Avoid Scams!

It came to my attention that some homeowners are being ripped off by hard money lenders operating in greater Toronto area.

You’ll probably find these hard money lenders advertising their “fast money” second mortgages in many newspapers across this country.

They’ll approve your application very quickly and then ask you to send them $500 cash to get the ball rolling.

This is a scam and I want you to stay away from these people.

In Ontario, it is illegal for a mortgage brokers to request up front fees on all mortgages below $300,000.

If your mortgage is below $300,000 then they can’t ask you to send them money to get the ball rolling!

If this happens to you then please report them to FSCO ( www.fsco.ca ) immediately.

This is yet another reason why you should work with only one mortgage broker agent and stay with that broker/agent for life.

Your broker/agent should be knowledgeable and experienced and have at least 10 years experience.

I usually start working with my clients on their first home purchase and then look after their mortgage renewals, debt consolidation mortgage refinancing, home equity loans and/or second mortgages.

Majority of my clients stay with me for life because they know they’ll get a great service from me with the best rates on the market for their situation.

If you have a situation you’d like me to look at then simply visit my website www.joemalek.com where you can apply online on my secure server and I’ll get back to you very quickly.

Thank you

Joe Malek
Mortgage Agent #M0084649

My Best Mortgage Rates

Are you back from your March break yet?

Check out my best mortgage rates!

This is the perfect time to refinance and consolidate debt or purchase your dream home. I can make sure you get the mortgage that meets YOUR needs.

Today’s best rates...

5.20% = 6 month
3.50% = 1 year
3.99% = 2 year
3.69% = 3 year
4.14% = 4 year
3.85% = 5 year
5.40% = 6 year
5.15% = 7 year
5.80% = 10 year
3.30% = Variable

Simply apply online at http://www.joemalek.com/

OAC. Certain conditions may apply. Rates are subject to borrower and property qualification. Posted rate is the rate offered by the majority of Canadian financial institutions. Rates may vary and are subject to change without notice.

Thank you

Joe Malek
Mortgage Agent #M08004649

Bank of Canada Cuts Again

The Bank of Canada cut its key interest rate by a half-point on Tuesday to a record low of 0.5 percent, as expected, but it’s really too bad they didn’t act sooner.

All of this rate cutting should’ve been done when Canadian dollar was $1.10 U.S. dollar.

It would’ve saved thousands of Canadian jobs and hundreds of foreclosures which despite what you see on your TV… IS happening here in Canada!

These rate cuts came in too late for thousands of homeowners who were not able to refinance and are now facing foreclosures, collection calls and judgments.

Don’t let this happen to you…

Go to my website www.joemalek.com where you can apply online… you just may qualify to reduce your monthly payments by 50% or more and save your home from foreclosure.

Joe Malek
Mortgage Agent #M08004649

Mortgage Rates Are Heading Down!

I expect the mortgage rates will go down in March making this the perfect time to refinance and consolidate debt or purchase your dream home.

I can make sure you get the mortgage that meets YOUR needs. Call me today and SAVE your money!

Today’s best rates...

5.20% = 6 month
3.50% = 1 year
4.75% = 2 year
4.19% = 3 year
4.39% = 4 year
4.34% = 5 year
5.40% = 6 year
6.00% = 7 year
6.35% = 10 year
3.80% = Variable

Call me today for more information on mortgage rates, or to find out how you can get the financing package that meets your individual needs or simply apply online at http://www.joemalek.com/

OAC. Certain conditions may apply. Rates are subject to borrower and property qualification. Posted rate is the rate offered by the majority of Canadian financial institutions. Rates may vary and are subject to change without notice.

Thank you

Joe Malek Mortgage Agent #M08004649