Bradley Cowan
1100 Burloak Drive, Suite 300 L7I 6B2 Burlington, ON, Canada

Dominion Lending Centres, Chief Economist, Dr. Sherry Cooper, on the rising interest rates... "In an unprecedented move, bond yields are spiking around the world. Yields globally are now at levels last seen before the coronavirus spread worldwide. At the same time, commodity prices are surging, including energy, metals and minerals, agricultural products and lumber." The bottom line...... "It's time to lock-in mortgage rates, For those in the market, preapprovals are prudent. Rising rates will likely trigger more housing activity in the near-term as those thinking of buying move off the sidelines, pushing prices higher over the first half of this year." If you're thinking of buying a home this Spring, talk to me today. Let's get your financing prepared. With RATE HOLDS UP TO 120 DAYS, your interest rate is good until the end of JUNE. P: (705) 868-2556 E: [email protected] W: www.BradGetsFunding.com

Please heed this warning when buying your home. https://bradcowan.ca//8-things-that-could-overturn-your-m/

Mortgage Tip Monday: Understanding Mortgage Rate Holds. If you are not familiar with the term, a ‘rate hold’ refers to locking in a specific mortgage rate for a limited period of time. This is offered by most lenders, assuming you are a potential client looking to purchase a home and need a mortgage. They are not eligible for individuals that are refinancing their mortgage, or looking to transfer it to another lender. If you qualify for a rate hold, there are a few things you... should know from restrictions to benefits! The first and most important is that rate holds are typically only offered for a period of up to 120 days. So, once you have created your mortgage application with a broker and submitted it at the interest rate that best suits you, that rate will be protected for up to120 days while you shop. A rate hold is not a commitment. It does not force you to work with that lender, or the mortgage broker who submitted it. It also does not affect your future chances of receiving approval down the road. Instead, it simply guarantees that rate for you, if you find a home you want to purchase and sign the mortgage agreement before the rate hold is up. This can be truly beneficial in volatile markets or those with high competition. For example, if you submit your application to a lender for a fixed rate of 2.49% on a five year term, but while you are searching for your perfect home that rate moves up to 2.99%, the rate hold will protect you and allow you to still sign at 2.49%. This can mean huge savings! For instance, if you are looking for a standard $500,000 mortgage (25 years amortization, fixed-rate, 5-year term), your monthly payments would be $2,237.35 at 2.49% interest. This would jump up to $2,363.67 per month at 2.99 percent. This is a difference of $126.32 per month or $1,515.84 annually; which can really add up on a 25-year mortgage! Another benefit is that, if the rates go down, it does not stop you from taking advantage of the lower offer. Instead, it protects you from rate increases after you’ve determined your budget and are in the process of purchasing a home. Rates are the lowest in history. There has never been a better time for a home purchase, than right now. Reach out to me today. l can help you better understand the current rates and benefits of a rate hold. Bradley Cowan Mortgage Agent DLC TLC Mortgage Group P: (705) 868-2556 E: [email protected] W: www.BradGetsFunding.com

2020 was an unprecedented year. A raging Pandemic caused financial hardship for many. If you're feeling stressed due to an increased debt load, you're not alone. I can help. As a licensed Mortgage Agent, I can help you restructure your mortgage to pay down debt, allowing you to free up needed cash. Interest rates are the lowest in history, so there's never been a better time to consolidate debt than right now. ... Click the link below, and let's see what we can do for you. Start living life again. Stress free. Apply now! https://velocity.newton.ca/sso/public.php?sc=m33qjd7lzftv Bradley Cowan Mortgage Agent DLC-TLC Mortgage Group FSRA# 12988 P: (705) 868-2556 E: [email protected] W: www.BradGetsFunding.com

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Get pre-approved BEFORE house hunting. Know what you can afford. It'll be a huge help to yourself and your Realtor. Call or message me today. I can help. (705) 868-2556 [email protected] www.BradGetsFunding.com

Looks like Christmas came early this year! Super low Mortgage rates starting as low as 0.99% O.A.C. This rate is only available to an exclusive group of Brokerages, and we are honoured to be one of them. DM or email me, [email protected], for more details.