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What a great article that tells it like it is about why using a mortgage or insurance broker is the smart consumer choice!
Befriend a broker
For a mortgage or insurance, brokers can provide an invaluable service.
Use mortgage brokers and insurance brokers to help you shop for the best deal in their respective areas. Unlike salespeople who represent just a single bank or insurance company, brokers can show you products from several firms and steer you to the best deal.
An insurance broker can compare features of policies from competing companies; similarly, a mortgage broker can offer you deals from dozens of small lenders that you would have otherwise missed.
http://www.moneysense.ca/2011/10/11/befriend-a-broker/#.Tu-qbJ3mDg0.facebook__________________________________________________________
Significant Mortgage Statistics JUST RELEASED by CAAMP
22 per cent of mortgages in Canada have amortization periods of more than 25 years, but this number increases to 38 per cent among borrowers who took out a new mortgage on a newly purchased home in 2011
78 per cent of borrowers who renewed their mortgage in the last 12 months saw a reduction in their rate
The average rate discount is 1.46 per cent on a five year posted fixed rate
71 per cent of borrowers have a high degree of satisfaction with their current mortgage terms
21 per cent of borrowers switched lenders upon renewal this year, up from 12 per cent in 2009
More than a quarter (27 per cent) of borrowers used a mortgage broker
Variable rate mortgages are increasing in popularity, with 31 per cent overall; and for those who took out a mortgage in the last 12 months, this rises to 37 per cent
The average mortgage growth is expected to be 7.3 per cent in 2012
A vast majority of Canadians have the ability to afford higher mortgage payments: 84 per cent of borrowers can handle an increase of $200 or more per month
Of the overall housing market, Canadian homeowners have about $2.035 trillion in equity, equivalent to about 68 per cent of the total housing value
78 per cent of borrowers who have a mortgage or line of credit on their home have at least 25 per cent equity in their home
94 per cent of borrowers have at least 10 per cent equity in their home
For a copy of the full report visit: www.caamp.org
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R U a Brooklin business owner wanting to do a direct mailout to ALL homes in Brooklin? Check out the ‘Brooklin Businesses’ tab above for more information on how to get on our advertising flyer for as little as $60!
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Check out our photo album from the HARVEST FESTIVAL here: http://www.facebook.com/#!/pages/Brooklin-Mortgages/215394991836897
Thank you to all the amazing vendors that took part and made our Street Sale a huge success!
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