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News from Averbach Mortgages
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.
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?
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
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.
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 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.
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.
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.
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.
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.
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.
Meinhardt Fine Foods Combines with Averbach Mortgages on a Co-marketing Campaign
February 22nd, 2008
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.
