AGENT LICENSE ID
160000444
BROKERAGE LICENSE ID
ON: 10317 -NB 160000437
Pamela Nierlich
Mortgage Broker
Office:
Phone:
Address:
927 Prospect St, Fredericton, New Brunswick
BROWSE
PARTNERS
Home Financing 101 - The things they don't teach you in school.
Where outlining your financial future is as simple as drawing on a chalk board.
Call to book your one on one, a class where there are no stupid questions.
You will learn: what you need to qualify, how much it will cost
and the dynamics of how a mortgage works.
Don't make such an important decision without the education.
Call me for today's unpublished rate specials.
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BLOG / NEWS Updates
Lowest Interest Rates
You know the old saying You get what you pay for? Well it is so true in the mortgage industry as well. Those ads you see promoting 60 second mortgage approvals are not worth a damn and some of the low, low interest rates being promoted come with some pretty tight hand cuffs. Life can throw at us some pretty big curves and I firmly believe that you need to build as much flexibility into your financial plan as possible. Not all mortgages are equal, while you might get a very low interest rate out of the gate how many thousands of dollars will it cost you down the road. You need an advocate in todays mortgage market, dont go it alone. Pam Nierlich
First-Time Home Buyer Incentive now available
The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage payments without adding to their financial burdens.
The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada. It offers:
5% or 10% for a first-time buyers purchase of a newly constructed home
5% for a first-time buyers purchase of a resale (existing) home
5% for a first-time buyers purchase of a new or resale mobile/manufactured home
The Incentives shared-equity mortgage is one where the government has a shared investment in the home. As a result, the government shares in both the upside and downside of the property value.
By obtaining the Incentive, the borrower may not have to save as much of a down payment to be able to afford the payments associated with the mortgage. The effect of the larger down payment is a smaller mortgage, and, ultimately, lower monthly costs.
The homebuyer will still have to repay the Incentive based on the propertys fair market value at the time of repayment. If a homebuyer received a 5% Incentive, they would repay 5% of the homes value at repayment. If a homebuyer received a 10% Incentive, they would repay 10% of the homes value at repayment.
The homebuyer must repay the Incentive after 25 years, or when the property is sold, whichever comes first. The homebuyer can also repay the Incentive in full any time before, without a pre-payment penalty.
Ask me for more information.
Consumer Price Index climbs in July
In July, the consumer price index climbed 0.5% (not seasonally adjusted), three ticks higher than the median economist forecast. The rise left the year-on-year measure unchanged at 2.0%. In seasonally adjusted terms, the CPI was up 0.4% in the month on increases in recreation (+0.9%), transportation (+0.6%), and food (+0.3%), among others. The Bank of Canadas preferred core measures on a year-on-year basis pegged in as follows: 2.1% for the CPI-trim, 2.1% for the CPI- median, and 1.9% for the CPI-common. The average of the three measures remained in line with the BoCs midpoint target of 2.0%. It is worth noting that the momentum has been building of late. Our in-house replication of the CPI-trim and the CPI-median for the three months to July reached 2.5% and 2.6%, respectively, on an annualized basis. Whereas the Fed can point to soft annual inflation figures to justify rate cuts, the BoC is faced with a very different situation. Whats more, in a context marked by a tight labour market and a weak Canadian dollar, we cannot rule out stronger inflation down the road.
