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My Rates

1 Year 1.84%
2 Years 1.54%
3 Years 1.54%
4 Years 1.64%
5 Years 1.60%
7 Years 3.14%
10 Years 3.54%
*Rates subject to change and OAC
AGENT LICENSE ID
12406
BROKERAGE LICENSE ID
12406
Rachael Beemer PRINCIPAL BROKER

Rachael Beemer

PRINCIPAL BROKER


Address:
2140 Victoria Street, Stroud, Ontario, L9S 1K4

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Rachael's experience and knowledge are two key factors for clients who have switched their mortgages from their bank to My Better Mortgage™.

Her wide array of personal experiences assists her in resonating with a drastic range of circumstances. Rachael takes a personal interest in each and every client and goes above and beyond her job description to ensure that her clients are receiving the very best service and the most suitable mortgage product.

Rachael utilizes her experiences and community connections to ensure that every client's concerns are addressed and well taken care of.

Her focus is to help families become debt free and financially independent! Rachael is always available to her clients - the relationship doesn't end when your mortgage transaction closes. Rachael invests her heart into every client.  


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BLOG / NEWS Updates

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth slowed in the fourth quarter. US GDP growth also slowed but remained surprisingly robust and broad-based, with solid contributions from consumption and exports. Euro area economic growth was flat at the end of the year after contracting in the third quarter. Inflation in the United States and the euro area continued to ease. Bond yields have increased since January while corporate credit spreads have narrowed. Equity markets have risen sharply. Global oil prices are slightly higher than what was assumed in the January Monetary Policy Report (MPR). In Canada, the economy grew in the fourth quarter by more than expected, although the pace remained weak and below potential. Real GDP expanded by 1% after contracting 0.5% in the third quarter. Consumption was up a modest 1%, and final domestic demand contracted with a large decline in business investment. A strong increase in exports boosted growth. Employment continues to grow more slowly than the population, and there are now some signs that wage pressures may be easing. Overall, the data point to an economy in modest excess supply. Source: https://www.bankofcanada.ca/2024/03/fad-press-release-2024-03-06/

CMHC announced on March 1 that The First-Time Home Buyer Incentive program will be ending

The deadline for submitting new or updated applications for the First-Time Home Buyer Incentive is March 21, 2024, at midnight ET. No new approvals will be granted after March 31, 2024. Initially designed to alleviate the burden of monthly mortgage payments for first-time buyers, the program involved the government acquiring partial ownership of a property. Under the program, the government provided a loan of up to 10 percent of the purchase price, which could be put towards a larger down payment, thereby reducing monthly payments. However, homeowners were required to repay the incentive after 25 years or upon selling the property, with the repayment amount adjusted to reflect changes in the propertys value. Source:https://www.cmhc-schl.gc.ca/consumers/home-buying/first-time-home-buyer-incentive

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