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The Gillis Group -  Homeowner News
February 2008
Dear Scott,
 
Welcome to the Gillis Group e-Newsletter!  
 
We hope you'll find it interesting; if, at any time you wish to opt-out, please follow the unsubscribe link at the bottom of each email.
 
Our aim is to provide valuable information about issues relevant to homeowners - not to simply talk about mortgages!
In This Issue
Bank of Canada Rate Decrease
Real Estate Fraud - Protect Your Home
Ask the Expert
Time For a Check Up?
RRSP or Mortgage - Where Do You Invest?
Is Your House Ready?
Bank of Canada Rate Decrease
 
The Bank of Canada announced on January 22, 2008 that it had lowered its overnight rate to 4.00%. This means that the prime lending rate has decreased from 6.00% to 5.75% at the majority of Canadian lending institutions.  This announcement has a direct impact on consumers with a variable rate mortgage or a secured line of credit. Click here to read more. To discuss how this may affect you, please give me a call.
 
All indicators are pointing to a further decrease with the next Bank of Canada rate announcement on March 4, 2008.
Real Estate Fraud - Protect Your Home
 
Ontario's land registration system has proven to be secure, accurate and efficienct. However, it is impossible to completely avoid fraud.  Whether it is your own home, your cottage or a rental property, learn how to protect your interests. Don't let your property fall into the wrong hands!  Read how fraud can turn your world upside down in this true story.
Ask the Expert

 
Question:
I'm trying to build my credit and have been using a secured credit card for a few months. I recently applied for a standard credit card but got turned down. Is it best to continue using this card, or should I apply for another type of credit card, such as a department store or gas card?
 
Click here to read the answer to this month's question.
 
If you have a question that I can help with, drop me a line any time at scott@gillisgroup.ca.

We hope you enjoyed this month's newsletter - we would love to hear what you think!  
 
Sincerely,
 
Scott Gillis, AMP 
Accredited Mortgage Professional
Oriana Financial - The Gillis Group
416.440.0338 x1
 
Referrals are the foundation of my business.   If I have provided superior service to you, please refer your co-workers, family, friends and neighbours.  I promise to give them the same high level of service. 

Time For A Checkup?

Scott Gillis

Many of us get our mortgages, breathe a sigh of relief, and then don't think about them again until we get a little renewal notice from the lender. 
 
Has your situation changed?  
Are you thinking about buying a vacation or investment property? 
What about consolidating your credit card debt? 
 
Call me at 416-440-0338 x1 to schedule a checkup...for the health of your mortgage!
Quick Links
 
Gillis Group
 
Our Website
 
 
Join Our Mailing List
 
RRSP or Mortgage - Where Do You Invest?
 
It's that time of year again! Do you use your tax refund to pay down your mortgage or to top up your RRSP? Unfortunately, the answer is "it all depends"! Read what the experts think.
Is Your House Ready?
 
Ready to sell but your house isn't? Put your home in the hands of the talented and experienced crew at Fabrizone, the 'Prep 'n Sell' experts. They will transform your home, increasing it's marketability, helping it sell faster for more money.   
 
Remember, "You Never Get a Second Chance to Make a First Impression".
 
 
 
 
 
 
 
Oriana Financial Group of Canada Ltd.
34-4300 Steeles Avenue West
Vaughan, Ontario  L4L 4C2
 
™ Trademark of Oriana Financial Group of Canada Ltd.   . Registered trademark of Oriana Financial Group of Canada ) 2007,  all rights reserved. 
Save $50
 
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Now is the time!
 
Take advantage of an amazing offer from Tynan Studio.  Save $50 on your next portrait session. Tell your family, tell your friends.
 
Call today for an appointment!    
 
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Oriana Financial - The Gillis Group | 2359 Queen St. E | Toronto | Ontario | M4E 1H2 | Canada

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