Good Morning,

No surprises here, prime remains the same. The full press release can be viewed here: http://www.bankofcanada.ca/publications-research/press-releases/

One of the most popular options being considered currently is a 10 year fixed term at 3.89%.  If your mortgage is coming up for renewal in the next year or you are a first time homebuyer who hopes to keep your residence as a rental when you move up the property ladder, here are 3 reasons why the 10 year is so attractive right now: http://www.angelacalla.ca/blog_post?id=6955&title=3-reasons-to-consider-a-10-year-fixed-term-today .

Getting your information in to us as soon as possible will protect you from rate hikes so you can optimize today’s low interest rate environment and you are not subject to timing where this offer could be withdrawn. We always review all the options that may be best suited for you.

This option was well suited for Bernadette of Surrey this week who quotes ” being on a fixed income and hearing about proposed mortgage renewal changes to qualifications was scary until I called Angela and her team. Knowing that I could have peace of mind for a decade makes me feel comfortable knowing I will not be subject to changes I cannot control. I am also comforted that I can bring this mortgage with me should I choose to downsize. Saving $427 dollars a month by having you review my mortgage and present me the 10 year fixed option sure helps me feel secure, even though you showed me options as low as 2.99%, there was no way I would put my future at risk. Thank you for all of your hard work, showing me all of my options and allowing me to choose the product that best suited my current and future needs”

If you or anyone that you care about has a rate over 4% and would like to save money on their mortgage, we are here to personally help and work towards making 2012 your best money saving year ever!

Contact us at: 604-802-3983 or acalla@dominionlending.ca

Always here to help, have a great week.

Angela Calla, AMP
Mortgage Expert
Host of “The Mortgage Show” on CKNW AM980 Saturdays at 7pm