The Bank of Canada has once again decided to hold the prime lending rate at 1.75%. What this means for borrowers is that the prime rate used for most lenders is 3.95% in calculating adjustable/variable-rate mortgages. Contact me with questions or requests for more information. https://globalnews.ca/news/6445742/bank-of-canada-rate-announcement-jan-22-2020/
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Bank of Canada Holds Steady On Prime Lending Rate
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Common Mistakes People Make When Getting A Mortgage
Today, buying a house can be much easier than before, with the abundance of
financial options available through a Mortgage Broker. Although Banks do not, Mortgage Brokers do offer a variety of financial products to suit a broad range of homebuyer’s needs. However, without a thorough understanding of what these mortgages entail, you could deplete your finances quickly.
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Season’s Greetings from Keith Uthe Demystifying Mortgages
Keith Uthe Demystifying Mortgages wishes you the happiest of holidays this season. May the New Year be filled with joy, health, and prosperity!
My personal vision is that ‘Everyone shall live a life of abundance.’ With that in mind, let us start 2020 off on the right foot by scheduling your five-minute mortgage review with me. Five minutes of your time could save you thousands of dollars in mortgage interest and increase your financial abundance. In recent months, we have saved clients’ between $8,000 and $20,000 in mortgage interest. Wouldn’t it be great to add that money to your wealth rather than the banks’ wealth?
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Immediate Distribution
The federal election is over and it will be interesting to see over the coming months how this will affect the Canadian mortgage and real estate market.
Many agree that mortgage rules and related policy will not be a significant priority for the Liberal government during this term. However, they have made an election promise to increase eligibility of their recently introduced First Time Homebuyer Incentive plan to assist those in larger markets such as Vancouver and Toronto.
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Keith Uthe 2019 Real Estate Professional of the year award
Keith Uthe, Mortgage Broker and Certified Real Estate Investment Advisor in Calgary, Alberta is the winner of the 2019 Real Estate Professional of the Year Award and Finalist for the Michael Milenar Leadership award with the Real Estate Investment Network.
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Are Debt Problems Preventing You from Getting Ahead?
Debt is a familiar battle people are faced with today as they depend on credit to bridge almost every financial gap from buying groceries to purchasing a house and even getting an education. As a result, debt instruments like mortgages and credit cards have become a norm to improve living standards. This isn’t necessarily a bad thing, however, getting into debt without a financial plan or an exit strategy can eat away your savings and push you to the point of irreversible financial distress.
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Busted! Don’t Believe These Mortgage Myths!
If you’re considering purchasing a house or investing in real estate, chances are you need to obtain a mortgage to fulfill your dream. Your knowledge of the various mortgage products and lenders may be limited, which may make selecting the right option a little challenging.
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Keith in the Top 100 People in Real Estate Magazine
We are thrilled to announce the inclusion of Mr. Keith Uthe in the 2019 Top 100 People in Real Estate Magazine.
Keith is an independent mortgage specialist for Mortgage Alliance Enrich Mortgage Group in Canada. Keith assists clients with home lending and is also a certified real estate investment advisor, specializing in legal secondary suites.
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Why You Should Choose Keith Uthe Demystifying Mortgages!
Most home buyers understand that the path to home ownership is through a mortgage. However, to avoid the additional costs, many miss out on the opportunity to enlist the services of a mortgage advisor. Also known as an independent broker, these professionals simplify the mortgage process and take care of all the leg work involved.
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5 things you need to know when getting a new mortgage, renewing your mortgage, or switching lenders:
- The posted rate you see is not the best rate!
- Do your research – know what is available vs. what is being offered.
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Owner Spotlight: Keith Uthe
I’m Keith Uthe, the proud owner of Keith Uthe Demystifying Mortgages.
I look forward to sharing my story. I hope that you will enjoy getting to know me better.
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Announcing the new website
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New website under construction