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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:

May 29, 2013

Economic News

Tis the Season...for an RRSP

Saying RRSP often causes people to turn in disgust, but remember an RRSP does not have to mean a high cost mutual fund.  Also, using your home to fund an RRSP through a low priced mortgage can be an effective strategy, to top up savings and build longterm wealth.

Here is a guideline for 2013 RRSP season Read more on CBC.ca

Same Old Story

With the latest rate announcement, the Bank of Canada looks for rates to hold steady for awhile still...what else is new?

Read More form Finanacial post here:

The Mortgage Wire

2.59% FIXED SPECIAL 33 MONTH OFFER!!!

A 33 month term?  Why not?  We have a small investment pool available for mortgages that will mature December 1, 2015 priced at 2.59%.  This is a great value and the product has full flexibility with large. prepayment options, full portability and fair payout penalty calculations.  Save thousands over the next 33 months compared to 5 year fixed options.

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

OFSI Changes

The first major changes as a result of tighter bank regulations have hit the market.  This week most lenders have reduced Home Equity Line of Credit products (HELOC) to 65% loan to value-down from 80%.

Firstline Mortgages

As many of you know, CIBC took over full operations of FirstLine Mortgages a month ago.  Although this does not impact existing Firstline mortgage holders, it does impact the service level MCI can provide existing clients that have a Firstline mortgage.

You will likely be sent a letter from CIBC, however, be sure to contact Mortgage Connection should you want to review anything.

To see a sample copy of the Firstline letter click here:

2.59% FIXED SPECIAL 33 MONTH OFFER!!!

A 33 month term?  Why not?  We have a small investment pool available for mortgages that will mature December 1, 2015 priced at 2.59%.  This is a great value and the product has full flexibility with large. prepayment options, full portability and fair payout penalty calculations.  Save thousands over the next 33 months compared to 5 year fixed options.

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