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My Rates

6 Months 4.75%
1 Year 3.04%
2 Years 2.89%
3 Years 2.99%
4 Years 2.94%
5 Years 2.74%
7 Years 2.99%
10 Years 3.04%
*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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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I have access to many different mortgage products and unpublished special rates from banks, credit unions, monoline, alternative, and private lenders.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!

 

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BLOG / NEWS Updates

NORTHERN STAR (FOR NOW...)

In contrast to the US, Canadian growth is accelerating sharply going into the second quarter, following a solid gain in domestic demand to start the year. Fast, and accelerating, population growth, and remarkably strong employment growth are providing a solid underpinning to consumer spending and the housing market. Positive export data suggest that the ongoing strength in domestic demand will be buttressed by net exports in the second quarter, and possibly beyond. Canadian inflation is at the Bank of Canadas target, in sharp contrast to the US, where it has moved away from the Feds objective. This gives the BoC room to keep rates on hold if inflation remains on target. Downside risks remain important and are all linked to US-centric developments, with worries about US trade policy ongoing despite the pause with China. Recent Canadian developments stand in sharp contrast to events in much of the rest of the world. Whereas US growth is clearly decelerating, Canadian growth is on an upswing, with recent indicators pointing to a very sharp rebound from a somewhat sluggish start to the year. Canadians appear to be, for the time being, largely insulated from the broader malaise facing the global economy as consumer and business confidence has improved sharply in recent quarters, owing to strong sales and job creation. While there are a number of factors suggesting that the growth rebound observed will persist through 2020, there is a risk that a divergence between Canadian and US outcomes may not last. Source: Scotiabank Economics

CANADA — SETTING THE AUTUMN TABLE

The Bank of Canada will have the opportunity to set a course of action or, more likely, inaction for some time at least into the Fall when it delivers its latest policy communications on Wednesday July 10. Key may be how the BoC views external risks that it warned had increased in May. Further, watch for key guidance toward Q3 GDP. Recall that the BoC only forecasts out a quarter at a time and the April MPR published quarterly GDP growth up to 2019Q2. While it has to revise up that 1.3% estimate for Q2 to something that would probably be deep in the 2s perhaps bordering upon 3%, how the BoC views the durability of this improvement relative to potentially temporary and distorted drivers is key by way of assessing 2019H2 risks. In the meantime, the case for the BoC to stand pat on rates for some time is guided by the following points: The BoC is starting at a more relaxed policy stance than the Fed with slightly negative real rates and below its neutral rate. This gives the BoC more of a policy buffer against downside risks; The BoCs preferred core inflation measures are on- if not a smidge above-target at 2.1% y/y while the Feds preferred gauge is well below 2% at 1.6%. C$ weakness is the flip side to the implications of US dollar strength. The CAD rally of about a nickel since early June has been backed by firmer commodity prices. Further C$ appreciation may be limited if the Fed cuts because US monetary policy easing is already significantly priced in; Canadas economy is on the rebound in Q2 whereas the US is decelerating; Domestic trade policy risks are less negative for Canada now given the CUSMA deal that is pending passage in the US and Canada (but passed in Mexico) and the reversal of steel and aluminum tariffs and reciprocal actions; housing markets are stabilizing in Canada, driven by job growth, lower mortgage rates and distance from B20; nonfarm payrolls disappointed in May but Canadas job growth has remained strong this year; Canada has imported bond market easing driven by Fed rate expectations and to a degree can ride along the Feds coat tails. Source: Scotia Economics

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