Lynn Meldrum's (lmeldrum) Blog

There There are ways that can make the application for your mortgage go smoothly.  My job as a Mortgage Specialist is to make your mortgage application go seemlessly but I do need your help in this.  Tip number 1 is to be realistic with down payment.  If you have had some credit problems in the l...

Well I've been a busy time and wasn't blogging for a while and I must say that Idid miss it.  It's nice to put your thoughts on the net and have see what other think as well so I'm back and ready to roll.   Interest rates have become super competitive and seem to be in a constant flux of change. ...

Well spring is here, I think.  Interest rates have reached a almost all time low and there are still houses and condos being purchased.  However right now the refinance and renewal mortgages are something to really look into.  At this point if you had your mortgage either renewed or refinanced or...

Well I just blooged the other day about it going down another quarter of a point and here it is.  For all of you folks with adjustable rate mortgages, congradulations your mortgage payment goes down again. The Lenders are putting this into practice as we speak, so the next little while we shall s...

Well interest rates are still going down not dure how low they will go but they have slowed down just a bit here they are as of Thursday April 9, 2009     Term Our Discounted Posted Bank Rate Adjustable Prime plus 0.80% Prime Plus 1% 1 Year 3.00% 5.50% 2 Years 3.69% 5.75% 3 Years 3.69% 5.75% 4 Ye...

Mortgage Rates haven't changed overnight everything as I blogged yesterday.  And now for something completely different.     Now for a Funny I did what you told me...  3 YEARS IN A ROW !!!!!!!!!!  I sent the email to 10 people like you said. I'm still waiting for that miracle to happen To all my ...

How low will the interest rates go before they start to eek up?  That's the million dollar question for everyone in the Mortgage and Financial feild.  If I only had a crystal ball!  However in good news, Resale in homes has risen for the first time since Sept 2008.  Always some thing to look forw...

Lynn Meldrum , Mortgage Professional  Verico Canada First Mortgage Phone 1-403-554-9142 Fax  1-866-53-4235 Email  lynn@canadafirstmortgage.com Term Our Discounted Posted Bank Rate Adjustable Prime plus 0.80% Prime Plus 2 1 Year 3.25% 5.50% 2 Years 3.69% 5.75% 3 Years 3.69% 5.75% 4 Years 3.79% 5.6...

Below are the mortgage rates for today.    Lynn Meldrum , Mortgage Professional   Verico Canada First Mortgage Phone 1-403-554-9142 Fax  1-866-53-4235 Email  lynn@canadafirstmortgage.com                           Term Our Discounted Posted Bank Rate Adjustable Prime plus 0.80% Prime Plus 2 1 Year...

Well with the changes that the Canadian Government made to how we lend money there have been some changes.  Most obviously is mortgages for self employed and small business owners.  At one point we could state the inome of the client, the lendr would require a business license but nothing with in...