It's about a choice The BestRateGuys.com provides Canadian homeowners with access to the hundreds of mortgage products available through Canada's many banks, trusts, credit unions and Mortgage Companies. Typically our services are free of charge, AND YOU, our customers can select from the best mortgages, at the best rates, available in the marketplace! You should insist on expert advice AND professional service. A typical Financial Institution will provide you with information on the mortgage products THEY sell; while we will help you decide which Financial Institution, and which mortgage OFFER, is the best one for you.

It's about making the right decision More and more Canadians are discovering that the best mortgage decision they can make is to choose to work with us.

Take the next step now and contact us to ensure you receive expert and unbiased advice - and the professional service you deserve.

Start now. Apply online, in person or by phone @ 1.866.RATE.033 and let us help get you into the home of your dreams.

The BestRateGuys.com lowest rate guarantee is our commitment to find you the lowest possible Canadian fixed mortgage rate in terms of your situation. If we can't at least match an offer made another financial institution we will give you a $50.00 gift card just for giving us a try. Really, what have you got to loose? Call us today to discuss your mortgage options. See terms and details of $50.00 give away offer. Interested in learning more about mortgages? Subscribe to our news and articles blog on our website. This will give you up to date mortgage information brought directly to your email inbox.

Check Us Out on Social Networking Sites

Or Click to Call Us

Sincerest Regards,

Paul Smith

Mortgage Agent

VERICO Designer Mortgages

www.BestRateGuys.com

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There are many different reasons to renovate a home: to save energy (and save on utility bills), to make room for a growing family, to improve safety or increase the resale value of your home, or simply to bring a fresh new look to your home. There are also a number of different ways to finance your renovation. Read on to obtain information for a number of financing options, along with practical advice to consider before starting your renovation project.

Before You Begin

Whether you intend to finance your renovation yourself or borrow money, you should talk to a financial advisor and to your lender before you make firm plans. They can help you understand your options, and advise you on how much you can borrow and even pre-approve you for a loan. This information will help you plan realistically.

Explore Your Options

Your own resources: For smaller renovation projects, you may consider self-funding material costs, especially if you plan to do the work yourself.

Credit card: Likewise, you can use your credit card to pay for materials for smaller renovations. But be careful not to carry the balance for too long; credit card interest rates can exceed 18%.

Personal loan: With a personal loan, you pay regular payments of principal and interest for a set period, typically one to five years. You also have the option of a fixed or variable interest rate for the term of the loan. The interest rate on a personal loan is typically less than that of a credit card. Unlike a line of credit, once you pay off your loan you will have to reapply to borrow any new funds needed.

Personal line of credit: This is another popular choice for financing renovations. It is ideal for ongoing or long-term renovations since it lets you access your funds at any time and provides a monthly statement to help track expenses. A line of credit offers lower interest rates than credit cards, and charges interest only on funds used each month. And, as you pay off your balance, you can access remaining funds, up to the line of credit’s limit, without reapplying.

Secured lines of credit and home equity loans: These options offer all the advantages of regular lines of credit or loans, but are secured by your home’s equity. They can be very economical, since they offer preferred interest rates, however initial set-up costs including legal and appraisal fees usually apply. Lines of credit and home equity loans are usually limited to 80% of your home’s value. With CMHC insured financing, lenders may offer borrowers who qualify the option of making interest-only payments for the first five or 10 years.

Mortgage refinancing: When funding major renovations, refinancing your mortgage lets you spread repayment over a long period at mortgage interest rates, which are usually much lower than credit card or personal loan rates. This type of financing can allow you to borrow up to 80% of your home’s appraised value (less any outstanding mortgage balance). Initial set-up costs including legal and appraisal fees may apply. If you need to tap into more of the equity in your home, loans of up to 90% of your home’s value can also be provided when insured by CMHC Mortgage Loan Insurance.

Financing improvements upon-purchase: If you’re planning major improvements for a home you’re about to purchase, it may be advantageous to finance the renovations at the time of purchase by adding their estimated costs to your mortgage. CMHC Mortgage Loan Insurance can help you obtain financing for both the purchase of your home and the renovations — up to 95% of the value after renovations — with a minimum down payment of 5%.

Other Considerations and Options

Planning for the Unforeseen

It’s a good idea to set aside a percentage of your renovation funds to cover items not included in your renovation contract, for things you discover you’d like to add once work is under way, like extra or upgraded features, furniture, appliances and window coverings or for contingency. A separate fund lets you make decisions easily, without having to renegotiate your financial arrangements or reapply for new funds.

Grants and Rebates for Energy-Saving Renovations

Across Canada, renovation grants and rebates are available from the federal and provincial governments and local utilities, especially for energy-saving renovations. If you qualify, they may help pay for some of your project’s costs.

• CMHC Mortgage Loan Insurance for Energy-Efficient Homes: 10% CMHC mortgage loan insurance premium refund and extended amortization periods without surcharge.
• ecoENERGY Retrofit — Homes: grants of up to $5,000 to offset the cost of making energy-efficiency improvements.
• Provincial and Municipal Entities Offering Grants and Incentives
• Rebates and Incentives for Selected ENERGY STAR^® Qualified Products in Canada

It's about a choice The BestRateGuys.com provides Canadian homeowners with access to the hundreds of mortgage products available through Canada's many banks, trusts, credit unions and Mortgage Companies. Typically our services are free of charge, AND YOU, our customers can select from the best mortgages, at the best rates, available in the marketplace! You should insist on expert advice AND professional service. A typical Financial Institution will provide you with information on the mortgage products THEY sell; while we will help you decide which Financial Institution, and which mortgage OFFER, is the best one for you.

It's about making the right decision More and more Canadians are discovering that the best mortgage decision they can make is to choose to work with us.

Take the next step now and contact us to ensure you receive expert and unbiased advice - and the professional service you deserve.

Start now. Apply online, in person or by phone @ 1.866.RATE.033 and let us help get you into the home of your dreams.

The BestRateGuys.com lowest rate guarantee is our commitment to find you the lowest possible Canadian fixed mortgage rate in terms of your situation. If we can't at least match an offer made another financial institution we will give you a $50.00 gift card just for giving us a try. Really, what have you got to loose? Call us today to discuss your mortgage options. See terms and details of $50.00 give away offer. Interested in learning more about mortgages? Subscribe to our news and articles blog on our website. This will give you up to date mortgage information brought directly to your email inbox.

Check Us Out on Social Networking Sites

Or Click to Call Us

Sincerest Regards,

Paul Smith

Mortgage Agent

VERICO Designer Mortgages

www.BestRateGuys.com

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Not everyone’s financial situation is the same, that’s why The BestRateGuys.com works with many lenders across Canada and CMHC to provide many different financing options.  Hereunder is a list of options available and the guidelines that the lender and CMHC look for when underwriting the mortgage.

Purchase Enables homebuyers to purchase a home with a minimum down payment of 5 per cent. Apply now.

Portability
Allows borrowers to port the CMHC Mortgage Loan Insurance from an existing home to a new home and in some cases save money by reducing or eliminating the premium on the financing of the new home. Apply now.

Refinance
Allows borrowers to refinance their mortgage and use the money for any purpose other than default management. Apply now.

Improvement
Offers greater choice to borrowers who are building new homes or who want to undertake small or large scale improvements to existing homes. Apply now.

Line of Credit
Provides borrowers with more flexible repayment options than traditional mortgages. Apply now.

Self-Employed
Allows self-employed borrowers, with or without traditional forms of income verification, to realize their dreams of homeownership. Apply now.

Newcomer
Provides newcomers to Canada, with permanent or non-permanent residence status, access,to CMHC mortgage loan insurance products through Approved Lenders. Apply now.

Green Home
Provides mortgage loan insurance for the purchase of an energy-efficient home or to make energy-efficient improvements to an existing home. Borrowers may be eligible for extended amortization without a premium surcharge and a 10 per cent mortgage insurance premium refund. Apply now.

Second Home
Gives borrowers with high ratio financing a chance to buy or refinance a second home using any CMHC homeowner product, without additional underwriting restrictions or premiums. Apply now.

Income Property
Provides investors with more housing finance choice when buying or refinancing a 1 – 4 unit rental property. Apply now.

It's about a choice The BestRateGuys.com provides Canadian homeowners with access to the hundreds of mortgage products available through Canada's many banks, trusts, credit unions and Mortgage Companies. Typically our services are free of charge, AND YOU, our customers can select from the best mortgages, at the best rates, available in the marketplace! You should insist on expert advice AND professional service. A typical Financial Institution will provide you with information on the mortgage products THEY sell; while we will help you decide which Financial Institution, and which mortgage OFFER, is the best one for you.

It's about making the right decision More and more Canadians are discovering that the best mortgage decision they can make is to choose to work with us.

Take the next step now and contact us to ensure you receive expert and unbiased advice - and the professional service you deserve.

Start now. Apply online, in person or by phone @ 1.866.RATE.033 and let us help get you into the home of your dreams.

The BestRateGuys.com lowest rate guarantee is our commitment to find you the lowest possible Canadian fixed mortgage rate in terms of your situation. If we can't at least match an offer made another financial institution we will give you a $50.00 gift card just for giving us a try. Really, what have you got to loose? Call us today to discuss your mortgage options. See terms and details of $50.00 give away offer. Interested in learning more about mortgages? Subscribe to our news and articles blog on our website. This will give you up to date mortgage information brought directly to your email inbox.

Check Us Out on Social Networking Sites

Or Click to Call Us

Sincerest Regards,

Paul Smith

Mortgage Agent

VERICO Designer Mortgages

www.BestRateGuys.com

FSCO Licence M09000027

$500 cash back towards legal’s/closing costs

 Free up some cash with the existing equity in your home.  Pay off some high interest credit card debt or take that much needed vacation.  The BestRateGuys.com team can combine all of your payment into 1 manageable convenient payment.

90% refinance available until March 18th.

Submit your deals today!

What have you got to lose?  If you are paying more than 3.84% we can save you money.  With access to over 50 lender across Canada guarantee to find you the LOWEST Canadian fixed mortgage rate, or we give you $50 just for applying.

Contact the BestRateGuys.com Today!

1.866.728.3033

Offer Details & Terms

Limited time offer

Rates subject to change without notice

Offer can be withdrawn at anytime without notice

Cash back delivered to borrower at closing

It's about a choice The BestRateGuys.com provides Canadian homeowners with access to the hundreds of mortgage products available through Canada's many banks, trusts, credit unions and Mortgage Companies. Typically our services are free of charge, AND YOU, our customers can select from the best mortgages, at the best rates, available in the marketplace! You should insist on expert advice AND professional service. A typical Financial Institution will provide you with information on the mortgage products THEY sell; while we will help you decide which Financial Institution, and which mortgage OFFER, is the best one for you.

It's about making the right decision More and more Canadians are discovering that the best mortgage decision they can make is to choose to work with us.

Take the next step now and contact us to ensure you receive expert and unbiased advice - and the professional service you deserve.

Start now. Apply online, in person or by phone @ 1.866.RATE.033 and let us help get you into the home of your dreams.

The BestRateGuys.com lowest rate guarantee is our commitment to find you the lowest possible Canadian fixed mortgage rate in terms of your situation. If we can't at least match an offer made another financial institution we will give you a $50.00 gift card just for giving us a try. Really, what have you got to loose? Call us today to discuss your mortgage options. See terms and details of $50.00 give away offer. Interested in learning more about mortgages? Subscribe to our news and articles blog on our website. This will give you up to date mortgage information brought directly to your email inbox.

Check Us Out on Social Networking Sites

Or Click to Call Us

Sincerest Regards,

Paul Smith

Mortgage Agent

VERICO Designer Mortgages

www.BestRateGuys.com

FSCO Licence M09000027

Start paying off high interest debt.

Let us show you how to use the equity you’ve already built in your home to pay off high interest credit card debt, and loans or help pay for your children’s education college or university education.

Don’t wait to make your dreams come true.

Are you considering a new car, a pool or maybe renovating your home. Let us show you how easy and economical it is to make some of those dreams come true while still being financially prudent.

Pay off your mortgage sooner.

If your goal is to pay off your home sooner…let us show you how!

By using The BestRteGuys.com team you can be confident that we will help you find the right financial solution to meet your specific needs.

Don’t wait. Contact us online, in person or by phone and let us help you achieve your financial dreams and goals…the timing has never been better!

Take the next step now and contact us to ensure you receive expert and unbiased advice - and the professional service you deserve.

Start now. Contact us online, in person or by phone or apply online and let us help get you into the home of your dreams.

Looking to pay off some credit card debt, or perhaps complete those much needed renovations.  The BestRateGuys.com team can help you free up some cash with the equity in your home.  We can refinance you existing mortgage up to 85% of the value of your home to get you cash.  We are now offering a 5-year fixed rate of only 3.69%.  If that wasn’t enough we also cover the cost of your appraisal and your legal fees.  What have you got to loose, call today 1-866-728-3033.

During the holidays it is likely that you may have spent a little more than you should have.  Just like the rest of us, you are probably stuck with large credit card bills that will take you forever to pay off.  It can be a struggle to make your minimum payments as it is, plus with high interest rates ranging from 18% -29% it may seem like you may never clear your debt. 

A great solution is to consolidate all of your debt into your mortgage payment.  The BestRateGuys.com team can arrange a mortgage that can include all of your credit card debt with one low monthly payment.  We are currently offering a great 5-year rate for only 4.04%, which is certainly a lot lower than any credit card interest rate.  Plus, to make the deal even better, we are covering your legal fees.  That in itself is a savings of $1000.00 or more!

Let’s take a look at an example of what you might be paying now, and what you could be paying by contacting The BestRateGuys.com team to consolidate all of your debt and mortgage into one low monthly payment:

• Credit Card and Other Debt of $15,000.00 - Minimum Payment of $450
• Mortgage for $120,00.00 @ 4.04% (25 year amortization) - Monthly Payment of $636.06
• Total Monthly Payment of $1,086.06
• New Mortgage with BestRateGuys.com of $135000.00 @ 4.04% Monthly Payment of $715.56
• That is a total savings of $370.50 per month, or $22,230.00 over 5 years

Take a look at the numbers above and see for yourself, we can save you money.  Contact us now and we can see what kind of savings that we can offer you!  We are available 7 days a week, call us toll-free @ 1-866-728-3033.  You can also apply immediately online to get the process started, why wait, start saving money today!  We are Hamilton’s mortgage specialists.  Also service the Greater Toronto and Halton area.

Whether you are looking to negotiate your existing mortgage or are a first-time home buyer The BestRateGuys.com team is here to help.  We are currently offering a five year fixed rate for only 3.99%.  Contact us today to secure this fantastic rate.  Good deals in life do not come around often, but when they do you should act fast.  Apply online to begin the process or contact us toll-free @ 1-866-RATE-033.  We are currently serving the Greater Toronto and Hamilton area with all of your mortgage financing needs.

Canadians are getting better at managing their consumer debt: consolidating their credit cards, keeping up with their monthly payments, and transferring their debts to lower-income vehicles like lines of credit.

However, an inaugural quarterly survey by credit agency TransUnion, released Tuesday, shows that overall debt levels continue to rise even as Canada slowly emerges from the 2009 recession. Canadians carried an average household debt of C$25,163 excluding mortgage debt, in the third quarter of 2010, up 4.3% from a year ago. Still, TransUnion said the pace of growth has slowed significantly from the double-digit increases posted during the economic slump.

“The trends are saying that we are seeing some moderate improvement,” Thomas Higgins, the vice president of analytics and decisioning for TransUnion’s Canadian office, said in an interview. “Canadians are starting to come out of the recession and are proactively managing their credit.”

He said the survey, which measured how 24.8 million Canadians use credit, found that Canadians are carrying fewer credit cards and doing a better job of keeping up with their payments. Among the most significant findings was that past-due balances have dropped 15% in the third quarter from a year earlier, which was the recession’s nadir.

Moreover, the number of delinquent credit accounts has dropped to 88 in the third quarter of 2010 on an index where 100 was the level in the year-ago quarter.

“This is an early indication, but hopefully a sign of what’s to come,” Higgins said. While derogatory accounts–or those that have entered foreclosure, repossession, bankruptcy or write-off–rose to an indexed 124 in the latest quarter, he noted this is a lagging indicator that reflects the economic conditions of a year earlier. An account becomes delinquent after it is between 90 to 120 days past due, but becomes derogatory after several payments are missed.

Higgins noted that changes in the country’s economic conditions don’t seem to have an immediate impact on consumer credit trends, but do influence where consumers hold that debt. For example, as interest rates have fallen over the past few years, consumers have reduced their credit-card debt and increased the balances in lower-interest lines of credit, installment loans or revolving loans. In fact, debt held in revolving accounts rose 17.5% in the quarter.

Many Canadians use their credit cards to earn the loyalty points tied to the account, Higgins said, then move the balance to a lower-interest vehicle like a line of credit where the payments are more flexible in order to pay off the balance more slowly.

The popularity of card rewards has also contributed to the increase in short-term credit-card debt, he noted. Canadians held an average aggregate balance of C$3,709 on their credit cards in the third quarter, which is down from a peak of C$3,772 a year earlier, but up from C$3,614 in the second quarter.

Still, the number of active credit cards fell 3.5% in the third quarter, the fourth consecutive quarterly decrease, TransUnion found. The average Canadian credit-card consumer now holds 1.75 cards, down from a high of 1.9 cards in the first quarter of 2009.

“That indicates consumers are really trying to proactively manage and bring their credit into line,” Higgins said.

Do you have a lot of credit card debt?  Contact us today, we can arrange a home equity loan or refinance your existing mortgage to include all of  your credit card debt.  If you are sick of paying 18% or more in interest on several credit cards apply now, we can help.

Have any questions about budgeting or mortgage solutions, contact us toll free @ 1-866-728-3033.  The BestRateGuys.com team can find a solution that is tailored to your needs.

Source: The Wall Street Journal