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My Rates

6 Months 3.14%
1 Year 3.04%
2 Years 3.19%
3 Years 3.54%
4 Years 3.64%
5 Years 3.59%
7 Years 4.04%
10 Years 4.24%
6 Months Open 6.70%
1 Year Open 4.20%
*Rates subject to change and OAC
AGENT LICENSE ID
M12002063
BROKERAGE LICENSE ID
12953

CHRISTIANA MBAZIGWE

Mortgage Agent


Phone:
Address:
60 Lacoste Blvd,Unit 103 Brampton,Ontario , Brampton, Ontario

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Welcome Message:

Dear valued client(s), our team of mortgage professionals- brokers and agents welcomes you to our mortgage brokerage, Premium Financial Services, whose mission is “making mortgage easy”. Our brokerage is pleased and poised to work with you, constantly keeping in contact with you and helping you out every step of the way. We will give you personal, wise and unbiased advice for optimum success. And you’ll get a great mortgage rate plus extra services and values. We operate on the key principles of best quality, honesty, integrity and great customer experience while delivering services beyond client’s expectations.

Whether you’re just trying out the property purchase process or already on the way to purchase or refinance an existing property, we’re here to help you make that informed, critical decisions moving forward. Our mortgage advisors work harder and smarter enough to make buying property easy and cost-time saving, whether it’s your first home, or a commercial venture, we’re here to advise you on how to  improve your credit record/score where necessary, and pay off your mortgage 10 years faster. With our mortgage structured planning, housing market insights, and ongoing support, we do mortgage transaction right to give you the best and brightest mortgage product at the lowest rate with best terms and conditions.

We have speedy access to lots of lenders and you’re assured that your information is secure and confidential in the hands of trusted partners and mortgage professionals. Our advisors are well trained and have solid financial background, neatness of financial dealings and track record of financial integrity. Our partners deliver best value for money and policies, making your mortgage experience really decent, comfortable and worthwhile.

We look forward to building a lasting mortgage client relationship with you. Let’s help you to get more value out of your mortgage decision.

Thank you for your business.

Sincerely,

Christiana Mbazigwe

Mortgage  Agent/Advisor, FSCO# M12002063


BLOG / NEWS Updates

Weakness in Toronto and Vancouver after seasonal adjustment

In August the TeranetNational Bank National Composite House Price IndexTM was up 0.2% from the previous month.[1] Removing normal seasonal patterns (seasonal adjustment), the index would have been virtually flat, following retreats in June and July. In other words, after seasonal adjustment, the downtrend of June and July did not turn around in August. Individual market indexes were up in eight of the 11 metropolitan markets surveyed. Seasonally adjusted, they would have been up in only four. The published (non-seasonally-adjusted) indexes were up strongly under any respect in Ottawa-Gatineau (1.4%), Hamilton (1.4%), Montreal (1.2%) and Quebec City (0.5%). However, gains in Toronto (0.3%), Edmonton (0.2%), Victoria (0.1%) and Winnipeg (0.1%) only reflected usual seasonal pressures. After seasonal adjustment, these indexes would have dropped or be flat. Indexes were down for Halifax (0.6%), Calgary (0.3%) and Vancouver (0.4%). The published Toronto index was up for a fifth straight month. But it is the opposite after seasonal adjustment as the index would then have been down for a fifth straight month. For Vancouver and Victoria it was a third straight month of decline after seasonal adjustment. In August the composite index was up 1.4% from a year earlier, the smallest 12-month rise since November 2009. This weakness is partly attributable to a peak in August 2017 from which the index declined in following months. For this reason the 12-month rise is likely to accelerate in the months ahead. August 2018 indexes were down from a year earlier in Toronto (3.3%), Hamilton (0.7%), Calgary (0.5%) and Edmonton (0.3%). They were up from a year earlier in Winnipeg (1.3%), Quebec City (1.4%), Halifax (4.6%), Montreal (4.8%), Victoria (5.0%), Ottawa-Gatineau (5.2%) and Vancouver (7.6%). Besides the Toronto and Hamilton indexes included in the composite index, indexes exist for the seven other urban areas of the Golden Horseshoe. In July, two of these, Barrie and Oshawa, were, like Toronto and Hamilton, below their peaks of Q3 2017. Indexes not included in the composite index also exist for seven markets outside the Golden Horseshoe, five of them in Ontario and two in B.C. The 12-month rise of these indexes varied widely, from 1.5% for Sudbury to 14.3% for Abbotsford-Mission. [1] Note on methodology: The current-month data used to calculate the index are those of closed sales entered in the provincial land registry. To illustrate the home price trend, the published indexes of the 11 metropolitan markets entering into the TeranetNational Bank Composite House Price Index present moving averages of the last three months of raw indexes, a procedure that evens out month-to-month fluctuations. For our full methodology, please visit www.housepriceindex.ca https://housepriceindex.ca/2018/09/august2018/

Bank of Canada maintains overnight rate target at 1 ½ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1 per cent. CPI inflation moved up to 3 per cent in July. This was higher than expected, in large part because of a jump in the airfare component of the consumer price index. The Bank expects CPI inflation to move back towards 2 per cent in early 2019, as the effects of past increases in gasoline prices dissipate. The Banks core measures of inflation remain firmly around 2 per cent, consistent with an economy that has been operating near capacity for some time. Wage growth remains moderate. Recent data on the global economy have been consistent with the Banks July Monetary Policy Report (MPR) projections. The US economy is particularly robust, with strong consumer spending and business investment. Elevated trade tensions remain a key risk to the global outlook and are pulling some commodity prices lower. Meanwhile, financial stresses have intensified in certain emerging market economies, but with limited spillovers to other countries. The Canadian economy is evolving closely in line with the Banks July projection for growth to average near potential. Following growth of 1.4 per cent in the first quarter, GDP rebounded by 2.9 per cent in the second quarter, as the Bank had forecast. GDP growth is expected to slow temporarily in the third quarter, mainly because of further fluctuations in energy production and exports. While uncertainty about trade policies continues to weigh on businesses, the rotation of demand towards business investment and exports is proceeding. Despite choppiness in the data, both business investment and exports have been growing solidly for several quarters. Meanwhile, activity in the housing market is beginning to stabilize as households adjust to higher interest rates and changes in housing policies. Continuing gains in employment and labour income are helping to support consumption. As past interest rate increases work their way through the economy, credit growth has moderated and the household debt-to-income ratio is beginning to edge down. Recent data reinforce Governing Councils assessment that higher interest rates will be warranted to achieve the inflation target. We will continue to take a gradual approach, guided by incoming data. In particular, the Bank continues to gauge the economys reaction to higher interest rates. The Bank is also monitoring closely the course of NAFTA negotiations and other trade policy developments, and their impact on the inflation outlook. Information note The next scheduled date for announcing the overnight rate target is October 24, 2018. The next full update of the Banks outlook for the economy and inflation, including risks to the projection, will be published in the MPR at the same time. https://www.bankofcanada.ca/2018/09/fad-press-release-2018-09-05/

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