Lethbridge Real Estate and Mortgage Info

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Lethbridge Real Estate - Lethbridge Mortgage Rates

Lethbridge Real Estate - Lethbridge Mortgage Rates

Here is a heads up to anyone who has been watching Lethbridge interest rates and waiting to make a move.  The bond market went crazy in Canada the past 2 days and by the end of today it will be even crazier.  This is putting huge pressure on interest rates to rise, as the lenders like to maintain a spread between the bond rate and the fixed long term mortgage rates.

 

Expect to see the 5 year fixed interest rates rise by at least .50% (thats half a percent!) before Monday.  I urge anyone who is sitting on the fence to get off their butts and get their financing or pre-approvals done ASAP!  I even expect that some lenders will jump the gun and raise rates before the close of business today.  Contact your Lethbridge Mortgage Broker today.  Contact your Lethbridge Realtor today.  Get on it.

 

If you are in a variable mortgage, this may not be an issue today, but it will soon.  Rates are moving up a bit and they are doing it NOW.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

0 comments • Robert W. May, Realtor/Mortgage Expert Lethbridge Mortgage & Real Estate Info • March 05 2010 01:26PM

Lethbridge Real Estate - Revenue Property

Lethbridge Real Estate - Just Listed

Lethbridge Real Estate

This great southside bungalow just listed this weekend.  Located at 2104 - 7 Ave. South Lethbridge on a great corner lot and has wonderful street appeal.  The home is directly across from a playground and school yard, and just one block away from Henderson Park.  You would be hard pressed to find a better location when shopping for Lethbridge real estate.

 

The interior of this home has been upgraded and so has the mechanical.  It is bright, clean, and in move in condition.

 

The basement is fully developed into a non-conforming suite, has brand new kitchen and bathroom, and 2 bedrooms with nice large and bright windows.

 

Asking price of only $264,900 includes all appliances up and down.  Best to contact me quick if your interested in taking a look at this or other great Lethbridge real estate properties that I have access to.


NOTE: if you act fast and purchase Lethbridge rental property before the middle of April, you may still purchase this home with 5% downpayment and interest rates as low as 2% interest!!!  Totally amazing cashflow!

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

0 comments • Robert W. May, Realtor/Mortgage Expert Lethbridge Mortgage & Real Estate Info • March 01 2010 12:01AM

Be Albertan - Leading the New Economy and the World!

Want to know more about Alberta? Want to know why we are leading the world economy and will continue to be the strongest economic powerhouse for the next decade? It is as simple as an open door...

 

 

Want information on living and investing in Alberta? Let's talk.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

0 comments • Robert W. May, Realtor/Mortgage Expert Lethbridge Mortgage & Real Estate Info • February 28 2010 06:54PM

Lethbridge Real Estate - Rental Properties

Lethbridge Real Estate - Rental Properties

 

LAST CHANCE!!!

 

Just a heads up to all those Lethbridge real estate investors.  The rules regarding the financing of rental properties are changing in just over one months time.  After the rules change, it will no longer be possible to purchase revenue property with less then 20% downpayment.

 

However, if you act fast, you can still purchase under the existing rules.


I have lenders who will allow you to purchase rental properties with as little as 5% downpayment!  But you must act fast to take advantage of this before the rules change.  I urgently invite you to take advantage of this opportrunity before it is gone, as you will never again have opportunity to leverage your investment in a rental property like is currently available for the next month.

 

Here is an example of one mortgage product that I have available TODAY!

 

 

Rental Properties

  • Minimum Credit Score of 650
  • 80% Rental Offset for subject property
  • Up to 95 LTV Financing on 1-2 Units, 90 LTV Financing 3-4 Units.
  • Personal Lending only No Company names.
  • 80% Rental offset can be used for non-subject properties when it is verifiable to 2 of the following:
    • lease agreement (established)
    • economic rental value via appraisal (known rental – history)
    • bank statements (1year min)
    • Tax Returns.
  • No area or location restrictions
  • Down payment must be from own resources, no borrowed or gifted down payments accepted.
  • Maximum 5 properties (individual units) in portfolio including primary residence.
  • Max Mortgage of $1,000,000.00.

 

Beacon GDS TDS
680+ na 44%
Below 680 35% 42%
  • Fully Income Qualified.
  • All Rentals are insured regardless of LTV.

 

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

0 comments • Robert W. May, Realtor/Mortgage Expert Lethbridge Mortgage & Real Estate Info • February 22 2010 04:28PM

The Canadian Government Hates Realtors

Well, not exactly, but it sure feels like it today.

 

As global markets are in turmoil, the Canadian real estate market remains strong and solid.  Recent stats have all pointed to month after month increases in prices in all markets coast to coast.  Following on the heels of more positive market news the Federal Goverment today acted to stamp some of the life out of the market.

 

This morning, Federal Finance Minister Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. CAAMP was actively engaged in the discussions around these changes which are as follows:

  1. All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term;
  2. The maximum amount one can withdraw in refinancing their mortgage will be reduced to 90% from the current 95% of the value of one's home;
  3. Non-owner occupied properties will require a minimum down payment of 20%.

There were no changes to down payment requirements or length of amortizations for owner-occupied residences.

 

I agree that consumers need to keep debt in control.  However the problem that I have with this news today is that just a few weeks ago the same Finance Minister stated that "Canadian Banks DO NOT need more regulation, they are capable of regulating themselves" and now this week they move to regulate consumers!!!!  So the banks don't need regulation but the citizens do?

 

 

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

4 comments • Robert W. May, Realtor/Mortgage Expert Lethbridge Mortgage & Real Estate Info • February 16 2010 08:53PM

Google Streetview Lethbridge

Google Streetview is now in Lethbridge!

 

As of today you can log onto Google streetview and navigate around the streets of my little city, Lethbridge.  This is a pretty cool thing as formerly only large US cities were available and I thought it would never come to our part of the world. 

 

Now here is the coolest thing about Google Streetview.  I traveled up and down the main roads, then went past a few of the homes of people I know, then as I was travelling down the street towards my own neighborhood, THERE I WAS!

 

Seriously, right there caught on streetview is me driving my silver Ford suv and turning the corner right by my house.  It took me a while to figure out how to zoom in on the image, but it is my truck for sure.  Check this out, I am so amazed and excited, you have to see this!!!!

Also here is my silver SUV parked in my own neighborhood. Obviously both films were taken at different times, lol.
View Larger Map

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

4 comments • Robert W. May, Realtor/Mortgage Expert Lethbridge Mortgage & Real Estate Info • February 10 2010 01:21AM

Lethbridge Real Estate - London Road

Lethbridge Real Estate - picture series

Check out this extremely unique heritage house.  This downtown property is Located in the London Road district of down town Lethbridge.  It is located on a corner lot one one of the main roadways and is has the possibility of mixed residential and commercial use.  This sort of property is perfect for a Lawyer, Chiropractor, Accountant, etc.  A property such as this is a much wiser investment than throwing money away monthly on a commercial lease space, also you could hold this asset in a professional corp or in a limited company and build some investment equity.

 

This property has been fully upgraded to modern standards, but has maintained all of its original charm and character.  You simply won't find another property like this one in Lethbridge.  This property is available on a private appointment basis, so if you would like more information, contact me directly.  I will be putting up some more pics of the interior soon in a post that will showcase what a cool property this is.

Lethbridge London Road Real Estate

end

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

2 comments • Robert W. May, Realtor/Mortgage Expert Lethbridge Mortgage & Real Estate Info • February 08 2010 12:05PM

Lowest Interest Rates Available - 5 Year @ 1.9%

I often get asked what are the best interest rates or the lowest interest rates available.  Here is your answer to that question.

 

As of Feb. 4,2010

The lowest rates I currently have available are:

5 year Fixed rate of 3.72%

5 year Variable/Adjustable rate of Prime -.35%

(which is currently 1.90%)  This is amazing

 

 

Now keep in mind that these rates are not available to every applicant or on every property.  There is always fine print attached to deals like this, so give me a call and let me take a look at your situation and see if these rates are a fit for you.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

4 comments • Robert W. May, Realtor/Mortgage Expert Lethbridge Mortgage & Real Estate Info • February 05 2010 01:53PM

Lethbridge Real Estate Video - 2430 19 Street North

Lethbridge real estate video series - new listing at 2430 - 19 Street North Lethbridge - $189,900

 

Watch the video and call Robert for more details.

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

4 comments • Robert W. May, Realtor/Mortgage Expert Lethbridge Mortgage & Real Estate Info • February 04 2010 01:59AM

Lethbridge Real Estate - Open House - Sat. 2-4pm

Lethbridge Real Estate OPEN HOUSE

Saturday Feb. 6th, 2-4 pm.

2430 - 19 Street North, Lethbridge

Asking price: $189,900

This is a great family home that I will be making available at OPEN HOUSE this coming Saturday 2-4pm.  I know that some people are not big fans of open houses, but I love them.  They make showing convenient for the seller and the make an easy appointment for buyers who are not quite sure if the home meets their criteria.  Come on over, check it out.   The door will be open, I will be there hanging out meeting people, talking about the market, interest rates, and financing options.

 

Stop by and see it, lets talk about real estate, lets talk about mortgages.  I welcome anyone who is curious to come and meet me and see if this great property is right for you.  Maybe the time is right for you to become a homeowner?

 

Lethbridge Real Estate

 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
Lethbridge Real Estate Bargains - YES, there are still good deals to be had in Lethbridge
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
WANTED: Lethbridge Single Women: - Single women are huge in Lethbridge
Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
What is wrong with MLS - Is your info being abused?  Does it happen in Lethbridge?
Lethbridge Rental Property - Thinking about buying or selling rental property?

 

 

 

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge





Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

lethbridge mlsapply for a mortgage

 

2 comments • Robert W. May, Realtor/Mortgage Expert Lethbridge Mortgage & Real Estate Info • February 01 2010 12:47AM