My duties as a mortgage agent are to provide sound financial advice to my clients on debt management, and mortgage financing solutions. I provide advice to my clients in rebuilding their tarnished credit scores, pay off high interest credit card debts, and most importantly, finance their dream home or investment properties. A good financial plan is what everyone needs to achieve his or her financial goals.
I work with over 25 lenders and will negotiate a competitive rate and fair terms that match your needs on your behalf. Keep in mind that I work for YOU, Not the Lenders!!!
If you think my service could be helpful to you or anyone you know, feel free to contact me for a no obligation review.
BLOG / NEWS Updates
Why Should You Consider Using A Monoline Mortgage Lender?
Which mortgage lender is offering the best rates and terms? This is a very common question I get asked a lot. In many client cases that I dealt with, it is with a non-bank lender; or what our industry would called a Monoline Lender. However, due to the lack of understanding by general public, clients would show concerns and worrisome, this is why I would like to take this chance in sharing our knowledge on Monolines Lender with you. According to CanadianMortgageTrends.com, A monoline is a mortgage lender that focuses just on mortgages. A monoline lender does not have other products it can cross-sell, which differentiates it from a bank or credit union ... http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2010/10/monoline-lender.html We partner with many Tier A lenders, also known as Monoline Lenders. The lowest rates we advertise are mostly offered by these lenders. Many mortgage brokers like about their simple business model in focusing on just mortgages. They tend to focus in providing competitive mortgage solutions rather than soliciting you to open a chequing or savings account, apply for a credit card, open a line of credit, or other manner that typical banks would involve in these days. You might wonder what are the risks in going with a Monoline Lender. Monolines are in the business of lending you money, not borrowing from you. Let me ask you a rhetorical question, when money is being lend to you, is the risk of defaulting the loan lay on the borrower or the lender? The most critical is your mortgage agent can explain clearly to you all the terms and conditions in the mortgage commitments. This way, you can fully understand your rights, payment schedules, prepayment privilege, early payout penalty, and other important details before you make an informed decision. The mortgage industry is heavily regulated by the government, protecting the client. Monolines are required to follow the same lending guidelines as the major banks. In fact, many Monoline Lenders get their funding from large financial institutions like RBC, TD, and National Bank. I also did some researches with other mortgage brokers, and below are some of the common reasons why they like monoline lenders: - They do not operate in a local branch setting, so they have a lot less overhead expenses to be maintained. As a result, they often offer very competitive solution such as mortgage rates, prepayment privilege and early payout penalties. - They have customer service departments to service you and offer online access to view your mortgage details - They typically focus on a specific niche (i.e..:mortgages for self employed people.). This allows them to provide mortgage solutions and services that are especially suitable for their clienteles - They offer unique products like the 35 year amortization - Monoline mortgage lenders respect the value mortgage brokers bring to their clients. Since their business rely on maintaining a good relationship with the mortgage brokerage network, they have great incentives in providing the best solution and services to our clients. As long as client provides the necessary documents on time, they are very nimble in funding the mortgage deals. Every client has a unique situation and requires different mortgage needs. It is our duty as your mortgage agents to assess each circumstance thoroughly to determine which lender is best suited for you. Although we can also help our clients to get access to mortgage solutions from banks such as TD, National Bank, after detailed comparison, we often would recommend a Monoline Lender. Everyone wants the best rate and terms possible. If you are desire in finding a mortgage that is suitable for your needs, you have to be open mind in giving your business to that different type of lenders. After all, if there is no Monoline lenders offer more financing choices to the consumers, what is the incentive for our banks to remain competitive?
Bank of Canada increases overnight rate target to 3/4 per cent
The Bank of Canada is raising its target for the overnight rate to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent. Recent data have bolstered the Banks confidence in its outlook for above-potential growth and the absorption of excess capacity in the economy. The Bank acknowledges recent softness in inflation but judges this to be temporary. Recognizing the lag between monetary policy actions and future inflation, Governing Council considers it appropriate to raise its overnight rate target at this time. The global economy continues to strengthen and growth is broadening across countries and regions. The US economy was tepid in the first quarter of 2017 but is now growing at a solid pace, underpinned by a robust labour market and stronger investment. Above-potential growth is becoming more widespread in the euro area. However, elevated geopolitical uncertainty still clouds the global outlook, particularly for trade and investment. Meanwhile, world oil prices have softened as markets work toward a new supply/demand balance. Canadas economy has been robust, fuelled by household spending. As a result, a significant amount of economic slack has been absorbed. The very strong growth of the first quarter is expected to moderate over the balance of the year, but remain above potential. Growth is broadening across industries and regions and therefore becoming more sustainable. As the adjustment to lower oil prices is largely complete, both the goods and services sectors are expanding. Household spending will likely remain solid in the months ahead, supported by rising employment and wages, but its pace is expected to slow over the projection horizon. At the same time, exports should make an increasing contribution to GDP growth. Business investment should also add to growth, a view supported by the most recent Business Outlook Survey. The Bank estimates real GDP growth will moderate further over the projection horizon, from 2.8 per cent in 2017 to 2.0 per cent in 2018 and 1.6 per cent in 2019. The output gap is now projected to close around the end of 2017, earlier than the Bank anticipated in its April Monetary Policy Report (MPR). CPI inflation has eased in recent months and the Banks three measures of core inflation all remain below 2 per cent. The factors behind soft inflation appear to be mostly temporary, including heightened food price competition, electricity rebates in Ontario, and changes in automobile pricing. As the effects of these relative price movements fade and excess capacity is absorbed, the Bank expects inflation to return to close to 2 per cent by the middle of 2018. The Bank will continue to analyze short-term inflation fluctuations to determine the extent to which it remains appropriate to look through them. Governing Council judges that the current outlook warrants todays withdrawal of some of the monetary policy stimulus in the economy. Future adjustments to the target for the overnight rate will be guided by incoming data as they inform the Banks inflation outlook, keeping in mind continued uncertainty and financial system vulnerabilities. Information note The next scheduled date for announcing the overnight rate target is September 6, 2017. The next full update of the Banks outlook for the economy and inflation, including risks to the projection, will be published in the MPR on October 25, 2017.
This is an opportunity to gather in our communities, from coast to coast to coast, and to proudly celebrate all we have in common. It is an opportunity to celebrate our achievements, which were born in the audacious vision and shared values of our ancestors, and which are voiced in nearly all of the languages of the world through the contribution of New Canadians. Canada Dayis a time to celebrate the heritage passed down to us through the works of our authors, poets, artists and performers. It is a time to rejoice in the discoveries of our scientific researchers, in the success of our entrepreneurs, and to commemorate our history a history in which each new chapter reveals itself to be more touching, more fascinating than the last. In this momentous year marking the 150th anniversary of Confederation, our Canada Day celebrations will be bigger than ever! There will be major celebrations in 19 Canadian cities in addition to the many festivities set to take place in various communities from coast to coast. A full weekend of activities is also on the agenda in Canadas Capital Region to celebrate Canada Day and our countrys anniversary in a spectacular way. As we look ahead, we have every reason to show our pride in being Canadian and to face the future with confidence and enthusiasm. www.canada.ca Activities across Canada Find out what activities are going on in your region and across the country: Click here for a list of activities Interactive Google Map Cickhere to view the googlemap _____________________________________________________________________________________