My Mortgage Professional - Terry Tharrenos

08/13/2021

STARTING FRIDAY, AUGUST 13th - We will be collecting donations this Sunday at Church for the Wildfire Relief Efforts through our Archdiocese and ecumenical Patriarchate! Please be generous! Donations can also be made online through our website. All donations are appreciated and will help make a difference in our beautiful homelands efforts to battle and recover from these terrible fires.
https://prophetelias.ca/store/wildfire-relief/

02/19/2020

Well, at least this is something. As of April 6, 2020, the insured mortgage stress test will be contract rate plus 2%. a little better than the current rate. The new rate would be 4.89% rather than 5.19% as of today. I am sure the Uninsured qualifying rate will follow!

Today, Minister of Finance, Bill Morneau, announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the “stress test.” These changes will come into effect on April 6, 2020. The new benchmark rate will be the weekly median 5-year fi...

06/26/2019

TODAYS RATES
1 Year – 3.34% | 2 Year – 3.19%
3 Year – 2.96% | 4 Year – 3.24%
5 Year – 2.84% | 7 Year – 3.72%
10 Year – 3.85%
5 Year Variable – 2.95%
Subject to change at any given time without notice.

Everyone wants to save money on mortgage interest, but there are other things to consider. This guide walks you through the most important questions to ask.

06/14/2019

Am I the only one that wants to rip or stuff that mouthgaurd in his mouth. It's so annoying....lol

04/07/2019

Wow, Snoopy that's intense but extremely accurate.

03/09/2019

Great article.

Why do we stay with them? Complacency is a big reason. A lack of knowledge is another.

01/29/2019

www.MyMortgageProfessional.ca
Today's Qualifying Rate: 5.34 %
Terms | Bank | Our Rates
1 Year | 3.54% | 3.29%
2 Years | 3.64% | 3.49%
3 Years | 3.94% | 3.64%
4 Years | 4.49% | 3.69%
5 Years | 5.34% | 3.49%
7 Years | 6.45% | 3.69%
10 Years| 6.64% | 3.89%
VIRM | 3.95% | 2.95% (Prime less1%)
The prime rate is 3.95%
Posted rates are from RBC. Rates are subject to change without notice and are for reference only.

For more Information visit www.MyMortgageProfessional.ca or email me at [email protected]

01/09/2019

Prime rate holds at 1.75%

The Bank of Canada keeps its benchmark interest rate unchanged at 1.75 per cent, despite a few dark clouds appearing on Canada's economic horizon.

01/08/2019

Did I just read a possible decrease in rates?
Bond rates are currently falling and now Canada decides to put a halt on raising the prime rates and a strong considerations of decreasing the Prime rate...

Remember, I am a free service. Don't be shy to reach out!

After years of warnings of higher interest rates to come, a curious shift has happened in markets this week that suggests a cut could soon be on the table.

01/03/2019

Crash?! Absolutely not! Slow dip and gain. Yes. Don't be afraid of this market. We have you covered if you have mortgage questions or needs.

Yes, it is a different market, but not a dead one.

The boom is over. Here's what that means for buyers and sellers.