Financial Support via BCTF Advantage:

Earlier this summer we advised members that our Advantage partner, Ellis Mortgages Canada (EMC) was available to provide a free service to BCTF members to assist them through this difficult period.  EMC is a financial services firm that may be able to assist current homeowners with restructuring their debt in a variety of ways:

·       reduce mortgage payments

·       access funds for short or long term needs

·       reduce or eliminate credit cards and loan debt

·       arrange lines of credit

Over summer 2014, the average size for lines of credit for BCTF members has been around $25,000.  Deals have processed in as little as three days, typically taking about a week.  In 2013 EMC was able to save clients an average of $450 per month in regular mortgage payments (for those seeking to reduce monthly payments).

All BCTF members are encouraged to contact EMC to discuss your options in order to ensure you are making the best financial decisions.  EMC representatives can be reached at 1-604-739-0320.

Some BCTF members who have worked with EMC recently shared their thoughts on EMC:

"A high level of expertise and prompt, personal service—[we] trust our analyst to get the job done.  [Our broker] understood our financial situation precisely and was never judgmental.  Best rates anywhere!"

“This was my third mortgage with Ellis Mortgages and I have been completely impressed with the patience and time given to explain each step of the process and for the mortgage analyst to find out about my individual situation.  I felt the mortgage analyst genuinely cared to help obtain the best rates she could and had my best interest at heart.  This is very important to me when choosing who to do business with.  I am so sorry I didn't know about Ellis Mortgages earlier.  I highly recommend them and have no reservations about doing so.”

“Thank you EMC! Your staff consistently demonstrates professional, knowledgeable advice in a patient and personable manner. I feel confident refinancing my mortgage with your company.  My sincere thanks.”

“I appreciated [my broker’s] hand-holding and understanding during those days when I’d call every few hours.”

“Very hands on; kept me in the loop.  Very happy with the service, thank you!”

“My mortgage analyst saved me stress and time.  He was courteous, polite, and helpful.  He answered all my questions, was very patient, and generous with his time.”

Regards,

Sarbrinder Lalli

Assistant Director

Income Security Division

British Columbia Teachers' Federation

ph: 604-871-1890, fax: 604-871-2285, e-mail: slalli@bctf.ca

Toll free: 1-800-663-9163 Local 1890