Michelle Lake
57 Kenneth Ave. L1G 5N3 Oshawa, ON, Canada

Self employed? Let me help with that! Give me a call...289-355-2274

Thinking about buying a home? Get pre-qualified today!!!

Come see me today from 10 - 2 at The Brick in Whitby. Enter our draw for a chance to win $500 towards any of your credit card debt!

I'll work hard to find the right mortgage for you!!!

Ill work hard to find the right mortgage for you!!!

Looking to buy a new home? Check out this property at 206 Lupin Dr., Whitby! Open house Sat and Sun from 2-4pm. I will be there with the listing agent, Mercedes Saunders in order to provide you with all your mortgage information and answer your questions. Hope to see you there!!! 289-355-2274 [email protected] michellelakemortgages.com

Unsure about the new mortgage rules or how much you can qualify for under the new guidelines? Call me to find out! 289-355-2274 michellelakemortgages.com

Thinking of purchasing, renovating, or just trying to consolidate your debt? Give me a call to discuss your options or apply online via my website. 289-355-2274 michellelakemortgages.com

No Change to Bank of Canada Rate The Bank of Canada announced today that it is holding the overnight rate steady, and indicated that they will be cautious in raising rates going forward. The Bank noted that consumer spending, business investment, and infrastructure spending are contributing to growth, but that export growth has slipped and the global outlook faces continued uncertainty due to geopolitical developments and trade policies. The Bank has therefore deemed that ...the current stance of monetary policy remains appropriate. Good news for homeowners with variable-rate mortgages and lines of credit. The next rate-setting day is January 17, 2018. IMPORTANT New Mortgage Rules Effective January 1, 2018. Purchase before year end if you have 20% downpayment, otherwise you may have to buy 20% less home! If you need to pay off large amounts of credit card debt, are thinking of a large renovation, or want to buy an investment property, you should also act before year end. These new mortgage rules will reduce your purchasing power and affect your ability to access your home equity. Get in touch ASAP to understand the changes and review your options! MICHELLE LAKE Mortgage Agent 289.355.2274 Brokerage #10428 See more

Bank of Canada increases benchmark rate The Bank of Canada announced today that it is increasing the overnight rate .25 per cent given stronger than expected economic improvements. This increase erases the two cuts the Bank implemented in 2015 in response to the effects of the oil price shock. The Bank noted that our economic growth is becoming more broad based and self-sustaining, and there is more widespread strength in business investment and exports. As a result, the Bank... deems that removal of some of the considerable monetary policy stimulus in place is warranted. The next rate-setting day is October 25. Homeowners with variable-rate mortgages will see their rate increase along with a possible modest payment increase. Lines of credit will be similarly affected. Get in touch if you have a variable-rate mortgage and have questions about your mortgage strategy and whether you should lock in or not. Or perhaps you need a new mortgage, are renewing, or are looking to improve cash flow by consolidating debt at lower-cost funds. You should have confidence in your mortgage plan. Its very important to work with an experienced professional who knows the right questions to ask to assess your situation and provide the direction you need to save money over the long term. Youll also save yourself a lot of time and stress!

Michelle Lake Mortgage Agent 289.355.2274 Your Home & Mortgage AFTER THE RATE HIKE... What's next?...Continue reading

I have a new website... michellelakemortgages.com

You want to get the most from your mortgage - now and in the years to come. As a professional Mortgage Consultant, I can do just that. From competitive rates to flexible options, Ill work with you to find solutions that suit your needs. With access to over 50 competing lenders - including major banks, credit unions, life insurance companies, trusts and other national and regional lenders, I have the tools to get you the best mortgage, with the features and rate that meet you...r needs, whether you are: purchasing your first or next home, or considering a vacation property; new to Canada; investing in property; considering a large renovation project; refinancing to boost monthly cash flow and save on interest costs; looking at options for your mortgage renewal; or, interested in repairing your credit so you can qualify for mortgage financing. My business is built primarily through referrals from satisfied customers, which means your positive mortgage experience is essential! It's worth a call to schedule a free, no obligation review of your situation. Because the right mortgage can build your wealth and save you thousands of dollars! I look forward to helping you achieve your dreams for homeownership.

Michelle Lake Mortgage Agent 289.355.2274 Your Home & Mortgage AFTER THE RATE HIKE... Whats next?...Continue reading