VERICO Designer Mortgages

Bank of Canada cut its overnight lending rate by 0.50% to 1.00%, the lowest since the central bank was formed in 1934. The decrease was inline with most economists expectations.

The previous lowest rate level set by the Bank of Canada was last seen at 1.12% in 1958.

In the past few days leading up to this morning’s announcement by the Bank of Canada, a few lenders began cutting some of their fixed term mortgage rates. Various Canadian Banks quickly cut their Prime Rates following this announcement by 0.50% to 3.00%.

Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com
www.ginaburgio.com

Each VERICO Broker is an independent owner operator.

Deadline March 2, 2009: Post Courtesy of Carolyn Moshtagh

As part of your financial security plan, a registered retirement savings plan (RRSP) loan can help you maximize your annual contribution or catch-up on unused RRSP contribution room. The loan:

• Reduces this year’s tax bill through an income deduction equal to the amount of your allowable RRSP contribution

• Gives you more money earlier to help grow your investment

• Potentially creates a larger nest egg down the road

An RRSP loan means more money works now towards your future retirement. With a convenient Solutions Banking™ loan, the process is easy.

Contact me today for details.

Carolyn Moshtagh
Financial Security Advisor
905-332-3400, ext. 245 office
416-500-9195 cell
Fax: 905-332-3999
carolyn.moshtagh@f55f.com

Freedom 55 Financial and design are trademarks of London Life Insurance Company.

TM Solutions Banking products and services are distributed by Freedom 55 Financial, a division of London Life Insurance Company and is a registered trademark of Power Financial Corporation. National Bank of Canada is a licensed user of these trademarks. Solutions Banking products and services are provided by National Bank of Canada.