06 July 2010

First time home buyers in Canada that acquire a qualifying home after January 27 2009 can claim a 15% non-refundable tax credit up to $5000 for a total maximum credit of $750.00 If a home is jointly purchased the total credit that may be claimed by all purchasers is $750.00 The unused portion of the credit can be transferred to a spouse or common-law partner. First time homebuyers can apply for this credit directly though their accountant.

10 June 2010

Variable Rate and Fixed Rate Mortgage Together

A Combination Mortgage loan is a new mortgage product that is half variable mortgage and half fixed rate mortgage. The mortgage is registered as one mortgage loan against the home but they actually have two interest rate settings.  Thy operate independently of each other so you can choose to make pre-payments on the fixed portion or you can choose to pay down the variable rate mortgage more assertively. This is considered a blended effective rate mortgage with a purpose to save on the variable rate side of the mortgage and get security on the fixed part of the term. The theory is to use this product to hedge against rising interest rates. If the bank prime rate goes up only then only half of your mortgage portfolio is exposed. This is best for clients who are unsure whether to go with a variable or fixed mortgage. This product eliminates the biggest dilemma facing mortgage borrows in today’s economy. Call our office to find out if this mortgage loan product is right for you.

31 May 2010

Thank you so very much for your overwhelming response to our survey. Below are the final results and the winner is.....

98 Completed Mortgage Survey Questions 99% of our mortgage clients that responded said they would use our mortgage financing services again

99% would introduce us to friends, family and co-workers.

84% said we exceeded their expectations. This was a funny question because we had these types of responses when someone said we "did not" exceed their expectations...:

"The "no" is not meant to say your office did anything wrong, you met my expectations (as you have done in the past, hence our return to the Dreyer Group Mortgages)"

and "You were referred to me as the best so you didn't exceed expectations." Interesting how responses are depending on the positioning of the questions.  That being said though we did have some very positive constructive feedback and we will be addressing ways to ensure we exceed all of our clients expectations moving forward. Our goal is to make getting a mortgage with Dreyer Group so wonderful clients tell the world about using our services! Congratulations to Jonathan Chau who completed our mortgage survey and is the winner of the  $50.00 gift certificate for Onyx Steakhouse and Lounge. We will be mailing that off to you this week Jonathan. Hope you have a wonderful meal! Thank you for your continued support! See below for a few of our client responses. It is always a privileged to serve our clients their family and friends.  

Dreyer Group Mortgages Survey Responses

 Quick, helpful and knowledgeable service. Your brokers know their products.

I was new to the mortgage world and appreciated being able to rely on someone for assistance. I also love the updates on mortgage changes and newsletters.

I tell any one I know how great you are and how much you have done for us. Even though I tell people about you, I think everyone is stuck in their ways and think they already have the best deal. I do try to send people your way when I can but it is hard to make people listen to you!

Great service. 

Your staff were fantastic and so helpful. I got all the information I needed very quickly and very professionally.

My expectations were to get a mortgage at a fair rate in an appropriate amount of time with someone who was knowledgeable, friendly and accommodating. We got exactly that, it was a convenient, hassle free experience with no hitches.

We appreciate you getting us a better rate for our mortgage and making it work for us.

I FELT THAT YOUR CUSTOMER SERVICE FAR EXCEEDED OUR EXPECTATIONS, AND YOU CONTINUE TO SURPRISE...WITH THE BIRTHDAY CARD ETC... NICE TOUCH AND WE WILL ABSOLUTELY RECOMMEND YOUR SERVICES TO EVERY ONE WE KNOW.... THANKS AGAIN 

I have been very happy with all of the services you have offered thus far and would definitely recommend to others.

I live in Kamloops now - I used to live in Surrey when I first used the Dreyer Group's services. I was quite happy that even living 4 hours away, the process to secure a mortgage product that I was happy with was smoother than dealing with the financial institution in town. Scanning signed documents, emailing and talking over the phone worked very well.

Very helpful whenever I have questions. Got me a great rate which I appreciated. Will definitely use you again when this mortgage runs out!

You saved us tons of money!

Appreciate the continued relationship through email and cards to our family.  

Have already recommended you to several friends and colleagues!

Nice to have someone follow up with me even after providing your services! I continue to receive only helpful information (e-mails etc.) as apposed to junk info.

My personal experiences with your company at the White Rock location are excellent, and have & would share your company information & experience with anyone.

Best mortgage rates.

Responses from Dreyer Group Mortgages Client Survey May 28, 2010

20 May 2010

Paying Property Taxes: There are 3 ways this can be done:

1.  You’ve been paying them with your mortgage payment and then the lender will remit the payment directly. Your property tax payment can change through-out your term as taxes do change and the lender wants to make sure you have enough in there. If you ever want to know how much you have in your property tax account call your lender and they will be able to give you the number. If you have a high ratio mortgage most lenders require the taxes be added onto the mortgage payment.
2. Write a cheque for the due date and pay July 2^nd. at the city or most chartered banks. We’ve always done this but it will be our last year doing so, we said we would open a separate account and have enough in this account but it seems a new renovation project always comes up and the money gets used elsewhere so we will be doing #3 as our option.
3. Pay the city monthly on a preauthorized debit, this is the one I’ve chosen for the coming year.

Here are the links to Vancouver and Surrey property tax sites. To find other communities, go to the main Government website and look for property taxes.

Vancouver:

http://vancouver.ca/fs/treasury/ehog.htm

 

Surrey:

https://secure2.city.surrey.bc.ca/tempestprod/ecom/hog/login.cfm