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1 Year
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Averbach 5 Year Anniversary

News from Averbach Mortgages

Averbach Mortgages Profiled In CMP Magazine

Averbach Mortgages has been featured in the latest edition of CMP's (Canadian Mortgage Professionals) Mortgage Broker News.

Read the rest of the article (PDF)

Mortgage Broker News talks to Averbach Mortgages

"It was once the impossible dream, say brokers. But some lenders are now holding a fixed rate for as long as 7, 30 or, even, 90 days, buying existing clients the time to decide whether to convert their variable mortgages."

Read the rest of the article

Averbach Mortgages President Mike Averbach talks to CTV's Shannon Paterson

Averbach Mortgages President Mike Averbach is asked by CTV's Shannon Paterson, how many of his clients and first time home buyers are putting less than 20% down (CMHC Hi-Ratio) and choosing a 35 year amortization?

Globe and Mail talks to Mike Averbach about questions to ask before you buy a home

Wondering if you should continue renting or take the plunge into home ownership? To help you clarify this debate, Globe and Mail compiled a list of questions from various professionals associated with a real estate transaction. switch to another lender when their mortgages come up for renewal.

Globe And Mail

Globe and Mail talks to Mike Averbach about TD's changes to their mortgage program

TD Bank is revamping its mortgage program, making it easier for homeowners to tap into their equity and harder for them to switch to another lender when their mortgages come up for renewal.

Globe And Mail

CTV interviews Mike Averbach

Mike Averbach and his client, Mark Goodman are interviewed regarding fixing in a great variable rate mortgage.

CBC The National talks to Mike Averbach

Mike Averbach helps a couple of wonderful clients get in under the wire of the CMHC Mortgage Rule deadline of April 19th

YourHome.ca talks to Mike Averbach about rental offset changes

Perhaps the most painful rule change to buyers looking to make the jump to a detached home with a rental suite.

YourHome.ca

Follow this link to the article.

Vancouver Sun notes Averbach Mortgages comments on locking in or staying with a variable rate mortgage

The Vancouver Sun follows Averbach's comments on how people can try paying fixed rate payments on a variable rate mortgage.

Follow this link to the article.

Vancouver Sun notes Averbach Mortgages comments on dealing with low interest rates

The Vancouver Sun follows Averbach's comments on how people that have Variable Rate Mortgages at extremely low rates can plan for the future

Follow this link to the article.

Vancouver Sun

Globe and Mail Report on Business talks to Mike Averbach about the dangers of low Variable Rate Mortgage interest rates

Many Canadians taking on extended terms with no down payment at low variable rates. But what will happen when rates inevitably rise?

Globe And Mail

Vancouver Sun follows Averbach Mortgages Newsletter

The Vancouver Sun follows Averbach's comments on how 'Positive Economic News Will Lift Interest Rates'

Follow this link to the article.

Averbach Mortgages comments in the Vancouver Sun

Mike Averbach is asked to comment on mortgages in two Home Brief articles in the Vancouver Sun

Vancouver Sun

Follow this link to the first article on September 5th: Link

Follow this link to the second article on September 12th: Link

B.C.'s Plummeting Home Values Affect Eligibility for Lower Interest Rates

With interest rates at an all time low, mortgage brokers are being inundated with calls from optimistic homeowners looking to refinance at lower rates. Unfortunately a 10 to 15 per cent plunge in B.C.s real estate market over the past year means refinancing to take advantage of lower interest rates is impossible for some. A recent study by independent broker firm Averbach Mortgages found only two out of 10 clients actually qualified for refinancing.

Follow this link to read the full article.

Globe And Mail

Canadian Business Online

Muchmor Magazine

News 1130

Canadians refinancing mortgages to pay off debts

Record low interest rates are spurring more Canadians to refinance mortgages to consolidate debt, a trend that is expected to grow as Ottawa moves to loosen lending conditions and encourage spending on housing.

Follow this link to read the full article.

Averbach and CTV

Averbach Mortgages is interviewed about the current mortgage market and first time buyers.

Mike Averbach is asked by the Vancouver Sun about the effect of low interest rates on Canadian mortgages.

Vancouver Sun

Averbach Mortgages in asked about low Canadian interest rates.

Mike Averbach is asked about the effect of low interest rates on Canadian mortgages. This article has been featured in the news outlets listed below.

Follow this link to read the full article.

Globe And Mail

Exhange Post

Averbach Mortgages in 24 Hours

24 Hours gets Justin Blacklocks' opinion on the variable rate mortages and the credit crisis

Follow this link to read the full article.

24 Hours

Averbach Mortgages in Realty Times

Realty Times gets Mike Averbachs' opinion on the tightening of mortgage rules

Follow this link to read the full article.

Realty Times Logo

Averbach Mortgages in Business in Vancouver

Business in Vancouver interviews Mike Averbach to get his opinion on changes to the long term mortgage rules.

Follow this link to read the full article.

Business In Vancouver Article

Averbach Mortgages featured in Globe and Mail Article

Averbach Mortgages talks with the Globe And Mail about the recent changes in Canadian mortgage policy in regards to cancelling 40-year mortgages and 100% financing.

Follow this link to read the full article.

Globe And Mail

Meinhardt Fine Foods Combines with Averbach Mortgages on a Co-marketing Campaign

February 22nd, 2008

Meinhardts

Averbach

The Averbach Mortgages Team is please to announce a marketing collaboration with Meinhardt Fine Foods, South Granville's favorite grocery store. "We are thrilled with the opportunity for the chance to put our name alongside a long standing and well recognized brand," says Mike Averbach, owner of TMG The Mortgage Group Averbach Mortgages Ltd.

Averbach Mortgages will begin a major admail campaign distribution to nearly 12,000 door steps in the South Granville area starting March 3rd, 2008. If you live in between Burrard and Oak Street and West 33rd and False Creek, you will receive our double-sided 12 x 3.5 inch postcard with a perforation to detach a coupon for redemption at Meinhardt Fine Foods (a new one every month!). On the other side, there is the contact info for Averbach Mortgages mortgage manager, Justin Blacklock.

Meinhardt Fine Foods will have an in-store display with the selected item for that month and the ad piece/coupon readily available. They will also be putting flyers in bags so when you visit Meinhardt's next you can take advantage of the offer. "This is huge exposure for the Averbach Mortgages brand!" Mike adds, "We are certainly piggy-backing off of the strong Meinhardt name. We wanted to do something very different, something that no broker firm or individual has done before. What better way to do it than within my own community!"

The admail campaign is expected to go on indefinitely though the co-marketing with Meinhardt is only expected to run through the end of Spring but possibly longer.

The BC Government has amended the First Time Home Buyers requirements.

February 20th, 2008

The qualifications for the exemption have changed. A first time home buyer can now qualify for a full exemption with a purchase price of less than $425,000.00 (previously $375,000.00).

A partial exemption is available if the purchase price is more than $425,000.00 but less than $450,000.00.

Also, there is no longer a requirement to finance at least 70% of the purchase price or a restriction on making lump sum payments during the first year.

For more information, go directly to the BC Government Web Page

Averbach returns to The Mortgage Group

July 17th, 2007

Mike Averbach has incorporated his company Averbach Mortgages Ltd., which has been a dream of his since entering the industry in 2004. Mike will be hiring on new sub brokers and will be announcing the appointment of his mortgage manager shortly.

To learn more about The Mortgage Group click here.

Stay tuned and check back often!

A New Website for AverbachMortgages.com

April 1st, 2007

Averbach Mortgages is pleased to announce that our new website is now online. AverbachMortgages.com features up-to-date interest rates, easy to use calculators and a more readable format. The Averbach Mortgages Team welcomes any comments you may have about our new website. Averbach Mortgages specializes in developing personal relationships with our customers in Vancouver BC and the BC Lower Mainland. We are here to serve you by finding you the best mortgage and best mortgage rates possible. Please, feel free to contact us.

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