Mii Mortgage Group

I am very proud to become a partner of Trusted Regina. You may not have heard of them yet but you will as they officially launch in the coming weeks! This great new website does the due diligence for consumers to ensure you are dealing with a reputable business. We went through a background check, provided proof of licensing, and also had to provide numerous clients to be contacted as references. After all this I am happy to say we were approved as a trusted business in Regina! Check out their website where you will find only a select few who qualify to be considered the best of the best from each industry.

We strive to always take care of our clients with the best service possible. Now as a TrustedRegina.com partner you can ensure our business has completed a thorough background check. Here you will find myself and MII Mortgage Group. Visit the mortgage page to view numerous testimonials from our satisfied clients.

Watch for Trusted Regina as billboards, tv ads, radio ads and other advertisements pop up around the city!

Visit www.TrustedRegina.com for more information.

A recent Bank of Montreal study says that variable rate mortgages have worked out to be better than fixed rate mortgages 83% of the time since 1975. I believe we are now entering a time when fixed rates will out perform variable rates and here is why…

The discounts on variable rate mortgages has been reduced significantly over the past month. For the past couple years, Canadians have leaned very heavily towards variable rate mortgages due to the Bank of Canada holding the prime lending rate at record lows and five year variable mortgages being offered at rates as low as prime minus 0.85% equal to 2.15%. With the latest financial worries across the world, lenders have raised variable rates. It is now difficult to find better than prime minus 0.20% or 2.80% and this still seems to be rising.

Traditionally the five year fixed rate mortgage would be 1% to 2% higher than the five year variable rate, depending on the prevailing yield curve. The yield curve shows the difference between short term rates and longer term rates. Today you can get a variable rate mortgage for 2.80% and a five year fixed at 3.29% per cent that is just a 0.49% premium. That is a steal on a historical basis.

Now factor in the fact that today’s prime rate is among the lowest in history at 3.00% as set by the bank of Canada and all economic analysts believe rates will be higher over the next 2-3 years. With only a 0.49% premium on the fixed rate today for the benefit of having a locked in rate for five years, now might be the time to lock in!

If you are a first time home buyer or simply looking to get pre-approved but don’t know which product is right for you, our team can help you weigh your options and discuss all the risks to fixed vs variable rate products.

Mii Mortgage Group is now offering a new 5 year fixed rate special at 3.29%! This rate comes with all pre-payment options and a 120 day rate hold. It cannot be held as a pre-approval so you must have a firm offer in place to secure this rate. It is also available for mortgage refinances.

If you are interested in this rate special please contact me anytime or go ahead and fill out our online mortgage application on our website to get approved today!

Mii Mortgage Group has partnered with one of the highest traffic realtor websites in Regina. Kashlee Parmiter is a highly successful realtor in Regina and provides one of the best Realtor websites in Canada. The MLS search section allows you to view new listings each day, full MLS searches, listings in each neighborhood of Regina, and also her featured listings and open house events.

We are proud to work with Kashlee to provide our visitors with not only all the tools our website already has to offer, but also all real estate tools her website has to offer. Visit our website at www.MiiMortgageGroup.com to search all listings available on the MLS system.

Saskatchewan forecast to be No. 1 for economic growth leading the country in 2012 – http://ow.ly/6t6kA

Variable interest rates are on the rise – most banks are decreasing the discounts on variable rates so lock in your rate ASAP!

5 Year Fixed rate drops to 3.44%! http://ow.ly/5ZWoo

Regina home prices to rise by 5% over the next 12 months – http://ow.ly/5PRLH

Flaherty says no new mortgage rules despite record high household debt – http://ow.ly/5nT8L

The perks of using a real estate agent – http://ow.ly/5irSN