Need mortgage financing? There’s value in getting a FREE second opinion!

For most people, their mortgage represents the largest and lowest-cost debt obligation, and their home is generally their most significant asset. That’s why getting the right mortgage is so important – it can protect you from a financial downturn, save you thousands of dollars, and help build your wealth over time.

Compare the services available to you and you will understand why a second option can be so valuable, including the potential to save thousands of dollars.

	My Services	The Bank’s Services
Product Choice & Access to Lenders	I have access to over 50 competing lenders, including most of the major banks, I am aware of rate promotions as they become available.	Access to the bank’s line of mortgages, so you are limited to what the bank offers.
Independence & Objectivity	I work for you, not for any one lender. That means I find the best mortgage from the marketplace for your specific situation.	Mortgage specialists work for the bank. Hopefully there is a mortgage within that limited product suite that meets your needs
Rates	Our overall volume gives us negotiating power with our lenders. We can often get a better rate for you from your own bank. Getting a lower rate can potentially save you thousands of dollars. And I can often guarantee an interest rate for 90-120 days	Depends on the rates set by that particular bank. You will not be advised if there is a better deal elsewhere. They don’t shop the market; they only have access to their line of mortgage products.
Ongoing Service	I will keep in touch with you after your mortgage closes and all through your mortgage years. I conduct annual mortgage reviews, and as your needs shift, we will tailor your mortgage plan so it always fits your current goals.	You will get an annual statement and a notice for your mortgage renewal.
Advice & Strategies	I will provide ongoing advice specific to your situation, whether that is to consolidate debt, buy a next home, pay off your mortgage faster, or invest in property. You deserve dedicated attention.	Not often available. Mostly available for order taking situations. No proactive advice is typically provided and you may not be dealing with a licensed mortgage specialist
Cost	No cost. I am paid by the lender that funds the mortgage.	No cost.

If there is a better mortgage for you in the marketplace, I can help you find it.

Get a FREE second opinion today and possibly save thousands of dollars!

Mustapha Maynard, AMP Mortgage Planner
Mortgage Architects Designed around you
Direct Line: 877-356-3575 Fax: 902-677-2731
mustapha.maynard@mtgarc.ca
www.mustaphamaynard.ca

SAME MORTGAGE ADVICE AND SERVICE

Over the years I’ve helped many people achieve their dreams of home ownership and financial security. It’s been a rewarding past. Recently, I was presented with a wonderful opportunity: to join an elite mortgage firm in Canada. Now, I’m looking forward to an exceptionally exciting future.

I have chosen to join Mortgage Architects TM, a move that will deliver new value to my clients and business partners, including exclusive access to a suite of innovative mortgage products.

Mortgage Architects offers expertise, in-depth industry insight, exceptional resources, and an outstanding range of mortgages from over 50 banks and lenders. Mortgage Architects is structured to be owned by the planners themselves and is one of the fastest growing mortgage companies in Canada. They’re building a very proudly Canadian company dedicated to providing homeowners with the next generation of mortgage advice and service.

While it’s exciting to be at the forefront of innovation, my mission hasn’t changed. I’m here to provide professional mortgage advice for my clients and their friends, family and colleagues.

Whether you have questions about your current mortgage, are considering a new home, cottage, or rental property, or would like to reposition high interest debt, I’m here, as always, to discuss your options.

Mustapha Maynard, AMP Mortgage Planner
Mortgage Architects Designed around you
Direct Line: 902-356-3555 Fax: 902-677-2731
Toll Free: 888-530-3024
mustapha.maynard@mtgarc.ca
www.mustaphamaynard.ca

Bank of Canada cuts interest rate to lowest level practically possible

OTTAWA - The Bank of Canada says the recession is far worse than it previously thought and has slashed its overnight interest rate to the lowest practical point, to 0.25 per cent.

The central bank says it will likely have to keep the trend-setting rate at that floor until mid-2010 in order to try to lift the economy out of its slump.

The bank's decision was not unexpected, but the considerably darker view of the economic situation it presented along with Tuesday's bank rate cut was a surprise.

The central bank now says the economy will shrink by a massive three per cent this year, almost three times as much as the 1.2 per cent it forecast as early as last January.

And it says the economy won't rebound nearly as strongly as it thought, saying any recovery won't start until the fourth quarter and growth next year will be more muted, at 2.5 per cent instead of the 3.8 per cent previously expected.

BMO just announced it is dropping its prime rate 1/4%, in line with the Bank of Canada.

BMO was the first big bank to move today. Their statement was issued at 9:01am ET, just one minute after the Bank of Canada’s announcement.

The rest of the five major banks are expected to follow.

BMO said that it’s closed variable-rate mortgage will now be priced at 3.05% (prime + 0.80%).

For More Information on Current and Future Product Information
Please feel free to contact
Newmark Mortgages and Financial Services

1-888-530-3024

ASK FOR MAYNARD

Walmart Pricing vs. Mortgage Pricing

If you walk down any aisle at Walmart you’ll see a lot of products priced at $4.99, $9.99, $19.99, and so on. When it comes to choosing between purchases, people instinctively gravitate to prices with lower leading digits.

Not surprisingly, it’s no different in the mortgage world. At the moment, for example, there’s no shortage of 5-year fixed rates at 3.99%. Lots of non-bank lenders now seem to be congregating there, like a herd of buffalo waiting for the next buffalo to run.

There’s no magic to 3.99%. It’s not based on any specific cost of funds formula. It’s simply a number that makes people say “Wow, under 4% for a 5-year mortgage sounds great!”

As such, don’t expect to see a lot of 4.00% mortgage offers out there. If you do see another mortgage that’s 0.01%-0.02% more expensive, forget the psychology. Compare that mortgage’s features with the alternatives. A 0.01% discount saves the average borrower just $60.58 over five years (given the average Canadian mortgage of $127,000, a 25-year , etc.). Yet, feature differences or little quirks in pre-payments, penalty calculation, fees, rate holds, amortization etc. can cost you FAR FAR more. In the mortgage business, looking at the forest instead of the trees can be quite fruitful indeed.

For More Information on Current and Future Product Information
Please feel free to contact
Newmark Mortgages and Financial Services

1-888-530-3024

ASK FOR MAYNARD

IMPORTANT PLEASE READ - GOVERNMENT OF CANADA CHANGES

The Government of Canada today announced adjustments to the rules for government guaranteed mortgages aimed at protecting and strengthening the Canadian housing market. The new measures include:
Fixing the maximum amortization period for new government-backed mortgages to 35 years;
Requiring a minimum down payment of five per cent for new government-backed mortgages;
Establishing a consistent minimum credit score requirement; and
Introducing new loan documentation standards.
Today’s announcement marks a responsible and measured approach by the Government to ensure Canada’s housing market remains strong and to reduce the risk of a U.S.-style housing bubble developing in Canada.
The new limits are planned to take effect October 15, 2008. This would allow existing mortgage pre-approvals with the common 90-day duration to be used or expire. Certain exceptions would also be permitted after October 15. The Government will work closely with all stakeholders to ensure timely and effective implementation of these measures.
As these measures relate only to new, government-backed insured mortgages, Canadians who already hold mortgages will not be affected by this announcement.
The measures announced today will build on the strength of Canada’s housing market. According to the International Monetary Fund, the increase in house prices in Canada is based on sound economic factors such as low interest rates, rising incomes and a growing population. A recent Statistics Canada report concluded that home ownership is at record levels, with over two-thirds of Canadians owning their own home.
Mortgage arrears—overdue mortgage payments—have also remained low. In recent years, the percentage of mortgages in arrears for three months or more continues to be at low levels not seen since 1990.

For More Information on Current and Future Product Information
Please feel free to contact
Newmark Mortgages and Financial Services

1-888-530-3024

ASK FOR MAYNARD

ANNOUNCING New Web Site - Newmark Mortgages

There you will find more information on our services, products, rates and be able to subscribe to our new newsletter, hope to see you there

Mustapha Maynard
Newmark Mortgages and Financial Services
newmarkmortgages.com
Servicing Nova Scotia And Canada

!!! GETTING BACK ON TRACK !!!

Realizing you have a problem is your first step to recovery. Even if you are just slightly credit impaired, there is no time like the present to give yourself, and your finances a helping hand.

With a second mortgage (home equity loan), you can pay off your current bills, reduce your monthly payments and balance your budget. You'll have more money to spend each month and have fewer bills to pay.

Why pay more than you really need to every month?

I could help you to pay off your debts and provide you with one lower monthly payment.

Here's an example of how bill consolidation second mortgage can work.

Let’s say you have $50,000 in home equity (difference between home value and 1st mortgage) and you owe about $45,000 on 5 different credit cards with minimum monthly payments of $1,350 at 18.5% interest rate.

I could replace it with a second mortgage home equity loan and lower your monthly payment to around $500 dollars per month.

This would be a painless way for you to save $850.00 monthly.

If you were to invest that cash somewhere instead of giving it to your credit card companies then in 5 years you would have at least $60,000 and that would be a big difference from your current situation!

Now what if you were to take this one step further and use some of your savings to start a home based business? You could become a member of my network marketing team and turn that cash to several thousands of dollars of extra monthly income in 12 months or less!

But first let’s take care of your bills...

Go to http://www.centum.ca/mustapha_maynard/ to apply on-line and we’ll call you to discuss your situation further.

Thank you

Mustapha Maynard
http://www.centum.ca/mustapha_maynard/
1-888-530-3024