette@shaw.ca
A Quote to Note:
"We cannot change who we are…………………but we can change who we become!"
- The Lion King
Contact
At Prolink Mortgage Inc., 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 — 403.667.9816
Direct Fax — 403.509.1007
Email — steve@yourmortgages.ca
Visit www.yourmortgages.ca for more resources.
Even Apply Online →
