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My Rates

6 Months 4.75%
1 Year 2.24%
2 Years 2.24%
3 Years 1.79%
4 Years 2.24%
5 Years 1.84%
7 Years 2.34%
10 Years 2.99%
*Rates subject to change and OAC
AGENT LICENSE ID
M17000226
BROKERAGE LICENSE ID
11947
Nancy Blakely, BComm Mortgage Agent

Nancy Blakely, BComm

Mortgage Agent


Phone:
Address:
711 Ontario Street, Cobourg, Ontario

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Your Mortgage. My Service.

Dedicated. Knowledgeable. Friendly.

Relax, while I find the best mortgage for you

 

I have access to many different mortgage products and unpublished special rates from banks, credit unions, monoline, alternative, and private lenders. I can find the best mortgage or line of credit for you whether you are looking for a residential, multi-residential, or commercial loan for a new purchase, refinance, renewal. 

 

I can accept applications through this secure online website if you click the "apply now" button, or otherwise I will be glad to take your application over the phone or in person, whatever is easiest for you!  Mortgage financing is made quick and easy with e-signatures whenever possible; therefore, I can broker a moretgage anywhere in Canada! 

 

It is important to understand that mortgage products can vary quite a bit from lender to lender in order to meet the various needs of borrowers.  For instance, in addition to standard low interest insured and uninsured mortgages from banks and monoline lenders, I have lenders that offer

  • borrowed down payment;
  • residential mortgages to borrowers who own multiple rental properties;
  • interest only loans;
  • bridge financing;
  • mortgages to borrowers who have declared bankrupcy in the past or have just been discharged from a consumer proposal;
  • mortgages to those who need to use child tax credit or other payments to support income;
  • mortgages to borrowers who are self-employed with stated income;
  • reverse mortgages for property owners age 55+;
  • mortgages qualified under the 'old rules'; 
  • commercial loans;
  • unsecured loans;
  • car loans; and
  • the list goes on.                                                                                                                                                                                                                                                                                                             

I have the flexibility to meet your needs whatever they are.  Simply put, as an Independent Mortgage Agent, I offer you more choices and an unbiased opinion.

 

 I also offer an excellent Mortgage Protection Plan from Manulife at an affordable price.  It is worth noting that the best thing about the Manulife Mortgage Protection Plan is that the plan is not discontinued if you move to a new home and or you refinance with another lender.  If you purchase the plan through me, the plan stays with you as long as you have a mortgage even if you move and or change lenders.

 

Contact me today for your free consultation!

 

Following is a Brief Description of Reverse Mortgages for Senior's age 55+

 

     There are different products available to help seniors over the age of 55 live comfortably in their own home if they do not qualify for a standard mortgage.  The HomEquity CHIP and Income Advantage Reverse Mortgages, Equitable reverse Mortgages as well as the Manulife One Line of Credit are all good products to help seniors who need a little extra cash to make their lives more pleasurable.  

 

     If you or someone you know might benefit from a reverse mortgage or other financing available to seniors, please call me.  I will be glad to explain the products in more detail on the phone or in person. Following is a bit of information.

 

     Did you know that seniors can get as little as $500 a month tax free income from the equity in their home through a Reverse Mortgage?  And you do not need to income qualify for a reverse mortgage like you do with a standard mortgage.  As long as you own your home you will qualify for a reverse mortgage up to a preprescribed amount that is based on the age of the applicants, the location  and value of your home.

 

     Adding $500 tax free to your monthly income could make your life so much more enjoyable. Conversely, $6,000 is not a lot of equity to take out of your home over the course of a year especially considering the value of your home today.

 

     I feel very strongly that the reverse mortgage is an excellent tool to help seniors live independent, comfortable and happy in their own home for as long as possible; particularly, in situations where the home owner is experiencing health issues and suddenly has unexpected expenses, or worse, suddenly is living on a single pension. This product is an excellent tool to help seniors through difficult times.  The payments can be started and stopped as need be.

 

     If you are struggling to make ends meet on a pension, for whatever reason, I highly recommend that you consider a reverse mortgage. With this product, you choose how much money you need monthly to live comfortably and, if you need a lump sum for home repairs or a well-deserved vacation, then you can also take a lump sum at any time you choose.

 

     I am also a CHIP reverse mortgage specialist among many other mortgage products. With the CHIP reverse mortgage, you could receive a larger tax free lump sum amount out of the equity of your home anywhere from $25,000 to 55% of the value of your home in most cases.

 

     With either product, there is no need to make a payment all the while you own your home but, if your situation changes and you wish to make payments or want to pay the mortgage off later, and then you have the option to do that too.  Maybe you will win the lottery!! lol

 

     I have access to many different products from multiple lenders including unpublished special rates on standard mortgages, lines of credit designed specifically for seniors, or private mortgages. I am a certified mortgage specialist in Canada for most products but Ontario for the revere mortgage. I am customer focused and will do everything in my power to ensure you are served well.

 

     Another product that is good for seniors who feel that they would like the flexability of a loan to consolidate debt, pay for home repairs, or unexpected expenditures is the Manulife One Line of Credit.  Manulife One offers very competative rates, and, interest is calculated differently than the major banks in a manner that makes their Line of Credit more advantageous for the borrower.  A borrower must income qualify for the Manulife Line of Credit, but the company is flexible.  More often than not, seniors who do not qualify for a standard mortgage, will qualify for the Manulife LOC.  

 

     I will be glad to give you more information about any of these products that are available to help seniors.  I also am pleased to give a short 5 or 10 minute group presentation to briefly explain the products at meetings if you wish.

 

     Please contact me by clicking the contact button on my webpage or call 1.833.269.3721 or my cell 905.269.3721 to arrange a complimentary meeting at your convenience.

 

     I look forward to speaking with you.

Sincerely,

Nancy

Cobourg, Port Hope, Northumberland, Belleville, Trenton, Brighton, Colborne, Peterborough, Durham, Bowmanville, Oshawa, Pickering, Whitby, Newcastle...I will visit seniors if need be in order to make their application process easier!

 

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BLOG / NEWS Updates

Canada: Residential sales reached a new record in September

Seasonally adjusted home sales rose 0.9% in September to a monthly record of 56,422 units. Sales in Ontario missed Augusts record by a hair due to a 5.3% monthly decline in Toronto. Records were nonetheless registered in Ottawa and Hamilton. In the Province of Quebec, sales were at a record level in the Quebec CMA and in Gatineau, and close to August records in Montreal. In B.C., transactions reached a record outside the three main markets of Vancouver, Fraser Valley and Victoria. There were also sales records in Nova Scotia and New Brunswick. The active-listings-to-sales ratio indicates that the Canadian home resale market was favorable to sellers in Ontario Quebec, the Maritimes Provinces and marginally so in B.C. The market was balanced in the four other provinces.

PROMISES, PROMISES AND MORE PROMISES

Canadas Parliament re-convened today with a ceremonial Speech from the Throne delivered by the Governor General. Canadas continued response to the COVID-19 pandemic took centre-stage, while providing a lens for a plethora of broader promises: an extension of the wage subsidy, expanded employment insurance, investments in childcare, reaffirmed commitments to universal pharmacare, and green infrastructure investments among many others. Given the exhaustive list of priorities, this Speech is unlikely to bring the minority government down as it provides plenty of hooks for negotiations in the lead-up to a Fall update where details will be laid out. It clearly signals more fiscal spending ahead for Canada leaving the question not if but how much. But this was largely channeled ahead, so the market reaction has been mutedor more likely, it is eclipsed by broader US and global developments. There is little beyond lip service by way of fiscal restraint. This will be left to the Finance Minister to make inevitable trade-offs in her first budget this Fall, particularly as she may need to reserve some firepower for second waves. Source: Scotiabank https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.fiscal-policy.fiscal-pulse.federal.federal-budget-analysis.federal-throne-speech--september-23--2020-.html

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