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AGENT LICENSE ID
M15000458
BROKERAGE LICENSE ID
10194
Marg DeBoer Mortgage Broker

Marg DeBoer

Mortgage Broker


Phone:
Address:
#5-1253 Silvan Forest Drive, Burlington, Ontario

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Whether you are buying your first piece of real esate or a seasoned investor, be informed of the choices that you have.

I am here to help, educate, and answer the questions that you may have about all things mortgages.

 My goal is that you will have all the information necessary to make a good financial decision for you and your family.

Do get in touch by email or give me a call.

 

EDUCATION IS KEY -- when you have access to the information, and its tailored to you in your situation, you can look at solutions instead of wondering.

COMMERCIAL MORTGAGES -- mixed use, 5+ units, apartments, offices and other zoned commercial spaces

RESIDENTIAL MORTGAGES - First TIme Home Buyer, Refinance due to debt, 

CHALLENGES such as crappy credit, fluctuation of income, contract income, self employed income -- doesn't hurt to ask to see what your options could be.

CAR LOAN/LEASE:  Through Verico I have access to car loans and leases for as low at 4.89%.  Email me and ask me for details

CREDIT CARDS -- looking for some options - there are some choices on my website -- just click and apply

 

 


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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