Karlee Moore, Mortgage Agent

Looks like we might be spending our summer at home this year, so why not do some gardening? Some great gardening tips for a successful season!

OSFI (Canada's banking regulator) has proposed some changes to the mortgage qualification rate on uninsured mortgages (mortgages with 20% or more down payment). They are proposing to change the qualification from "the greater of the contractual rate plus 2% or 4.79%" to "the greater of the contractual rate plus 2% or 5.25%." This effectively reduces a buyers purchasing power by about 5%. ... If changes are implemented, they are set to take place June 1, 2021. Please contact me to find out how this might affect you. [email protected]| 613-334-5694

Looking to purchase a home in PEC and surrounding area? Explore the listings on realtor.ca. Contact me to find out what you can afford!... [email protected]| 613-334-5694

This sounds like such a fun experience! #supportlocal #princeedwardcounty

Have questions about buying a home? Maybe you're wondering about how to break in to the market? Or maybe you're curious about how to do it during a pandemic? Let's chat!... [email protected] | 613-334-5694

Fixed rates are based indirectly on the Government of Canada's bond yields. The Bank of Canada has said that they will continue with their quantitative easing program to keep rates low for borrowers, but due to a slight increase in bond yields in February, we have seen fixed rates rise by 20-30 basis points. Still at almost record lows. The Bank of Canada has maintained that they will keep the overnight rate at 0.25% until inflation reaches 2% which they aren't anticipating u...ntil 2023. This is good news for variable rate holders as their rates will continue to remain low. We have seen variable rates drop over the last few weeks. There are benefits to both the fixed and variable rate mortgage and it's an important conversation to have with your preferred mortgage professional. If you'd like to find out more, feel free to connect with me! [email protected] | 613-334-5694

Love my new piece from Wood & Wonder! Thanks for helping spruce up my office! #supportsmallbusinesses #woodandwonder

Don't forget! March 1st is the deadline for contributing to your RRSP to reduce your taxable income! RRSP's are also a great way to accelerate your down payment savings. Contact me for more info or if you'd like a recommendation for a local financial planner or accountant to assist you with your RRSP's! 613-334-5694 | [email protected]

A handy checklist if you’ve just purchased a new home!

One option to get mortgage-free faster is to switch your monthly payments to accelerated biweekly payments. You make half a monthly payment every two weeks, resulting in an additional full payment per year. Let's break it down: Let's say you have a mortgage amount of $200000 on a 5 year term with a rate at 1.94% and your mortgage is amortized over 25 years. Monthly payment = $841.13... Length of time to pay off mortgage = 25 years Accelerated biweekly payment = $420.57 Length of time to pay off mortgage = 22 years 7 months. Savings = $5509.67 over the life of the mortgage! Not only do you pay your mortgage off faster, but you also save in interest. 613-334-5694 | [email protected]

The Bank of Canada maintains the overnight rate at 0.25% stating Beyond the near term, the outlook for Canada is now stronger and more secure than in the October projection, thanks to earlier-than-expected availability of vaccines and significant ongoing policy stimulus. Read more below:

CREA is forecasting the national average home price to rise by 9.1% in 2021. This and more real estate projections for the year in the link!

I always find the New Year so refreshing and a great time for reflection. So, I've compiled a list of 5 things we can do to keep us motivated, inspired and to enjoy this new year, regardless of what it brings! #1 Do your thought work. Work through your negative thoughts and start to replace them with thoughts that serve you. #2 Practice self-compassion. Imagine always having your best friend, your biggest supporter with you?! #3 Visualize! Hold what you want in your minds eye... and dream big. #4 Find time for silent reflection or meditation. #5 Pay attention to the things you enjoy doing and do them more! BONUS! #6 Get financially savvy! Do you still rent? Mortgage rates are at an all time low, let's get you ready to own. Home prices rise every year, purchase now and start that investment. Do you own but have high interest debt on a credit card or line of credit? Let's consolidate and roll that on to your mortgage - put more money to principal and save on interest. Let's get you on the best start to the new year! Happy New Year everyone! [email protected]|613.334.5694

I love the Feed the Meter initiative! Free parking in Picton starts tomorrow, but if you feed the meter for the month of December all money collected will be going to the Food for Learning Programs in PEC.

Warmest wishes this holiday season! I hope you all find time to rest, spread joy and rejoice in this time of year. Even though we can't be with our people, let's make sure to reach out to all those we love. Happy Holidays!

If you have a moment, please vote for this amazing and local bakery. The cake donuts are !

Happy Thanksgiving from us at Moore Mortgage Services!

Couple new routes in PEC to help you get around!

The Bank of Canada maintained the overnight rate at 0.25%. Check out the article for more info on how Canada’s economy is fairing.