Alta West  Mortgage News:

Absorption Rate in Calgary
We've now have had five straight months of increased values in Calgary! 30 day average price in Calgary has increased from $413, 000 (January 2009) to $447,000 (June 2009)! That is an increase of 8%. Absorption rate, which represents the number of sales compared to the number of listings- has declined from a high of 7.8 in January to 1.8 in June. A balanced market is considered to be around 3-4 (one sale per 3-4 listings) Although it appears that there is little real estate activity, this would be incorrect. There were 1837 sales on single family homes in Calgary in June 2009. The last time this occurred was in May 2007. Real Estate is moving, so get in the game now!

Low Interest Rates to Stay
Recently in the Financial Post, there was some better lending news. The Bank of Canada is expected to keep its prime lending rate to a historic low of .25% until the latter half of 2010! This is fantastic news for the Canadian consumer, who has had a terrible year with job issues, devaluation of their stock portfolio, and a decrease of their house value, you at least COULD be saving $100's of dollars every month by remortgaging your home. Take advantage of these low mortgage rates while they are here. The Bank of Canada watched the Canadian economy go through "nine straight months" of contraction. It has been the biggest down turn in more then half a century. We all need to save every dime we can!

We have made the application process extremely easy for you. It takes all but three minutes via our new online application. Visit our website and Apply Online Today!!!!

Alta West Mortgage
Contact Information:

Email: 
Contact Email (Click)

Phone Number:
Main
1 (403) 254.9075

Edmonton Office
1.888.554.9075  ext.235

Fax Number:
1 (403) 254.9087

Address:
#209, 280 Midpark Way SE
Calgary, AB T2X 1J6

Website:
www.altawestmortgage.com

Alta West Mortgage News:
Change of BDO:
As mentioned last time, we have had a change of BDO for Northern Alberta. Jared Morrison is now the BDO for all of Alberta (And BC for now), so feel free to contact him with any questions you may have. He may be contacted by phone at 1.888.554.9075 ext.228, by cell at (403) 612.6006, or by email: jared.morrison@altawestmortgage.com

Lending in BC:
You all know that we lend in Alberta, but did you all know that we are now registered and open for business in British Columbia? We offer all of the same lending opportunities in BC as we do in Alberta.

Reliable Source of Funding:
Alta West Mortgage Capital Corporation manages four MIC's, we also have a pool of independent investors. What does that mean to you, the busy mortgage professional? It means reliability of funding , we are the lender, we make the decision, and we lend the money. It also means flexibility, if its a good deal, we will find of way of making it work. Reliability, flexibility and our own source of funds, that is what you want from a private lender.

Current Specials:

First Mortgage Specials:

*75% LTV

*Owner Occupied, Single Family Property, Major Metropolitan areas

*Rate 8.99%

*Fee 3.5%

Second Mortgage Specials:
 

*75% LTV

*Owner Occupied, Single Family Property, Major Metropolitan areas

*Rate 12.99%

*Fee 6%

Conditions apply to both so please contact Jared

Property types we lend on:

*Residential & Commercial

*Rental

*Recreational

*Multifamily

Situations we lend in:

*Business for self

*Unverifiable Income

*Challenged Credit

*Bankruptcy

*Interim/Bridge Financing

Alta West Mortgage
Contact Information:

Jared Morrison, BDO
Email:
jared.morrison@altawestmortgage.com

Phone Numbers:
Main
1 (403) 254.9075 ext.228

Northern Alberta & BC
1.888.554.9075  ext.228

Fax Number:
1 (403) 254.9087

Adress:
#209, 280 Midpark Way SE
Calgary, AB T2X 1J6

Website:
www.altawestmortgage.com