Saved 20 Thousand Dollars

Jared_Dreyer.jpgJohn and Ellie were in a 5-Year fixed mortgage with a rate of 5.80%. By moving thier mortgage to a new lender at a lower rate, they saved $20,000 in 3 years even after paying the penalty! Plus there were no legal fees given the type of mortgage they were in. There is nothing I love more than saving clients and thier families money!

The good news is with the plummeting interest rates, I have been able to save many many families untold money. Yesterday we transferred a mortgage and saved the clients $4,000 again after they paid the penalty. That is nothing to sneeze at!

Find out how much you can save. Call me with your mortgage details, interest rate, remaining term, outstanding balance etc. and I can quickly let you know if moving your mortgage makes sense.  Jared Dreyer, Independant Mortgage Professional 604 649-5991

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Best Mortgage Rates in BC

Get your best mortgage rate in BC with Dreyer Group Mortgages

Dreyer Group Mortgages. Professional Mortgage Brokers providing mortgage financing to residents of British Columbia and Regions. Dreyer Group is proud to offer online mortgage calculators, instant mortgage rate quote online and expert advice to BC residents, Canadian Immigrants, out of province residents or US residents looking to purchase in BC.

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Improve Your Credit Score

10 Tips to Improving Your Credit Score

A credit score is an evaluation of your credit history and debt obligations. Lenders use it to assess their risk and establish borrowing conditions. The higher your credit score broader options you will have as well as access to the best interest rates. Below are a few tips that can help improve your credit worthiness:

1. Establish a credit history. Lenders see clients with longer credit histories as less of a risk and more favourable borrowing candidates. Your score will improve as your credit history matures.


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Pay off the mortgage faster

Many homeowners are looking to pay off their mortgage as quickly as possible. Below is a list "Pay-Off Tips" to help you decrease your mortgage in an effective and consistant manner.

TIP #1: Increase your payment annually to the most you can afford. Most lenders will allow you to reduce it again to the previous level if it turns out to be too great a burden or your circumstances change.

TIP #2: Use your RRSP tax rebate to pay down your mortgage. Even if you can only prepay annually, make sure these funds are reserved for the purpose of applying to your mortgage. It can be one of those annual surprises that can really help reduce the principle.

TIP #3: Increase the frequency of your payments. Make accelerated bi-weekly payments to get a "free" principal reduction equivalent to one full mortgage payment every year — painlessly.

TIP #4: Round your payments up. By adding even a nominal amount of say, $10 per payment, the amount of interest you are saving will be unbelievable, and the extra money relatively painless to part with.

TIP #5: Pay a lump sum whenever possible. By decreasing the principal of the mortgage, your payments will not be allocated as much to interest in the future, thereby making you mortgage-free faster.

TIP #6: Keep payments the same when mortgage rates have fallen. If the payment amount has not been a problem so far, then do not change it when rates fall. Keep the payment the same thus paying down the principal faster.

TIP #7: Raise payments in line with increased income. If your income increases, don't keep your mortgage payments the same. Just pretend that your income did not increase and maintain your usual lifestyle.

Mortgage Closing Costs

Understanding Mortgage Closing Costs

Many homebuyers are unaware of the various closing costs they will need to pay in order to finalize their mortgage financing. It pays for homebuyers to know the specifics of closing costs so they can better prepare for unexpected expenses at such an important time in their lives. The exact closing costs will depend on where you live, how much you are borrowing, how your mortgage is financed, your closing date and mortgage amortization.

Below is a list of the majority of expenses associated with purchasing a home and obtaining mortgage financing. We recommend each of these items be considered and accounted for when preparing your home purchase budget. As every client is unique, so is every mortgage. Costs may vary depending on the mortgage application and not all of the items listed below would be required:

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Our Best Rates

 5 Yr = 3.79 %
10 Yr = 5.20 %

5 Year Variable Special:
1.90 %

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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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