Edition #1 Volume # 1


Tracy Irwin

Mortgage Loan Minute

... 60 seconds to informed home ownership

This week's interest rates:

Prime Rate ..................... 6.00
3 year fixed ..................  5.15
5 year fixed ..................  5.05
6 year fixed ..................  5.25
10 year fixed ................. 5.75
Variable rate .................. 5.05

Pay it forward - Please feel free to forward this email to a friend and let them experience the benefits of informed home ownership.

Tracy Irwin Mortgages. AMP

Tracy Irwin Mortgages, AMP

Welcome to the Mortgage Minute!
We are sending you this newsletter because we have exchanged contact information and we believe you will find this information informative to use and share.
Check out my TV interview with Wendy Schroeder of Cogeco's - Women on the Go to be aired on your local cable channel in Burlington to get the scoop on mortgage trends. 

mortgage minute
Test your mortgage knowledge here:
Name 3 ways to save money with your mortgage loan.

True or false There are 5 Cs of credit that the lenders look at when you are getting started with your mortgage loan. Click here

True or false When pre-qualifying for a mortgage loan, you are considered to have a conventional mortgage when you have a down payment of 15%. Click here

True or false As a first time home-buyer, you will need 1.5% of the purchase price of your home in liquid assets to cover your closing costs. Click here

Article by Allison Roberts, CSP, CDECA
Condo sold in 2 days for 99.6% of the asking price with the help of Home Staging!
This 2 bedroom condo was listed in the spring and fall of 2006 without any interest from buyers. Following a suggestion from their realtor, the homeowners enlisted the services of Burloak Home Staging & Design to be professionally staged.

When it was re-listed in January 2007, the new asking price was $10,000 higher than the original listing price and still sold for 99.6% of the newly listed price in just 2 days with only 2 showings!

The homeowners of this condo invested only $1,272 in staging costs and received a return of $9,960 for their investment. Read more Read more

homeworks quiz

Complete the Mortgage Knowledge Test, opt into this newsletter and you will automatically be entered for your chance to win a free room makeover worth $$$$$  by Allison Roberts, CSP, CDECA of Burloak Home Staging and Design www.burloakhomestaging.ca

Just answer the Homeworks Quiz question - Give me one reason why you need to use the services of a home stager? (hint: answer in Homeworks Article) and send your response to tracy@tracyirwinmortgages.com for your chance to win!
The winner will be announced in next month's newsletter.

tracy's trivia
Did you know that golf originated from a game played on the coast of Scotland during the 15th century. Golfers would hit a pebble instead of a ball around the sand dunes using a stick or club. 

It is rumored that 18 holes is the exact amount of time it takes to drink a bottle of Scotch . for those who play the game, you understand!


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