Christine Buemann Mortgage Broker

ANNOUNCING - STILL AVAILABLE… A NEW LIMITED TIME RESIDENTIAL 5 YEAR FIXED RATE MORTGAGE SPECIAL!! *2.99% for PURCHASES & REFINANCES In order to qualify the deal must be: · CMHC insured and fully qualifying (full documents) · Owner Occupied · The deal must close by December 12, 2011 If you can get 2.99% on your $200,000 mortgage* instead of the average of 3.69%, you would be saving approximately $75 a month ! If you or anyone you know have a deal that would fit this criteria and would like to take advantage of this ultra low rate – contact me today! Addition Information: This mortgage rate is with a very reputable lender. The pre-payment priviledges are 20%/20% and it is assumable and portable (upon qualification). *5 year term over 30 year amortization *OAC

This technique is simple. If you are young, with good credit, making a good income but haven’t had enough time to save up your down payment, and you still want your mortgage right away; this is for you. Under the Home Buyer’s Plan (HBP), the Canadian government allows first time home buyers to withdraw funds from their RRSP up to 25K per person in order to purchase their first property. You have 15 years (plus 2 years of grace period without payments) to put your RRSP money back. If you want to take advantage of this program, but you do not have enough in your RRSPs, I have a solution for you. Most financial institutions are offering RRSP loans, some even with deferred payments. Because of the tax benefits of your new RRSP contribution, you should be receiving a higher tax return. In order for this technique to work to your full advantage, it is strongly suggested that you use the additional funds from your tax return to pay down your new loan. Here is a great tool that will show you

One of the best risk-adjusted investments you can make requires no commissions, no buying and selling and no management fees. According to a new study from the Certified General Accountants Association of Canada (CGAAC), the boring old mortgage prepayment performs better than most common retirement savings vehicles, including RRSPs. “…Single individuals and couples with no dependents may be better off accelerating their mortgage payments than contributing to a retirement account,” finds the study. “This is the case for all income levels and savings rates, but particularly for lower-income individuals.” “Those earning $30,000 annually and saving 2% of their earnings will get a nearly twice higher return by accelerating their mortgage payments compared with saving through a RRSP.” Once the mortgage is paid off, it’s assumed that one then takes the money formerly allocated to mortgage payments and starts investing it. There is an exception to the above findings, however, and it appli