Matthew Leslie Mortgage Broker Associate
5303 91 street 2nd floor t6e 6e2 Edmonton, AB, Canada

Is your Mortgage up for renewal within the next couple years? If so, now's a great time for a FREE MORTGAGE EVALUATION. Bond yields have steadily increased for the last month which has lead to one substantial increase in rates with more forecasted in the near future. Give me a shout with any questions or if you're curious if you could capitalize on the low rates while they're still here. #mortgage #interestrates #freemortgageevaluation https://www.canadianmortgagetrends.com//the-latest-in-mor/

Now is a great time for a free mortgage evaluation to see if you could capitalize on the current low rates. Confirmation of both insured and uninsured mortgages having to qualify at 5.25%, up from 4.79% starting June 1. This could be another sign pointing to more increases in rates on the horizon. Especially with the rapid increase we're seeing in vaccinations, bringing us closer to the easing of restrictions which will lead to a boost of confidence in our economy. Give me a shout if you're curious in seeing how your current mortgage scenario stacks up with what it could look like at a lower rate. https://www.canadianmortgagetrends.com//insured-and-unins/

Great time for a Free Mortgage Evaluation. Contact me for more info. "Good news on the pandemic front inevitably means higher mortgage rates in 2022-23--if not sooner." Further insight from Dominion Lending Centre's Chief Economist, Sherry Cooper, on the recent increases to the 5 Year Canada Bond and it's impact to fixed mortgage rates.... https://mailchi.mp//market-interest-rates-are-rising-almos

Big jump in the Canada 5 year Government Bond over the last few days which has already caused increases to fixed rates. Forecast pointing towards fixed rates looking a lot different in a years time. If you have any questions about your current mortgage and if you could capitalize while rates are still low, I'd be more than happy to help in any way I can. https://www.marketwatch.com/investing/bond/tmbmkca-05y

Great news for variable rate mortgage holders and anyone else looking to buy a home over the next couple years. https://dominionlending.ca//bank-of-canada-still-expects-n

https://www.mortgagebrokernews.ca//boc-stands-by-0-25-rate

https://www.reuters.com//bank-of-canada-micro-rate-cut-bet

It's not rare to find errors on your credit bureau or to have accounts on there that haven't been updated properly. If you're considering applying for a mortgage even if it could be a year or two from now take advantage of you yearly free copy of your credit bureau. It could save you a lot of time and hassle in the long run. Links are in this article. https://dominionlending.ca//how-to-get-a-free-copy-of-you/

The BOC's decision to not raise interest rates yesterday seems to be heavily impacted by the drop in oil prices. I think it's an understatement to say there isn't a lot of confidence on this side of the country that that will turn around anytime soon. Sounds like we could see even less rate hikes this year than previously predicted which makes the current record low variable rates even more attractive. We still have a 5 year Variable Rate Mortgage @ Prime -1.20% available so spread the good word! It probably won't be around for too much longer. #interestrates #fixedvsvariable #prime https://www.mortgagebrokernews.ca//bank-of-canada-announce

Bank of Canada keeps the overnight target rate at 1.75%. Good news for variable rate mortgage holders as the projected rate increases for next year has dropped from 3 to 2. Still have Prime -1.20% available for insured purchases and transfers as well. A deal that just became increasingly unbeatable with the changes in this upcoming years interest rate forecast. https://mailchi.mp/dominionlending/e3es7zpv71-405299

We've seen stricter guidelines from lenders towards credit scores lately which has made the little things you do with your credit that much more important. Here's a great article on 7 simple tips to help maximize your credit score. https://dominionlending.ca//7-sure-fire-ways-to-grow-your/

5 year 2.75% (Prime-1.20%) insured mortgage is still available folks!!!! Very interesting #fixedvsvariable article. 5 year bond yield is what dictates fixed rates and we've seen a dramatic dip in this rate recently yet we haven't seen lenders decrease many fixed rates. The overall decision on whether to go fixed or variable depends on each individual scenario but for the majority of mortgage holders the current rate market is definitely showing variable as the way to go. https://www.theglobeandmail.com//article-bank-of-canada-m/

Check out and share my mortgage app if you know anyone shopping for a mortgage!!! Equipped with some great calculators for mortgage payments, closing costs, current rates, available rebates, and access to contact myself directly through the app. https://www.dlcapp.ca/app/matthew-leslie

Bank of Canada keeps the overnight target rate at 1.75%. Good news for variable rate mortgage holders as the projected rate increases for next year has dropped from 3 to 2. Still have Prime -1.20% available for insured purchases and transfers as well. A deal that just became increasingly unbeatable with the changes in this upcoming years interest rate forecast. https://mailchi.mp/dominionlending/e3es7zpv71-405299

Very well written article on the fixed vs. variable debate. Considering we're all qualifying for a mortgage at 5.34% or higher a variable rate mortgage should be affordable for everyone even with the forecast of a few more rate hikes in the next year and a bit. Another important aspect to consider is variable rate mortgages come with much lower payout penalties which are incurred by 6/10 mortgage holders. Talk to a Mortgage Broker that has your best interests as their first priority and you'll find that for the majority of people variable is the way to go. https://dominionlending.ca//variable-rate-to-lock-in-or-n/

LIMITED TIME RATE SPECIAL - PRIME -1.20%!! (2.75%) 5 YR VARIABLE MORTGAGE. 0.50% lower than the banks. The debate between fixed vs. variable just became one sided. Contact me for details and to create a plan to pay down your mortgage ASAP. Spread the good word!!! Available to insured purchases and transfers.

Great read for those fixed rate mortgage holders. 60% of people break their 5 year mortgage 3 years into it. Being aware of the different types of mortgages and how the payout penalties are calculated can save you a shocking amount of money. A broker can ensure you have the most flexible product with great rates to boot. https://lnkd.in/gWMsaE5

Great read on how a Mortgage Broker can help provide advice with your best interests as their top priority. Would your bank tell you if there was a better mortgage product available elsewhere? A good Mortgage Broker would, it's what we do. https://dominionlending.ca//what-to-look-for-in-a-mortgag/

Bank of Canada leaves it's interest rate as is.....for now. NAFTA trade talks seem to be a big factor on whether or not we'll see a rate hike at the next meeting in October. https://www.mortgagebrokernews.ca//bank-of-canada-makes-in

Good quick read on how to build and improve your credit score. https://dominionlending.ca//7-sure-fire-ways-to-grow-your/

Rates aren't the only thing to consider when getting a mortgage. This is an awesome article on how lenders differ in just a couple areas. Do you know which lender your bank falls under? (It's not #3). A Mortgage Broker is on your side and will make sure your mortgage is flexible and customized to your specific needs. https://dominionlending.ca//how-to-navigate-the-mortgage-/

https://www.bankofcanada.ca//07/fad-press-release-2018-07/

This is why you should shop around for your mortgage with a Mortgage Broker. The penalties for a fixed rate product between a monoline lender and a major bank's is laughable. $29,340 penalty is absurd and a good Mortgage Broker would never put a client in a Mortgage like this. There's better products out there and more often than not the rate is the same if not better. http://montrealgazette.com//class-action-suit-filed-agains

Spread the good word, 5 year variable mortgage @ 2.36%. The prime -1.09% is the biggest spread we've ever seen. As Of Midnight last night most of the big banks discontinued their "special" of 1% discount on the variable rate mortgages. Well guess what it wasn't that special after all, for the month of June the Brokers for Life Team will all be offering clients Prime minus 1.09% on a Variable rate mortgage, currently 2.36% clients must qualify and the mortgage must be insured. This will also come with 90 day rate hold and is available for Purchases,Transfers and Purchase plus improvements.

As predicted the Bank of Canada kept it's overnight rate at 1.25% keeping the Prime Rate at 3.45%. The chances of an increase in July went from 53% to 62% after the decision this morning. https://www.bnnbloomberg.ca/bank-of-canada-holds-benchmark-

Another decision on the Bank of Canada overnight target rate is set for Wednesday. According to the 26 of 29 Economists polled think it will stay put at 1.25%. They're still calling for 2 more .25% increases before the end of the year with the first to likely come in July. https://www.nasdaq.com//cautious-on-trade-and-debt-bank-of

Would your bank tell you if there was a better mortgage product elsewhere? (There usually is). Mortgage Brokers work for you, not the bank. "It was nice to work with someone who is rooting for you and fighting for you along the way" https://dominionlending.ca//why-we-chose-a-dlc-mortgage-b/

With current 5 year fixed rates ranging from 3.34%+ and variable rates as low as 2.36% (Prime -1.09%) it's definitely worth having the conversation about whether or not a variable rate mortgage is right for you. Whether you're purchasing or you have a renewal coming up make sure you have an expert you trust shop around for you and explore all options before making the decision. Call or message me with any questions, I'm here to help. https://dominionlending.ca//a-few-reasons-why-you-should-/

Not a big surprise. Bank of Canada Qualifying Rate has increased from 5.14% to 5.34%.All insured mortgages have to qualify at this rate and uninsured the higher of this rate or the contract rate +2%. Curious how this effects you? Give me a shout, I'm here to help. https://www.bnnbloomberg.ca/bank-of-canada-raises-conventio

Couple more big banks increased their fixed posted rates. 2 important things to take away from it. Their payout penalties will be even higher and if you're looking at buying in the near future or have a renewal coming up, lock something in ASAP. A good Mortgage Broker will find you a mortgage with lower penalties and lower rates. It's a win win! https://www.canadianmortgagetrends.com//big-bank-mortgage/

An early sign that we could see fixed rates increase yet once again. If you're thinking of buying and don't have a pre-approval it's likely a good idea to get one just in case. If you have a renewal coming up within the next 120 days lock in ASAP. https://www.bnn.ca/biggest-move-in-years-td-lifts-5-year-fi

Mortgage renewal season is upon us and with almost 50% of all mortgage terms maturing in 2018 this is a great read. Having a trusted mortgage broker shop around for you will save you money and give you piece of mind and it doesn't cost you a thing. https://dominionlending.ca/n/8-things-can-get-best-renewal/

Great insight on the factors that went in to the Bank of Canada's decision to not increase interest rates yesterday. A quote that sums up where the economy sits at the moment "the economy's still unable to continue running at full tilt without the stimulative power of lower rates". More rate hikes are still looking and we also saw fixed rates increase again earlier this week. https://m.mortgagebrokernews.ca//a-question-of-when-not-if

Bank Of Canada maintains the overnight target rate at 1.25% leaving lenders prime rates where they are for now. DLC Chief Economist Dr. Sherry Cooper is still predicting to .25% rate increases before the end of the year. If you're thinking about buying a home in the next year and are wondering how this could effect which mortgage product is right for you I'd be more than happy to help. https://mailchi.mp/dominionlending/e3es7zpv71-402133

Don't know how your mortgages payout penalty is calculated? This shows you how the penalties differ from major banks and some credit unions vs. monoline lenders and other credit unions. $12,600 difference in this example. Having an expert in your corner working for you and not the bank is something everyone should consider. https://dominionlending.ca//breaking-a-mortgage-can-you-d/

60% of people break their mortgage before term maturity. Here's some of the reasons why it happens. How is the payout penalty calculated on your mortgage? Not knowing the answer could cost you more than you'd expect. https://dominionlending.ca//9-reasons-people-break-mortga/

The interest rate isn't the only important factor to consider when getting a mortgage. How the payout penalty is calculated along with these three aspects of the mortgage can be equally if not more important to know the details of before choosing your lender and product. A good mortgage broker will make sure every aspect of the mortgage suits your specific situation. https://dominionlending.ca/news/3-mortgage-terms-need-know/

If you or someone you know has a mortgage renewal this year this is a must read. We've got some great rate specials with a few lenders and if the mortgage began before December 2016 you can get a break on the qualifying #'s increasing your chances of being able to shop around for the best rate & product. Pass the info along as it could save someone a lot of money. https://dominionlending.ca/news/need-know-renew-mortgage/

Bank Of Canada holds key rate at 1.25%. Good news for those with mortgages tied the prime rate which will stay put at 3.45%. Next decision will be made in April. https://www.bnn.ca/bank-of-canada-holds-key-rate-at-1-25-as

When purchasing a home and getting the mortgage from a major bank it's very important to know how they're registering the property on title. If a Home Equity Line Of Credit isn't part of the deal or securing a loan to the home isn't planned for in the future having it registered as a collateral mortgage can handcuff you when it comes time for your renewal. https://dominionlending.ca/n/what-is-a-collateral-mortgage/

Before pulling the trigger on one of the biggest purchases you'll make why not sit down with an expert who's in your corner and has your best interests as their first priority about whether or not you're ready for that next big step. A Mortgage Broker works for you not the bank so their only goal is to find a mortgage that fits your specific needs. https://dominionlending.ca//4-signs-youre-ready-homeowner/

Good quick read on the differences between the different types of lenders a mortgage broker has access to. Big banks, credit unions, monoline lenders, and private lenders. Your trusted mortgage broker will ask you the right questions to match your unique situation and financial goals with the lender that will most likely help you achieve those goals and save the most money in the process. https://dominionlending.ca/n/which-lender-is-right-for-you/

A mortgage broker has access to major banks and credit unions giving clients the best of both worlds due to the ability of the two to lend with different guidelines. Your qualifying amount could be different from one to the other which could be the difference of qualifying for that perfect home after the recent changes to the B-20 guidelines. https://dominionlending.ca//bank-vs-credit-union-borrowing/

Great read if you're in a variable rate mortgage. https://dominionlending.ca/news/variable-rate-mortgage/

When is your mortgage up for renewal? This is one of the best reads out there to know why having a trusted mortgage broker shop around for you at renewal can save you thousands of $$$ and why the interest rate isn't the be all end all of your mortgage. https://dominionlending.ca/n/8-things-can-get-best-renewal/

5 yr fixed @ 2.79% was available just before Christmas and since then we've seen fixed rates increase nearly .50%. The Canada 5 Year Bond Yield continues to hover above the 2% mark meaning that 5 year fixed rates will continue to rise. If you have a renewal within the next 120 days have a mortgage broker shop around for you NOW so you can ensure you're locking into the best available product before rates increase again. If you have a renewal anytime in 2018 or 2019 it's a great time to have the conversation about if you could save money by taking advantage of the rates available now before they continue to steadily climb. https://dominionlending.ca/news/get-ahead-rate-train/

Too many times I've seen people miss out on opportunities to put themselves in a better financial situation but end up being handcuffed by the payout penalty with their big bank mortgage. The flexibility of the terms of a mortgage can easily outweigh the benefits of a small discount in the interest rate and the majority of the time there are opportunities available for a great rate with the flexibility you may end up needing. A trustworthy mortgage broker will find the right mortgage product that fits your current situation and future financial/life goals. https://dominionlending.ca//9-reasons-people-break-mortga/