Chantel Chapman - Vancouver Condo Mortgage Broker in Yaletown Coal Harbour Downtown Gastown http://www.chantelchapman.com/Blog.php This page contains the blog. Mon, 21 May 2012 15:43:32 -0700 http://ubertor.com/?v=1.0 en The Self Employed Market http://www.chantelchapman.com/Blog.php/the-self-employed-market Wed, 04 Jan 2012 10:29:27 -0800 Integre Mortgage Partners Blog by Sabeena Bubber http://www.chantelchapman.com/Blog.php/the-self-employed-market

 
As seen on mortgagebrokernews.ca]]> OTTO Mortgage Systems http://www.chantelchapman.com/Blog.php/otto-mortgage-systems Tue, 03 Jan 2012 17:55:08 -0800 Integre Mortgage Partners Blog by Sabeena Bubber http://www.chantelchapman.com/Blog.php/otto-mortgage-systems Check me out giving street cred' to OTTO Mortgage Systems....

http://www.ottomortgage.ca/?p=206]]> Credit Counselling Society http://www.chantelchapman.com/Blog.php/credit-counselling-society Mon, 24 Oct 2011 17:49:11 -0700 Integre Mortgage Partners Blog by Chantel Chapman http://www.chantelchapman.com/Blog.php/credit-counselling-society

www.nomoredebts.org

www.mymoneycoach.ca]]> 4 yr fixed rate! http://www.chantelchapman.com/Blog.php/4-yr-fixed-rate Tue, 18 Oct 2011 10:09:52 -0700 Integre Mortgage Partners Blog by Integre Mortgage Partners http://www.chantelchapman.com/Blog.php/4-yr-fixed-rate
Check out our 4 yr fixed rate special- 2.89%!]]> Discounts off Variable Rates are slowing disappearing http://www.chantelchapman.com/Blog.php/discounts-off-variable-rates-are-slowing-disappearing Wed, 05 Oct 2011 15:00:12 -0700 Integre Mortgage Partners Blog by Chantel Chapman http://www.chantelchapman.com/Blog.php/discounts-off-variable-rates-are-slowing-disappearing Some of the big banks are sending out warnings that they will be eliminating discounts off prime on their variable/floating rate mortgages as of midnight tonight. This means that other mortgage lenders may follow shortly after. If you are looking to obtain a variable rate mortgage, I would recommend getting a rate hold as soon as possible. We still have prime -.65% on a 3yr variable rate.
 
Please call me if you would like a rate hold or have any questions.
]]> Equity Management http://www.chantelchapman.com/Blog.php/equity-management Fri, 05 Aug 2011 09:02:24 -0700 Integre Mortgage Partners Blog by Chantel Chapman http://www.chantelchapman.com/Blog.php/equity-management  
One of the things I talk to clients about is using the equity in their home to help build additional wealth. How? You can take some of your home equity out through your mortgage, and then move those funds into a secure investment vehicle or to purchase a rental property.
 
I bring this up now because house prices in the Vancouver have been going up and many people have seen the equity in their homes grow.
 
Lately there has been some talk that the Vancouver real estate market is overpriced and might be due for a correction. We have heard the stories of Vancouver house prices crashing before only to see prices continue to go up. Will the market correct? I wish I knew the answer to this question but of course no one really does.
 
For me hearing these types of stories reminds me that it is important for those that are thinking of using the equity in their home to occasionally re-set the approved credit limit based on the current value of the home. In some cases this can be done with little or no cost.
What if you are not ready to make an investment now? You can still lock in the equity gains by setting up a secured line of credit now that is based on the current value of your home.
If you would like to talk about using the equity in your home please give me a call at 604-377-9744
 
]]> Market Update http://www.chantelchapman.com/Blog.php/market-update Thu, 04 Aug 2011 15:32:01 -0700 Integre Mortgage Partners Blog by Sabeena Bubber http://www.chantelchapman.com/Blog.php/market-update  
The Bank of Canada made their interest rate announcement on July 19th , they left rates unchanged. The prime rate remains at 3%. Both TD and Scotia Bank are now forecasting that rates will remain at their current level until 2012. Variable rates are currently available in the prime minus .80%. 5yr fixed rates are dropping and we have seen some lenders at 3.79-3.54%.
]]> Financial Update http://www.chantelchapman.com/Blog.php/10 Fri, 17 Apr 2009 22:32:38 -0700 Integre Mortgage Partners Blog by Chantel Chapman - Vancouver Condo Mortgage Broker in Ya http://www.chantelchapman.com/Blog.php/10 After grinding steadily higher throughout the day yesterday, the TSX index is headed for its sixth consecutive weekly gain. The S&P500 is also in positive territory for the week, but just barely. Better than expected scorecards from GE and Citigroup are helping lift spirits this morning, as well as a surprising jump in consumer sentiment south of the border. Inflation in Canada continues to be muted as lower mortgage rates drag down the headline figure. The majority of economists predict no change to the Bank of Canada’s target interest rate when they meet next Tuesday, although a reduction of 25 bp is certainly a possibility. The TSX is up 31 pts. The Dow is off 10 pts.

The US dollar caught a bid on the consumer sentiment report while the Loonie adjusts to the inflation numbers and the possibility for another rate cut. The Canadian dollar is down 28 bps to US$.8239. Bond yields climbed to 1.93% for the 5-year Canada and 2.98% for the ten. Gold is down another $10.50 to US$869.30/oz. Oil is up 55 cents to US$50.53/barrel.

Have a great weekend

]]> Bond Yeild Update http://www.chantelchapman.com/Blog.php/9 Wed, 25 Mar 2009 19:03:57 -0700 Integre Mortgage Partners Blog by Chantel Chapman - Vancouver Condo Mortgage Broker in Ya http://www.chantelchapman.com/Blog.php/9 Bond yields rise in the face of decent economic data, the 5-year yielding is 1.93%. This could move fixed rates up, get your pre-approval! Most lenders will give a rate hold for a 120 days.

]]> Fixed Mortgage Rate Drops http://www.chantelchapman.com/Blog.php/8 Mon, 23 Mar 2009 03:31:38 -0700 Integre Mortgage Partners Blog by Chantel Chapman - Vancouver Condo Mortgage Broker in Ya http://www.chantelchapman.com/Blog.php/8 The Canadian 5 yr bond yeild had its largest drop since September. The fixed mortgage rates generally follow the bond market so this is great news for fixed rate mortgage shoppers!

Most lenders followed the bond drop by lowering their 5 yr fixed rates. The lowest 5 yr fixed rate we have seen today is 3.99%.

BMO economist, Sal Guatieri, says, recent rate cuts have "led to the best housing affordability in four years" and that these latest reductions enhance affordability further.

 

 

]]> “Want a Mortgage at 0% down? Just Skirt the rules”. http://www.chantelchapman.com/Blog.php/4 Tue, 10 Mar 2009 03:54:51 -0700 Integre Mortgage Partners Blog by Chantel Chapman - Vancouver Condo Mortgage Broker in Ya http://www.chantelchapman.com/Blog.php/4 November 12, 2008

Don’t quite believe that $0 down and 40 yr amortization is completely eliminated. The 40 yr amortization is still available if you put 20% or more down payments. Also, Wells Fargo is still offering the $0 down mortgage as they self insure their mortgage and do not use CMHC. There are also other options if you do not have a down payment, such as cash back mortgages or borrowing your down payment from another source.

   Read the article attached “Want a Mortgage at 0% down? Just Skirt the rules”.

http://www.canada.com/vancouversun/news/story.html?id=a2f45422-8770-4071-bcc1-15bde77565bf&k=63933

]]> Having coffee with Ian Watt!! http://www.chantelchapman.com/Blog.php/1 Mon, 09 Mar 2009 16:19:22 -0700 Integre Mortgage Partners Blog by Chantel Chapman - Vancouver Condo Mortgage Broker in Ya http://www.chantelchapman.com/Blog.php/1 Im at starbucks at Electric Ave with Ian Watt www.ianwatt.ca

]]> Fixed vs Variable http://www.chantelchapman.com/Blog.php/7 Mon, 02 Feb 2009 05:02:00 -0800 Integre Mortgage Partners Blog by Chantel Chapman - Vancouver Condo Mortgage Broker in Ya http://www.chantelchapman.com/Blog.php/7
 

February 1, 2009

Fixed vs Variable - by Chantel Chapman

 

Rates are at an all time low but you may be wondering which rate will produce the most savings- the fixed mortgage rate or the variable/ floating mortgage rate?

  

Fixed mortgage rates do not change over your term no matter what the rates are doing in the economy. The fixed rates give owners a piece of mind by eliminating interest rate uncertainty associated with mortgage payments.

 Variable rate mortgages float with the Bank of Canada’s prime rate. Research has shown that over time the variable rate will give the most savings as the prime rate is usually lower than the fixed rates. In exchange for the potential savings you will risk the chance of rate increases. Most lenders will allow you to switch from the variable to a fixed rate at any time in your term without any penalty. As your mortgage broker, I will continue to contact you through out your mortgage term to keep you informed of any rate changes. I will give my advice as to whether it would be worth it to switch to the fixed from the        variable rate.  

If you are buying a property or simply renewing your mortgage, I would recommend the variable rate at this time.

Benjamin Tal- Chief Economist for CIBC has said that mortgage rates both fixed and variable will see another drop in the upcoming months. After the drop the rates will be steady for 2009. Benjamin Tal has predicted a bump in inflation which could increase rates in 2010. The variable rate would give you the most savings for 2009 and if you feel uncertainty with leaving your rate floating for 2010, you can lock into the current fixed rate before then to take advantage of the low fixed rate sales.

 

 ]]> Making sense of today's housing market-The local slowdown should not be confused with the collapse in the U.S. http://www.chantelchapman.com/Blog.php/6 Sat, 06 Dec 2008 04:59:00 -0800 Integre Mortgage Partners Blog by Chantel Chapman - Vancouver Condo Mortgage Broker in Ya http://www.chantelchapman.com/Blog.php/6
 

December 5, 2008

Making sense of today's housing market-The local slowdown should not be confused with the collapse in the U.S.

-By Dave Watt

Low prices are not the concern as much as the view that prices are falling. Buyers are waiting to see of the real estate market has hit bottom. Identifying the "bottom" of a market is difficult, given that certain variables must remain constant to attain real savings. 

For example, interest rates must remain low and that perfect house must remain available at an acceptable price.

Most of us sell a home and buy a home within the same market; while we may be selling at a lower price, we're also buying within that lower-priced market.

Deciding to buy or sell a home should be a milestone moment based on your financial and personal circumstances, and the market conditions within your neighbourhood of choice. For those whose finances allow it, there are excellent opportunities in today's housing market. This is a good market for long-term investors.

Check out the Vancouver Sun Article http://www.vancouversun.com/Homes/Making+sense+today+housing+market/1034266/story.html

 ]]> Credit markets still on life support http://www.chantelchapman.com/Blog.php/3 Wed, 22 Oct 2008 03:51:00 -0700 Integre Mortgage Partners Blog by Chantel Chapman - Vancouver Condo Mortgage Broker in Ya http://www.chantelchapman.com/Blog.php/3 October 17, 2008

Credit markets still on life support                   Central bank expected to unveil new measures to spur lending as small firms fret over cash flow                                                                       

RITA TRICHUR
DANA FLAVELLE
BUSINESS REPORTERS

Economists, meanwhile, suggest the Bank of Canada could slash its key overnight interest rate Tuesday by as much as a half-percentage point. That benchmark rate is now sitting at 2.5 per cent after a co-ordinated half-point rate cut on Oct. 8.                      

Check out the rest of the Toronto Star article...   

   http://www.thestar.com/Business/article/518939             

]]> Ottawa Pushes to Get Credit Markets Working http://www.chantelchapman.com/Blog.php/5 Tue, 13 Nov 2007 04:56:00 -0800 Integre Mortgage Partners Blog by Chantel Chapman - Vancouver Condo Mortgage Broker in Ya http://www.chantelchapman.com/Blog.php/5 November 12, 2008

Ottawa Pushes to Get Credit Markets Working

Jim Flaherty, the Governor of the Bank of Canada, announced that they would add $50 billion to its mortgage purchase program. He has also agreed to slash the price the government is charging to Canadian banks to insure their wholesale lending. At the same time, the Bank of Canada is injecting another $8 billion into money markets over the next few weeks. This will loosen the credit market even more and make it even easier than it already is to obtain a mortgage.

Check out the article.http://www.bnn.ca/news/4809.html

]]> The sky isn't falling, so it's no time for Ottawa to overreact http://www.chantelchapman.com/Blog.php/2 Sun, 14 Oct 2007 03:48:00 -0700 Integre Mortgage Partners Blog by Chantel Chapman - Vancouver Condo Mortgage Broker in Ya http://www.chantelchapman.com/Blog.php/2 October, 13, 2008

The sky isn't falling, so it's no time for Ottawa to overreact

Is there a subprime mortgage problem in Canada? Only 5 per cent of Canadian mortgages are rated "high risk," compared to more than 50 per cent in the U.S.

What about homeowner equity? On average, Canadian homeowner equity is about 70 per cent, while U.S. homeowner equity has been in freefall, to less than 45 per cent.

Will Canadians with mortgages be hurt by all this? Canadian house prices have held up relatively well and, for those with variable-rate mortgages, the central bank's move to lower interest rates is an opportunity to lock in at lower rates.

Check out the rest of the atricle from the Globe and Mail. http://www.theglobeandmail.com/servlet/story/LAC.20081013.RAGENDAMORGAN13/TPStory/Business 

If you have any questions in regards to this article, please do not hesitate to contact me!

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