Mortgage News Articles

Since the announcement January 19 2011 by Jim Flaherty on the new mortgage rule changes, mortgage interest rates have not and are not expected to change much in the near future. “The reduction in amortization from 35-30 years has created a bit of a mortgage thrust in applications however the overall changes have created less of a stir than some predicted” comments Jared Dreyer, Vancouver Mortgage Brokers and President of Dreyer Group Mortgages. To find out more about the new mortgage rule changes and how they will effect your mortgage application, contact an independent mortgage professional at Dreyer Group Mortgages.
Call 1-800-687-9020 or go online www.dreyermortgages.ca

No frills mortgages can have attractive interest rates but watch out for what they don’t have. No frills mortgages prepayment privileges are very often not a feature on these types of mortgages. That means you cannot make annual lump sum payments or increase your monthly payments to pay off your mortgage faster. They too have a no “refinance policy” on most of these mortgages whereby you cannot refinance your mortgage should you want to anytime. You typically cannot break the term of the no frills mortgage unless you sell your home. This limits the opportunity to refinance your mortgage at a lower interest rate and or consolidate debt or purchase other properties with another lender. The no frills mortgages are typically not in the best interest of the clients. Mortgages offered with flexible features interest rates are low enough and attractive enough to off set the high restriction on these types of no frills mortgages. For all your mortgage needs, call 604 649-5991 Vancouver or 604 536-3802 Fraser Valley 1-800-687-9020 Toll Free throughout BC

It seems like yesterday I was writing my 2010 letter. This past year has been a great one for Dreyer Group and myself personally. It was of course also a memorable year for Vancouver and all of Canada.

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Getting the lowest mortgage rate in your neighbourhood is easier than you think. Here are the strategies:

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Below is Dreyer Group Mortgages process for dealing with mortgage referrals from our valued clients. The majority of mortgage business we do each day is based on referrals from great clients just like you.

Step 1. Initiating the Mortgage Contact: An existing client calls, emails or goes to our website and completes the Refer a Friend form with the client referral details. Sometimes too, a potential client will call and reference they were referred by an existing client. We always ask who the friend/existing client is so we can send them a special something to say thank you.

Step 2. Contact the Client: Every referred client is contacted immediately. Dreyer Group asks a series of specific questions to uncover the clients long and short tem goals with their mortgage as well as outlining the mortgage approval process. We evaluate their priorities - best mortgage rate, lowest mortgage payments, maximum mortgage size etc. take an application on the phone, by email or fax and submit the deal.

Step 3 - Contact the Referral Source: Dreyer Group sends a special thank you to the client that sent us the mortgage referral.

Step 4 - During the Mortgage Financing Process: During this phase we are in constant contact with the client to endure we have all the documentation required by the lenders. Through this stage we act as the clients’ liaison between the lenders, lawyers and appraisers.

Step 5 - Get Approval: Our priority is to get our client the best mortgage product at the lowest mortgage rate and get their mortgage approved quickly. We work with dedicated underwriters at many top lenders you know to ensure we have the fastest approval times.

Step 6 - Prior to Funding: Just prior to funding is a critical time requiring detailed follow through and communication. Dreyer Group pays a vital role in ongoing communications to ensure there are no delays during the final completion of the mortgage financing.

Step 7 - Life Beyond During: Once the mortgage funds, we keep in contact with the client for the life of their mortgage and beyond. We continue to monitor the clients interest rates and mortgage product to keep them informed of vital economy changes that may effect their mortgage or opportunities for them to benefit from falling interest rates. We record all our information in our Customer Management System so at any given time we are up to date with our client’s information, goals and preferences.

Refer a friend now by email or call 604 649-5991 in Metro Vancouver

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#308 - 15252 32nd Avenue
South Surrey, BC  V3S 0R7
Telephone: 604.536.3802

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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.

About Verico

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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