Thank You
Thank you to the Professionals: Jocko Toic of the Investors Group, Leslie Marton from Penticton Realty Executives, Bankers Kelowna office and Kathy York from the Kelowna Prudential Office and Mikala James from Calgary Sutton Group.
Thank you to the Very Best of Clients: Kris Hecht, Stephen and Lori Goncz and Carol and Reginald Dyck
Your Mortgage Broker, Steven Faux
Steven Faux is AMP Designated!
I wanted to take a moment and let you know what AMP means as well as letting you know what other Continuing Education updates I have been completing for Mortgage Licensing.
First off, The Accredited Mortgage Professional [AMP] is the only designation for Canada's mortgage Industry. Launched in 2004, the AMP designation was developed as part of CAAMP'S ongoing commitment to increasing the level of professionalism in Canada's mortgage industry.
An increasing number of Canadian mortgage consumers are becoming more aware of the AMP designation and are increasingly seeking the advice of an Accredited Mortgage Professionals.
The AMP sets the single national proficiency standard for the mortgage professionals.
Also, I have spent a total 65 hours, year to date completing all required Up Dating Regulatory courses. I have completed these courses to maintain both my Alberta License as well as my license for BC. I also dedicate 23 to 24 hours a week in updating clients, industry professionals and realtors in my net work web of current and up to date changes in the mortgage world. My strength is product awareness which allows me to analyze the mortgage correctly and accurately.
My decline ratios are less then 1%. The deal works or it doesn't. There are no "maybe's" and no wasting your time.
I am Certified, Educated, Accredited, Reliable and I'm Your Mortgage Broker.
Steve Faux
US and Global Outlook
TD also published an outlook for both the US economy and global economy today.
TD reports that US economic growth slowed to 1.6% in the second quarter of 2010 as support from exports and inventory investment faded. A continued improvement in credit conditions and household balance sheets should slowly begin to heal the wounds from the Great Recession, setting the stage for an improvement in economic growth to 2.6% in 2012.
The global recovery continues to be a story of two economies - robust strength in emerging markets but fragile and tentative economic growth through much of the industrialized world. Enormous uncertainty remains over future economic conditions. While upside risks are present, downside risks are more numerous and of higher probability. Nevertheless, the most likely outcome is continued moderate global growth.
Four factors impede Canadian economic growth says TD Economics
TD Economics reports today that there are four main factors that will slow Canada's growth over the next few years. Weaker prospects for the U.S. economy; further softness in Canadian housing; an increasingly fatigued Canadian consumer; and the waning of benefits from past fiscal stimulus measures will constrain economic gains.
Fatigued Canadian households will be hard pressed to spend at anything more than a moderate pace over the next few years. Household indebtedness has been on a sharp and unsustainable climb over the past few years. Debt-to-PDI in Canada now stands at 144 percent, quickly approaching the U.S. level of 151 percent. Only four years ago, this gap was as much as 30 percentage points.
Click here to read more.
OK Valley Home Inspections: Valley Voice
Click here to download the OK Valley Home Inspections: Valley Voice newsletter.
Halloween Ideas
I love Halloween. Very well could be because you can get so involved in the excitement and the creativeness of the whole idea. My children allow me to be a big part of it and without hesitation... I'm right in there.
I found this great web site for some new ideas for holiday treats, decorations and costumes:
Weekly Market Commentary
Markets continue to edge higher despite mixed economic news
A mixed-bag of economic reports did not stop North American stock markets from advancing this week. In fact, the S&P/TSX Composite Index has recovered from an eight-month low touched in July, and is approaching its year-to-date high. U.S. indices also continued to advance this week.
The positive economic news was varied with robust growth in Chinese industrial production, lower than expected U.S. first-time jobless claims and positive commentary from the Bank of Canada all helping to brighten the mood.
Data revealing robust growth in Chinese industrial production helped lift commodity prices this week. China’s industrial production in August made its biggest gain since May while retail sales increased sharply in August, surpassing predictions. Economic recovery in China is seen as a key factor in European and global economic recovery. Learn More
This article of intrest was presented By Jocko Toic at the Investors Group. If you would like more one on one information, please feel free to contact him at:
Jocko Toic - CFP FMA CDFA
Investors Group Financial Services
3500 Carrington Road, Suite 102, Westbank BC, V4T 3C1
Ph. 250-869-9636
Email jocko.toic@investorsgroup.com
Success starts with a Sound Plan
Steve's Rates
| Mortgage Term | Our Rates | Standard Rates |
|---|---|---|
| Variable Rate | 2.25% | 2.50% |
| 6 Month Closed | 4.60% | 6.65% |
| 1 Year Closed | 2.45% | 4.05% |
| 2 Year Closed | 3.06% | 4.37% |
| 3 Year Closed | 2.95% | 4.90% |
| 4 Year Closed | 3.69% | 5.73% |
| 5 Year Closed | 3.49% | 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
Doc's Golf and Ferrier Golf Academy in Penticton BC
Tel: 250-826-3627
Rockworld - Natural and Manufactured Stone , Fireplaces & Stoves, Sales & Installations
Brent Copeland
PH: 250-769-7250
Jocko Toic - CFP FMA CDFA
Investors Group Financial Services
3500 Carrington Road, Suite 102, Westbank BC, V4T 3C1
Ph. 250-869-9636
Email jocko.toic@investorsgroup.com
Success starts with a Sound Plan
ROOMS BY ROSELYN
Painting and Design
Roselyn Anderson
PH: 250-469-0899
EMAIL: rosely_anderson@hotmail.com
Kieth R. Sutfin
OK Valley Home Inspections Ltd.
www.okvalleyinspector.ca
www.snowbirdsecurity.ca
Res/Office: (250) 769-2132 Cell: (250) 317-3349
Toll Free: 1-888-575-7784
Friends Supporting Friends — Thank You:
Krystal Beisick
www.krystalbeisick.com
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 a comfortable feeling to know that you stand on your own ground. Land is about the only thing that can't fly away."
- Anthony Trollope
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 — 250.768.0535
Direct Fax — 250.768.0510
Email — steve@yourmortgages.ca
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