<?xml version="1.0" encoding="UTF-8"?><!-- generator="WordPress/2.9" -->
<rss version="0.92">
<channel>
	<title>The Mortgage Centre - BC Direct Mortgages</title>
	<link>http://www.bcdirectmortgages.com/blog</link>
	<description>The latest news and updates on BC mortgages. Check Kelowna&#039;s mortgage rates, trends and real estate updates weekly.</description>
	<lastBuildDate>Wed, 04 Jan 2012 22:47:37 +0000</lastBuildDate>
	<docs>http://backend.userland.com/rss092</docs>
	<language>en</language>
	
	<item>
		<title>Happy New Year 2012!!!</title>
		<description><![CDATA[Shannon, Chris, and I wish all our clients the best of everything this year. We thank you for your trust in us, especially to provide you and your family with mortgage solutions that best fit for each of you. We have learned years ago that no two deals are the same. We will continue to [...]]]></description>
		<link>http://www.bcdirectmortgages.com/blog/archives/206</link>
			</item>
	<item>
		<title>Paying Off Your Mortgage Faster May Not Be Your Best Strategy</title>
		<description><![CDATA[We’ve all heard how beneficial it is to pay down your mortgage as quickly as possible (mostly from our parents), which is mainly to reduce the total interest costs you would pay until this debt is paid in full. I won’t bore you with all sorts of examples with how much you would save with a [...]]]></description>
		<link>http://www.bcdirectmortgages.com/blog/archives/177</link>
			</item>
	<item>
		<title>T.D. CEO Suggests Mortgage Rules Should Be Stricter</title>
		<description><![CDATA[
In a report in yesterday&#8217;s Globe And Mail, Ed Clark, the chief executive officer of Toronto-Dominion Bank, said the federal government should reduce the amortization of CMHC insured mortgages from 30 years to 25 years.
Apparently, we Canadians need to curtail our spending habits and the best way to fix this problem is for the banks to [...]]]></description>
		<link>http://www.bcdirectmortgages.com/blog/archives/171</link>
			</item>
	<item>
		<title>Purchasing a New Home and You&#8217;re Short Closing Costs?</title>
		<description><![CDATA[We know it&#8217;s tough enough these days to save up for the minimum 5% downpayment that is required for the purchase of a new home let alone another 1.5% you&#8217;ll need to show the lender that you have available for the closing costs. Closing costs are normally the legal fees to register the mortgage and [...]]]></description>
		<link>http://www.bcdirectmortgages.com/blog/archives/166</link>
			</item>
	<item>
		<title>A Mortgage or a HELOC&#8230;Which one to choose?</title>
		<description><![CDATA[By definition, the word mortgage comes from the French word &#8220;mort&#8221; which means &#8220;dead&#8221; and &#8220;gage&#8221; from Old English, which means &#8220;pledge&#8221;. It is a conveyance of an interest in property as security for the repayment of money borrowed. A traditional mortgage will have both principal and interest payments to eventually pay off the debt [...]]]></description>
		<link>http://www.bcdirectmortgages.com/blog/archives/164</link>
			</item>
	<item>
		<title>How easy (or hard) is it to refinance your mortgage if you lose your job?</title>
		<description><![CDATA[Okay, you&#8217;ve dealt with the same bank for 30 years, never missed a payment, and always thought the bank has your best interest at heart. Perhaps they do. But just imagine you missed one or two payments on your mortgage or you tell them when you apply for a new mortgage that you just lost [...]]]></description>
		<link>http://www.bcdirectmortgages.com/blog/archives/163</link>
			</item>
	<item>
		<title>What&#8217;s new at The Mortgage Centre &#8211; BC Direct Mortgages!</title>
		<description><![CDATA[Hello Everyone!  It&#8217;s been a very hectic year so far and I know it&#8217;s been some time since my last blog.  I promise to be more diligent in my blogging with more mortgage information and insight in future.
First of all, I am proud to announce a new addition to our team at The Mortgage Centre [...]]]></description>
		<link>http://www.bcdirectmortgages.com/blog/archives/161</link>
			</item>
	<item>
		<title>Rates Starting to Rise&#8230;.What to do???</title>
		<description><![CDATA[Financial institutions across Canada are starting to raise their fixed term rates this week by as much as 0.25%. One chartered bank&#8217;s best 5 year fixed rate is now 4.24%. However, we still have a few lenders today promoting their best 5 year fixed rate at 3.79%. The bank&#8217;s prime lending rate remains unchanged at [...]]]></description>
		<link>http://www.bcdirectmortgages.com/blog/archives/156</link>
			</item>
	<item>
		<title>November stats for the Okanagan</title>
		<description><![CDATA[Here are some interesting stats from OMREB (Okanagan Mainline Real Esate Board). There seems to be a trend to a lower inventory level and with homebuyers continuing to take advantage at this time of a good selection and pricing along with securing a great mortgage rate (it&#8217;ll be very interesting to see where rates will be a [...]]]></description>
		<link>http://www.bcdirectmortgages.com/blog/archives/150</link>
			</item>
	<item>
		<title>The Bank of Canada raises its key interest rate by 0.25%</title>
		<description><![CDATA[Quite expectedly (most economists were predicting this), The Bank of Canada has again raised their rate by 0.25%. Due to improved personal and corporate spending in the previous quarters and forseeable future, justifies for the increase at this time. However, the Bank of Canada suggests that this could be the last one we will see [...]]]></description>
		<link>http://www.bcdirectmortgages.com/blog/archives/145</link>
			</item>
</channel>
</rss>

