As antisipated the lending rate has held steady, meaning no change to your variable rate mortgage or line of credit payment. The full report can be read on this link http://www.bankofcanada.ca/2011/09/press-releases/fad-press-release-2011-09-07/
Tara and Allan of Port Moody this week contacted us for a mortgage review after being introduced to us from their parents and we saved them $998.00 a month and structured the new mortgage for tax efficency taking an additional 13 years off of the mortgage over and above the monthly savings. This has helped them plan for retirement a decade early and a trip to celebrate. If you or anyone you care about has a mortgage over 4%, carrying outside debt or simply would like a review please introduce us over an email and we are happy to see how we can help.
Enjoy the week,
Angela Calla, AMP
Host of “The Mortgage Show” on CKNW AM980 Saturdays at 7pm