Newsletter for this week

Wednesday, May 11, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.70% 2.64% 2 Years 4.05% 3.35% 3 Years 4.55% 3.62% 4 Years 5.19% 3.79% 5 Years 5.69% 3.89% 7 Years 6.49% 4.79% 10 Years 6.85% 4.99% VIRM 3.00% 2.20% The prime rate is 3.00% Shawn Mooney (403) 945-8769 mortgages@shawnmooney.com Contact Info: AIRDRIE, Alberta (403) 945-8769

Current News: ·         Keys to a worry-free mortgage May 10, 2011 — With mortgage rates low and lenders tripping over each other to entice home buyers, borrowing has rarely looked so appealing. You can get a traditional mortgage or a line of credit, you can prepay the loan, then turn around and write yourself a cheque, raise your payment or lower it, even skip a payment if you need to. ·         Hamilton tops list of best places to invest May 10, 2011 — Hamilton has scored the top spot on a new list of the best places to invest in Ontario. The annual ranking by Toronto-based Real Estate Investment Network also names Hamilton the third-best place in Canada for investment, after Edmonton and Calgary. ·         Alberta to lead MLS sales in 2012 May 10, 2011 — Alberta will lead the country next year in the annual percentage growth for MLS sales, according to the Canadian Real Estate Association. The association on Monday said the province will see MLS sales increase by 6.7 per cent in 2012 to 56,650 units following a 6.8 per cent gain this year to 53,100 units. ·         Five fastest ways to save for a down payment May 09, 2011 — Saving money for a down payment on a home takes time, effort and patience. Having a large down payment can save thousands of dollars over time because the home owner will carry a smaller mortgage. A down payment over 20 per cent will also prevent a mortgage company requiring that you pay mortgage insurance premiums, an added expense that often gets amortized into the cost of the mortgage.