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My Rates

6 Months 3.30%
1 Year 3.59%
2 Years 3.19%
3 Years 2.79%
4 Years 3.14%
5 Years 2.49%
7 Years 2.99%
10 Years 3.04%
6 Months Open 6.70%
1 Year Open 3.95%
*Rates subject to change and OAC
Dean Garrett Mortgage Professional

Dean Garrett

Mortgage Professional


Office:
Phone:
Address:
211C 750 Comox Rd, Courtenay, British Columbia

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Welcome to my website!

For more than 9 years now I have been learning what is important to you. Then finding the best solution for you. Many of my clients were not sure if they needed to use my services as a Mortgage Professional, but once they experienced how this helped them with their Home Buying/Re-Financing project, they are happy they did. Mortgages are deceptively simple and endlessly complicated. You can only choose when you have a choice and have been fully informed. Many great Bank Specialists are providing service to their clients, but they can only offer their Banks solutions. As an independent professional, I work for you by informing you on all things mortgage, including who will be your Best Lender. My services are FREE (with OAC) to my clients. The lenders compensate my business to provide them a qualified Client.
I look forward to assisting YOU.

RATES: Here's the thing...I will connect you with the best rate for your BEST mortgage. You will not find better rates anywhere. I Guarantee it.


BLOG / NEWS Updates

First-Time Home Buyer Incentive now available

The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage payments without adding to their financial burdens. The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada. It offers: 5% or 10% for a first-time buyers purchase of a newly constructed home 5% for a first-time buyers purchase of a resale (existing) home 5% for a first-time buyers purchase of a new or resale mobile/manufactured home The Incentives shared-equity mortgage is one where the government has a shared investment in the home. As a result, the government shares in both the upside and downside of the property value. By obtaining the Incentive, the borrower may not have to save as much of a down payment to be able to afford the payments associated with the mortgage. The effect of the larger down payment is a smaller mortgage, and, ultimately, lower monthly costs. The homebuyer will still have to repay the Incentive based on the propertys fair market value at the time of repayment. If a homebuyer received a 5% Incentive, they would repay 5% of the homes value at repayment. If a homebuyer received a 10% Incentive, they would repay 10% of the homes value at repayment. The homebuyer must repay the Incentive after 25 years, or when the property is sold, whichever comes first. The homebuyer can also repay the Incentive in full any time before, without a pre-payment penalty. Ask me for more information.

Consumer Price Index climbs in July

In July, the consumer price index climbed 0.5% (not seasonally adjusted), three ticks higher than the median economist forecast. The rise left the year-on-year measure unchanged at 2.0%. In seasonally adjusted terms, the CPI was up 0.4% in the month on increases in recreation (+0.9%), transportation (+0.6%), and food (+0.3%), among others. The Bank of Canadas preferred core measures on a year-on-year basis pegged in as follows: 2.1% for the CPI-trim, 2.1% for the CPI- median, and 1.9% for the CPI-common. The average of the three measures remained in line with the BoCs midpoint target of 2.0%. It is worth noting that the momentum has been building of late. Our in-house replication of the CPI-trim and the CPI-median for the three months to July reached 2.5% and 2.6%, respectively, on an annualized basis. Whereas the Fed can point to soft annual inflation figures to justify rate cuts, the BoC is faced with a very different situation. Whats more, in a context marked by a tight labour market and a weak Canadian dollar, we cannot rule out stronger inflation down the road.

MY LENDERS

TD Bank Scotia Bank Attain Mortgage First National MCAP B2B Bank
Home Trust Merix Equitable Bank Street Capital CMLS Fisgard Capital
ICICI Bank Optimum  RMG Mortgages Bridgewater Marathon Mortgages