Indo-Canadian Voice Realty - Oct 26 2019

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Saturday, Oct 26, 2019

Volume 28 Number 43

Phone: 604-502-6100

Fax: 604-501-6111 Email: voicerealtyads@gmail.com

Weekly mortgage refinance applications rise, even as home purchase demand falls Mortgage interest rates rose last week, but that didn’t throw any cold water on the mini-refinance boom that’s been going on for the last month. Applications to refinance a home loan rose 4% from the previous week, according to the Mortgage Bankers Association. But mortgage applications to purchase a home fell 4% for the week. Mortgage interest rates rose last week, but that didn’t throw any cold water on the mini-refinance boom that’s been going on for the past month. Applications for loans to purchase a home, however, came in weaker. Consequently, total mortgage application volume was essentially flat, rising just

0.5% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) increased to 3.92% from 3.90%, with points decreasing to 0.35 from 0.37

(including the origination fee) for loans with a 20% down payment. Despite the slight rate increase, applications to refinance a home loan rose 4% from the previous week and were 199% higher than the same week one year ago. At this time last year, the average rate on the 30-year fixed was

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118 basis points higher, at 5.10%. Mortgage applications to purchase a home fell 4% for the week but were still 12% higher than the same week one year ago. “Purchase applications slowed for the second week in a row,” said Joel Kan, the MBA’s associate vice president of economic and industry forecasting. “While near-term economic uncertainty is still a factor, other fundamental issues, such as a lack of housing inventory in many markets, is preventing purchase activity from meaningfully rising.” The refinance share of mortgage activity increased to 62.2% of total applications from 60.4% the previous week.

Mortgage rates continue to move higher this week, signaling to some that the recent lows in bond yields are over for now. U.S. investors were buoyed by a potential Brexit deal Tuesday and poured into the stock market. The next meaningful read on the U.S. economy is the retail sales report, scheduled to be released Wednesday. “In general, if the report

is much stronger than expected, is should keep upward pressure on rates,” wrote Matthew Graham, chief operating officer at Mortgage News Daily. “If it’s weaker, however, rates would have a better chance to recover. Either way, geopolitical and trade-related headlines remain capable of causing plenty of intraday volatility.”


Indo-Canadian Voice Saturday, Oct 26, 2019

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What’s good value? One bedrooms from $319,900 Two bedrooms from $339,900

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Plus… • Resort-style living with membership to Club West, a private club with party lounge, outdoor hot tub, pool, fitness studio and more • A great selection of floorplans ranging from one bedrooms to two bedrooms plus den • An established Abbotsford neighbourhood with access to walking trails, commuter routes and plenty of everyday conveniences

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• The peace of mind that your home is built by the Polygon family of companies, with over 29,000 homes built throughout the Lower Mainland

Sales Office

Summit Centre


Saturday, Oct. 26, 2019

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LOOKING FOR

MORTGAGE I WORK FOR YOU, NOT FOR LENDERS

With over 14 years of banking and lending experience, I make your financial journey to home ownership a hassle free experience. I specialize in working with

PRIVATE MORTGAGES

FIRST TIME HOME BUYERu S

We have large pool of in house funds available

so let me help yo take the journey from tenancy to m ho e ownership

I SPECIALIZE IN : • Residential mortgages Purchases and refinances • Commercial mortgages • Self-employed programs • New to Canada programs

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NEETU DHILLON

MORTGAGE SPECIALIST

Email : neetu_dhillon46@hotmail.com Email : dhillon_n@mortgagecentre.com

www.neetudhillonmortgageadvisor.com

PH: 604.780.0458

Century 21 Award Winner 2011, 2012, 2014

13977 18 Avenue, Surrey

$3,999,888

Stunning new home in Sunnyside with a sun drenched North backyard. Beautifully crafted w/ultra high end construction & finishing. Exclusive open concept designed & built by a professional Builder. Water on demand systems. Build in A/C and more. Huge kitchen w/elegant cabinets. Feature Island, wok kitchen. Designer Lighting. High celling in living room welted ceiling in the Family room area. Four security cameras with monitor. Tile & Engg wood floor. Media room w/wet bar and Billiard room. In ground sprinkler System, Professionally landscaped. Legal two bedroom suite. Two front gates entry U shape driveway. This is perfect family home close to Bay ridge/Ray Shepherd Elementary and Elgin high school catchment. Close to Be * PREC - Personal Real Estate Corporation

6989 204 St, Langley

$3,299,000

1.2 Acre Townhouses, live/work 'C' 16-20 units/acre Development Property with Views in APROVED Willoughby Central Gordon Estates Plan. No Creeks or Easements. 1,400 Sq ft 3bdr/2bath Rancher not livable. Great Investment Potential. Close to all shopping and amenities. An exclusive opportunity to invest in one of Canada's fastest developing communities. Property sold as is where is. Land value only. By appointment only.

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13997 18 AV, SURREY

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Half Acre Lot Ready to Build. Fabulous 19,000 sq. ft. building lot available in Sunny Side Park. The perfect location to build your dream home. Close to Ray Shepherd, Laronde, and Elgin Park Secondary schools and walking distance to local parks. G.S.T. not included in the listing price. * PREC

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$1579000.00

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8 Bed, 7 Bath, 6,355 Sq Ft, 20,020 Sq Ft Lot, Built: 2017

SITE FOR SALE Three townhouse site available in Langley For more details call vipan sharma

6922 202B Street, Langley

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This offering represents an opportunity to secure 1.6 acres of prime townhouse development land in the Central Gordon neighbourhood in the Township of Langley. The property is designated for 12-40 units per acre. Great Investment Potential. Close to all shopping and amenities. An exclusive opportunity to invest in one of Canada's fastest

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Spectacular custom built home with professional b u i l d e r N o r t h Ea st Gordon area. Walking distance to the urban shopping area. This impressive 3-storey homewith finished basement. Featuring 4

$929,000

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$3,678,400

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Saturday, Oct. 26, 2019

RESIDENTIAL, COMMERCIAL & PRIVATE MORTGAGES

Refinance & Renew Your Mortgage

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• Low Income • Self Employed • Bad Credit • New Immigrant • Land Development • Second Mortgages

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ALPHA MORTGAGE HOUSE CORPORATION

#202-12830, 80th Ave. (York Business Centre) Surrey Tel: 604-501-9837 Fax: 604-501-9847 amhc@shawbiz.ca

muPq sl`h mSvry leI huxy Pon kro *Lender/Broker Fee may apply but not without prior written consent of the client

GURHIMAT S. GILL

604.825.4880

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SUKHKARAN S. BHATTY

604.765.4023


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Indo-Canadian Voice

Saturday, Oct. 26, 2019

LOW RATE MORTGAGES BANK MORTGAGES

Purchase with as little as 5% down Get additional down payment assistance Purchase, Refinance, Equity-take-out

ALTERNATIVE LENDING

'B' Banks offer great alternative to Bank Turn Down. Low Credit Score and High Debt ratios OK.

HOME EQUITY LINE OF CREDIT (HELOC) Get SECOND MORTGAGE or Home Equity Line of Credit with or without income verification.

PRIVATE MORTGAGES

Good or Bad Credit. No Income Verification. Cash in 5 days. Mortgages from $20K to $20 million or more Commercial, Construction, and Lot Mortgages Call me today for a rate quote and instant approval.

With my 30 years of experience and having every mortgage product. I can get you the mortgage you need without any hassle.

CALL ME NOW !!

JEET SINGH 778-320-9494 www.crownfunding.ca Mortgage Specialist


Saturday, Oct. 26, 2019

| Indo-Canadian Voice

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MORTGAGE QUICK AND EASY

• Low Income • Bad Credit • Self Employed • New Immigrants

• 1st & 2nd Mortgage • Mortgage Renewals • Re nancing • Private Financing

Special Rates Available for Builders, Developers and All kinds of Construction & Developments Projects.

ASalesNIL SHARMA Manager, Commercial Mortgage Specialist 778-840-8780 Email: sharmagittu@yahoo.com


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Saturday, Oct. 26, 2019


Saturday, Oct. 26, 2019

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D E E B BL 4 LA & I 3 VA W SA E N ME HO

Traditions Begin at Home Bake cookies together, help with homework, plant your own kitchen garden and watch it grow — create your own traditions at Townsend. Enjoy the convenience of great commuter routes, the YMCA and more than 30 vibrant shops, restaurants and grocery stores all just down the block. The exceptional accessibility means you can spend time on the things that matter.

Three and four bedroom townhomes with move-ins this year and next. Priced from $579,900. 15111 Edmund Drive, Surrey Open noon to 5 pm daily (except Fridays) 604.239.3382 | townsend@polyhomes.com


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Indo-Canadian Voice

Saturday, Oct. 26, 2019


Saturday, Oct. 26, 2019

| Indo-Canadian Voice

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RESIDENTIAL, COMMERCIAL & PRIVATE MORTGAGES

Refinance & Renew Your Mortgage

with us at Better Rates ib@lfr~ Eqy fvYlpr~ v`sqy pR`eIvyt pYisE~ d` pRbMD quh`fy rIP`eInYNs Eqy mortgyj irnUEl spYSilst lYNf fvYlpmYNt • Gr~ dI mOrtgyj • sYikMf mOrtgyj • kMstRkSn • kmrSIEl •

• Low Income • Self Employed • Bad Credit • New Immigrant • Land Development • Second Mortgages A

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ALPHA MORTGAGE HOUSE CORPORATION

#202-12830, 80th Ave. (York Business Centre) Surrey Tel: 604-501-9837 Fax: 604-501-9847 amhc@shawbiz.ca

muPq sl`h mSvry leI huxy Pon kro *Lender/Broker Fee may apply but not without prior written consent of the client

GURHIMAT S. GILL

604.825.4880

A

M

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SUKHKARAN S. BHATTY

604.765.4023


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Indo-Canadian Voice

Saturday, Oct. 26, 2019


Saturday, Oct. 26, 2019

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Indo-Canadian Voice

Saturday, Oct. 26, 2019


Saturday, Oct. 26, 2019

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We Build Your Dream Home

LICENSED BUILDERS QUALITY WORKMASHIP

BEST RATES IN TOWN

WE BUILD ENERGY EFFICIENT, PASSIVE & NET ZERO HOME

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PROJECTS


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Saturday, Oct. 26, 2019


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