Comments for Michael Anthony Lloyd Mortgage Expert

Comment on Adding it all up… by Terry A

Terry A — Fri, 19 Apr 2013 02:26:05 +0000

I think a great way to reduce costs is to consolidate. Have one source of TV instead of several. I know in my house, we have extra cell phones that we don’t need. I think we may be able to save some money if we switch over to a home phone (in case you’ve forgotten what that is: http://www.bell.ca/Home_Phone)

Comment on Receive a Brand New Apple iPad mini at closing…Limited time offer! by ROBIN LAWRENCE

ROBIN LAWRENCE — Tue, 05 Feb 2013 18:56:44 +0000

POOP, MISSED THAT BY ONE MONTH!!!
MY 15YR OLD DAUGHTER WOULD HAVE STATED A GOOD CASE TO GET THAT ONE OUT OF MY HANDS…LOL

Comment on Merry Christmas & Happy Holidays from all of us! by Canadianbudgetbinder

Canadianbudgetbinder — Fri, 21 Dec 2012 01:23:35 +0000

Happy Holidays Mike and the team!!!

Comment on The View, November 19, 2012 by Pauline

Pauline — Fri, 23 Nov 2012 22:35:34 +0000

Great thing that mortgage rates are expected to stay low, hopefully many people can knock down a good chunk of their mortgage before rates go up again.

Comment on The View, November 19, 2012 by Mr.CBB’s Weekly Blog Post Picks-Nov 23,2012 Shop Til You Drop! « Canadian Budget Binder

Fri, 23 Nov 2012 20:19:21 +0000

[...] The View Nov, 19,2012- The Daily Dig [...]

Comment on The View, November 19, 2012 by Canadianbudgetbinder

Canadianbudgetbinder — Mon, 19 Nov 2012 18:23:11 +0000

A neighbour of ours has just put their house up for sale and we just recently were talking about this. They want to move up into a bigger home so they thought they might as well do it now while the rates are low and take a hit then wait it out. One day we would love to move to a bigger home but right now we are staying put. Great post. Mr.CBB

Comment on The View November 7, 2012 by Michael Anthony Lloyd

Michael Anthony Lloyd — Sun, 11 Nov 2012 05:00:03 +0000

Absolutely right! This will affect a lot of people…many who may not realize it right now…thanks for helping to get the message out!

Comment on The View November 7, 2012 by Dan Anders

Dan Anders — Sat, 10 Nov 2012 22:48:43 +0000

Hmmm….I wonder if this isn’t a future opportunity in the making for private investors? Thanks very much for the excellent article. In my business we frequently advise business-owners to consider the validity of taking all dividends from their corp instead of salary, or a mix designed to optimize their RRSP/IPP contributions. This is an important consideration and caution going forward in that recommendation….

Comment on The View November 7, 2012 by Michael Anthony Lloyd

Michael Anthony Lloyd — Sat, 10 Nov 2012 19:51:57 +0000

Great question Dan! While “officially” the Credit Unions are mandated by the Provinces, there is pressure on them to follow these guidelines as well. In fact here in BC FICOM has actually asked them directly to follow these new rules. None have come out with the changes, but there is still time. Also, any CMHC or high ratio deals the Credit Unions do, will of course be subject to the new rules as CMHC (and the other insurers)will require them to in order to receive the High ratio insurance. Private lenders will be less affected, other than due to higher demand & risk, they will obviously be charging more for their loans. these changes are like a pendulum going in my opinion, much too far…

Comment on The View November 7, 2012 by Dan Anders

Dan Anders — Sat, 10 Nov 2012 19:39:10 +0000

Question; how do the credit unions and private lenders fair with respect to these new regulations?