I thank  god everday for the miricales that are my children.  Without them life would not be complete.

Thank you for the very best Mothers Day – great food, good drink, friends and family surrounding us all with such love, laughter and happiness.  I could not be more proud or thankful  to be a your mother, you truly are gifts from heaven.

Thank you Karri and Korri for adding so much happiness to my life.

The 10 year term fixed rate mortgage below 4% provides a you the borrower, with the ultimate long term rate. A decision to take a 10 year fixed should be made according to your risk profile and your short term mortgage needs. By taking a 10 year fixed a borrower is paying about a 0.50% premium today compared to a fixed 5 year at 3.49% for the long term rate security of 3.99%. It’s just like hedging your bets.

Some Features Of The 10 Year To Keep In Mind

• According to Canadian law the maximum penalty that can be charged after the 5th anniversary of the mortgage is only 3 months interest. Before the 5th anniversary it’s the standard “greater of 3 months interest or interest rate differential” clause.
• Depending on your lender a 10 year term mortgage is portable to a new property if you decide to move. Most lenders will also allow you to blend your mortgage if you require additional funds.
• Most lenders will also allow your mortgage to be assumable, meaning that a purchaser of your home can assume your current mortgage. This might be very attractive in the future when rates go up.

I had written introspective feelings and insight and deleted it all in favour of:

Good words from a popular tune:

“Don’t Worry! – Be Happy!”

You know life just is…so choose to be good to yourself!

Kiss your dog and then go do something wonderful!

Some lawyer friends have mentioned that they are seeing a trend by people waiting too long to arrange for a mortgage and racking up huge expensive fees on closing because the money is not available. There was a time when lending practices were less stringent and you could get a mortgage approval on a hand shake. Now the government has tightened up, bank lending practises have changed; the mortgage insurers must follow rules and regulations.

Mortgages are very complex, all lenders have their own specific criteria you have to meet, and various levels of approvals and documentation have to be obtained. The original application is not enough, nothing is final until the Final Papers are signed and this should be done long before closing. It typically takes one full month from start to completion. It is nearly impossible for changes to be made once the application is in process, even minor changes may require the entire approval process to start over. You need to make sure everything is done on a time line.

Don’t expose yourself to additional costs, let me help you get your mortgage, refinance or consolidation in place.