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My Rates

6 Months 3.10%
1 Year 2.29%
2 Years 2.24%
3 Years 2.34%
4 Years 2.54%
5 Years 2.59%
7 Years 3.44%
10 Years 3.84%
*Rates subject to change and OAC
AGENT LICENSE ID
MO8005966
BROKERAGE LICENSE ID
10194
Lavinia Woodburn Mortgage Agent

Lavinia Woodburn

Mortgage Agent


Phone:
Address:
9037 Derry Rd, Milton, Ontario

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"Apply TODAY and get YOUR MORTGAGE APPROVED!"

 

VERICO Designer Mortgages Inc. offers residential, commercial, and business financing with a wide range of funding sources available.  Whether you're looking to buy a new home, investment property, or refinance your current property, we can provide you the right mortgage with the lowest competitive rates in the market.

 

Turned down by the bank? No problem!  

 

With over 40 lenders to choose from, we can provide you the right financing solution.   

 

VERICO Designer Mortgages Inc. is a full service brokerage.  Need a home equity line or debt consolidation?  Call today!

 

Don't Wait!  Apply TODAY and get YOUR MORTGAGE APPROVED!

 

Services Include:

Pre-Approvals

New 1st & 2nd Mortgages

Mortgage Refinancing

Mortgage Renewals

Home Equity Lines Of Credit

Personal Lines Of Credit

Debt Consolidation Loans/ Mortgages

Business For Self Mortgages

Interest Only Mortgages

Short Term Mortgages

Investment Mortgages

Renovation Loans

Private Mortgages

New Construction Mortgages

 

Apply TODAY and get YOUR MORTGAGE APPROVED!

 


BLOG / NEWS Updates

Vancouver the main driver of the Composite in December

Vancouver the main driver of the Composite in December says Teranet and National Bank of Canada Without Vancouver, the Composite index would have declined for a fourth month in a row. The strength of Vancouver’s index is consistent with continued tight home resale market conditions. Toronto’s index declined for a fifth consecutive month, but the unsmoothed index (see note on methodology on next page) rose for a second month in a row (middle chart). Unless the unsmoothed index relapses in January, the sequence of declines in the smoothed index should then be interrupted. However this improvement is likely to prove temporary, as it might have resulted from buyers rushing to avoid the new bylaws on qualification for an uninsured mortgage (implemented in January 2018). This view is supported by the increase in Toronto home sales in November and December compared to previous months (bottom chart). Therefore, a resumption of the downward price trend early this year cannot be excluded. Please click on the link below to access the full report: 201712 TNB monthly commentary

Bank of Canada increases overnight rate target to 1 1/4 per cent

The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation is close to target, and the economy is operating roughly at capacity. However, uncertainty surrounding the future of the North American Free Trade Agreement (NAFTA) is clouding the economic outlook. The global economy continues to strengthen, with growth expected to average 3 1/2 per cent over the projection horizon. Growth in advanced economies is projected to be stronger than in the Banks October Monetary Policy Report(MPR). In particular, there are signs of increasing momentum in the US economy, which will be boosted further by recent tax changes. Global commodity prices are higher, although the benefits to Canada are being diluted by wider spreads between benchmark world and Canadian oil prices. In Canada, real GDP growth is expected to slow to 2.2 per cent in 2018 and 1.6 per cent in 2019, following an estimated 3.0 per cent in 2017. Growth is expected to remain above potential through the first quarter of 2018 and then slow to a rate close to potential for the rest of the projection horizon.

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