Christine Dawson ~ West Kelowna Mortgage Mobile Specialist

Mortage Renewals

2011-11-08T12:01:00.000-08:00

Are you paying more than 3% on your mortgage

-I can save you money NOW!!!

Potentially with rates staying low till 2013 now is the time to review.....

call me and lets sit down and discuss the possibilities-

Christine Dawson
250 864 8521

Have you listed your home?

2011-06-11T07:14:00.000-07:00

Dear Homeowner

Packing, having a garage sale and filling out change of address cards are common pre-moving tasks. But does your “To Do” list also include talking to a TD Canada Trust Mobile Mortgage Specialist? Whether you are downsizing or upgrading homes, there’s no better time to re-evaluate your home financing situation than at the time of a move, preferably well in advance of your closing date.

If you have an existing mortgage, you should ask yourself a number of questions as you prepare to list your home:

• Does your current mortgage incur a penalty if you sell your home?
• Can you port your existing mortgage to a new property?
• Would it be best to refinance your mortgage now and take advantage of today’s rates?
• Should you book a mortgage rate now to protect against interest rate increases before your closing date?
• Are you getting the mortgage best suited to your long and short term financing goals?
• Are you getting sound advice and a competitive rate?

call me for a free consultation I work 7 days a week and can meet you when it's convenient for your schedule-

Flexible Mortgage Payments-TD Canada Trust

2011-06-11T07:11:00.000-07:00

Flexible mortgage features

Flexible mortgage features can help you save money, adapt or manage your mortgage as your needs or your lifestyle change.

NEW Flexible Mortgage Payment Features

Skip a payment
Payment reduction
Payment vacation

https://www.tdcanadatrust.com/mortgages/managing/flexible_mortgage_features.jsp#payment

Call me if you have questions or want to review your current mortgage.....never a better time than a financial check up-Lets see if I can save you money!!!

check out the link to this article

2011-05-31T10:30:00.001-07:00

http://www.smrmediaroom.ca/TDCanadiansandretirement.html

Learn from RETIREES

2011-05-31T10:27:00.000-07:00

Fifty-nine per cent of retired Canadians are largely living the retirement of their dreams

Financial advice retirees wish they received before retiring: save more money (58%), pay off debts before you stop working (28%) and work with a financial professional (25%)

Top advice retirees have for those next in line: take care of your health (72%), take time to understand/prepare for retirement (67%) and pay off all your debts before you stop working (63%)

New Qualifying Rate for Conventional Mortgages

2011-05-05T14:29:00.000-07:00

Dear Readers, Great News! The qualifying rate for clients who choose a variable mortgage or line of credit has now changed, we can now use the 3 Year Posted rate to get you qualified. This is a really great change and I'm pleased to share it with all of you-
The difference at todays rates are 1.14% so this makes it easier to get you approved.

call me and we can discuss the differences-

Alternate Lending Programs

2011-03-13T17:34:00.000-07:00

No need to go anywhere else for your mortage needs-7 days a week, phone consultations and the best possible solutions for you and your family-

Also a big misconception is that I only have access to TD Canada Trust products-I have access to an alternate lender.

The following is accessible-NO need to CALL an outside BROKER!!!!

-stated income
-0 down
-Self Employed Criteria
-Private Lenders
-B LENDING

call me first-Christine Dawson 250-864-8521

Bank of Canada

2011-01-17T14:47:00.000-08:00

http://www.cbc.ca/money/story/2011/01/17/bank-of-canada-rate-decision.html
CBC News - Money - Interest

rate hike unlikely on Tuesday.....time will tell...

Mortgage Advice-NOT just an approval

2010-12-14T10:02:00.000-08:00

http://www.cbc.ca/money/story/2010/12/13/carney-interest-rates-warning.html#ixzz181JpmN9Y

Bank of Canada Governor, Mark Carney announced yesterday that consumers must use caution....there may very well be a rather large spike to mortgage rates...don't be caught off guard.
I could not agree more with living within ones means-I always focus on the advice piece of helping to provide a comfortable mortgage experience. It is never a good thing to borrow and not be able to afford to pay it back-
At Td Canada Trust we make sure based on your income and debt load that you are given the correct advice and peace of mind.

please call me for a financial check up now is the time for a review-

Christine Dawson
250-864-8521

Need a copy of your NOA

2010-11-21T16:12:00.000-08:00

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/chngrtrn-eng.html

Go to this link and check out how easy it is-

Closed Variable Mortgages

2010-10-21T13:54:00.000-07:00

I know there has a been a fair amount of harping on about this, but it just goes to show how much I really care about your finances. I touched upon this same subject back in August of this year and have now done some further research. There are many of you who are sitting in these type of mortgages at Prime + some high as Prime +1% (which is 4%)
I would love to review with you either via phone or email or get a chance to meet to discuss the savings involved with a new closed variable mortgage-I can offer the same fabulous product but at a fraction of the cost-

New Mortgage @ Prime-.65% =2.35% compared to old Variable @ 4% savings over 5 Year Term $23,404.................can anyone say college tuition or earlier retirement-

please call for a free in-house consultation

Christine Dawson
250-864-8521

Could the Bank of Canada be forced to cut rates again?

2010-10-20T18:33:00.000-07:00

Could the Bank of Canada be forced to cut rates again?

VIRM SWITCH

2010-08-13T07:48:00.000-07:00

Hope everyone is enjoying summer and taking advantage of what each day holds-

This is something you need to take advantage of my "VIRM SWITCH" what is this you ask, well it's a quick and easy way for me to save you and your family $1000's of dollars.
If you took out a 5 Year Closed Variable mortgage anytime in 2009 or early 2010 you are likely paying way more then you should be-more than likely you are paying above PRIME-this could be anywhere from .50% above to 1.00% above the floating rate. Now this is where this gets good, I can now offer you the same product up to a maximum of .50% below PRIME-I have done the math and it's a good savings. The only cost is 3 months interest on your current mortgage at the other financial institution, you will recoup that very quickly.
So if you have a Variable Interest Rate mortgage with any other institution besides TD, call me let me save you MONEY-
I work outside of regular bank hours and can deliver excellent service with the most rewarding results.

Christine Dawson
Mobile Mortgages
250-864-8521
christine.dawson@td.com

Variable Interest Rate Mortgages

2010-07-18T08:52:00.000-07:00

Hope everyone is having a fabulous SUMMER! Looks like the HOT weather has arrived-I've been so busy and I will share with you why.........there were very many of you that either purchased a home or renewed mortgages last year into a open or closed variable rate mortgage, good choice. Now those mortgages are being offered at a lower rate and I would LOVE to save you some money.........I can take your current variable interest rate mortgage and get you under prime, right now your most likely paying over PRIME.
Please call me or email and I would love to arrange to meet with you-we can even do this via phone and fax if you would prefer. I can only help you if you are able to take the time to review-very SIMPLE. I do the work and you save MONEY-this can result in $1000's of dollars in your pocket........

Best Regards
Christine
250-864-8521
christine.dawson@td.com

Literacy TD Canada Trust

2010-02-02T19:33:00.001-08:00

TD commits $14.5 million for financial literacy initiatives across Canada

Peter Nares, Social and Enterprise Development Innovations (SEDI), founder and executive director, left, and Tim Hockey, President and CEO, TD Canada Trust at today's announcement that TD will provide $14.5 million in funding to SEDI, to help fund SEDI's Canadian Centre for Financial Literacy (CCFL) and the new TD Financial Literacy Grant Fund.
It doesn't matter whether you're saving your pennies in a piggy bank or whether you're trading your own funds online. Financial literacy (read: financial "know-how") is beneficial for everyone. It was this thought exactly that today prompted TD Bank Financial Group (TDBFG) to announce a contribution of $14.5 million to Social and Enterprise Development Innovations (SEDI), a charitable organization that helps low income Canadians gain financial independence.

"The recent recession was a real eye-opener as many Canadians realized how unprepared they were for a financial crisis. However, organizations like SEDI give low-income Canadians, and others who may have specific challenges, the opportunity to get back on their feet and gain the skills needed to make informed financial decisions," said Tim Hockey, President and CEO, TD Canada Trust. "At TD our employees play a significant role by working with our customers to help increase their financial knowledge. As they say knowledge really is power, and when it comes to finances - the more you know the more you are able to manage the resources you have."

TD Canada Trust reacts to the earthquake

2010-01-19T19:18:00.000-08:00

News Releases
TD Donates $100,000 to the Red Cross in support of earthquake relief in Haiti
Canada NewsWire
TORONTO

TORONTO, Jan. 13 /CNW/ - TD is donating $100,000 to the Red Cross to support the earthquake relief efforts in Haiti.

"We're pitching in to help out however we can during this time of devastation," said Frank McKenna, Deputy Chair, TD Bank Financial Group. "We are ready to support our customers, employees and community members of Haitian decent through this catastrophe as their primary concern lies with the safety and well being of their loved ones."

For further information: Gregory Harrison, TD Bank Financial Group, (416) 308-8597, gregory.harrison@td.com

You can also donate by visiting one of your local TD Canada Trust branches.....

Happy New Year!

2010-01-04T18:52:00.000-08:00

Welcome to my first blog of 2010! I am very excited to be starting a new year and one with so much hope. I try to be as optimistic as possible although sometimes this can prove to be challenging, I feel it's better than the alternative. I hope to help many of you with your mortgage needs. I can offer some of the most competitive rates and bar none best service and turn around. If there is even a question that you may have about your current mortgage and you need some help or advice I would love your call...

If your interested in hearing about Market news and updates about housing stat's etc, please send me an email and I will add you to my contacts.

I look forward to meeting you in the future!

Christine Dawson
christine.dawson@td.com
250-864-8521

HRTC Credit

2009-09-22T10:56:00.000-07:00

Some Quick Facts about HRTC.....Did you know to borrow 10k monthly payment is $26 makes this very affordable..............this offer expires Febraury,01,/2010.

The 15% non-refundable tax credit can be claimed on eligible expenditures of more than $1,000 but not more than $10,000. The maximum tax credit that can be claimed to reduce your federal income tax is $1,350. However, if the total of your non-refundable tax credits is more than your federal income tax, you have no federal income tax to pay, and you will not receive a refund for the HRTC.
Example
William and his spouse Marie pay $5,000 to purchase an energy-efficient furnace for their home and $3,500 to build a deck at their cottage. They also decide to have the area around the deck landscaped for $2,500, bringing their total costs to $11,000 ($5,000 + $3,500 + $2,500). Marie claims expenses of $9,000 ($10,000 – $1,000), resulting in an HRTC of $1,350.
William and Marie may also be eligible for the ecoENERGY Retrofit – Homes grant.

JD Power&Associates

2009-08-27T09:46:00.000-07:00

Incredible!!! How fortunate that I have had the opportunity to be an employee of TD Canada Trust since 1987.....

Once again TD Canada Trust wins this prestigious award.........

Senior Director of JD Power & Associates describes how rankings work
Average rating: 4.60
4.60 Stars
This year has been one of the most unpredictable and unprecedented years in recent economic history. Despite this, this summer we've begun to seen the silver lining emerge for TD as we beat out our competitors and received much external praise and recognition for our part in helping others in tough times and continuing to deliver a comfortable banking experience.
One of the most talked about achievements on the Street is the J.D. Power & Associates award for customer satisfaction. We all felt a sense of pride when we heard recently that TD had won the award for the fourth year in a row. But there's something about seeing and hearing our brand discussed in an interview with Lubo Li, senior director and financial services practice leader, JD Power & Associates that makes this victory all the sweeter.
Lubo Li interview : http://www.theglobeandmail.com/globe-investor/ranking-canadas-banks/article1264986/External sites can be blocked for different reasons by our TDBFG Firewall, but you are still encouraged to visit these sites on your own time, outside of the work environment.
Related Reading:We did it again - TD Canada Trust declared as a clear leader in customer satisfaction by J.D. Power and Associates 2009.
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BEST BANK IN NORTH AMERICA

2009-07-10T09:26:00.000-07:00

Very exciting piece from Euormoney Magazine; another great reason to choose TD Canada Trust for all your banking needs..........................

I have some exciting news to share. Every year, Euromoney magazine collects information on the biggest banks in the world, evaluates their strategies and financial performance, and then picks out the few that stand out from the rest. After one of the most challenging years on record for financial institutions, TD’s been named the best bank in North America. WOW!

This news was announced yesterday at an awards ceremony in London, U.K. A copy of the article that will appear in Euromoney magazine is included below.

We’ve been saying for a while that TD is the first truly North American bank. Clearly that message is being heard, and this recognition shows we aren’t just competing on a North American scale, we’re winning on a North American scale -- a fantastic achievement.

I’ve always said we don’t set out to win awards, but recognition of this calibre feels great. I’m thrilled about this win because it shows that our strategy is working and we have momentum despite these tough economic times.

I want to thank you and your teams for the hard work you do every day to make the bank a success. Everyone at TD should take pride in this award.

Ed

Condo Market in Kelowna

2009-06-09T20:05:00.000-07:00

Considering purchasing a condo in Kelowna? Please make sure you call me to discuss our special builder packages for those of you buying new. We have fabulous offers through TD Canada Trust that are not offered through Brokers or other lenders. Very competitve rate offers with packages that include 1-1.25% off the current rates held for up to 24 months, sometimes even an incentive to help you with closing costs. Don't hesitate to contact me to discuss your options......Here is a list of the following Builder Packages:
Brookstone
LakeStone
Invue
Waterscapes (Herons/Osprey)
Radius
Enclave
Caban
The Ashburry
and several others......

Christine Dawson
Mobile Mortgage Specialist
250-864-8521

2009-06-02T16:55:00.000-07:00

***********RATES GOING UP****************

5,6,7 and 10 year fixed mortgages rates are going up......if you are on the fence please call me so that I can lock today's rates up for you, call me at 250-864-8521

2009-06-01T09:00:00.000-07:00

TD Canada Trust #1
Christine Dawson, Kelowna Westside Mobile Mortgage Specialist
Great Article from Globe and Mail:
Globe and Mail Update, Thursda-TD Banky, May. 28, 2009 02:24PM EDT
Toronto-Dominion Bank (TD-T <http://www.theglobeandmail.com/globe-investor/profitable-td-feeling-quite-good/article1157008/#> ) reported second-quarter profit of $618-million on Thursday, compared to $852-million a year ago, as the amount it set aside for soured loans nearly tripled.
Factoring out one-time items, the bank's earnings per share came in at $1.23, slightly above analysts' estimates.
Chief executive officer Ed Clark said the company is holding up well under the weight of the recession. "With adjusted earnings over $1-billion again this quarter, we're feeling quite good about these results," he said.
The bank's effective tax rate was only 5.7 per cent this quarter, compared with 16.8 per cent a year ago. It paid $35-million in taxes for the three months ended April 30, down from $160-million.
"Relative to our expectations, TD's results were best of the four banks that have reported so far," RBC Capital Markets analyst Andre-Philippe Hardy said in a note to clients.
TD boosted its provisions for loan losses to $656-million in the quarter, compared to $232-million a year earlier, as the recession weakened the outlook for the bank's unsecured lines of credit and credit card portfolios in Canada, and its commercial real estate exposure in the U.S. Provisions were $537-million in the prior period.
The bank's Canadian lending business brought in $589-million, up one per cent from a year ago. Higher provisions for troubled loans were offset by revenue growth and cost control.
Wealth management operations, which include the bank's stake in TD Ameritrade, earned $126-million, a drop of 31 per cent. Market declines ate into results from the mutual fund and advisory businesses, and caused assets under management to decrease by $2-billion to $168-billion despite the addition of new clients.

BC Housing Market Stabilizing Balanced markets emerging in Victoria, Vancouver and Kelowna

2009-05-28T11:19:00.000-07:00

Vancouver, BC – May 26, 2009. As part of its Spring 2009 Housing Forecast, the British Columbia Real Estate Association (BCREA) reported today that housing market conditions have improved more rapidly than expected. As a result, BCREA has revised its home price forecast upwards, reflecting greater price stability through the balance of the year. The average Multiple Listing Service® (MLS®) residential price in British Columbia is forecast to decline eight per cent to $420,600 in 2009, instead of 13 per cent originally forecasted at the beginning of the year.

“The majority of the decline in home prices has already occurred,” said Cameron Muir, BCREA Chief Economist. “Balanced markets are emerging in Victoria, Vancouver and the Fraser Valley. There’s now little downward pressure on home prices in these areas.”
Home sales in the province have climbed out of a trough, posting double-digit percentage gains for three consecutive months (seasonally adjusted).

BC MLS® residential sales are forecast to decline 12 per cent to 60,755 units this year, as a result of a weak first quarter. However, stronger consumer demand is expected to continue for the balance of the year and through 2010. Residential sales in 2010 are forecast to climb 10 percent to 66,740 units.

Affordability reached a three-year high in April with lower home prices and record low interest rates reducing the carrying cost of the average priced home 24 per cent over the last year.
“A significant increase in affordability has brought many first-time buyers into the market,” added Muir. “First-time buyers were largely absent in the late fall and winter, making it more difficult for move-up buyers to sell their current homes. The chain of ownership is now being oiled.”

The full BCREA Housing Forecast is available at: http://listserv.realtorlink.ca/t/16315/276436/682/0/.

Christine Dawson - Mobile Mortgage Specialist
http://christinedawsonkelowna.blogspot.com
C#250-864-8521 - F#250-707-5130

Home is where the Heart is!

Five key Factors- Financing or not to Refinance in Kelowna Westside

2009-05-07T11:47:00.000-07:00

In doing some research for one of my clients I came across this great article by a fellow mortgage specialist with Td Canada Trust. It explains in detail the advantages and disadvantages of refinancing.

Christine Dawson
Mobile Mortgage Specialist
Kelowna Westside

REFINANCE or NOT to REFINANCE YOUR CURRENT MORTGAGE

With Interest Rates at historical lows most likely you are wondering if your mortgage is worth all the costs to renegotiate a lower interest rate. Questions common to many are:
With record low interest rates, is it a good time for me to refinance?

With record low interest rates, is it a good time for me to refinance?
Will the lower interest rate outperform the costs to break my mortgage contract?
How much will it cost in penalties and fees?
What other stumbling blocks could there be if I were to refinance?

Here is some basic information to help you identify when and if refinancing is your best option. Everyone wants to save money but what are the “hidden” costs of breaking your mortgage contract early and renegotiating at a lower rate?

The 5 key factors in understanding review are:

Loan to Value
Penalty Payout
When will Penalties be waived?
Other Costs to Consider
What if you have a 40 year Amortizations which are no longer available

1. Loan-to-Value
The first hurdle is the process is how much is you home’s value? One way to estimate your homes worth is looking at your most recent BC Assessment and using that value in your calculation. Remember, 2009 home prices continue to fall consequently your assessment may be overstating the value. In today’s market the rule of thumb is to use a slightly lower amount than the value stated on the assessment.

Most preferred estimate of value is market value; what a buyer is willing to pay for a home of similar style, size and neighbourhood. Ask a realtor for recent sales in your area and use that value in your estimate. Remember it’s not what you think it’s worth or how much you could sell it for but what the market is willing to pay.

Once you have established a value, now look at you mortgage amount including any secured home equity lines of credit. Add the debt against your house and divide that number by the estimated value. The result is estimates the Loan-to-Value (LTV). If the number falls below 80% then move on to the next step in the process.

For percentages above 80% then your mortgage would fall under an insured mortgage category and would be sent for approval to either CMHC or Genworth and additional costs would probably prohibit any savings in refinancing. Also, lenders may not consider you application with a high ratio.

The best scenario for LTV is 70% or lower. It is more likely that your application will be accepted with a lower LTV.

2. Penalty Costs - 3 months interest or IRD?
Most people understand that if you renegotiate your mortgage prior to the term’s end you will pay a penalty. When the interest rates are higher or similar to your current rate you will likely pay 3 months interest penalty. But in times of historically low interest rates likely IRD or Interest Rate Differential will be the cost of refinancing. Whichever is higher the lender will charge and in times of falling interest rates most lenders are charging the IRD. IRD can be much more expensive than 3 months interest .

ASK for both the 3 month penalty and the IRD penalty and have the lender be specific to which amount affects your refinance options. Have the lender put it in writing so you have something reference if the final discharge amount is different. The further into your term the lower the penalty costs will be. Example year 2 of a 5 year term will pay more than renegotiating in year 4 of a 5 year term.

3. Window of Opportunity to Waive penalties!
If you are within 120 days of the mortgage term ending most lenders will allow you to renew without penalty; there could still be fees to switch to another lending institution but likely it will be minimal.

4. Other Fees to Consider when Refinancing
Mortgage payout penalties can be the largest fee but consider other costs to refinance. Legal fees can be anywhere from $440 – 800 or more. For those who chose to life insure the mortgage consideration must be given to the increase payments because you age may fall under a higher premium. There could also be an application fee $75 as well as $200 -300 to transfer to another institution.

5. What if you have an existing 40 year Amortization?
If you have a 40 year amortization and you are in you are first term your application will not proceed unless you r gross income can qualify at a revised amortization of 35 years or less. The federal government discontinued the use of 40 year amortizations in October 2008.

Click here to see full article from Anne Vanidour Manager, Residential Mortgages
-
Christine Dawson - Mobile Mortgage Specialist
http://christinedawsonkelowna.blogspot.com
C#250-864-8521 - F#250-707-5130 Home is where the Heart is!

Meet a Mobile Mortgage Specialist anytime, anywhere in Kelowna

2009-04-30T11:36:00.000-07:00

Meet your TD Canada Trust Mobile Mortgage Expert Christine Dawson in Kelowna

Choosing the right option to finance your home is one of the most important decisions you’ll ever make. You’d love to have an expert who understands your individual needs and can help guide you through the selection process. But how can you fit a meeting into your hectic schedule?

I can help. Mobile Mortgage Specialists are experts in home financing and can meet with you at your home, your workplace or anywhere else that’s convenient for you. They’re also available outside regular hours, including evenings and weekends.

Expert advice puts you in control of your Mortgage!

It’s important to have a home financing solution that suits your individual lifestyle and meets your needs now and over the life of the mortgage. Christine Dawson will get to know you and take the time to understand your circumstances, guide you through the wide range of home financing options offered by TD Canada Trust, and work with you to customize a solution that meets your unique needs.

I’ll support you every step of the way and make sure you fully understand your options so you can be comfortable with your decision.

Christine Dawson - Mobile Mortgage Specialist
http://christinedawsonkelowna.blogspot.com

C#250-864-8521 - F#250-707-5130
Home is where the Heart is!