Mortgage News Articles

One easy was to save $100,000 on a $250,000 mortgage

 (Vancouver) - Mortgage brokers have urged consumers for years to shop around for their mortgage. Even a half percentage discount on a mortgage rate can put thousands of dollars back in their pocket over the term of their mortgage.

For example, the monthly payment for a $250, 000 mortgage at a closed 5-year rate of 3.99% and amortized over 35 years is $1, 100.53. Total interest paid over the term is $41, 168.20. Compare that to the same mortgage, but with a currently available interest rate of 3.45%. The monthly payment has now been reduced to $1,022.46. This is a saving of $6, 577 in interest over the term of the mortgage, plus an additional saving of $4, 680 in monthly payments – a total saving of $11, 257 over 5 years.

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Mortgage Broker Position in BC, Metro Vancouver

If you are an existing mortgage broker licensed in BC, Dreyer Group Mortgages offers an exciting opportunity to join a successful team of mortgage professionals. As a team of independent mortgage brokers committed to exceptional service and advice for clients and partners, Dreyer Group is leading the way in the mortgage industry. If you are interested in offering your clients the very best mortgage options in a progressive and successful environment, please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it for further information. Or call 604 536-3802 in the Fraser Valley and 604 649-5991 Vancouver BC. Grow Your Mortgage Business, Join on of the Top 10 mortgage broker teams in Canada.
Most of the mortgages I have funded over the past 10 years have been variable rate mortgages. This has been great for my clients because I secured them variable rate mortgages as low at Prime -.90 allowing my clients to enjoy monthly interest payments as low as 1.1%. As many of my variable rate mortgages are coming up for renewal, they are now considering locking in to the 5-year term for as low as 3.44%*. This mortgage rate is not only the lowest recorded but it can offer security knowing their payments will not change or go up for 5 years. That being said however, choosing to lock in is not for everyone. The 5-year variable rate is as low as Prime –75% and I do not foresee rates going up in the near future. So, it’s one of those things. 3.44*% is an incredibly low rate to lock in if you want security but variable rates are still very attractive. Call our team now to find out your best option. 1-800-687-9020 throughout BC, 604 536-3802 Fraser Valley or 604 649-5991 Vancouver to reach an Independent Mortgage Broker. And remember our serviced is free on Approved Credit. *OAC

Refinancing your mortgage before its renewal is really about analyzing the numbers. It either makes sense or it does not. I find it interesting that so many Canadians are chugging along with high interest rate mortgages and not looking to their mortgage to save – especially in this economy. Reducing your monthly mortgage payments is only one benefit of refinancing your mortgage before it renews. It can also free up much needed cash flow to use for expenses or savings. The other is to take the opportunity when refinancing to consolidate or restructure all your debt to ensure you are paying the least amount of interest possible. Independent Mortgage Brokers such as my team specialize in doing the math for you and then shopping your mortgage to numerous lenders to get the best mortgage product at the lowest rate. This e-mail address is being protected from spambots. You need JavaScript enabled to view it to find out how much you can save or call my office at 604 536-3802 Refinancing your mortgage before its renewal could save you thousands.

If you are buying an investment property, taking the equity out of your existing home is a great solution. Especially if you are buying across the line. Getting a mortgage in the US is not an easy feat. Many of my clients refinance their existing property in Canada to purchase properties in the US. If you are buying an investment property in Canada, you could consider taking the equity out of your home for the down payment and have the mortgage payment funded by the rental income. A 5-year fixed Canadian Mortgage Rate is as low as 3.34%* for mortgages over $500,000 and 3.44%* for mortgages under $500,000. Dreyer Group Mortgages also has access to specialty mortgage products especially suited to buying an investment property, mortgage refinancing for purchasing recreation or investment properties. This e-mail address is being protected from spambots. You need JavaScript enabled to view it Jared Dreyer Accredited Mortgage Professional or call our Vancouver Mortgage Broker hotline at 604 536-3802 or 1-800-687-9020 to find our more. *OAC
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About Dreyer Group

Dreyer Group is a member of the VERICO mortgage brokers network. We can help anyone nationwide, but we primarily serve BC residents in the lower mainland including Surrey, South Surrey, White Rock, Langley, Delta, Vancouver, North Vancouver, West Vancouver, Burnaby, New Westminster and Coquitlam. Dreyer Group Mortgages can provide mortgage solutions to US residents, non-residents, new immigrants and the rest of Canada. No matter where our clients are located, we are committed to providing the best mortgage rates and options in the marketplace.

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VERICO is a national mortgage brokers network. As an assembly of independently owned and operated mortgage brokers, VERICO brokers are comprised of the most trusted mortgage professionals in Canada that adhere to the highest standards of service based on professionalism, expertise and ethics. The VERICO Mortgage Network includes over 40 of Canada's most respected mortgage lenders and insurance suppliers.
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