Down to 1% Overnight!

Hi Everyone,

 

I will keep it quick.

 

The market is VERY STRONGLY in favour of those who want to buy right now. My parents just bought a new house, and my fiancé and mother in-law are getting pre-qualified this week to see what they can get their hands on.

 

More good news:

 

The Bank of Canada just announced their overnight lending rate will go down to 1%!!

 

Here is a table from the Bank of Canada that I pulled 10 minutes ago:

 

 

Source: http://www.bankofcanada.ca/en/monetary/target.html

 

This means that the BANKS get THEIR money for this amount, isn’t that incredible?

 

Naturally, this means that the lending institutions can provide you with lower rates on loans as well. I will show you just HOW LOW they are going as soon as I get the info.

 

You should all realize that THIS IS THE BEST TIME TO BUY REAL ESTATE in over 15 YEARS – maybe longer when I find out how low the lenders will go.

 

I was speaking to the Mortgage Development Manager from Scotiabank place and she was telling me about a FREE down payment option that they offer!

 

What this means is that in this incredible Buyers Market, with lending rates as low as they have ever been, there is now an opportunity to acquire some Real Estate with NOTHING DOWN.  I don’t know what else anyone could be waiting for….

 

I have many friends that are still renting right now and are paying anywhere from $800 to $1200 a month. Their main reason for not buying is that they can’t save for the down. If you can put together a few thousand dollars for closing costs, THAT’S ALL YOU NEED! Gather your savings, borrow from your family, put together some money from your job, get on Kijiji and sell that old stereo – whatever you need to do!

 

This is not a sales pitch.  If you don’t learn about this opportunity to buy Real Estate before its too late – you will regret it later on.

 

Don’t forget about the value of a Realtor in this market. If you are a Buyer – a Realtor is FREE – how? The Vendor pays the commissions. I will put together some information about just how valuable a GOOD Realtor can be.

 

Coming up:

 

The inside word on the FREE DOWN PAYMENT from the Mortgage Development Manage at Scotiabank, and a mortgage calculator so that you can figure out exactly HOW MUCH IT WOULD COST TO OWN.

 

What do you want to learn more about? Bankers, brokers, markets, houses, being pre-qualified, Realtors? ASK ME.

 

P.S. I’ve had a handful of people write me back about their New Years Resolutions. Excellent Work! I will put them all together and post them soon – you will never guess what the people around you are up to!

 

Cheers and Stay Tuned!