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Tel: (403) 229.3390  Email: admin@mortgageconnection.ca

A Mortgage is more than an Interest Rate.

Mortgage Connection is not trying to sell you a mortgage. A finance consultant might sound like a strange concept, but here at Mortgage Connection we think this is exactly what is needed in the marketplace.  We will sit down with you and take the time to look at your entire financial picture.  We want to educate you on the myriad of financing options available and how to use them to effectively manage debt.  Only then can you decide which mortgage represents TRUE value for you.   With our professionalism, experience and guidance we help YOU decide what best suits YOUR needs.

Today’s Prime Rate:

3.00%

Bank of Canada’s
next meeting date:

June 4, 2014

 

Economic News

CMHC to Raise Insurance Premiums

CMHC, the largest of Canada's three default insurers has announced that it will be raising premiums May 1, 2014.  This will lead to a higher cost of ownership for home buyers with less than 20% down.  It also will likely lead to a busier spring market, as potential buyers rush in to beat the deadline.

 

Read more on the Globe and Mail here:

Tis the Season...for an RRSP

The deadline for an RRSP contribution is approaching.  Remember an RRSP does not have to mean a high cost mutual fund and there are plenty of options on where your money can go. Using your home to fund an RRSP through a low priced mortgage can be an effective strategy, to top up savings, capitalize on unused RRSP room and kickstart a savings plan and build long term wealth.  Contact us at 403-229-3390 to discuss a savings strategy by using your mortgage as a cornerstone to your financial planning.

 

The Mortgage Wire

Rates Drop (Quietly)

The reality of rising rates has come to a stop.  The exact opposite is happening.  Fixed rates have continued to fall from their recent peak in the summer.  5 year fixed money is creeping closer to the all-time lows that were present in spring 2013.  With another RRSP season upon us, lenders will be flush with cash and we should see a continuation of cheaper money.  On the variable side, discounts off Prime have increased and the BoC has once again kept the overnight rate unchanged.

Deciding on what mortgage is more than just fixed or variable

Financial advice expert Bruce Sellery, answers a question about what mortgage to take.  Check out his response and some insight from Mortgage Connection broker, Joe Jacobs.

Click here:  Moneysense.ca

Tis the Season...for an RRSP

The deadline for an RRSP contribution is approaching.  Remember an RRSP does not have to mean a high cost mutual fund and there are plenty of options on where your money can go. Using your home to fund an RRSP through a low priced mortgage can be an effective strategy, to top up savings, capitalize on unused RRSP room and kickstart a savings plan and build long term wealth.  Contact us at 403-229-3390 to discuss a savings strategy by using your mortgage as a cornerstone to your financial planning.

 

Mortgage Connection Contact Information

Mortgage Connection Inc

1417 9th Avenue SE,

Calgary AB

T2G 0T4

Tel: (403) 229.3390
Fax: (403) 398.9445
Toll-Free: (877) 669.3390