Cash Back Mortgages + What's up with the market?

*** The author of this blog, Ben Officer, is a licensed REALTOR® in the province of Alberta. The opinions expressed within this blog are those of the author and are simply that, opinions. The views expressed in this blog are not intended to advise you, as your needs may differ depending on your particular situation. The information provided in this blog is not guaranteed to be accurate and is subject to change at any time. For legal advice/information, please consult a lawyer. For mortgage advice/information, please contact a licensed Mortgage Associate. For tax advice/information, please consult an accountant. For investment advice/information, please contact a financial advisor. *** Blog Disclaimer - The information contained within this blog and posted by the author is believed to be true but cannot be guaranteed to be so. The author of this blog takes absolutely no responsibility for the comments posted by third parties on this blog.

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Monday, October 27, 2008

Cash Back Mortgages + What's up with the market?

by Ben Officer on Mon, Oct, 27, 2008 02:31 PM

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The Cash Back Mortgage is available at many lenders and it might work for you.

How does it work you say? Qualified borrowers can receive 1 % to 5% cash back from a lender on the closing of the purchase. The cash back funds can be used towards the down payment, home improvements, mortgage closing costs, or anything else you might like. This mortgage option is a great alternative to the recently discontinued 0% down payment program. Contact me for more info.

The Edmonton market has slowed once again. With all the bleek economic news, it doesn't surprise me that some folks are adopting a wait and see attitude. One of the mortgage specialists I know said they are seeing more activity in the mobile home market, which often portends another increase in the single family market. Once again, time will tell.

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Edmonton, St Albert, & Area RE/MAX Real Estate Professional

Ben Officer, CD REALTOR®

Cash Back Mortgages + What's up with the market?

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