Brenda Butcher's Page

Now is a great time to think about getting a student line of credit for your child as they head off to university or college.The rate is low- prime - .25 and the payment is interest only.The line of credit is fully open so that you can put extra payments on anytime you want.Northern can advance $10000.00 per year for education costs and repayment does not start until 6 months after your child graduates.We also have student Mastercards which is a great way for your child to build a credit rating.

Northern website has added a new feature. We can now apply for a loan online.This is a great addition.Members can enter the information anytime and an FSO will call them and set up an interview.New members can also access the application. Members can also update their personal information such as change of address.This is great for busy people who really don't have a lot of extra time.

Genworth offers on line help for new home buyers.Sign on to www.homeownershipHelp.ca and fill out a short survey to assess your needs. You can also take a Homebuyer quiz to test your knowledge or if you want information on basic mortgage terms and concepts, take the Homebuyer 101 course.Lots of great information to help you decide what's best for you.

The Annual meeting of Northern Credit Union will be held at the Watertower Inn on Saturday April 17 2010. Features include a guest speaker and a evening Banquet.Please plan to attend.

Starting April 10 2010, Finance Minister Jim Flaherty announced new rules for mortgages.All borrowers will have to qualify for the 5 year fixed mortgage regardless of the term that they sign for. Borrowers that  refinance their existing mortgages will no longer be able to finance 95% of the value of their home but will be limited to 90%. Mortgages on government backed mortgage insurance on investment properties will be subject to a 20% down payment.The changes are necessary because of the…See More

A Place to Share Our Pain...

McNabb Street Branch