HOME RATES ABOUT SERVICES VIDEOS BLOG CONTACT ME TEAM

My Rates

6 Months 4.75%
1 Year 1.84%
2 Years 1.54%
3 Years 1.54%
4 Years 1.64%
5 Years 1.89%
7 Years 1.99%
10 Years 2.14%
*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

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I have access to many different mortgage products and unpublished special rates from banks, credit unions, monoline, alternative, and private lenders.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, whatever is easiest for you!  Mortgage financing is made quick and easy with e-signatures whenever possible; therefore, I can broker a mortgage 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 conventional uninsured mortgages from banks and monoline lenders, I have lenders that offer mortgages to borrowers with

  • borrowed down payment;
  • multiple rental properties;
  • interest only loans;
  • bridge financing;
  • bankrupcy or consumer proposal;
  • self employed with stated income;
  • child tax credit included in income;
  • child or spousal support payments included in income;
  • reverse mortgages for property owners age 55+;
  • 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 offer an excellent Mortgage Protection Plan from Manulife at an affordable price in additition the banks mortgage insurance.  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.

 

I also offer home and auto insurance.

 

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!

 


BLOG / NEWS Updates

Index growth slows further in January

In January the TeranetNational Bank National Composite House Price IndexTM was up 0.3% from the previous month. It was the third consecutive month in which the index rose less than the month before. The increase was led by five of the 11 constituent markets: Hamilton (2.0%), Montreal (1.0%), Victoria (0.6%), Halifax (0.4%) and Vancouver (0.4%). Rises of less than the countrywide average were reported for Quebec City (0.3%) and Ottawa-Gatineau (0.1%). Indexes were down from the month before in Toronto (0.1%), Calgary (0.2%), Edmonton (0.4%) and Winnipeg (0.4%). After three months September, October, November in which all 11 markets of the composite index were up from the month before, it was a second consecutive month in which one or more markets were down on the month. The price rise is consistent with the rise of home sales volume over the last several months as reported by the Canadian Real Estate Association. For a fifth straight month, the number of sale pairs[1] entering into the 11 metropolitan indexes was higher than a year earlier. The unsmoothed composite index, seasonally adjusted, was up 0.9% in January, suggesting that the published (smoothed) index could continue its uptrend.

Canadian home sales continue their momentum to start 2021

In January, Canadian home sales increased 2.0% month-on-month, building on Decembers 7.0% gain. On a year-on-year basis, they were up 35.2%. Provincially, sales were up in 8 of 10 provinces in January, with strong gains recorded in PEI (+20.5% m/m) and Alberta (+11.9%). On the flipside, a relatively steep decline was recorded in Nova Scotia (-8.3%). New listings dropped by 13.5% m/m in January. The combination of rising sales and falling new listings brought the months supply of inventory measure to under 1.9 months. The national sales-to-new listings ratio also increased to 90.7% its highest level by far. Every province was in sellers territory in December, and many of those in the eastern part of Canada had ratios over 100% (Quebec: 128.3%; New Brunswick: 116.0%; Nova Scotia: 114.3% and PEI:101.5%). This means that there were more sales than new units listed last month in these provinces. This is a rare situation, but has occurred before in the Atlantic Provinces. However, January marked a first on this front in Quebec. Elsewhere, ratios were particularly elevated in Manitoba (86.1%) and Ontario (88.6). Strong demand and historically tight conditions were reflected in prices. Indeed, Canadian average home prices surged by 4.7% m/m in January. On a year-on-year basis, they were up 22.8%, marking an acceleration from December. However, prices were up in 8 of 10 provinces during the month, with the largest gains occurring in Alberta (+8.1%) and Ontario (7.4%). Compared with the average sales price, the MLS home price index, a more like for like measure, increased 2.0% m/m. Single family home prices rose 2.6% m/m (and a robust 17.4% y/y), whereas apartment prices advanced by a smaller 0.2% m/m (and decelerated to 3.3% y/y). In Toronto, apartment prices increased 0.4% m/m, the first gain in 4 months. Key Implications Home sales picked up right where they left off to start 2021. Demand was likely given a lift by ultra-low mortgage rates, which dropped again during the month. Januarys robust gain coupled with a strong handoff into this year virtually ensures that sales will increase in the first quarter. However, with sales likely running above fundamentally-supported levels, we think some cooling in activity will take place, especially in the second half. A dwindling supply of inventories, when benchmarked against the current sales pace, could also weigh on activity moving forward. With todays data showing a solid gain in prices last month and new supply collapsing across nearly the entire country, markets were historically tight. This points to further strong price gains ahead in the near-term. Also notable was that benchmark condo prices grew for the first time in several months in Toronto. Although supply remains elevated, conditions are becoming tighter than what we saw last fall. This suggests that further gains are in store. Source: https://economics.td.com/ca-existing-home-sales

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