HOME RATES ABOUT SERVICES VIDEOS BLOG CONTACT ME TEAM

My Rates

6 Months 4.75%
1 Year 3.44%
2 Years 2.79%
3 Years 2.74%
4 Years 2.79%
5 Years 2.59%
7 Years 3.19%
10 Years 3.24%
*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

BROWSE

PARTNERS

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

Mortgage Financing Made Easy: 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I have access to many different mortgage products and unpublished special rates from banks, credit unions, monoline, alternative, and private lenders.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 mortgages, I have lenders that offer

  • borrowed down payment;
  • residential mortgages to borrowers who own multiple rental properties;
  • interest only loans;
  • good terms for a loan on a mobile home;
  • Manulife One--An excellent mortgage and or Line of Credit for investors, business for self, seniors, and family;
  • CHIP and Income Advantage reverse mortgages to seniors age 55+;
  • NEW *** Equitable Reverse Mortgage for seniors age 55+;
  • 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;
  • commercial 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 on a property even if you move and or change the mortgagee.

 

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!

 

Platinum

Centra Gold

Cash Back

All Cards


BLOG / NEWS Updates

Forecast Update: Economies Shutting Down

Rapidly evolving developments necessitate an update to the forecasts we published just last Friday. Additional quarantine or shut-down measures have been put in place in a number of countries in the last few days. As a result, we now anticipate global GDP growth to be 0% in 2020, followed by a sizeable rebound in activity in 2021 given our view that economic activity will rebound quickly once the virus is no longer a serious threat to public health. At present, we believe activity will begin to return to normal in the third quarter, except in countries where containment measures were aggressively deployed in the first quarter (essentially the Asian economies), where activity resumes in the second quarter. In Canada, the closure of non-essential business in Quebec and Ontario announced earlier this week will have large economic consequences. At present, we believe Canadian economic activity will fall by 28% in Q2 as these measures are felt. If other provinces follow, the fall in Q2 economic activity would be in the 35% range. We now assume that economic activity resumes by the start of the third quarter and that growth rebounds sharply at that time. However, the 20% drop in US economic activity in the second quarter will restrain the rebound in Canadian activity in the third quarter owing to the usual lags between US and Canadian economic outcomes. Under these assumptions, Canadian GDP would fall by slightly more than 4% in 2020 and rebound by 5.1% in 2021. Though we have not included any additional measures in this update beyond those already announced, we believe a substantial ramping up of fiscal support measures in Canada is forthcoming. There is a chance that aggressive virus management measures are required beyond Q2 to ensure the virus is truly well-contained. Evidence in Asia this week suggests that even in countries where aggressive management measures have been put in place, COVID-19 can come back quite quickly. If measures in Canada are not lifted by the end of Q2, growth would fall again in Q3, and GDP would fall by 6.3% in 2020 instead of the 4.1% we currently expect. A key question for forecasters is the length of the virus-related restrictions on firms and households. As noted above, a shift of one quarter in the resumption of normal operating conditions can have a large impact on growth outcomes. Since we do not have a good handle on the ultimate length of the interruptions, we consider it more informative to assign probabilities to the time at which virus containment measures end. At this time, we believe there is a 75% chance that activity resumes by Q3 and a 25% chance that activity returns to more normal levels by Q4. How officials manage virus containment internationally, as well as the evolution of the virus, will inform our assessment of probabilities going forward. Source: Scotiabank Economics

Home resale market was gaining momentum prior to Covid-19

At the national level, resale home prices were gaining momentum in February. The 0.4% monthly gain in the Composite index was double the average of the previous ten years for a month of February. In particular, after 12 consecutive monthly declines, Vancouver HPI rose in each of the last five months, reflecting the fact that Vancouver resale market recently returned to balance. Sure, we still saw weakness in other regions, such as the Prairie Provinces (Alberta, Manitoba and Saskatchewan) where markets were still favorable to buyers. But CREA just reported a rather generalized increase in home sales in February, including for Calgary and Edmonton. Unfortunately, then came the outbreak of Covid-19 and its impact on oil prices and disruptions in the supply chain. The unprecedented sanitary measures imposed by the authorities to tackle the pandemic will severely impact business activity and jobs over the coming months. In that situation, the home resale market should be heavily curtailed for the coming months. Source: Teranet Inc., and National Bank of Canada

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