“Patricia is our mortgage broker for life” - Thanks Jason and Christa - you’re my clients for life too! : )
“Working with Patricia was an absolute delight. She went above and beyond by investigating discrepancies in our credit history and even going so far as contacting the credit bureaus on our behalf to clear those inconsistencies up. We also had a fairly complex financial history being self employed with mostly foreign income and Patricia communicated with us every step of the way to makes sure all of the details were taken care of and to ensure we qualified for our dream home at an amazing rate. Beyond all that, she truly cares about her clients and always has an amazing attitude. Patricia is our mortgage broker for life.”
-Jason and Christa
Thank you! Congratulations on your AMAZING home : )
Patricia Collins
Variable mortgage and LOC rates are based on the Prime Rate, and the Bank of Canada decided to maintain this rate and make no changes today.
Based on their more positive outlook, the rate may start to increase in late 2012 at the earliest or early 2013. When it does start to increase, it is expected to be gradual and controlled in line with economic recovery, both in Canada and globally. Any change to the Prime Rate since 1992 has only been by 0.25% at any one time.
If you are in a heavily discounted variable mortgage, I recommend you make no changes, but for those of you looking for a new mortgage, I would definitely recommend a fixed mortgage at this time. Large discounts are not being offered by lenders any more on variable mortgages, so given the low fixed rates being offered right now, the savings from a variable mortgage do not outweigh its risk of upward rate movement.
Please feel free to contact me with any mortgage needs or questions - I’ll be happy to help!
Patricia Collins
Suggestions include help from parents, reducing personal spending, taking advantage of a new $10,000 bonus, or borrowing from your RRSP.
Patricia Collins
Congratulations on your new home Chris and Karly! Thank you for your kind words on your experience with me : )
“As first time homebuyers the whole idea of fixed rate vs. variable mortgages and banks vs. brokers were definitely new concepts and we felt completely lost. After a few simple Google searches on the subject I found Patricia Collins and the rest you could say is history. I met with her early in the home buying process and she answered every question I had (even the bad ones…). I had a unique situation as I am self-employed and Patricia assured me that I would qualify without too much hassle. We eventually put offers in on two places at separate times and Patricia secured separate rates from different lenders with ease. She worked extremely hard for us to get us the best rates and I get the feeling that she does the same for all of her clients. I would definitely recommend Patricia Collins to friends and family looking to buy a new home in the Vancouver area.
Thanks again Patricia!”
-Chris and Karly
