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My Rates

6 Months 3.75%
1 Year 2.54%
2 Years 2.34%
3 Years 2.24%
4 Years 2.19%
5 Years 1.79%
7 Years 2.54%
10 Years 2.94%
*Rates subject to change and OAC
AGENT LICENSE ID
M14001544
BROKERAGE LICENSE ID
11931
Alexandru Cristian Matei Mortgage Broker

Alexandru Cristian Matei

Mortgage Broker


Office:
Phone:
Address:
300 - 1100 Burloak Dr, Burlington, Ontario

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Thank You Message-Manage marketing section

I would like to take this opportunity to thank you for selecting me as your mortgage advisor. It has truly been a pleasure working with you.

The following mortgage plan is a document and service that I provide to all of my clients to help them become more familiar with me, their lender, and their mortgage financing options. While the mortgage transaction has now been successfully completed, our relationship is just beginning. As your mortgage advisor my ongoing role is to help you successfully manage your mortgage debt, as well as your personal finances, in order to minimize your interest costs and fees - and enjoy mortgage freedom as soon as possible.

I would also like to take this opportunity to encourage you to contact me if you have any questions regarding your mortgage, or the mortgage needs of a friend or family members. Thank you again and I look forward to continuing to assist you with your mortgage needs.

Final Words Message-Manage marketing section

This mortgage plan is a summary of your mortgage. 

I encourage you to keep this document in a safe place and review it once a year.  If there are changes in your financial situation at anytime, or if you find that you have new financial goals, contact me anytime.  I would be happy to review your mortgage with you to find new ways of reaching your financial goals!

Again, thank you for selecting me as your mortgage advisor and I look forward to continuing to work with you.

Welcome Message-Agent Mobile & Website

As an experienced mortgage professional, it is my job to get you the mortgage you need at the price that you deserve. I work on your behalf and have access to over 25 different lenders. Let’s work together to get you the right mortgage!

Title Tag Line-My Profile section

Call me for today’s unpublished rate specials!

 


BLOG / NEWS Updates

Mortgage Deferral Agreements and Their Impact

CMHCs Fall 2020 Residential Mortgage Industry Dashboard discusses mortgage deferral agreements and their impact. At the end of the second quarter, credit unions, mortgage finance companies (MFCs) and mortgage investment entities (MIEs) have allowed mortgage deferral agreements for about 6%, 7% and 7% of their respective residential mortgage portfolios. Chartered banks have allowed 16% of mortgages to go into deferral since the beginning of the pandemic. Of these, close to 2 out of 3 borrowers had resumed payments on their mortgages at the end of the third quarter of 2020. In the coming months, we could see higher delinquency rates if some borrowers are unable to resume their payments; these mortgages will have to be booked as arrears. These deferral agreements have affected financial institutions cash flows, with reductions of: 4% in scheduled mortgage payments 3% in non-scheduled payments (accelerated monthly payments and lump-sum payments) While remaining at low levels, mortgages in arrears (90 or more days delinquent) have increased slightly between the first and second quarters of 2020 from: 0.24% to 0.26%, on average, for chartered banks 0.23% to 0.25%, on average, for non-bank mortgage lenders We also observe an increase in early-stage delinquencies (31 to 59 days and 60 to 89 days), which suggests that arrears could continue on an upward trend. Source: CMHC

Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of percent, with the Bank Rate at percent and the deposit rate at percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week. The rebound in the global and Canadian economies has unfolded largely as the Bank had anticipated in its October Monetary Policy Report (MPR). More recently, news on the development of effective vaccines is providing reassurance that the pandemic will end and more normal activities will resume, although the pace and breadth of the global rollout of vaccinations remain uncertain. Near term, new waves of infections are expected to set back recoveries in many parts of the world. Accommodative policy and financial conditions are continuing to provide support across most regions. Stronger demand is pushing up prices for most commodities, including oil. A broad-based decline in the US exchange rate has contributed to a further appreciation of the Canadian dollar.

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