CanEquity Blog on What’s New?

CanEquity is always working hard to continue to protect our customers and their data. Our close relationship with the Privacy Commission has given us inside knowledge on how best to protect our clients’ information while providing the safest and fastest online service possible.

CanEquity has taken steps in the following ways:

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The federal government made an announcement this week about the upcoming changes to the mortgage lending market in Canada. This measure was taken to counter any overuse of the credit market and lending guidelines.

Many Canadians find themselves in a position where they need to take out equity in their homes to pay off debt or take care of other money concerns. This is not a bad move generally but it can be if all the equity is taken from the home to do it. The Finance Minister has decided that this should be scaled back slightly to protect the Canadian homeowner from overextending themselves and having no options if their situation should worsen.

In layman’s terms, here are the new mortgage rules for Canadian borrowers:

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Our promise to you…

We pride ourselves on customer service and consumer privacy. Since 2002, with our encrypted online mortgage application, we have been an industry leader in mortgage technology and security. Our staff are all highly screened and interviewed before employment commences and police checks are performed on each call centre representative. Our company was created by honest and hardworking people and we only want to work alongside other honest and hardworking people. You have my assurance that your file will always be dealt with professionally, promptly and with the utmost privacy and security. You have our promise.

Anthony De Almeida, CEO

CanEquity now has available the product that enables you to use your home’s equity to refinance your home faster, more efficiently and with NO LEGAL FEES! Whether you refinance for home improvements, debt consolidation, education or investment purposes, the new CanEquity Refinance Program will help make your dreams a reality.

CanEquity’s Refinance Service includes:

• Convenient in-home or in-office document signing service
• Standard legal fees paid
• Worry-free preferred mortgage rate pricing on 3 & 5 year fixed rate terms as well as the 5 year adjustable rate term
• High Ratio, Conventional and Business for Self mortgages are available with this CanEquity Refinance Service.

Canadian Mortgage Market Proves Forecast Wrong

Predictions that this year would see a slow uptake of Canadians taking on new mortgages have been proven erroneous. Canada’s mortgage targets for 2009 were surpassed by 15 per cent in February, with Calgary’s mortgage market seeing even greater climbs.

This past February CanEquity Mortgage saw a 42 per cent gain in mortgage originations over February, 2008, and a 17 per cent hike from January. While November, 2008 was the slowest month for mortgages in Calgary, the municipality has seen a steady and significant ascent in mortgage purveyance every month since then. If this trend proves continuance, 2009 will be a much brighter year for the real estate market than the annum previous.

The CanEquity Team is proud to present…

The Equity Mortgage

Arguably as Canadians we live in one of the best countries in the world, we are however one of the most taxed. The Equity Mortgage allows you the benefits of a tax deductible mortgage and creates an investment portfolio with all the same monthly payments. Imagine getting money back from the government by making your same monthly mortgage payment!

Your bad mortgage debt is easily transferred into good investment debt, with the same monthly payment! Learn more about the leveraging ability of this product today by contacting one of CanEquity’s licensed mortgage specialists.

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CanEquity looks at TFSAs

One of the focuses of last year’s budget was the announcement of a new Tax-Free Savings Account (TFSA). Targeted to lower-income earners, not necessarily benefiting from traditional tax-sheltered plans like RRSPs, the TFSA has now been sparking interest in the mortgage community.

Can it now be leveraged towards a downpayment for a house or used to offset your mortgage interest rates allowing you to make lump-sum payments? CanEquity Mortgage investigated the advantages to the new Canadian Tax-Free Savings Account.

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