11 responses so far ↓

• 1 Ryan Thomas // May 22, 2008 at 8:24 am

  Hello,

  Im currently a first time home buyer, I have qualified for $225000 (100% financing at 5.59%, over a 5 year term). I was wondering if buying block lenders offer 100% financing with mortgage insurance from the Canadian Mortgage and Housing Corp?

  I look forward to hearing from you.

  Thanks,

  Ryan

• 2 Bruce // Jun 3, 2008 at 7:45 am

  Hello Ryan,
  I know that we have already replied to you via email but I wanted to share with others.

  Yes, home buyers can now get 100% financing. To qualify the buyer needs a good credit rating and stable employment with good income. CMHC will insure the mortgage motivating lenders to go forward with the funding. So if the buyer defaults on payment, the lender can go to CMHC.

  There are CMHC fees involved but they can be lumped in with your mortgage and paid back over the amortization (i.e. 25 yrs).

  As for your mortgage rate, it seems high. If you like, we can shop your needs to a number of different lenders/banks to get you the best mortgage rate.

  Heck, it’s our job.

  Bruce Whitaker
  President
  Buyingblock.com

• 3 SPONSORED: MORTGAGE offer to RedFlagDeals.com Members // Sep 22, 2008 at 1:48 pm

  [...] Hold Your Rate Now as variable rates are going up. See details [...]

• 4 John Prazak // Jan 31, 2009 at 7:01 pm

  Hi, we are up for renewal at TD. Our Mortgage left is 125000 on a house worth 400,00.00 and we are 5 star borrowers.
  What’s the bottom line on a 5 year fixed?

  Thx.

• 5 Rodney Litigio // Feb 19, 2009 at 5:10 pm

  Hi John - i just wanted to share our answer with the rest of our blog audience. Our bottom line best 5 year fixed rate for you is
  4.29. We could get a better rate if your mortgage amount was bigger say in the 300k range. Good for you for paying your mortgage down.!!!

• 6 Sharida // Mar 21, 2009 at 2:57 pm

  my MORTAGE COMED DUE THE MAY WHAT IS YOUR BEST OFFER.i AM ON A VARIABLE PRESENTLY.

• 7 admin // Mar 23, 2009 at 3:08 pm

  Hello Sharida,

  Prime+.75% (3.25%) is best variable at the moment.

  Thanks,

  Michael@buyingblock.com

• 8 Rob // Mar 25, 2009 at 4:48 pm

  I currently have 3 years left on my 5 year fixed mortage at 5.05%. If i were to break my mortgage and pay the penalty what would i be able to lock in with you guys for 5 years I would have aroudn 260000 left on the mortgage

• 9 sg // May 20, 2009 at 10:54 pm

  i have 2 investment property total mortgage left is 192k( feb 2008)+62k( dec 2007)=254k - 25% down payment on both investment/rental property

  What will be the best rate you can offer - i want to renew ( break if i will leave my current lender )

• 10 Sol Vanderhorn // Jun 3, 2009 at 6:53 am

  Good morning,

  I heard about Buyingblock through a friend and I wanted to get some details on ‘bundling’? It appears that you guys cover all the bases for a 1st time home buyer like myself and I like that. Buying a property can be intimidating - so much to learn, so much that is unfamiliar etc. It sounds like bundling services will make my life easier and actually save me some money! Is this the case and how do I know that these providers like a real estate agent, lawyer etc are suitable for me?
  Thanks,
  Sol

• 11 admin // Jun 3, 2009 at 7:17 am

  Hello Sol,

  Yes, you hit it on the nail. We started Buyingblock.com a couple of years ago out of the frustration we all had in buying a home. Three of us started the company. I am a 10 year banker and 5 year process improvement consultant. My partners are from real estate, contracting and mortgage brokerage. The two main benefits of Buyingblock.com for the customer include saving time/stress and saving money. No longer do homebuyers have to source reputable providers, negotiate with them and then manage the process. We utilize technology and volume buying to make it more affordable for homebuyers.

  How to get started? Go to our site and click on the first step - Mortgages (get a mortgage pre-approval). Once we get your approved, you will be assigned a Concierge - me, who will lead you through the remaining steps as per our homepage - getting a realtor, scheduling an inspection, securing home and mortgage insurance and working with a lawyer to close the deal. You are not obligated to use all services but if you do, you save dollars through our bundled package - check out the details on our homepage. Also, if you are part of a group we contribute dollars to group fundraising.

  Sol, I hope this provides you with an introduction to Buyingblock.com. If any questions, please feel free to contact me at any time.

  Kind regards,

  Bruce

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