June 2012  |  Edition #40
Mortgage Loan Minute 60 seconds to informed home ownership
Coming Soon!
In This Issue
Tracy's Q and Eh?
Coming Soon! Tougher Mortgage Qualifications
New Session of XPANSE Starts May 3rd
Amazing But True Golf Facts

  Current interest rates: 

  Prime Rate ....................  3.00
  Qualifying Rate ..............  5.44
  3 year fixed ...................   3.14  
  5 year fixed ...................   3.29
  7 year fixed ...................   3.94
  10 year fixed .................   3.99  
  Variable rate .................   2.80
  (Prime - .20%)

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Tracy Irwin, AMP

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Tracy's Q and Eh?

Q:  How can I teach my kids about money without putting them to sleep? 


Eh:  There's an FREE app for that! Say hello to Leo!  

Royal Bank Leo 

New from RBC Advice Centre, Learning Money with Leo provides parents with a practical and fun way to help teach their children (3 to 6 years old) about the concepts and value of money. Roar!       


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Coming Soon! Tougher Mortgage Qualifications

While the proposal hasn't been approved yet, the Office of the Superintendent of Financial Institutions Canada (OSFI), Canada's banking regulator, continues to lean on banks and other federally regulated lenders to clamp down on underwriting practices.

As the debate rages on, Canadian Mortgage Trends.com reports it's not because the guidelines are imprudent (some are unnecessarily rigid, but most are sound policy), but rather it's believed that OSFI risks tightening too much, too fast - and could form the perfect storm. Read more... 

As an Accredited Mortgage Professional my job is to stay up to date with all legislation and laws that will affect your mortgage. Don't wait to get a second opinion... get it now! Contact me today!  

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XPANSE logo  

Contemplating or Facing Separation or Divorce? 


Gain access to support, tools, resources and inspiration. Become part of a holistic empowerment program designed for women by women and connect with an integrated team of 'Empowerers' that provide you with a sense of ease in all areas of your life.


Next workshop series begins:

Thursday, June 7 in Oakville

(click on date to register)


About the XPANSE program. Watch the preview video and recent interview on the energy around this incredible movement.

What participants are saying about the XPANSE 6-week program:

  • "The XPANSE program gave me the opportunity to meet and share with individuals who experienced like circumstances."
  • The program provided valuable information and resources to assist with the challenges we encounter throughout our lives.
  • I found reading the reading materials provided by each Empower's presentation very helpful as well as the recommendations made by the group during our conversations.
  • I looked forward to Thursday nights and thoroughly enjoyed being around strong, intelligent and resourceful women.
  • The program broadened my knowledge on many levels and provided resources available to me, giving me a sense of comfort to pursue my future endeavours and challenges." 

Enroll today!  




Amazing But True Golf Facts
The longest holed putts in a major tournament were both 110 feet - Jack Nicklaus in the 1964 Tournament of Champions and Nick Price in the 1992 PGA.

Tracy Irwin, AMP
Mortgage Broker

In a recent Maritz/CAAMP survey, 82% of mortgage borrowers find out about their mortgage broker via referral. We believe a referral is the highest compliment a person can give. Join my Referral Rewards Program today and allow me to thank you!  

Contact me at  tracy@tracyirwinmortgages.com

R.D.M. Financial Consultants Ltd. o/a The Mortgage Centre | Each office is independently owned and operated | Brokerage Licence # 10716, Broker Licence # M08007700 | 418 North Service Road East, Unit 1D | Oakville | ON | L9W 2E7 | Canada