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Shaun Serafini - DLC Mortgage Excellence
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Govt has raised Key lending rate .25% today, the second such increase in a matter of months.

The bad news: loans / lines of credit that are based on Prime, your payments will soon be slightly higher.

The good news: this move "should" be the final upward move in some time as govt has finally taken back the emergency stimulus that it used in 2015 following oil price collapse.

We can't expect banks to endure such light quarterly profits forever afterall. I mean who can keep the lights on earning just over $2B per quarter right? 😐
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Very pleased to have the powerful Manulife One mortgage added to our arsenal of interest saving solutions. Contact me for details on how this product can help you attack your mortgage!
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DLCME Awards night 2017. Great night at +Plum!!
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4/3/17
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After the mortgage & real estate industry was blindsided by further government intervention on Monday, I finally have a chance to share a few of my thoughts here:

Unfortunately these rule changes described as ammo to "cool down foreign investment" missed their mark.

Given the 10-18% reduction in buying capacity, the groups most immediately affected in my eyes are 1st time buyers and single income households. It's pretty safe to argue that such reductions almost assuredly will also lead to pullback in home sales and prices over time. This is the last thing most in Alberta likely wanted to hear.

The scary part is that the rules that are most likely to affect the largest number of consumers / mortgage / real estate professionals are the ones most aren't even considering / aware of at this time.

Please contact me if you wish to discuss further or want to know how the recent changes may affect your specific situation.
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Parents -- did you know that buying a home for kids counts as 2nd home and only requires 5% down? Most think 20%. Great program for kids moving for post secondary!! Contact me for more info!
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Check out this unique marketing strategy on two rare Lethbridge homes. http://bit.ly/1yCqEPS Thoughts?
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Good news for all you Variable mortgage customers and those with HELOCs and personal line of credit balances...

Bank of Canada holds key lending rate same today. They also remain "neutral" in terms of speculating when a rate change will occur. Some economists predict early/mid 2015 as a likely target date for 1st increase to prime in a loooong time.
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