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                               February 2013  |  Edition #44
Mortgage Loan Minute 60 seconds to informed home ownership
In This Issue
Tracy's Q and Eh?
And now... Corroboration!
XPANSE for Separation or Divorce
Amazing But True Golf Facts

  Current interest rates: 

  Prime Rate ....................  3.00
  Qualifying Rate ..............  5.24
  6 month .........................  3.85
  1 year ............................  2.69
  2 year ............................  2.69
  3 year fixed ...................  2.79

  4 year ...........................  3.09    
  5 year fixed ...................  2.99
  7 year fixed ...................  3.64
  10 year fixed .................  3.89    
  Variable rate ..................  2.65
  (Prime - .35%)


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Tracy Irwin, AMP

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Tracy's Q and Eh?



 Q:  Are Canadian mortgage rates really influenced by the U.S.?   

Eh:  Yes they are! For a quick and concise explanation and a list of factors weighing on mortgage rates right now, click to read.

If you'd like to contribute a Question, email me
   

        

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Greetings,
And now... Even More Corroboration!

CBC's Marketplace recently aired, Busting the Banks, where "sneaky bank fees" were revealed. The program covered:

Bank Fee Grabber #1:  The Fine Print - how banks bury information on fee increases and expect consumers to find it.

Bank Profit Booster #2:  Collateral Damage - how one Canadian bank offers only Collateral Mortgages and how they avoid disclosing this fact. (Collateral Mortgages are extremely difficult to shop around for better rates and transfer out at the end of the term.)

Bank Fee Grabber #3:  The Silent Treatment - how banks handover books of printed information and tell us to figure out management fees for ourselves.

Sage advice from the Canadian Bankers Association: "ask lots of questions". So helpful!

Watch Busting the Banks and feel free to vent!    

 
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XPANSE logo
Join us for the 1st Anniversary  
Celebration of XPANSE and
"Expand Your Definition of Love" 
 

  

Featuring "Shades of Teale" author, Susan Crossman of Crossman Communications

Date:  Wednesday, February 13, 2013
Time:  7:00 - 9:00 pm
Place:  e-Spot (353 Iroquois Shore Road, #200, Oakville)

Click to register: www.xpanseanniversary.eventbrite.ca
 
Come and enjoy great conversation and exciting news on the next XPANSE program starting February 27. Refreshments and door prizes... read more    

  

Gray 

  

Amazing But True Golf Facts
The World's Highest Golf Course is the Tactu Golf Club in Morococha, Peru, which sits 14,335 feet above sea level at its lowest point.  
Gray
  
Tracy Irwin, AMP
Mortgage Broker
1-866-797-7616  
 

A referral is the highest compliment a person can give.  

 

In a Maritz/CAAMP survey, 82% of mortgage borrowers find out  

about their mortgage broker via referral.   

 

Join my Referral Rewards Program today and allow me to properly thank you!  

Contact me at  tracy@tracyirwinmortgages.com

 
R.D.M. Financial Consultants Ltd. o/a The Mortgage Centre | Each office is independently owned and operated | Brokerage Licence # 10716, Broker Licence # M08007700 | 418 North Service Road East, Unit 1D | Oakville | ON | L9W 2E7 | Canada