Chen Bercovici- Mortgage Agent

07/19/2019

For the first time since the government implemented new stress test rules on Canadian home loans, the bar has been lowered — meaning a would-be homebuyer could be approved for a bigger mortgage today than they would have yesterday.

There's good news for anyone who has decried the new mortgage stress test rules, as the hurdle set up by Ottawa to save borrowers from themselves just got a bit lower.

07/11/2017

Attention!

Mortgage rates are going up, don't wait for the last minute!

There are still very good varible rates,as low as 1.97% !

Call me today !

Chen Bercovici, M.B.A | Mortgage Agent
Mobile: 647-786-6855
Real Mortgage Associates Inc. | FSCO Licence # 10464

11/15/2016

After raising its mortgage prime rate, TD raised today it's 5 year fix mortgage rate from 2.49 to 2.59%, !

In addition, Starting November 17, a new RBC five-year mortgage with an amortization period of 25 years or less will cost 2.94 per cent, up from 2.64 per cent, an 11 per cent jump. The bank also increased its three-year and four-year rates for these mortgages to 2.69 per cent and 2.79 per cent, respectively.

If you are looking to get approved for mortgage-let me find you the best rate out there- contact me today!

Chen Bercovici, M.B.A | Mortgage Agent
Mobile: 647-786-6855
Real Mortgage Associates Inc. | FSCO Licence # 10464

11/02/2016

TD raises mortgage prime rate by 0.15% in wake of Ottawa's new rules

http://www.bnn.ca/td-raises-mortgage-prime-rate-by-0-15-in-wake-of-ottawa-s-new-rules-1.597563

TD Bank is raising the interest rate it charges customers with variable-rate mortgages.

10/04/2016

4 major changes that will affect all borrowers will come in to affect soon

Finance Minister Bill Morneau announced four reforms to address the increase in bigger mortgages amid low interest rates

09/21/2016

Weak economic growth and low interest rates have been with us for far longer than anticipated, and that trend is unlikely to change any time soon.

http://www.financialpost.com/m/wp/news/economy/blog.html?b=business.financialpost.com/news/economy/expect-lower-interest-rates-for-some-time-to-come-bank-of-canada-signals

Bank governor Stephen Poloz says today’s era of stubbornly low interest rates means it’s time to revisit retirement plans and temper business investment expectations

09/03/2016

BUYING A HOUSE ?
Your MORTGAGE RENEWAL date is in the next 4 months?
Need to REFINANCE your correct mortgage?
Private message me with any question!

Chen Bercovici, M.B.A | Mortgage Agent
Mobile: 647-786-6855
Real Mortgage Associates Inc. | FSCO Licence # 10464

08/02/2016

Check out the BEST MORTGAGE RATES offered this week, private message me with any question,
or LIKE my page to stay connected!
Chen Bercovici, M.B.A | Mortgage Agent
Mobile: 647-786-6855
Real Mortgage Associates Inc. | FSCO Licence # 10464

07/10/2016

Want to SAVE MONEY on mortgage’s interest even without refinancing it? Here are few tips how to do that:

1.Paying down extra principal in the early years can shorten the life of your mortgage — and dramatically lower the interest you'll pay over the long term.

2.Increase your payment annually to the most you can afford .

3.Increase the frequency of your payments - Make accelerated bi-weekly payments to get a "free" principal reduction equivalent to one full mortgage payment every year.

4.Make use of double-up privileges wherever possible.

5. Round your payments up -By adding even a nominal amount of $10 per payment, the amount of interest you are saving will be unbelievable, and the extra money relatively painless to part with.

6. Pay a lump sum whenever possible -by decreasing the principal of the mortgage, your payments will not be allocated as much to interest in the future.

7.If you mortgage interest is variable -Keep payments the same when mortgage rates have fallen -If the payment amount has not been a problem so far, then keep it the same will help paying down the principal faster.

8. Raise payments in line with increased income.

Private message me with any question,
or LIKE my page to stay connected!

Chen Bercovici, M.B.A | Mortgage Agent
Mobile: 647-786-6855
Real Mortgage Associates Inc. | FSCO Licence # 10464

06/14/2016

During the last few days both TD Bank and Scotia Bank had dropped their 5 years fixed rate making the new rate 2.49 (broker rate)!
5 years fixed rate in other banks go as low as 2.39%!

If you are looking to get approved for a mortgage or to refinance your current one – contact me today!

Chen Bercovici, Mortgage Agent
Real Mortgage Associates Inc. | FSCO Licence # 10464
Mobile: 647-786-6855

05/24/2016

Check out my new blog @ cijnews

http://en.cijnews.com/?p=38236

When the term of your mortgage is about to end and you are looking to refinance your mortgage few options should be considered: 1. Modifying the Length of Yo