Tim's Mortgage News / Rates and FAQ's

[TimLacroix]

Current Rates to Open Week November 17, 2014

Special Rate Offer

3 Year - 2.49% (High Ratio only)
Quick Close - Close within 45 days

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
3 Year Fixed - 2.69%
4 Year Fixed - 2.77%
5 Year Fixed - 2.89%

3 Year + ARM - 2.35%
5 Year ARM/VRM - 2.40% to 2.35%

Restricted / Conditions apply Rates
Starting at:
5 Year Fixed - 2.74%* High Ratio
5 Year Fixed - 2.84%* Conventional
5 Year VRM - 2.20* High Ratio
5 Year VRM - 2.30* Conventional
* Restrictions Apply - Call or PM for details

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[TimLacroix]

Current Rates to Open Week November 24, 2014

Special Rate Offer

3 Year - 2.49% (High Ratio only)
Quick Close - Close within 45 days

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
3 Year Fixed - 2.69%
4 Year Fixed - 2.77%
5 Year Fixed - 2.89%

3 Year + ARM - 2.35%
5 Year ARM/VRM - 2.40% to 2.35%

Restricted / Conditions apply Rates
Starting at:
5 Year Fixed - 2.74%* High Ratio
5 Year Fixed - 2.84%* Conventional
5 Year VRM - 2.20* High Ratio
5 Year VRM - 2.30* Conventional
* Restrictions Apply - Call or PM for details

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[TimLacroix]

Current Rates to Open Week December 1, 2014

Special Rate Offer

3 Year - 2.49% (High Ratio only)
Quick Close - Close within 45 days

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
3 Year Fixed - 2.69%
4 Year Fixed - 2.77%
5 Year Fixed - 2.89%

3 Year + ARM - 2.35%
5 Year ARM/VRM - 2.40% to 2.35%

Restricted / Conditions apply Rates
Starting at:
5 Year Fixed - 2.74%* High Ratio
5 Year Fixed - 2.84%* Conventional
5 Year VRM - 2.20* High Ratio
5 Year VRM - 2.30* Conventional
* Restrictions Apply - Call or PM for details

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[Bowen]

Just wanted to give Tim a positive review for our recent home purchase. Tim and his team were professional throughout the whole process. We were pre-approved within minutes and closer to possession was a breeze. The lawyer had even commented on how unusually fast the documents were prepared in advance.

Tim was available to answer any questions I had no matter the time of day and I would not hesitate to refer him to anyone I know.

Thanks Tim!

[TimLacroix]

Originally posted by Bowen
Just wanted to give Tim a positive review for our recent home purchase. Tim and his team were professional throughout the whole process. We were pre-approved within minutes and closer to possession was a breeze. The lawyer had even commented on how unusually fast the documents were prepared in advance.

Tim was available to answer any questions I had no matter the time of day and I would not hesitate to refer him to anyone I know.

Thanks Tim!

Thank you Bowen! Glad that you and Kim will be in you NEW home for the holidays. Have a great Christmas and New Year! ~Tim

[G]

I too recently used Tim for my mortgage needs. After being out of the mortgage game for a few years I was unsure what to look for. Tim provided us great service and knowledge on all the offerings out there. Possession date was smooth as can be. His whole team is on top of it all the time.

[Mitsu3000gt]

I just used Tim to renew my mortgage as well. He got me a great rate (better than expected), and was patient with my disorganized approach and endless questions. Good communication throughout, he was knowledgeable, and I would highly recommend him to anyone else looking to renew or obtain a new mortgage .

I should also add that I contacted him on very short notice (about a week before my renewal) and he went out of his way to make it work.

[TimLacroix]

Originally posted by G
I too recently used Tim for my mortgage needs. After being out of the mortgage game for a few years I was unsure what to look for. Tim provided us great service and knowledge on all the offerings out there. Possession date was smooth as can be. His whole team is on top of it all the time.

Originally posted by Mitsu3000gt
I just used Tim to renew my mortgage as well. He got me a great rate (better than expected), and was patient with my disorganized approach and endless questions. Good communication throughout, he was knowledgeable, and I would highly recommend him to anyone else looking to renew or obtain a new mortgage .

I should also add that I contacted him on very short notice (about a week before my renewal) and he went out of his way to make it work.

Thank you G & Mitsu3000gt for the review. Glad to hear that we were able to be a part of your home financing needs! Thank you and Welcome Home! ~Tim and team!

[ducaudi]

Tim and Krista were super helpful, were with me every step of the way. They stayed in contact with me when anything came up and helped ensure everything went smoothly when I took possession. Many thanks and gratitude to Tim and Krista!

[TimLacroix]

Originally posted by ducaudi
Tim and Krista were super helpful, were with me every step of the way. They stayed in contact with me when anything came up and helped ensure everything went smoothly when I took possession. Many thanks and gratitude to Tim and Krista!

Thank you ducaudi for the great review. Feedback is always appreciated...

[gwill]

Tim: I am curious why brokers are only advertising the 5 yr fixed at 2.89 when there are easily better rates out there. I mentioned on another thread about scotia bank messing around with my rate so i went elsewhere and was given less then the 2.89 your advertising.

Do you guys have restrictions on openly advertising different rates? I know my inbox is still getting hit from different lenders and they also only advertise the 2.89 5 yr fixed and nothing better.

[w_man]

I must have forgotten to come in here and leave a quick Thank You for Tim.

Earlier this year I contacted Tim for some advice on a renewal of a mortgage on my investment property in Canada, while I'm overseas. He ended up giving me a very honest and straight forward advice - even though his advice was not to purchase mortgage through him.

Great and honest guy!

I'll certainly be forwarding your name to friends and family.

Cheers.

[TimLacroix]

Originally posted by gwill
Tim: I am curious why brokers are only advertising the 5 yr fixed at 2.89 when there are easily better rates out there. I mentioned on another thread about scotia bank messing around with my rate so i went elsewhere and was given less then the 2.89 your advertising.

Do you guys have restrictions on openly advertising different rates? I know my inbox is still getting hit from different lenders and they also only advertise the 2.89 5 yr fixed and nothing better.

Hi gwill, I have also PM'd you!

Thank you for the post and query/ comments! The reason why most brokers post the 2.89% rate is because it comes with full privileges and no restrictions/ conditions (fine print).

NOTE: occasionally, there are lower rates than 2.89% when lenders offer promotional (quick close) rates... and these usually do not have restrictions either... other than the mortgage needs to close with 30-45 days.

As for the other rates that we also advertise, such as 2.74% rates... these however have restrictions/ conditions that sometimes are not worth a consumers time as in the end, the cost is higher. ie: breaking the mortgage, issues with porting, not able to increase, etc... the penalty on these rates are as much as 3% of the mortgage balance.

The other aspect of rate is that NOT ONE RATE fits all!

As part of our due diligence with each client is understanding their needs and potential goals... then discuss the pros and cons of each lender, rate, product, solution...

gwill, please call or PM if you would like to discuss further... ~Tim

[TimLacroix]

Originally posted by w_man
I must have forgotten to come in here and leave a quick Thank You for Tim.

Earlier this year I contacted Tim for some advice on a renewal of a mortgage on my investment property in Canada, while I'm overseas. He ended up giving me a very honest and straight forward advice - even though his advice was not to purchase mortgage through him.

Great and honest guy!

I'll certainly be forwarding your name to friends and family.

Cheers.

Thank you w_man... you are correct, We won't do something just to do it... it has to make sense to you.

[TimLacroix]

Current Rates to Open Week December 8, 2014

Special Rate Offer

3 Year - 2.49% (High Ratio only)
Quick Close - Close within 45 days

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
3 Year Fixed - 2.69%
4 Year Fixed - 2.77%
5 Year Fixed - 2.89%

3 Year + ARM - 2.35%
5 Year ARM/VRM - 2.35%

Restricted / Conditions apply Rates
Starting at:
5 Year Fixed - 2.74%* High Ratio
5 Year Fixed - 2.84%* Conventional
5 Year VRM - 2.20* High Ratio
5 Year VRM - 2.30* Conventional
* Restrictions Apply - Call or PM for details

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[TimLacroix]

Current Rates to Open Week December 15, 2014

Special Rate Offer

3 Year - 2.49% (High Ratio only)
Quick Close - Close within 45 days

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
3 Year Fixed - 2.69%
4 Year Fixed - 2.77%
5 Year Fixed - 2.89%

3 Year + ARM - 2.35%
5 Year ARM/VRM - 2.35%

Restricted / Conditions apply Rates
Starting at:
5 Year Fixed - 2.74%* High Ratio
5 Year Fixed - 2.84%* Conventional
5 Year VRM - 2.20* High Ratio
5 Year VRM - 2.30* Conventional
* Restrictions Apply - Call or PM for details

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[TimLacroix]

Current Rates to Open Week December 22, 2014

Special Rate Offer

3 Year - 2.49% (High Ratio only)
Quick Close - Close within 45 days

3 Year ARM - 2.25% (Prime - 0.75%)
90 Days - Some restriction apply (call/email for more details)

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
3 Year Fixed - 2.69%
4 Year Fixed - 2.77%
5 Year Fixed - 2.89%

3 Year + ARM - 2.35%
5 Year ARM/VRM - 2.35%

Restricted / Conditions apply Rates
Starting at:
5 Year Fixed - 2.74%* High Ratio
5 Year Fixed - 2.84%* Conventional
5 Year VRM - 2.20* High Ratio
5 Year VRM - 2.30* Conventional
* Restrictions Apply - Call or PM for details

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice

[A2VR6]

Just wanted to write a quick review on my experience with Tim and Krista. Tim was awesome throughout the whole purchase process and even kept me up to date on everything while he was on vacation!

Tim got me a great rate based on my needs and when we had to clear conditions in less than week, Tim was more than willing to step up to the plate to get it done. He also recommended me a great lawyer to handle the purchase and the sale of home.

[TimLacroix]

Originally posted by A2VR6
Just wanted to write a quick review on my experience with Tim and Krista. Tim was awesome throughout the whole purchase process and even kept me up to date on everything while he was on vacation!

Tim got me a great rate based on my needs and when we had to clear conditions in less than week, Tim was more than willing to step up to the plate to get it done. He also recommended me a great lawyer to handle the purchase and the sale of home.

Thanks for the testimonial "Chris"... hope I figured out the handle... LOL. Hope you guys are enjoying your new home... it was a pleasure to assist you! Merry Christmas...

[TimLacroix]

Current Rates to Open Week December 29, 2014

Special Rate Offer

3 Year - 2.49% (High Ratio only)
Quick Close - Close within 45 days

3 Year ARM - 2.25% (Prime - 0.75%)
90 Days - Some restriction apply (call/email for more details)

Full Feature Rates -- 90 to 120 day rate protection
Starting at:
3 Year Fixed - 2.69%
4 Year Fixed - 2.77%
5 Year Fixed - 2.89%

3 Year + ARM - 2.35%
5 Year ARM/VRM - 2.35%

Restricted / Conditions apply Rates
Starting at:
5 Year Fixed - 2.74%* High Ratio
5 Year Fixed - 2.84%* Conventional
5 Year VRM - 2.20* High Ratio
5 Year VRM - 2.30* Conventional
* Restrictions Apply - Call or PM for details

Call or PM for MORE "UnPublished" rates or other term information.

OAC, some terms and conditions may apply, rates subject to change without notice