Carlos Montes Calgary Real Estate

Deadline Fast Approaching for 35 Year Amortizations

Most homeowners have started to receive annual mortgage statements.  We offer free mortgage reviews for clients to make sure you are getting the most out of your mortgage and to determine if there is a solution where we can save you money.  If you would like us to do an annual mortgage review on your existing mortgage, give us a call we would be happy to do it for you.

The March 18th deadline is just around the corner and has seemed to spawn a flurry of activity for those who feel there purchasing power will be affected by the change.  The difference between a 35 year and 30 year amortization could be the difference between qualifying for a condo or making that small leap into a singe family home.  If you are concerned about how this change will affect you, give us a call and we would be happy to run some number for you and show you what your qualifying amount would be before the change and after.

Rates are still very low, 4.04 for a 5 year fixed and Prime -.75 on a variable.  The Free downpayment mortgage for those clients that do not have a down payment is also available at 5.19%, and EXCELLENT option for people that want to get into the market now, but are short on the funds for a down payment.

Jen Mikla, Mortgage Architects

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