Edition # 2 Volume # 1


Tracy Irwin

Mortgage Loan Minute

... 60 seconds to informed home ownership

Curren interest rates:

Prime Rate ...................   6.00
3 year fixed ..................  5.15
5 year fixed ..................  5.15 
7 year fixed ..................  5.25
10 year fixed ................  5.75
Variable rate .................  5.05

Pay it forward - Please feel free to forward this email to a friend and let them experience the benefits of informed home ownership.

Tracy Irwin Mortgages. AMP

Tracy Irwin Mortgages, AMP

Welcome to the Mortgage Minute!
Check out the Homeworks Quiz for your chance to win a $75.00 gift certificate to Connon Nurseries

mortgage minute
Mortgage Fraud ... it can happen to you.

Imagine getting a knock at your door and being served with eviction papers for defaulting on a mortgage that you never applied for …

Think it won’t happen to you ….. think again, it happened to Susan Lawrence, a 55 year old widow that lived in her two storey Victorian Home for 28 years. Her highly publicized story details a journey to the Ontario Supreme Court.  Read more 

And it has been happening at an alarming increased rate – according to the Law Society of Upper Canada, Mortgage Fraud Report, published March 24, 2005 – mortgage fraud costs were $600 million and rising.

One way to protect yourself is purchasing residential title insurance. Title insurance provides comprehensive insurance coverage for certain title-related risks associated with home buying e.g. zoning issues, lack of an up-to-date survey and the legal services provided by your lawyer.

Contact First Canadian Title, TitlePLUS or Stewart Guaranty for complete coverage and pricing options available.

For additional tips on how to protect yourself against mortgage fraud click here.

Article by Tim Siders, Mapleridge Landscapes Ltd.
Landscapes built for life!
Our client watched in awe as the waterfall in the pool was turned on for the first time.  As the sparkling water bubbled over the stones into the lagoon style pool - he gasped ....... 
Outdoor rooms combine the comfort of the inside with nature.  Mapleridge Landscapes created a living room out of an ordinary backyard with a pool.  The use of stone, wood, water and plant material culminated into a relaxing atmosphere for the client to unwind.
Add luxury or functionality, create a mood or add value.  This particular client chose all of the above and was rewarded.  Read more

homeworks quiz
» Your chance to win a $75.00 gift certificate from Cannon Nurseries
» Answer the Homeworks Quiz question - What professional organization is Mapleridge associates with? (hint:  answer in Homeworks Article above) and send your response to tracy@tracyirwinmortgages.com for your chance to win!
The winner will be announced in next month's newsletter.  

tracy's trivia
»Life lessons from golf by Scott Sindelar, Ph.D., BCFE

» Principle # 1 - In golf and in life, it is important to have a good grip.  In either game, if we do not have a good grip, then we will have to make many awkward corrections and adjustments to compensate for not starting with the basics.  Just as a good grip is the foundation for all that we do in golf, understanding oneself gives us a foundation for all that we do in life.


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