November 18, 2008
Government of Canada Announces Additional Support for Canadian Credit Markets
Toronto, November 12, 2008
The Honourable Jim Flaherty, Minister of Finance, today announced the Government will purchase up to an additional $50 billion of insured mortgage pools by the end of the fiscal year as part of its ongoing efforts to maintain the availability of longer-term credit in Canada.
This action will increase to $75 billion the maximum value of securities purchased through Canada Mortgage and Housing Corporation (CMHC) under this program.
“At a time of considerable uncertainty in global financial markets, this action will provide Canada’s financial institutions with significant and stable access to longer-term funding,” said Minister Flaherty. Read more
November 9, 2008
How much can you save on mortgage interest payment?
Your savings can be as much as tens of thousands of dollars in interest payment. It is also possible to pay off your mortgage in about one-third the time on your 30 years mortgage. The great news is that you achieve this result by making the same regular monthly mortgage payment on your 30 years mortgage.
How come you have not heard of this?
Most home owners are already using accelerated mortgage repayment plan to pay off their mortgage. But, until now, no one has provided them with a “mortgage repayment accelerator” program that they can effectively take control of their mortgage repayment.
Smart Mortgage Management
Most home owners are concerned about the mortgage interest rates they are paying. Good mortgage management goes far beyond getting a good rate. While most home owners are aware and express the desire to pay off their mortgages early, a more disciplined approach and active management of their mortgages can help them save thousands of dollars in mortgage interest payments.
You can email me for more details on how you too can pay off your mortgage in one-third the time,and save thousands of dollars in mortgage interest payment.