tag:blogger.com,1999:blog-16014200574933628982024-03-04T22:36:25.690-08:00Faye Kitzman (The Kitzman Team)More then talk, we change the locks.
Serving The Waterloo Region, Guelph and Milton
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.comBlogger135125tag:blogger.com,1999:blog-1601420057493362898.post-16018628896436478762018-04-05T21:00:00.000-07:002018-04-05T21:00:12.341-07:00Is your mortgage coming up for renewal?<div dir="ltr" style="text-align: left;" trbidi="on">
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<span lang="EN-US" style="border-image: none; border: 1pt currentColor; color: #474747; font-family: "times new roman" , serif; font-size: 12pt; padding: 0cm;"><strong>Is your mortgage coming up for renewal</strong></span><span lang="EN-US" style="border-image: none; border: 1pt currentColor; color: #474747; font-family: "times new roman" , serif; font-size: 12pt; padding: 0cm;"><strong> in the next few months</strong>? If so, </span><span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">you can expect to hear from your lender. Remember that when your lender gets in touch with you, that is your signal to get advice. <span style="border-image: none; border: 1pt currentColor; padding: 0cm;"><span style="mso-spacerun: yes;"> </span></span>Staying with your lender might be your best option, but you should always use renewal time as an opportunity to look around and make sure you have the best deal. </span></div>
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<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Let's talk,</span></div>
<div style="background: white; line-height: normal; margin: 6pt 0cm 0pt; vertical-align: baseline;">
<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Call or text me today! 519-588-0141</span></div>
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<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Faye Kitzman</span></div>
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<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Mortgage Agent</span></div>
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<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Mortgage Intelligence</span></div>
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<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Brokerage # 10428</span></div>
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Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-84008693565193628232018-04-05T09:00:00.000-07:002018-04-05T09:00:00.233-07:00Your Home & Mortgage April 2018 - Who should get a mortgage preapproval<div dir="ltr" style="text-align: left;" trbidi="on">
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<span aria-live="polite" class="fbPhotosPhotoCaption" data-ft="{"tn":"K"}" id="fbPhotoSnowliftCaption" tabindex="0"><span class="hasCaption"><span class="text_exposed_show"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgH69ek3Y_yxK5p-WUVoGpz8kx764XHc672XO7A1oXF6czPHcL9IelFHJwWXGHOOHXunCTJO6fVcSRhS_Jvr5jtCLjg8A-4U_2rpzjBWpPgmpSka3HX_nefmGhXdBF5H1UYn6zGQJYtmIW/s1600/house.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="233" data-original-width="700" height="106" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgH69ek3Y_yxK5p-WUVoGpz8kx764XHc672XO7A1oXF6czPHcL9IelFHJwWXGHOOHXunCTJO6fVcSRhS_Jvr5jtCLjg8A-4U_2rpzjBWpPgmpSka3HX_nefmGhXdBF5H1UYn6zGQJYtmIW/s320/house.jpg" width="320" /></a></span></span></span></div>
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<b><span lang="EN-US" style="border-image: none; border: 1pt currentColor; color: #474747; font-family: "times new roman" , serif; font-size: 12pt; padding: 0cm;">Who should get a mortgage preapproval?</span></b></div>
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<span lang="EN-US" style="border-image: none; border: 1pt currentColor; color: #474747; font-family: "times new roman" , serif; font-size: 12pt; padding: 0cm;">A mortgage pre-approval can be an important part of
your pathway to building wealth, giving you a real-world picture of your
options: that is, your <i style="mso-bidi-font-style: normal;">opportunities</i>
as well as your limitations.</span></div>
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<span lang="EN-US" style="border-image: none; border: 1pt currentColor; color: #474747; font-family: "times new roman" , serif; font-size: 12pt; padding: 0cm;">A mortgage preapproval will tell you how much you
qualify for (you may be pleasantly surprised), what your mortgage payments will
be, and you’ll get an interest rate that will be held for a specific time
period, like 120 days.<span style="mso-spacerun: yes;"> </span></span></div>
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<b><span lang="EN-US" style="border-image: none; border: 1pt currentColor; color: #474747; font-family: "times new roman" , serif; font-size: 12pt; padding: 0cm;">If you are purchasing a new home,</span></b><span lang="EN-US" style="border-image: none; border: 1pt currentColor; color: #474747; font-family: "times new roman" , serif; font-size: 12pt; padding: 0cm;"> then you’ll be
shopping with a full wallet! You’ll know exactly what you can afford. You want
to avoid reaching too far financially for a house you’ve fallen in love with,
but you may also discover that you’re ready for the house of your dreams and didn’t
know it. A mortgage preapproval tells you that.</span></div>
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<span lang="EN-US" style="border-image: none; border: 1pt currentColor; color: #474747; font-family: "times new roman" , serif; font-size: 12pt; padding: 0cm;">In other words, a
mortgage preapproval is always a good idea.<span style="mso-spacerun: yes;">
</span>Remember, of course, that a preapproval isn’t a mortgage approval. <span style="mso-spacerun: yes;"> </span></span><span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Make sure you have a financing condition in place when
purchasing because your property needs to be assessed by your lender during the
mortgage approval process. <span style="mso-spacerun: yes;"> </span>You’ll need
to provide the necessary information such as the offer to purchase, MLS
listing, and any other documents required by the lender so they can assess the
property.</span></div>
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<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Additionally<span style="border-image: none; border: 1pt currentColor; padding: 0cm;">, any
planned financing might fall through if your circumstances change. So be
careful with </span>changing jobs, adding debt or missing payments, co-signing
another loan, or using your downpayment money. <span style="border-image: none; border: 1pt currentColor; padding: 0cm;">You
want to keep your financial situation squeaky clean while you’re getting ready
to finance.</span></span></div>
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<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Wherever you are in your mortgage journey, get
in touch, and I’ll show you all the possibilities. </span></div>
<div style="background: white; line-height: normal; margin: 6pt 0cm 0pt; vertical-align: baseline;">
<b><span lang="EN-US" style="border-image: none; border: 1pt currentColor; color: #474747; font-family: "times new roman" , serif; font-size: 12pt; padding: 0cm;">Is your mortgage coming up for renewal</span></b><span lang="EN-US" style="border-image: none; border: 1pt currentColor; color: #474747; font-family: "times new roman" , serif; font-size: 12pt; padding: 0cm;"> in the next few
months? If so, </span><span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">you
can expect to hear from your lender. Remember that when your lender gets in
touch with you, that is your signal to get advice. <span style="border-image: none; border: 1pt currentColor; padding: 0cm;"><span style="mso-spacerun: yes;"> </span></span>Staying with your lender might be your
best option, but you should always use renewal time as an opportunity to look
around and make sure you have the best deal. </span></div>
<div style="background: white; line-height: normal; margin: 6pt 0cm 0pt; vertical-align: baseline;">
<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;"><br /></span></div>
<div style="background: white; line-height: normal; margin: 6pt 0cm 0pt; vertical-align: baseline;">
<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Let's talk,</span></div>
<div style="background: white; line-height: normal; margin: 6pt 0cm 0pt; vertical-align: baseline;">
<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Call or text me today! 519-588-0141</span></div>
<div style="background: white; line-height: normal; margin: 6pt 0cm 0pt; vertical-align: baseline;">
<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Faye Kitzman</span></div>
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<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Mortgage Agent</span></div>
<div style="background: white; line-height: normal; margin: 6pt 0cm 0pt; vertical-align: baseline;">
<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Mortgage Intelligence</span></div>
<div style="background: white; line-height: normal; margin: 6pt 0cm 0pt; vertical-align: baseline;">
<span lang="EN-US" style="color: #474747; font-family: "times new roman" , serif; font-size: 12pt;">Brokerage # 10428</span></div>
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Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-81395196521514471032018-03-20T19:19:00.000-07:002018-03-20T19:22:32.626-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "times new roman" , serif; font-size: 16pt;">Spring cleaning your debt could save you thousands!</span></b></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "times new roman" , serif; font-size: 16pt;"><br /></span></b></div>
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<span lang="EN-US" style="font-family: "times new roman" , serif; font-size: 12pt; font-style: normal; letter-spacing: 0pt;">Wouldn’t spring cleaning be so much more gratifying if –
somewhere under dusty barbecue parts and outgrown hockey skates – you found an
envelope with, say, $5,000 in cash? Wouldn’t that make spring cleaning
worthwhile? Of course it would!</span></div>
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<span lang="EN-US" style="font-family: "times new roman" , serif; font-size: 12pt; font-style: normal; letter-spacing: 0pt;">Well, you may not uncover a financial windfall when you’re
cleaning the garage this spring, but a little time and attention to the task of
spring cleaning your financial house can be very rewarding. This spring, dust
away the cobwebs and take a hard look at your debt servicing costs. </span></div>
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<span lang="EN-US" style="font-family: "times new roman" , serif; font-size: 12pt; font-style: normal; letter-spacing: 0pt;">Are you continuously carrying a large monthly balance on
your credit cards? Take some comfort in knowing that you’re not alone. However,
this particular kind of financial clutter – ongoing, unsecured consumer debt –
is both confusing and costly. Guess what? It’s time to spring clean your debt!</span></div>
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<span lang="EN-US" style="font-family: "times new roman" , serif; font-size: 12pt; font-style: normal; letter-spacing: 0pt;">Begin by making a quick list of the interest you are being
charged on your loans, credit cards or other unsecured debts. What are you
paying in debt servicing costs? Do you have tax bills piling up? Don’t forget
to include that debt in your spring cleaning project.</span></div>
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<span lang="EN-US" style="font-family: "times new roman" , serif; font-size: 12pt; font-style: normal; letter-spacing: 0pt;">Next, take a look at our historically low mortgage rates,
and make an appointment with a mortgage professional for a review of your situation.
You have a golden opportunity right now to give yourself a tremendous financial
boost. By rolling your other debt into a mortgage – either new or existing –
you can reduce the number of payments you’re making each month, save big on
interest costs, be mortgage free quicker, and greatly improve your cash flow.
Most of all, you’ll be able to start building wealth.<span style="mso-spacerun: yes;"> </span></span></div>
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<span lang="EN-US" style="font-family: "times new roman" , serif; font-size: 12pt; font-style: normal; letter-spacing: 0pt;">Worried about penalties? Don’t think it can make much
difference? Think again. It can be as good – or better – than finding the
$5,000 envelope of cash in your garage. Why? As an example, assume you have a
$175,000 mortgage at 3.5%, high interest credit cards and other loans of
$50,000, and a total monthly payment of $2,024. Now if you took that $225,000
and added on an approximate $8,000 penalty to refinance your mortgage, you could
roll that $233,000 into a 2.59% mortgage (OAC, rates subject to change) that
would reduce your overall monthly payment to $1,054. That’s a monthly savings
of $970. Your monthly payment has been reduced, you’re saving on interest
charges, and all of your high interest credit card debts are gone. Imagine if
you funneled some of that cash flow back into your mortgage, or invested in
RRSPs, TFSAs, or RESPs!</span></div>
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<span lang="EN-US" style="font-family: "times new roman" , serif; font-size: 12pt; font-style: normal; letter-spacing: 0pt;">Regardless of where you are in the life of your mortgage, if
you have equity in your home and your cash flow has slowed to a trickle because
of your debt, talk to a mortgage professional who can analyze your situation
and outline your spring cleaning options.</span></div>
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<span lang="EN-US" style="font-family: "times new roman" , serif; font-size: 12pt; font-style: normal; letter-spacing: 0pt;">So as you polish the windows, shake out the carpets and
clear out the garage, don’t forget the most rewarding task of all: spring
cleaning your debt. Your financial house will enjoy the fresh beginning too!</span><br />
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Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-67959430358920188242018-03-01T12:05:00.000-08:002018-03-01T12:05:06.968-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 18pt;">Your Home & Mortgage </span></b></div>
<div style="margin: 0cm 0cm 0pt;">
<b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 18pt;">March 2018</span></b></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="color: windowtext; font-family: "Cambria",serif; font-size: 11pt;"> </span></b></h2>
<h2 style="margin: 2pt 0cm 0pt;">
<b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="color: windowtext; font-family: "Cambria",serif; font-size: 16pt;">Five credit habits that
can boost your score</span></b></h2>
<div style="margin: 6pt 0cm 0pt;">
<span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">Your credit score is
essentially your passport to financial opportunities. With a possible range of
300 to 900, your score tells lenders what kind of a risk you are likely to be
as a borrower. <span>A low credit score can prevent
you from getting the lowest mortgage rate, or even from getting a mortgage at
all. But here’s the thing, this important factor in your mortgage negotiation
is entirely within your control. That’s why it’s important</span><span style="color: black;"> to know the key credit behaviors that can boost your score
or keep it high:</span></span></div>
<ol start="1" style="margin-top: 0cm;" type="1">
<li style="background: white; color: black; font-family: "Cambria",serif; font-size: 11pt; font-style: normal; font-weight: normal; margin: 6pt auto 12pt; mso-add-space: auto; mso-list: l0 level1 lfo1;"><span><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">On time,
all the time</span></b></span><span><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">. The
single biggest factor in your credit score is having a timely bill payment
history. Never let a bill get past due. </span></span><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">That one habit is
your single biggest game-changer. Set up automatic payments if that will
help.</span></li>
<li style="background: white; color: black; font-family: "Cambria",serif; font-size: 11pt; font-style: normal; font-weight: normal; margin: 6pt auto 12pt; mso-add-space: auto; mso-list: l0 level1 lfo1;"><span><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">Know your
limits.</span></b></span><span><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;"> Your credit score is
based on your balances <i style="mso-bidi-font-style: normal;">relative to</i>
your available credit. Look at your credit limits and try not to use more
than 30 per cent of the available amount. </span></span><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">If your limit is
$10,000, try to not let your balance go higher than $3,000. </span></li>
<li style="background: white; color: black; font-family: "Cambria",serif; font-size: 11pt; font-style: normal; font-weight: normal; margin: 6pt auto 12pt; mso-add-space: auto; mso-list: l0 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">Don`t let it happen</span></b><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">. Don’t
ever let any bill go to Collections, even if it’s for a small or disputed
amount. These black marks on your credit are hard to erase. If it’s
happened, be prepared to explain why, and be sure it’s paid in full and
reported to Equifax. </span></li>
<li style="background: white; color: black; font-family: "Cambria",serif; font-size: 11pt; font-style: normal; font-weight: normal; margin: 6pt auto 12pt; mso-add-space: auto; mso-list: l0 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">Be selective</span></b><span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">. When
you’re asked - would you like to apply for our Store Card to save $X
dollars on your purchase today - don’t do it; the high rate that goes with
that card isn`t worth your savings on that particular purchase.</span></li>
<li style="background: white; color: black; font-family: "Cambria",serif; font-size: 11pt; font-style: normal; font-weight: normal; margin: 6pt auto 12pt; mso-add-space: auto; mso-list: l0 level1 lfo1;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="color: black; font-family: "Cambria",serif; font-size: 11pt; mso-fareast-font-family: "Times New Roman";">History is important.</span></b><span lang="EN-US" style="color: black; font-family: "Cambria",serif; font-size: 11pt; mso-fareast-font-family: "Times New Roman";"> Make sure you do have a credit history.
You may have a low score because you do not have a record of owing money
and paying it back. You can build a credit history by using a credit card.</span></li>
</ol>
<div style="margin: 6pt 0cm 0pt;">
<span lang="EN-US" style="font-family: "Cambria",serif; font-size: 11pt;">If you are wondering how to polish up your
credit, I would be happy to review your situation and outline your best options
for credit improvement. If you want to get a mortgage while you work on
bettering your score, I can also advise how that may be possible.<span style="mso-spacerun: yes;"> </span></span></div>
<div style="margin: 6pt 0cm 0pt;">
<span lang="EN-US" style="color: black; font-family: "Cambria",serif; font-size: 11pt;"> </span></div>
<div style="margin: 0cm 0cm 0pt;">
<b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="color: #222222; font-family: "Cambria",serif; font-size: 11pt; mso-fareast-font-family: "Times New Roman";">Low-Interest Credit Card for Homeowners. </span></b></div>
<div style="margin: 0cm 0cm 0pt;">
<b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="color: #222222; font-family: "Cambria",serif; font-size: 11pt; mso-fareast-font-family: "Times New Roman";"> </span></b></div>
<div style="margin: 0cm 0cm 0pt;">
<b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="color: #222222; font-family: "Cambria",serif; font-size: 11pt; mso-fareast-font-family: "Times New Roman";">9.9% interest <i style="mso-bidi-font-style: normal;">plus</i> earn reward points! </span></b><span lang="EN-US" style="color: #222222; font-family: "Cambria",serif; font-size: 11pt; mso-fareast-font-family: "Times New Roman";">If you typically carry a credit card balance,
you can reduce your interest by 50% or more with our Centra Gold Card. By
paying less interest each month, you can work towards becoming debt free
sooner. Plus you earn reward points that translate into 1% cash back on your
purchases.<sup>*</sup> Let’s discuss how this card can help you save money
during your mortgage years and keep your credit sharp!<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span></div>
<div style="margin: 0cm 0cm 0pt;">
<span style="font-family: "Cambria",serif; font-size: 11pt; mso-ansi-language: EN-CA;"> </span></div>
<div style="line-height: normal; margin: 0cm 0cm 0pt;">
<span lang="EN-US" style="font-family: "Cambria",serif; font-size: 8pt;">*REWARDS: Eligibility for
rewards and/or account credit is subject to the terms and conditions of the
Collabria MySelect Rewards and Cash Rewards programs. For full terms and
conditions, visit www.collabriacreditcards.ca/webres/File/Rewards
Terms/RTC-0415-FCG - MySelect Rewards Terms and Conditions.pdf. The Collabria Mastercard
is issued by Collabria Financial Services Inc. pursuant to a license from
Mastercard International Incorporated. Mastercard and the Mastercard Brand Mark
are registered trademarks of Mastercard International Incorporated.</span></div>
<br /></div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-80293493384227880602018-02-28T09:30:00.000-08:002018-02-28T09:30:13.840-08:00RRSP Downpayment Boost for First Time Homebuyers ... ends March 1<div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCd7r-1t5_Zas75yCz5PHhjI1v4ekrksk0fI9YiXghaQK_77LWHev7Z9cy04vtk3fWTlEanfwXb3c3jkzfdTxDRa3_9J0Hr4jvDR2UdgKFpqF7OyTAZvHDwTUdaT7YDF0gNI8saMggdsJs/s1600/MI_RRSP_DownpaymentBoost.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="900" data-original-width="1200" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCd7r-1t5_Zas75yCz5PHhjI1v4ekrksk0fI9YiXghaQK_77LWHev7Z9cy04vtk3fWTlEanfwXb3c3jkzfdTxDRa3_9J0Hr4jvDR2UdgKFpqF7OyTAZvHDwTUdaT7YDF0gNI8saMggdsJs/s320/MI_RRSP_DownpaymentBoost.jpg" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
RRSP Deadline is March 1, 2018. Using RRSP funds for down payment boost is more important than ever and a strategy first time home buyers need to hear.</div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
New Homebuyers can contribute to their RRSP if they have contribution room, withdraw the money after 90 days under the Federal Homebuyer's Plan, and also use the resulting tax refund to help with your down payment this spring. But you must contribute before the deadline! </div>
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Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0Kitchener, ON, Canada43.450301 -80.4831917000000243.265801 -80.805915200000015 43.634801 -80.160468200000025tag:blogger.com,1999:blog-1601420057493362898.post-25752465190657502272018-02-27T16:03:00.001-08:002018-02-27T16:03:34.215-08:00Four Insurance Defintions for Homebuyers<div dir="ltr" style="text-align: left;" trbidi="on">
<strong>Your Home & Mortgage </strong><br />
<strong>February 2018</strong><br />
<strong><br /></strong><br />
<strong><br /></strong><br />
<strong>Four Insurance Definitions for Homebuyers</strong><br />
<em><br /></em><br />
<em>It’s easy to get caught up in home buying frenzy and just focus on finding that perfect home. During all that excitement, be sure to take some time to get acquainted with a few key terms. Here are the four types of insurance you’ll encounter.</em><br />
<em><br /></em><br />
<em><br /></em><br />
<strong>High-Ratio Mortgage Insurance </strong><br />
<br /><br />
If your downpayment is between 5% and 20%, you are required to have “high-ratio mortgage insurance”. This insurance is there to protect the lender, and the premium is almost always added to your mortgage amount.<br />
<br /><br />
Example: Purchase price is $400,000 and you have 5% downpayment, for a total mortgage amount of $380,000. The mortgage insurance premium is 4% or $15,200, which is then added to your mortgage. The insurance premium declines at 10% and at 15% down. If you’ve saved up more than 20% of the purchase price, then you don’t need this insurance unless it’s required by the lender.<br />
<strong><br /></strong><br />
<strong>Title Insurance</strong><br />
<strong><br /></strong><br />
Having “title” means you have legal ownership of property. Title insurance protects owners and their lenders against losses related to the property’s title or ownership, such as: unknown title defects, liens against the property’s title, encroachment issues, title fraud, survey errors, and other title-related issues that can affect your ability to sell, mortgage or lease your property in the future. Premiums are collected upon purchase and based on the value of the property.<br />
<strong><br /></strong><br />
<strong>Home & Property Insurance </strong><br />
<strong><br /></strong><br />
This must-have insurance protects against risks to your property and contents in the event of fire, theft and some weather damage; it also includes liability insurance in the event that someone is hurt on the insured property. Most lenders require proof of home insurance, so be sure to have your policy in place after your offer is accepted and before your closing date.<br />
<strong><br /></strong><br />
<strong>Mortgage Life Insurance </strong><br />
<strong><br /></strong><br />
In the event of death, this insurance will pay the insured balance of the mortgage, discharge fees and prepayment penalties to the lender, and leaves the property with little or no mortgage for the surviving family or estate. There are many reasons to strongly consider this coverage because anything can happen at any age and at any time. Premiums are calculated based on age and the original mortgage balance.<br />
<br /><br />
Insurance can protect you and your family throughout your home ownership journey. If you are unsure about something, get in touch. I’m here to make sure your journey has a happy ending!<br />
<br /><br />
<a href="http://www.mortgagesbyfaye.com/" target="_blank">www.mortgagesbyfaye.com</a></div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-35802447102069100172016-08-05T14:32:00.003-07:002016-08-05T14:32:43.792-07:00Lower your debt and boost your monthly cash flow!<div dir="ltr" style="text-align: left;" trbidi="on">
<h2>
Lower your debt, boost your monthly cash flow, and be mortgage-free quicker.</h2>
If you're carrying high-interest credit card debt that has caused your cash flow to slow to a trickle, you owe it to your financial future to have a conversation about how you can roll that debt into your mortgage so you can save - sometimes thousands in interest - and start building wealth. Worried about penalties? Don't think it can make much difference? Think again. Using today's historically low mortgage rates, you have a golden opportunity to give yourself a tremendous financial boost. By using your home equity to consolidate your debt, you can improve monthly cash flow, have one easy payment, and be mortgage-free quicker.<br />
Look at this example from a recent client (mortgage, car loan and credit cards totaled $225,000; we rolled that debt into a new $233,000 mortgage, which included a fee to break the existing mortgage):<br />
<table border="0" cellpadding="4" cellspacing="1"><tbody>
<tr><td> </td><td> </td><td colspan="2" style="border-bottom: 1px solid; text-align: center;">Monthly Payments</td></tr>
<tr><td> </td><td style="text-align: right;">Total Debt</td><td style="text-align: right;">Current</td><td style="text-align: right;">New</td></tr>
<tr><td>Mortgage</td><td style="text-align: right;">$175,000</td><td style="text-align: right;">$ 969</td><td style="text-align: right;">$1,163</td></tr>
<tr><td>Car Loan</td><td style="text-align: right;">$ 25,000</td><td style="text-align: right;">$ 495</td><td style="text-align: right;">$ 0</td></tr>
<tr><td>All Credit Cards</td><td style="text-align: right;">$ 25,000</td><td style="border-bottom: 1px solid; text-align: right;">$ 655</td><td style="border-bottom: 1px solid; text-align: right;">$ 0</td></tr>
<tr><td>Total</td><td> </td><td style="text-align: right;">$2,119</td><td style="text-align: right;">$1,163</td></tr>
</tbody></table>
<br />
That's $956 LESS each month!<br />
Make this the start of a new financial life. We'd love to help you crunch some numbers to see what kind of life you could be living! Talk to us about scheduling a free, no-obligation review of your situation. We guarantee you'll be glad you did.<br />
<span class="small">+4.5% current mortgage, 3.5% new mortgage. Credit cards 19.5% and car loan 7%, both 5 yr am. Subject to change. OAC. For illustration purposes only.</span><b></b><i></i><u></u><sub></sub><sup></sup><strike></strike></div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-84568665154730376012016-01-15T10:15:00.002-08:002016-01-15T10:15:37.673-08:00Understand the full cost of buying a home<div dir="ltr" style="text-align: left;" trbidi="on">
<h1 class="mainTitle">
Understand the full cost of buying a home</h1>
<aside class="reco-category-terms"><a href="http://www.reco.on.ca/buyer-seller-news-category/reconnect/" style="text-transform: uppercase;">RECOnnect</a> </aside><div class="reco-article-date">
November 3, 2013</div>
<a href="http://www.reco.on.ca/wp-content/uploads/iStock_000017195934Large.jpg"><img alt="iStock_000017195934Large" class="alignnone wp-image-3715" height="320" src="http://www.reco.on.ca/wp-content/uploads/iStock_000017195934Large.jpg" width="320" /></a> <br />
When you’re looking to buy a home, it’s easy to forget that the purchase price is just one of many costs associated with ownership. These costs can add up and take an unexpected chunk out of your budget. So it’s important to understand the full cost of buying a property.<br />
<span class="subhead-copy">Pre-closing costs</span><br />
<strong>Home inspection</strong><br /> Getting a home inspection is a smart decision, because a qualified home inspector can identify underlying problems with a home’s major systems, like heating and electrical. To find a qualified home inspector speak to your real estate professional or check the websites of various home inspector associations.<br />
<strong>Appraisal and/or survey</strong><br /> Your lender (e.g., a bank) may require an appraisal or survey of the property you want to buy before they agree to provide financing. This is to double check that the value of the home or property matches its sales price.<br />
<span class="subhead-copy">Closing Costs</span><br />
<strong>Land transfer tax</strong><br /> In Ontario, a land transfer tax of up to 2 per cent of the purchase price applies. In Toronto, an additional tax applies, also up to 2 per cent. First-time homebuyers are eligible for a refund of the tax. Talk to your real estate professional about your eligibility.<br />
<strong>Mortgage insurance</strong><br /> If the down payment on your home is less than 20 per cent of its sales price, you will be required to buy mortgage insurance. Rates depend on how much you are borrowing. For more information, visit www.cmhc-schl.gc.ca.<br />
<strong>Legal fees</strong><br /> There are a number of legal documents and contracts involved in the purchase of a home. Your lawyer will do a title search on the home to ensure the seller can actually sell the property and that there are no liens against it. They will also register the deed and mortgage for you. Find an Ontario lawyer by visiting the Law Society of Upper Canada www.lsuc.on.ca.<br />
<strong>Title insurance</strong><br /> Title insurance protects you against title fraud, errors in public surveys, encroachment issues with neighbours and more. Speak to your lawyer during the closing period for more details.<br />
<strong>Adjustments</strong><br /> Adjustments are costs that the seller pre-paid but which you now owe because you’re the one who’s going to be living in the home (e.g., property taxes, maintenance fees, rental fees for hot water heaters). You will need to refund the seller for these.<br />
<strong>Home insurance</strong><br /> You must have insurance on your home before lenders will release the funds for the sale to close.<br />
<strong>Harmonized Sales Tax (HST)</strong><br /> Newly-constructed homes are subject to HST of 13 per cent, although buyers may be eligible for rebates from both the Ontario and Federal governments. HST does not apply to resale homes.<br />
<strong>Tarion new home warranty program</strong><br /> In Ontario, new homes are covered by a warranty program, administered by Tarion. The warranty protects new home buyers against various issues that may emerge, including structural defects in the home. It also offers deposit protection to buyers of new homes. Sometimes the Tarion enrollment fee is included in the purchase price and other times it is due at closing. For more information, visit www.tarion.com.<br />
<span class="subhead-copy">After-closing costs</span><br />
<strong>Moving costs</strong><br /> Moving costs vary widely based on how much stuff you have, how far you’ll be moving, and whether you’ll hire a professional mover or rent a truck and move yourself.<br />
<strong>Utility and service hook-ups</strong><br /> Some gas, hydro, water and telecommunications companies charge a hook-up fee.<br />
<strong>Renovations and repairs</strong><br /> If you want to make major renovations after move-in, it can add significantly to your costs. A home inspection or disclosure from the seller may also identify repairs that are needed.<br />
<strong>Appliances, furniture and decorations</strong><br /> Once you’re in your new space, there’s a good chance you’ll want fresh décor to make it your own.<br />
<br />
courtesy of RECO</div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-45345583432316716022015-10-16T11:36:00.004-07:002015-10-16T11:36:55.693-07:00Your Home's Fall Checklist!!<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: 17px; font-weight: bold;">Your Home's Fall Checklist</span> <br />
<div style="font-size: 12px; margin: 10px 0px 15px;">
2015-09-24 </div>
<table align="left" border="0" cellpadding="0" cellspacing="0"><tbody>
<tr><td>It's time to start thinking about preparing your home for the colder weather; a few little things can make a big difference for your home and save you time and money later.<br />
<div style="text-align: center;">
<img alt="" height="360" src="http://mortgageintelligenceadmin.roarsolutions.com/siteimages/articles/NewFeedImages/FallChecklistImage2.jpg" width="640" /></div>
</td></tr>
<tr><td><table border="0" cellpadding="0" cellspacing="0" style="width: 100%;"><tbody>
<tr><td valign="top" width="35"><div align="right">
<strong> </strong></div>
</td><td width="12"><br /></td><td><ul><br />
<li><strong>Get your mind in the gutters</strong> so they are checked and cleaned, and don't forget the downspouts.</li>
</ul>
</td></tr>
<tr><td valign="top" width="35"><div align="right">
<strong> </strong></div>
</td><td><br /></td><td><ul>
<li><strong>Plug any gaps and cracks around windows and doors</strong> with weather-stripping and caulking. If there is a door between your house and garage make sure it closes completely.</li>
</ul>
</td></tr>
<tr><td valign="top" width="35"><div align="right">
<strong> </strong></div>
</td><td><br /></td><td><ul>
<li><strong>Clean your patio furniture</strong> before you store it away, you'll be happy you did in the spring.</li>
</ul>
</td></tr>
<tr><td valign="top" width="35"><div align="right">
<strong> </strong></div>
</td><td><br /></td><td><ul>
<li><strong>Drain</strong> and store garden hoses.</li>
</ul>
</td></tr>
<tr><td valign="top" width="35"><div align="right">
<strong> </strong></div>
</td><td><br /></td><td><ul>
<li><strong>Replace your furnace filters</strong> if you haven't done so in the last 3 months.</li>
</ul>
</td></tr>
<tr><td valign="top" width="35"><div align="right">
<strong> </strong></div>
</td><td><br /></td><td><ul>
<li><strong>A furnace physical</strong> is important; have a professional inspect your heating system.</li>
</ul>
</td></tr>
<tr><td valign="top" width="35"><div align="right">
<strong> </strong></div>
</td><td><br /></td><td><ul>
<li><strong>Keep the fires burning</strong> by checking the chimneys for obstructions such as nests. Consider having the wood-burning fireplace and stove flues and chimneys professionally inspected and swept.</li>
</ul>
</td></tr>
<tr><td valign="top" width="35"><div align="right">
<strong> </strong></div>
</td><td><br /></td><td><ul>
<li><strong>Think safety</strong> and test smoke and carbon monoxide monitors, and rid your home of any fire hazards.</li>
</ul>
</td></tr>
<tr><td valign="top" width="35"><div align="right">
<strong> </strong></div>
</td><td><br /></td><td><ul>
<li><strong>See you next year.</strong> Cover outside of air-conditioning unit and shut off power. Winterize your landscaping.</li>
</ul>
</td></tr>
<tr><td valign="top" width="35"><div align="right">
<strong> </strong></div>
</td><td><br /></td><td><ul>
<li><strong>And reduce stress!</strong> September is a great time to review your finances and to even start thinking about a budget for your holiday spending. If you have a lot of high interest debt, today's rock bottom rates make this a great time to get in touch to see if you qualify to have that debt moved into a low-rate mortgage. That one simple step can boost your cash flow and save thousands in interest. And making fewer debt payments each month is a certain stress reliever!</li>
</ul>
</td></tr>
</tbody></table>
</td></tr>
</tbody></table>
</div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-17525402688035767302015-06-12T11:03:00.004-07:002015-06-12T11:03:56.174-07:00What is the Home Buyers' Plan?<div dir="ltr" style="text-align: left;" trbidi="on">
<h1 id="wb-cont" property="name">
What is the Home Buyers' Plan?</h1>
The Home Buyers' Plan (HBP) is a program that allows you to withdraw up to $25,000 in a calendar year from your registered retirement savings plans (RRSPs) to buy or build a <a href="http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/dfntns-eng.html#qlfy_hm">qualifying home</a> for yourself or for a related <a href="http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/dfntns-eng.html#prsn_wth_dsblty">person with a disability</a>.<br /> <br />
<div class="alert alert-info">
<h2 class="h4">
<strong>Notice on RC4135</strong></h2>
<span lang="EN-CA">The information on this page replaces the information in Guide RC4135, <em>Home Buyers’ Plan</em>, which has been eliminated.</span></div>
<div class="module-related span-6">
<h2 class="background-medium">
Topics</h2>
<ul>
<li><a href="http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/cndtns/menu-eng.html"><strong>How can I participate in the Home Buyers' Plan?</strong> </a><br /> What are the HBP eligibility and RRSP withdrawal conditions?</li>
<li><a href="http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/wthdrwl-eng.html"><strong>How do I withdraw funds from my RRSPs under the Home Buyers' Plan?</strong> </a><br /> Follow the steps to withdraw funds from your RRSPs</li>
<li><a href="http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/rpymnts/menu-eng.html"><strong>How do I repay the funds I withdrew from my RRSPs under the Home Buyers' Plan?</strong> </a><br /> When and how much to repay, how to make a repayment and exceptions to repayment dates</li>
<li><a href="http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/cncllng/menu-eng.html"><strong>How do I cancel my participation to the Home Buyers' Plan?</strong> </a><br /> Situations when you can cancel your participation, how to cancel and due dates</li>
<li><strong><a href="http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/flng-eng.html">How do I report my repayments on my income tax return?</a></strong><br /> </li>
</ul>
</div>
<div class="clear">
<div class="panel panel-default">
<div class="panel-heading">
<h2 class="panel-title">
Notes</h2>
</div>
<div class="panel-body">
<span lang="EN-CA">You will see references to the pooled registered pension plan (PRPP) in the HBP information pages. For more information, go to <a href="http://www.cra-arc.gc.ca/tx/prpp-rpac/menu-eng.html">The Pooled Registered Pension Plan (PRPP)</a></span><span lang="EN-CA">.</span></div>
</div>
</div>
<h2>
Forms and publications</h2>
<ul>
<li><a href="http://www.cra-arc.gc.ca/E/pbg/tf/t1036/README.html">Form T1036, Home Buyers' Plan (HBP) Request to Withdraw Funds from an RRSP</a></li>
<li><a href="http://www.cra-arc.gc.ca/E/pbg/tf/5000-s7/README.html">Schedule 7, RRSP and PRPP Unused Contributions, Transfers, and HBP or LLP Activities</a></li>
</ul>
*source - Canada Revenue Agency</div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-41886809639509768592015-06-03T09:54:00.000-07:002015-06-03T09:55:16.915-07:00Preparing your home for a showing<div dir="ltr" style="text-align: left;" trbidi="on">
<h2>
<a href="http://www.point2.com/blog/2015/05/26/how-to-prepare-for-a-home-showing/" rel="bookmark" title="Permanent Link to How to Prepare for a Home Showing"><span style="color: #4786d6;">How to Prepare for a Home Showing</span></a></h2>
<div class="entry">
Just because you have decided to sell a home, that doesn’t mean it’s ready to hit the market quite yet. To sell for the highest dollar amount in the shortest amount of time, it’ll have to impress buyers and—in most cases—that means the home will need to show well.<br />
Home showings are a critical part of the home selling process. A showing invites buyers inside and lets them imagine living in the home. Usually after touring a few homes, buyers will be ready to place an offer. Shouldn’t your listing be the one that shows best?<br />
<a href="http://www.point2.com/blog/wp-content/uploads/2015/05/HomeShowing_05-27_blog.jpg"><img alt="how to prepare for a home showing" class=" wp-image-61611 alignright" src="http://www.point2.com/blog/wp-content/uploads/2015/05/HomeShowing_05-27_blog.jpg" height="260" hspace="10" vspace="10" width="260" /></a>When you’re getting a home ready to sell, whether you’re the home owner or the real estate working in your clients’ best interests, here is how to prepare for a home showing as efficiently as possible:<br />
<h3>
<span style="color: #003366;">Clean</span></h3>
First things first, hire professionals to deep clean the home. Baseboards, cabinet shelves, switchplates… all of these things should be sparkling and spotless before any potential buyers set foot inside.<br />
<h3>
<span style="color: #003366;">Assess</span></h3>
Sellers and their agent should walk through the home together. Real estate agents will be able to identify anything that might be a red flag to buyers, so you can put it on a fix-it list to tackle later.<br />
<h3>
<span style="color: #003366;">Repair</span></h3>
What’s broken in the home? If it’s relatively easy to fix (meaning you don’t have to remodel), do it! Spending a few hundred dollars now could save you thousands in time on the market and contract negotiations later.<br />
<h3>
<span style="color: #003366;">Declutter</span></h3>
Homes that look roomy and spacious—rather than small and cluttered—show best. To get this look, the current owners may need to remove some clutter and store it offsite in a storage unit or elsewhere. Make sure closets aren’t overflowing, and counters are clear!<br />
<h3>
<span style="color: #003366;">Stage</span></h3>
Staging goes above and beyond cleaning and decluttering, using interior design tips and tricks to make a home more inviting to a range of personality types and tastes. Some agents have home staging expertise and others may work with stagers in your area. Here are <a href="http://www.point2.com/blog/2013/01/15/home-staging-in-8-easy-steps/"><span style="color: #4786d6;">8 DIY home staging tips</span></a>, <a href="http://www.point2.com/blog/2014/08/14/5-feng-shui-home-staging-tips/"><span style="color: #4786d6;">5 Feng Shui home staging tips</span></a> and <a href="http://www.point2.com/blog/2014/11/28/5-funny-home-staging-fails/"><span style="color: #4786d6;">5 funny staging fails</span></a> to get you started.<br />
<h3>
<span style="color: #003366;">Polish</span></h3>
Now that you’ve done what you can inside the home, polish the outside for instant curb appeal. Clean the windows, repaint the front door and freshen the flower beds. Here are some <a href="http://www.point2.com/blog/2013/02/14/increase-your-curb-appeal/"><span style="color: #4786d6;">quick changes you can make in just one weekend</span></a>!<br />
<h4>
<em>A note about pets:</em></h4>
Lots of people have pets, but unfortunately not everyone likes them. If there are pets in your home, try to minimize their impact so they (and their fur and their scents) are not top-of-mind when buyers come to visit. Keep pet beds clean and out of sight, the yard picked up and toys stashed in cute baskets or containers in closets. If you think steam cleaning the couch or curtains will freshen things up, go for it!<br />
<strong><em>What’s your #1 home showing tip for home sellers? </em></strong><br />
<strong><em>*Source- Point 2</em></strong></div>
</div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-63726106428684717372015-05-21T11:46:00.000-07:002015-05-21T11:46:10.740-07:00How to Fix Your Credit rating score ....for Free in Canada<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: 17px; font-weight: bold;">5 Steps to Re-Establish or Fix Your Credit for Free in Canada</span> <br />
<div style="font-size: 12px; margin: 10px 0px 15px;">
2015-04-24 </div>
<br />
<strong>How to Fix Your Credit Score (Rating) Yourself</strong><br />
<div style="text-align: center;">
<strong><img alt="5 steps to re-establish or fix your credit for free in Canada" src="http://mortgageintelligenceadmin.roarsolutions.com/siteimages/articles/DB15036_financialconcepts_66748464-1.jpg" title="5 steps to re-establish or fix your credit for free in Canada" /></strong></div>
If you have poor credit, you can <strong>fix your credit score (score rating)</strong>, but it can take time - even years. Because of the time involved, we prefer to talk about this process in terms of re-building or re-establishing your credit rather than simply “fixing your credit.” Fixing sounds like a fast process, but there is rarely anything quick about it.<br />
<strong>How to “fix your credit” score fast</strong><br />
If the problem is a low <a href="http://www.mymoneycoach.ca/credit_rating/what-is-credit-score.html">credit score (or credit rating)</a>, caused by one of these two issues, then here is how you may be able to fix it quickly:<br />
<ol>
<li><strong>Reduce your credit card or line of credit balances to below 75% of your limit.</strong> If your low credit score is due to having maxed out credit cards or very high balances on your revolving debts (e.g. line of credit or credit cards), this can be fixed as quickly as you can bring your balances owing, down to below 75% of your credit limits (below 50% is best). About a month after you pay down your balances (and keep them there), your credit score should rebound as long as you don’t have any other negatives against you, like late payments.</li>
<li><strong>Get collections removed from your credit report.</strong> If your credit score is being held back because of collections reporting on the public records section of your credit report, you may be able to revive your flagging credit score by paying off the collections and then requesting that those creditors remove their collection notations from your credit report. The type of collections that appear under the public records section of a credit report are things like unpaid utility bills, cable bills, telephone bills, cell phone bills, parking tickets and other debts that are in collections that weren’t originally a credit account.</li>
</ol>
You can quickly find out if either of these two issues is causing you problems. Simply <a href="http://www.mymoneycoach.ca/credit/check-credit-rating-report-score.html">request a copy of your credit report along with your credit score to find out</a>.<br />
If you have more problems on your credit report than the two mentioned above, then there is no quick fix for your credit score. Your credit will need to be re-established. It will take time for you to rebuild it, but it can be done. Below we discuss five steps to help you rebuild your credit score.<br />
<strong>5 Steps to Rebuilding Your Credit Score</strong><br />
<strong>1. Identify why you have a credit problem</strong><br />
If you <a href="http://www.mymoneycoach.ca/credit/check-credit-rating-report-score.html">obtain a copy of your credit report</a> along with your credit score, you can find out if you have bad credit. Knowing that you don’t have good credit is not enough. You need to know why you have bad credit.<br />
For many people their credit problems may have been brought on by circumstances largely beyond their control like an injury or illness, unemployment, reduced income, or a separation or divorce. If this is what has happened to you, then skip ahead to point number 2. If you aren’t exactly sure why you have credit problems, then read on.<br />
Some people focus on “easy” credit solutions like <a href="http://www.nomoredebts.org/debt-help/bankruptcy.html" target="_blank">declaring bankruptcy</a> and don’t take the time to figure out how they got into a financial mess until they are facing the prospect of a second or third bankruptcy. It is important to figure out why you got into the trouble you are in so that you can learn from your mistakes and not repeat the same mistake twice.<br />
If you can’t figure out why you are having financial or credit problems, speak with someone who can help you. Talk with a trusted friend or family member, a Financial Planner or a Credit Counsellor.<br />
<strong>2. Create a spending plan</strong><br />
One of the key reasons that so many people end up with credit problems and low credit scores is they haven’t made a spending plan, or if they have, they haven’t followed it. A spending plan is another name for a budget. If you really want to fix your credit and maintain good credit going forward, you have to have a spending plan or a budget. Without one, you will likely spend more than you earn and end up in trouble. <a href="http://www.mymoneycoach.ca/my_budget.html">Click here to learn how to create a budget</a>.<br />
There is one critical part of a budget that many people overlook, and that is allocating some money every month to a separate savings account. You need to do this even if you are up to your eyeballs in debt (if you are drowning in debt, <a href="http://www.mymoneycoach.ca/my_budget/get_debt_help.html">click here for help</a>). If you don’t have any savings, what will you do when the next “emergency” or unplanned expense pops up? Will you put it on credit? Unplanned expenses happen all the time. It is part of life. If you don’t have any savings, it will be extra hard to get out of debt.<br />
To begin your savings, put aside a few hundred dollars and then work up to $500 and eventually $1,000. If this seems like a lot of money to keep in savings, think about how much emergency car repairs or home repairs could cost. How much would an emergency trip to visit an ill family member cost? Hopefully you can see that having some savings on hand is critical to staying within your budget and getting out of debt (we’ll talk more about getting out of debt under point number 3).<br />
<strong>3. Deal with your debt</strong><br />
<strong>Pay down your balances</strong><strong> </strong><br />
Once you have a spending plan or budget in place, you can look at dealing with your debt. The best way to deal with debt that is causing credit problems is to start paying it off. <a href="http://www.mymoneycoach.ca/my_budget/out_of_debt.html">Click here to learn about ways of paying off debt more quickly</a>. If you are using 75% or more of your limit on any of your credit cards or line of credit, than you should focus on paying down your debt as quickly as possible. When you use 75% or more of any of your credit limits, it negatively impacts your credit score. Paying your credit cards down to below 50% of their limits will really help your credit score the most. This will also help your budget since you will be paying less interest.<br />
<strong>Catch up your late payments</strong><strong> </strong><br />
If you are late on any payments, do your best to catch up. If you don’t catch up your late payments, then they will continue to report on your credit report as being overdue. This will make your credit report look worse and worse over time. If you can’t make up the missed payments, call your creditors and see if they can work with you to get things back on track. If you can’t get caught up or if creditors will not work with you, <a href="http://www.mymoneycoach.ca/my_budget/get_debt_help.html">contact a non-profit credit counselling service</a> to help you get your situation straightened out. Credit counselling organizations can offer debt repayment programs that will help you pay off your debts with one affordable monthly payment, and then at the end of the program, you get to re-establish your credit rating with a clean slate. This option isn’t for everyone, but it helps a lot of people re-establish their credit much more quickly than any other credit fixing option can, and <a href="http://www.newswire.ca/en/story/1195591/consumers-who-use-credit-counselling-services-outperform-average-canadians" target="_blank">according to Equifax</a> people who complete non-profit <a href="http://www.mymoneycoach.ca/debt-consolidation-loan-options-mmc.html#5">debt repayment programs</a> tend to have higher credit scores than average Canadians.<br />
<strong>Can bankruptcy fix my credit?</strong><strong> </strong><br />
If you have exhausted all of your options and a reputable Credit Counsellor has told you that bankruptcy is your only option, then you can go bankrupt to fix your credit. Unfortunately, many people don’t speak with a Credit Counsellor before choosing this option and end up regretting this choice. Bankruptcy should only be used as a last resort. It is also the <a href="http://www.nomoredebts.org/debt-help/bankruptcy/how-to-rebuild-credit-after-bankruptcy.html" target="_blank">slowest way to rebuild your credit</a>. The whole <a href="http://www.nomoredebts.org/debt-help/bankruptcy-canada/bankruptcy-process-steps-1-10.html" target="_blank">bankruptcy process</a> can end up impacting you negatively for 8 to 10 years and <a href="http://www.nomoredebts.org/debt-help/bankruptcy-canada/which-debts-included-in-bankruptcy.html" target="_blank">may not deal with all of your debts</a>.<br />
<strong>The longest that negative information can stay on your credit bureau</strong><strong></strong><br />
If you don’t go bankrupt, the longest time that most negative information is allowed to stay on your credit report is 6 - 7 years, depending on which province you live in. For bankruptcies, it’s 6 – 7 years after you’ve been discharged and judgements can be renewed for up to 10 years, if someone has obtained a judgement against you. For example, if you had a string of late payments on a credit card, but then you began to make your payments on time and continued paying on time for six years, then after 6/7 years, all record of those late payments should be erased from your credit report. As far as anyone is concerned who reads your credit report, those late payments never happened. If the late payments continue to show after 6/7 years, you should contact the credit bureau company that is reporting the old information and request that they stop reporting it. They are required to look into the matter and follow up on your request if they are reporting any derogatory information that is more than 6/7 years old.<br />
<strong>What if I can’t go bankrupt?</strong><strong></strong><br />
If you are in a very difficult financial situation and bankruptcy is your best option, what do you do if you can’t afford to go bankrupt? There are two types of people who can’t go bankrupt: those who can’t afford the <a href="http://www.nomoredebts.org/debt-help/bankruptcy-canada/cost-and-fees-of-declaring-bankruptcy.html" target="_blank">$1,800 bankruptcy fee</a>, and those who earn too much money or have too many assets to qualify for bankruptcy. If you earn too much or your assets are worth too much, <a href="http://www.mymoneycoach.ca/debt-relief-canada.html">meet with a Credit Counsellor to work out a plan for repaying your creditors</a>. If you can’t afford the bankruptcy fee, than you can essentially do the same thing as going bankrupt by doing nothing. If you don’t make any payments on your debts for 6 full years, then by law, your debts will no longer be collectable. You will essentially be free of them. This option should only be considered by those who are in a desperate financial situation and cannot afford to pay their debts. Creditors will not let someone who has a job or owns any assets get away with this. If you have a job or assets, creditors can take you to court and seek a judgment against you. If a judge agrees with them and grants a judgment, it is good for 10 years and can be renewed for another 10 years thereafter. So if you are looking for an easy way out, don’t look at this option. However, if you are in a really bad financial situation, than this option could make sense, and you could rebuild your credit after waiting 6 years. Just make sure that you write letters to your creditors and inform them in writing that you only wish to be contacted in writing. This will stop their collection calls, and then they will only send you letters in the mail. This will work until your debts are sold to collection agencies, then you will have to write them letters as well. Otherwise they will call you too.<br />
<strong>4. Make your payments as agreed</strong><br />
Once you have caught up your late payments and are now paying your debts on time, it is important to continue paying as agreed (on time) if you want to re-build your credit. This is the simplest way to restore and maintain good credit—just make your payments as agreed. Pay on time every month, and work at paying down your balances and everything else should take care of itself. It really isn’t any more complicated than this.<br />
When it comes to paying your bills on time, just remember that computers keep track of your payments, not people. If you are late, there are no excuses. Computers are ruthless when it comes to keeping track of things, and you can’t argue with them. Always pay your bills two or three days before they are due just in case there is a delay in your creditor receiving your payment.<br />
<strong>5. How to re-establish credit</strong><br />
Once you get started fixing your credit, don’t wait until all of the negative information on your credit report falls off before you try to re-establish your credit. Some people get themselves into a situation where they end up with no active credit—only debts that they have paid off. If you have paid off all of your debts, and none of your past negative information is reporting on your credit bureau, you will have no credit score (or a negative score) unless you have at least one active credit account reporting. Without an active credit account, the computers that calculate credit scores can not generate a positive credit score for you because they can’t evaluate how you are currently using credit. This is why it can be a good idea to have at least one credit account (this can be a credit card, line of credit or overdraft) that you maintain responsibly at all times so that the credit system can create a positive credit score for you.<br />
If you are in the process of fixing your credit by paying your credit cards as agreed and waiting for time to pass, it may be a good idea to get one credit card or an overdraft account so that it can report on your credit bureau. This way when the negative information falls off your credit report there is a history of good information which can instantly give you a good credit score once the bad stuff is gone.<br />
If you still have negative information on your credit report, than you will most likely have to apply for a secured credit card or secured overdraft account. With a secured card or secured overdraft, your financial institution will hold your money as security for your credit limit. This way if you fail to make your payments, they will just close your account and pay it off with your money that they are holding on to. If you are interested in checking out something like this, check with your bank, your credit union or with the major credit card companies to see if they offer something like this. We discuss this option in more detail on our “<a href="http://www.mymoneycoach.ca/credit_rating/establishing_credit.html">Establishing Credit</a>” page.<br />
You can also re-establish your credit by taking care of your credit issues then have someone co-sign a loan, credit card or overdraft for you. This person must of course qualify for additional credit on their own. If you have someone who is willing to do this, you can consider this option. However, <a href="http://www.mymoneycoach.ca/credit_rating/cosigning.html">there are some dangers to co-signing that you should be aware of</a>.<br />
<strong>Conclusion</strong><br />
If you have damaged your credit, following the suggestions offered on this page should help you get re-established. Many people go to great lengths to try to improve or maintain their credit. We don’t think that your credit score is as important as many people hold it out to be. Whatever decision you make, you need to do what makes the most sense for you, your situation and your family. Sometimes doing the right thing for your situation may hurt your credit score for a while. The only time that you need a great credit score is when you plan to apply for credit. If you have no plans of applying for credit any time soon, then just try to be responsible and do the right thing, but don’t get too carried away about the importance of your credit score. Many banks and credit unions have their own credit scoring systems which they use instead of the standard FICO credit scoring system. So no one can give you precise advice on how to beat the system and have the very best score. Your objective should be to have a good credit situation from anyone’s point of view—not just from the perspective of one score.<br />
<br />
For the original article <a href="http://www.mymoneycoach.ca/credit/fix-credit">CLICK HERE </a><br />
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<div align="right" style="font-size: 14px;">
Source: http://www.mymoneycoach.ca/</div>
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Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-84686131953784327362015-05-12T11:36:00.001-07:002015-05-12T11:38:17.514-07:00Why choose a Mortgage Broker...everytime!!<div dir="ltr" style="text-align: left;" trbidi="on">
<h1 title="Why Use a Broker">
Why Use a Broker</h1>
<div style="margin-top: 12px;">
</div>
<strong>Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs.</strong><br />
Mortgage Brokers primary expertise is locating funding for mortgage financing. They know where the best rates can be found. What's more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.<br />
<br />
<strong>So why deal with a Mortgage Broker?</strong><br />
Mortgage Brokers represent you, the customer, not the lender. Because they are not employees of a lending institution, Brokers are not limited in the product they can offer you. Brokers seek out the best lender package to suit your specific situation, whether it’s with a Chartered Bank, Trust or Insurance Company, or Private Funds.<br />
There is a wide assortment of options and features available to homebuyers today. Shopping around takes a lot of time and effort. The mortgage process within today's very competitive marketplace intimidates many Canadian homebuyers. It pays to work with a mortgage professional who will represent you and ensure the mortgage you get is the one best suited to your needs.<br />
Choosing the wrong mortgage can cost you thousands of extra dollars. Mortgage Brokers are trained professionals who can help you save on your mortgage dollar.<br />
<br />
<strong>Reasons to use a Mortgage Broker</strong><br />
• Access to different lenders, banks, trust companies, investors and financial institutions. <br />
• Fast credit and loan pre-approvals with no cost or obligation. (Some conditions may apply)<br />
• They are experts at matching you with the best-suited mortgage. <br />
• Get mortgage rates at wholesale, guaranteed up to 120 days. <br />
• They work for YOU, not the bank. <br />
• Up-to-date on all the mortgage rates, terms and re-payment options available on the market. <br />
• They only specialize in mortgages and are knowledgeable on current trends. <br />
• They increase competition in the market place, thus keeping rates low. <br />
• They save you time and money! <br />
• Brokers have vested interest in satisfying your needs since they rely on referrals and repeat business. <br />
<br />
<strong>Other than rates, why should I use a Mortgage Broker?</strong><br />
In addition to rates, because mortgage-based financing is the broker's primary business, he or she has developed expertise in what type of mortgage financing each lender prefers to pursue. This kind of knowledge not only results in the most favourable rates for each project, but often whether a project is funded at all.<br />
<strong>How do Mortgage Brokers Find Superior Rates?</strong><br />
Interest rates are a concern to borrowers. Because of their daily contact with lenders, brokers know which project or home attracts a favorable interest rate from one institution, but a higher rate at another. Some institutions, in fact, will only accept mortgage submissions from mortgage brokers.<br />
These rates, and preferences for types of mortgages, can change daily, depending on economic circumstances or based on the size of an institution's portfolio in a particular type of mortgage. Your Mortgage Broker keeps current and knows which lender to approach first. As a result, mortgage rates obtained by Brokers are among the best available at the time of placement.<br />
<strong>Why should I go to a Mortgage Broker first?</strong><br />
A professional presentation to a lender on the first application will get the best response and save you valuable time and money. Secondary applications with previous credit bureau inquiries may be more costly.<br />
Often the success of obtaining mortgage approval depends on the way a proposal is presented and to whom it is sent. Your Mortgage Broker is trained to present your mortgage proposal where and how it will get the most immediate, positive result.<br />
You don't call an insurance company for insurance - you use an insurance broker, because of their expertise, product knowledge and rates. So remember, call your mortgage broker first!<br />
<strong>How do Brokers get better deals than many Banks?</strong><br />
The lenders who work with mortgage brokers include traditional sources, such as chartered banks, trust companies, as well as corporate and private pension funds.<br />
In addition to these sources, brokers often develop professional relationships with private sources of funds, termed private lenders. These lenders can provide many various mortgage products not available at conventional sources.</div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-75716916358724318612015-04-16T11:04:00.002-07:002015-04-16T11:04:02.675-07:00How Real Estate Market conditions affect your offer price<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div align="center" class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><u><span style="font-size: 14pt; line-height: 115%;"><span style="font-family: Calibri;">How Real Estate
Market conditions affect your offer price<o:p></o:p></span></span></u></b></div>
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<div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-CA;">A hot
market is a "seller’s market". During a seller's market, properties
can sell within a few days of being listed and there are often multiple offers.
Sometimes homes even sell above the asking price. Though most buyers want to
get a "deal" on a home, reducing your offer by even a few thousand
dollars could mean that someone else will get the home you desire.<br />
<br />
A slow market is a "buyer’s market". During a buyer’s market
properties may languish on the market for some time and offers may be few and
far between. Prices may even decline temporarily. Such a market would allow you
to be more flexible in offering a lower price for the home. Even if your
offered price is too low, the seller is likely to make some sort of
counter-offer and you can begin negotiations.<br />
<br />
More often than not, the market is simply "steady," or in transition.
When a market is steady, no real rules apply on whether you should make an
offer on the high end of your range or the low end. You could find yourself in
a situation with multiple offers on your desired house, or where no one has
made an offer in weeks.<br />
<br />
Transition markets are more difficult to define. If the economy slows
unexpectedly, as it did in the early nineties, people who buy on the high end
of a seller’s market (like the late eighties) could find their home loses value
for several years. So far, no one has proven reliable in predicting when
markets change or how good or bad the real estate market will become.<o:p></o:p></span></div>
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<o:p><span style="font-family: Calibri;"> </span></o:p></div>
</div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-78149788345783693322015-01-20T10:33:00.000-08:002015-01-20T10:33:14.156-08:00How to Get Rich with Real Estate<div dir="ltr" style="text-align: left;" trbidi="on">
<strong><em>By Michael Dominguez<br /></em></strong> Critics will argue that $1 million isn’t the same value as it used to be, but it still has a very nice ring to it. You can be a millionaire. Visions of Scrooge McDuck and the guy with the top hat in the Monopoly game come to mind.<br /><br /> Also note that, according to the <em>World Wealth Report 2014</em>: “There are now approximately 320,000 high net-worth individuals in Canada — that’s people who have at least $1 million in financial assets, excluding their principal residence”.<br /><br />But how can you be sure to get into that select company, invest in real estate and hold onto that asset?<br /><br /> I bet you’re thinking: it can’t be that simple. You would be right. Yes, you must select a property in an area that has the right fundamentals, you must deal with tenants and you must sacrifice a few weekends a year to deal with issues. But in the end, you WILL be a millionaire.<br /><br /> Let me run through some of the numbers for you. Somehow, some way, get $600,000 of real estate under your control. That could be one, two or even three properties, depending on the area of the country. Not just any property will do. Make sure the property can generate enough rental income to support the expenses and debt financing.<br /><br /> If you look back in Canadian real estate history, a good area has doubled in value every 15 years or so. But for this example, let’s say it takes 20 years for your well-positioned property to double in value.<br /><br /> Your $600,000 in assets is now worth $1.2 million. Meanwhile, your mortgage debt is almost paid off and is sitting around $200,000. That doesn’t even take into consideration $1 in total cash flow.<br /><br /> You, my friend, used real estate to become a millionaire. As of 2014, approximately one per cent of the Canadian population has a net worth of investable assets. Let’s say that number jumps to between three and five per cent by 2035. I’m sure you’d be okay being one of the top five per cent richest Canadians in 20 years.<br /><br /> The key component between winners and “also-rans” in the real estate world is that the winners take action and continue to take action. Take those weekend courses, do your research, build your power team, then TAKE ACTION.<br /><br /> Real estate is really not a get-rich-quick scheme, but it certainly is a get-rich-for-sure scheme.<br /><br /><strong><em>Michael Dominguez is an investor and Realtor with RE/MAX Jazz Brokerage. </em></strong><br /><br /><strong><em>He was also the winner of Realtor of the Year at CREW’s <a href="http://topinvestor.ca/" rel="nofollow">Top Investor Awards 2014</a>. Nominations are now open for the 2015 awards. For more information, visit <a href="http://topinvestor.ca/" rel="nofollow">http://topinvestor.ca/</a></em></strong></div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-6696798758239913152014-11-19T11:11:00.001-08:002014-11-19T11:11:58.500-08:00House hunting with your head and not your heart!<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: 17px; font-weight: bold;">How to house-hunt with your head, not your heart</span> <br />
<div style="font-size: 12px; margin: 10px 0px 15px;">
2014-11-13 </div>
<h3>
<strong>March 19th, 2014 by <a href="http://www.mmsend54.com/link.cfm?r=1012117512&sid=57734865&m=7667397&u=INVIS&j=23139099&s=http://goldengirlfinance.com">Golden Girl Finance</a></strong></h3>
<strong>What is your HIQ? Let's find out in 8 steps...</strong><br />
Contrary to popular belief, home is not where the heart is. Home is where the head is - and if you don’t use your head when house-hunting you could find yourself wishing you’d never said “I do” to that not-so-dream home.<br />
Though it’s sometimes appropriate to let your heart take the lead, finding the right home is a matter of hunting with your head.<br />
But as we learned after talking to the <a href="http://www.mmsend54.com/link.cfm?r=1012117512&sid=57734866&m=7667397&u=INVIS&j=23139099&s=http://www.reco.on.ca/" target="_blank">Real Estate Council of Ontario</a> (RECO) about the most common mistakes people make when buying or selling a home, people fall in love all too easily.<br />
Luckily, we can avoid the broken hearts (and the broken bank) with a few simple steps to smarter home-hunting.<br />
<strong>8 steps to smarter home-hunting</strong><br />
<ol>
<li><strong>Don’t be blinded by the love</strong></li>
</ol>
That means: don’t overpay, don’t rush through the process, and don’t ignore glaring concerns just to win ownership. If it’s not meant to be, it’s not meant to be.<br />
<ol>
<li><strong>Keep searching for your “sales” mate</strong></li>
</ol>
According to RECO, there are more than 60,000 real estate brokers and salespersons in Ontario - meaning you can expect to meet a bunch before you find “the one”. Make sure you discuss the services you expect of them and get it in writing.<br />
<ol>
<li><strong>Know there’s never such a thing as “no strings attached”</strong></li>
</ol>
Do you know what the terms in your contract with your brokerage mean and your obligations to one another? (And please don't tell us you didn't even bother to read the agreement in full?!). Read your agreement thoroughly and fill in every blank before signing. Remember that verbal agreements mean little. Get everything you discussed and agreed upon in writing to avoid problems later on. Always get a copy of the contract for your own files, too.<br />
<ol>
<li><strong>Check that prenup - who gets what after you ink a deal?</strong></li>
</ol>
The furnace, fridge, and other items at the showing might have been major selling features for you, but never assume they’re part of the package. The sub-zero might go with the seller; the furnace could be on lease. These details - called “chattels” - ought to be outlined in writing and clarified amongst all parties before any offer is laid on the table. Who knows - you may be able to get your seller to pay off the balance on that furnace lease as part of your offer.<br />
<ol>
<li><strong>Know it’s what’s on the inside that counts</strong></li>
</ol>
It’s easy to overlook the more mundane things in a nicely staged home, but ask questions about the insulation, wiring, plumbing, upgrades and past permits. Better still, sign the agreement conditional on a satisfactory home inspection. A qualified home inspector is an aptly-trained necessary third party - and someone who is looking at this transaction totally objectively.<br />
<ol>
<li><strong>Get to know what’s on the outside, too</strong></li>
</ol>
Get to know the neighbourhood. When you get into a home, you’re also getting in with a whole family of homes - as well as the parks, the kids, and the community.<br />
<ol>
<li><strong>Know your home’s past relationships</strong></li>
</ol>
A simple Internet search for the address can go a long way; or even ask the neighbours for their take on your potential purchase. You never know what kind of mischief the house may have been involved in.<br />
<ol>
<li><strong>Know what it really costs to seal the deal</strong></li>
</ol>
Land transfer taxes, title insurance, a home inspection - these are all costs not included in the listing price, but can easily add up to thousands of dollars. Budget and shop accordingly.<br />
<a href="http://www.mmsend54.com/link.cfm?r=1012117512&sid=57734867&m=7667397&u=INVIS&j=23139099&s=http://www.goldengirlfinance.com/inspiration/?post_id=2922">http://www.goldengirlfinance.com/inspiration/?post_id=2922</a></div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-3763720264051156672014-10-16T08:36:00.002-07:002014-10-16T08:36:21.079-07:00CMHC helping Canadians find affordable homes<div dir="ltr" style="text-align: left;" trbidi="on">
<h1 class="index">
Programs and Financial Assistance</h1>
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Did you know that CMHC invests $2 billion a year to help Canadians find quality, affordable homes?</h2>
CMHC’s funding can help create new affordable housing; upgrade existing housing that may be in need of renovations or accessibility modifications; address the housing needs of victims of family violence; and provide rent subsidies for individuals and families in need.<br />
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Housing needs for 20 per cent of Canadian individuals and families cannot be met by the marketplace.<br />
To help, CMHC works with its government, industry, and non-profit partners to improve access to affordable housing for these Canadians.<br />
CMHC’s $2 billion annual investment in housing is improving the quality of life for low-income Canadians, including, seniors, persons with disabilities, people at risk of homelessness and Aboriginal people.<br />
The investment includes approximately $1.7 billion to help Canadians living in existing social housing off and on reserve.<br />
It also includes approximately $240 million toward new and existing affordable housing through the Investment in Affordable Housing (IAH). The IAH gives your provincial or territorial government the flexibility to provide affordable housing programs that meet your community’s housing needs.<br />
Under the IAH, provinces and territories match CMHC’s investment and report to their citizens on how they are using the funding to improve access to affordable housing.<br />
You can find the reporting done by your province or territory <a class="CP___PAGEID_272996" href="https://www.cmhc-schl.gc.ca/en/inpr/afhoce/fuafho/iah/iah_003.cfm">here</a>.<br />
Find out more about the affordable housing programs offered by your province or territory:</div>
</div>
</div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-80842211035165274142014-06-11T14:11:00.000-07:002014-06-11T14:11:27.482-07:00Listing your homes asking price.<div dir="ltr" style="text-align: left;" trbidi="on">
<strong>Listing Your Home</strong>Chances are, if you've lived in your home for more than a few years, you can likely turn a tidy profit. That's great news. But sealing the deal requires more than just a handshake. You'll have to consider if now's a good time to sell? What's the best way to get the word out? How do you get top dollar for your property? These are just some of the questions that The Kitzman Team can help answer. visit the link below for more information on listing your home and determining its asking price.<br />
<br />
<a href="http://www.kitzmanteam.com/viewcustompage.php?id=15721">Listing your home</a><br />
<br />
Sincerely,<br />
<br />
Kevin and Faye Kitzman<br />
Sales Representative<br />
Re/max Real Estate Centre</div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-12454019425267178982014-05-30T13:13:00.000-07:002014-05-30T13:13:01.671-07:00Common mistakes most sellers make. <div dir="ltr" style="text-align: left;" trbidi="on">
<strong><u>8 Common Mistakes Most Home Sellers Make</u></strong>1. Failure to effectively market the property. Good marketing distinguishes your home from hundreds of others on the market, selling its benefits not just its features. Open houses and print advertising (the most obvious) are only moderately effective. Only 1% of homes are sold at open houses, and just 3% of people purchased their homes after seeing a print ad! Your Realtor© should be using other methods as well to attract prospects. Ask your sales professional to provide a list of things they will do to market your home.<br /><br />2. Basing your asking price on needs or emotion not market value. Many sellers base their pricing on what is termed as Subjective Value. To an appraiser, subjective value is based on emotions. For example, how much a seller paid for their home, how much they love their home, and overall pride of ownership is considered subjective value. Objective Value, is what ALL appraisers base the true value of a property.<br /><br />Setting the asking price of a property should always be based on Market Value. Appraisers call this objective value. Objective value looks at the condition of the property; it’s location, what properties with similar features in the same area are selling for, what other properties in the same area are listed for, and the overall condition of the economy and real estate market.<br /><br />If your home is not priced competitively, homebuyers will prefer larger or better homes in the same price range, increasing your time-to-sell. When your price is later lowered, buyers may be wary because they suspect other reasons the house has remained unsold so long.<br /><br />3. Failing to "present" the home. A property that is not clean or well maintained often suggests hidden defects that increase the total cost of ownership. Sellers should make necessary repairs, and spruce up the house inside and out, keep it clean and neat, or risk chasing away buyers brought in by realtors. Buyers will leave themselves a large margin for error for the cost of repairs, reducing their offer price.<br /><br />4. Over-improving your home before you sell it. Most buyers will base their decision on purchasing a home based on how they feel about the kitchen and bathrooms. If these areas of the home meet both their emotional and physical needs it makes it easier to sell a home. It is a good idea to get a real estate professional to do a market assessment of what your home is worth BEFORE improvements. The next step would be to get a written estimate for improvement costs; then have your real estate professional give you an update on the market value to determine how much more money your home will sell for AFTER improvements are made. This will let you know whether it makes sense to upgrade your home first, then put it on the market, or to just put it on the market for sale the way it is.<br /><br />Sellers may spend thousands of dollars doing the wrong upgrades to their home prior selling, expecting to recoup this cost. If you are thinking of selling, ask your realtor which upgrades are cost effective. Typically the most important and saleable areas of any home are the kitchen and bathrooms.<br /><br />5. Choosing the wrong Realtor© or choosing for the wrong reasons. Many homeowners list with the real estate sales representative who tells them the highest price, or a popular Real Estate company in the area. Remember it is NOT the sign that sells a home it is the real estate sales representative. Sellers should always choose the sales person who provides the most experience and the one the seller thinks has the best negotiating skills. More experience could mean a higher price at the negotiating table, selling in less time, and with less hassles along the way.<br /><br />6. Failing to take the first offer seriously. Many sellers believe that the first offer received will be one of many to come, hoping to hold out for a higher price, especially if the offer comes in soon after the home is listed. Often the first offer ends up being the best buyer, and many sellers have had to accept far less money than the initial offer much later on in the selling process. The first 2 weeks of the listing term is critical. It is this time that the home will usually get MOST of its action. Do NOT let how quickly the offer came in determine your decision to accept it or not.<br /><br />7. Using the "Hard Sell" during showings. Buying a home is an emotional decision, and buyers are looking to see if a house is comfortable for them. Good Realtors© let the buyers discover the home's features on their own, pointing out only features they are sure are important to them. Overselling your home during showings make buyers think they are paying for features that are not important to them and can lose the sale.<br /><br />8. Not knowing your rights and obligations. The contract you sign to sell your property is a complex and a legally binding document. An improperly written contract can allow the purchaser to void the sale, or cost you thousands of unnecessary dollars. Have your Realtor© fully explain the contract or have your lawyer review it before acceptance .<br />
<br />
<a href="http://www.kitzmanteam.com/viewcustompage.php?id=15634">8 common mistakes most home sellers make</a></div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-48423408069419651832014-05-22T13:30:00.002-07:002014-05-22T13:30:57.676-07:00Homebuyers Road Map<div dir="ltr" style="text-align: left;" trbidi="on">
Realtors are experienced in everything you need to know and do when buying a home. <br />
- Assess your Financial readiness<br />
- Consider your mortgage options<br />
- Mortgage Default insurance<br />
- Research government programs<br />
- Find a home<br />
- Make a offer<br />
- Closing and related costs <br />
<br />
Whatever your question is a experienced realtor can help!<br />
<br />Call us today!<br />
Kevin and Faye Kitzman<br />
Sales Representative<br />
Re/Max Real Estate Centre<br />
519-240-9193<br />
<br />
<a href="http://www.youronlineagents.com/kevinandfaye/custom_WebPage_Files/file/Home%20Buyers%20Road%20Map.pdf">HOMEBUYERS ROAD MAP</a></div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-1645919243505464492014-05-01T14:03:00.003-07:002014-05-01T14:03:36.519-07:00Atten Homebuyers- Federal government has assistance programs to help homebuyers<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><i><span style="color: #ef3124; font-family: MyriadPro-SemiboldIt; font-size: medium;"><span style="color: #ef3124; font-family: MyriadPro-SemiboldIt; font-size: medium;"><span style="color: #ef3124; font-family: MyriadPro-SemiboldIt; font-size: medium;"><div align="LEFT">
The federal government</div>
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has assistance programs</div>
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to help homebuyers.</div>
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Research government</div>
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program requirements to</div>
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see if you are eligible.</span><div align="LEFT">
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First-Time Home B uyers’ Tax Credit – a</div>
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$5,000 non-refundable income tax credit</div>
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on a qualifying home. The credit provides</div>
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up to $750 in tax relief to assist first-time</div>
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buyers with purchase costs. For more</div>
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information, check the Canada R evenue</div>
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Agency’s (CRA) website:</div>
</span><br /></span><br /></span><b><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"></span></span></span></b><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"></span></span></span><div align="LEFT">
<span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><b>www.cra-arc.gc.ca</b></span></span></span><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;">.</span></span></span></div>
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• Home B uyers’ Plan – a one-time</div>
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withdrawal up to $25,000 from a</div>
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Registered R etirement S avings Plan (RRS P)</div>
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by first-time buyers to help purchase or</div>
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build a home. Generally, you have to repay</div>
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all withdrawals from your RRS P within 15</div>
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years. For more details, visit CRA’s website</div>
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<span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;">at: </span></span></span><b><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;">www.cra-arc.gc.ca</span></span></span></b><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;">.</span></span></span></div>
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• CMHC Green Home program – when you</div>
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use CMHC-insured financing to buy or</div>
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build an energy-efficient home or make</div>
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energy-saving renovations, you may</div>
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qualify for a premium refund of 10% on</div>
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your mortgage default insurance and a</div>
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premium refund for a longer amortization</div>
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period (if applicable). Check out CMHC’s</div>
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website for more information:</div>
</span><br /></span><br /></span><b><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"></span></span></span></b><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"></span></span></span><div align="LEFT">
<span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><b>www.cmhc.ca</b></span></span></span><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;">.</span></span></span></div>
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Government programs can change over</div>
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time. For the most up-to-date information,</div>
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refer to S ervice Canada’s website:</div>
</span><br /></span><br /></span><b><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"></span></span></span></b><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"></span></span></span><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><span style="color: #0097d7; font-family: MyriadPro-Bold; font-size: small;"><b>www.servicecanada.gc.ca</b></span></span></span><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;"><span style="color: #4d4d4f; font-family: MyriadPro-Regular; font-size: small;">.</span></span></span></div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-24552004611047676042014-04-22T11:28:00.001-07:002014-04-22T11:28:40.111-07:00PLAN YOUR FINANCES- Before you start looking for your dream home.<div dir="ltr" style="text-align: left;" trbidi="on">
<strong>Planning your finances</strong>Home buying can be a daunting and complex process. But with The Kitzman Team by your side, it doesn't have to be. Remember, we work for you and are here to look after your best interests. So take a few minutes and learn how we can help you find what you're looking for.<br /><br />
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<br />Figure out how much you can afford. Before you start looking for your dream home, let's find out how big you can dream. Knowing your true budget is the first and most important step in buying a home.<br />
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A home is a big purchase. It's probably the most expensive thing you'll ever buy. The total cost of buying a home consists of two aspects: the one time costs associated with the initial purchase, and the monthly costs of maintaining and owning the home. Some of them include:<br /><br /><br /><br />
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<tr><td><strong>Cost of buying a home</strong></td><td><strong>=</strong></td><td><strong>One time costs</strong></td><td><strong>+</strong></td><td><strong>Monthly costs</strong></td></tr>
<tr><td> </td><td> </td><td>Down payment</td><td> </td><td>Mortgage</td></tr>
<tr><td> </td><td> </td><td>Legal fees</td><td> </td><td>Utilities</td></tr>
<tr><td> </td><td> </td><td>Title insurance</td><td> </td><td>Maintenance</td></tr>
<tr><td> </td><td> </td><td>Inspection fees</td><td> </td><td>Insurance</td></tr>
<tr><td> </td><td> </td><td>Property transfer</td><td> </td><td>Property taxes</td></tr>
<tr><td> </td><td> </td><td>Taxes</td><td> </td><td> </td></tr>
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<br />Everybody's total costs are different, but it's almost guaranteed you won't have that much money saved up. Hopefully you have enough for a nice down payment, but for the rest...<br /><br /><strong>Yes, you need a mortgage. So determine how much a bank will lend you</strong><br />Head over to the next step where you'll find helpful tips on arranging your mortgage. But the first step in determining how much a bank will lend you is to understand how much you can afford each month. This is determined using two lending principals.<br /><strong>1. Gross Debt Service Ratio (GDSR) calculation:</strong><br />This lending principle simply states that your monthly housing cost should not exceed 32% of your gross monthly family income.<br /><br /><strong>2. Total Debt Service Ratio (TDSR) calculation:</strong><br />This lending principle summarizes that your monthly housing cost and payments on all of your other debts (including loans, credit card and lease payments) should not exceed 40% of your gross monthly income.<br />We can help you estimate your maximum affordable mortgage payment of principal and interest.<br /><br /><u> <strong>Arrange a mortgage</strong></u><br /><br />Money makes the world go round, and a mortgage gives you the power to buy a home. This isn't the most fun step in buying a home, but it's vital.<br /><br /><strong>Who do you talk to?</strong><br /><br /><br /><strong>Call a mortgage broker</strong><br />Lucky for you, you don't need to go far. With Faye's access to a vast network of over 50 lending institutions - including major banks, credit unions, trusts and other national and regional lenders, she has the tools to build a customized mortgage plan, with the features and options that meet your needs.<br /><br /><strong>Mortgage terminology</strong><br /><strong>Mortgage term:</strong><br />Refers to how long the bank has agreed to lend you the money – typically from six months to five years. At the end of the term, you usually renegotiate a new term.<br /><br /><strong>Amortization:</strong><br />The length of time it will take to pay off the whole mortgage, often as long as 25 years. The longer your amortization, the lower your monthly payments, but the more you pay in interest over time.<br /><br /><strong>Interest rates:</strong><br />Interest is the cost of borrowing money, and the interest rate tells you exactly how much. Using a mortgage calculator, check the difference between borrowing $100 000 at 6% and at 9% at the same amortization. Surprising, no? That interest rate not only affects how much you pay, it also affects how much you can borrow. So keep searching for the best rate!<br /><br /><strong>How big a down payment?</strong><br />You want as small a mortgage as possible, which means making the biggest down payment possible. Just remember to set money aside for all the fees associated with buying a home. Not to mention moving, repairs, renovations, new furniture... think ahead.<br /><br /><strong>The Home Buyers' Plan – A little sweet relief</strong><br />If you're a first-time homebuyer with money in an RRSP, you can withdraw up to $25,000 without paying any income tax. If your spouse is also eligible, that's $50,000. Ask us how to best take advantage of this plan.<br /><br /><strong>Lock into an interest rate? For how long?</strong><br />It's a tough question. What if you 'lock in' for five years and the rate goes into a period of decline? That could mean you're stuck paying more than you had to for a long time. But if rates were to steadily climb over the next five years, locking in for five years now would be a great move.<br /><br /><strong>What you need to apply for a mortgage</strong><br /><br />
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<li>Letter of employment confirmation (include your position, your pay and how many years you've been with the company)</li>
<li>List your assets (your car, stocks, bonds, GICs, etc)</li>
<li>List your liabilities (car payments, student loans, credit card debt, etc)</li>
<li>Social Insurance Number</li>
<li>Your chequing account number</li>
<li>Your lawyer's contact information</li>
<li>Information about the house you want to buy</li>
</ul>
<strong>Don't forget these extra costs</strong><br /><br />
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<li><strong>Application fee:</strong><br /> Some mortgage lenders charge a fee to process your application. But ask to see if you can get it waived.</li>
<li><strong>Appraisal fee:</strong><br /> Your mortgage lender may need to have your new home appraised by a professional, and they often pass the bill on to you. Sometimes your lender will also waive this fee.</li>
<li><strong>Mortgage broker's fee:</strong><br /> Your mortgage broker may charge a fee that's payable on your closing date. Ask your broker to avoid surprises.</li>
<li><strong>Land survey fee:</strong><br /> Lenders may require a survey of your property, even if it's an existing survey. Get your lawyer on the case.</li>
<li><strong>Home inspection fee:</strong><br /> A home inspection is so important, we devoted an entire step to it. Avoid surprises and protect yourself... this is money well spent.</li>
<li><strong>Home Insurance:</strong><br /> Mortgage lenders require you to carry fire and extended-coverage insurance because your home is the security deposit on the mortgage. Often you can have these payments added to your monthly mortgage payments. Shop around.</li>
<li><strong>Title insurance:</strong><br /> It's not mandatory, but protects you from all sorts of fraud and potential errors surrounding the title to your land. Ask your lawyer for details.</li>
<li><strong>Legal fees:</strong><br /> You'll pay your lawyer for their invaluable time and "disbursements" which are the costs involved in title searches, drawing up the title deed, and preparing your mortgage.</li>
<li><strong>Adjustments:</strong><br /> The previous owner may have paid property tax or utilities in advance, and they want to be credited for those payments. Ask your lawyer what might come up on the closing date.</li>
<li><strong>Maintenance and utility costs:</strong><br /> Remember, you'll now have more regular monthly payments in the form of property tax and utilities.</li>
<li><strong>Property Transfer Tax:</strong><br /> The amount of this tax varies from province to province.</li>
<li><strong>The GST/HST and new homes:</strong><br /> Resale homes don't involve GST/HST, but new homes do. If you intend to live in your new home (instead of renting it out) there is some relief. Consult us and your lawyer for more information.</li>
<li><strong>REALTOR® Commissions or fees?</strong><br /> REALTOR® commissions or fees are subject to GST/HST.</li>
</ul>
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Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-15761503452420701382014-03-25T14:04:00.002-07:002014-03-25T14:04:55.623-07:00Common mistakes home sellers make<div dir="ltr" style="text-align: left;" trbidi="on">
<strong><u>8 Common Mistakes Most Home Sellers Make</u></strong>1. Failure to effectively market the property. Good marketing distinguishes your home from hundreds of others on the market, selling its benefits not just its features. Open houses and print advertising (the most obvious) are only moderately effective. Only 1% of homes are sold at open houses, and just 3% of people purchased their homes after seeing a print ad! Your Realtor© should be using other methods as well to attract prospects. Ask your sales professional to provide a list of things they will do to market your home.<br /><br />2. Basing your asking price on needs or emotion not market value. Many sellers base their pricing on what is termed as Subjective Value. To an appraiser, subjective value is based on emotions. For example, how much a seller paid for their home, how much they love their home, and overall pride of ownership is considered subjective value. Objective Value, is what ALL appraisers base the true value of a property.<br /><br />Setting the asking price of a property should always be based on Market Value. Appraisers call this objective value. Objective value looks at the condition of the property; it’s location, what properties with similar features in the same area are selling for, what other properties in the same area are listed for, and the overall condition of the economy and real estate market.<br /><br />If your home is not priced competitively, homebuyers will prefer larger or better homes in the same price range, increasing your time-to-sell. When your price is later lowered, buyers may be wary because they suspect other reasons the house has remained unsold so long.<br /><br />3. Failing to "present" the home. A property that is not clean or well maintained often suggests hidden defects that increase the total cost of ownership. Sellers should make necessary repairs, and spruce up the house inside and out, keep it clean and neat, or risk chasing away buyers brought in by realtors. Buyers will leave themselves a large margin for error for the cost of repairs, reducing their offer price.<br /><br />4. Over-improving your home before you sell it. Most buyers will base their decision on purchasing a home based on how they feel about the kitchen and bathrooms. If these areas of the home meet both their emotional and physical needs it makes it easier to sell a home. It is a good idea to get a real estate professional to do a market assessment of what your home is worth BEFORE improvements. The next step would be to get a written estimate for improvement costs; then have your real estate professional give you an update on the market value to determine how much more money your home will sell for AFTER improvements are made. This will let you know whether it makes sense to upgrade your home first, then put it on the market, or to just put it on the market for sale the way it is.<br /><br />Sellers may spend thousands of dollars doing the wrong upgrades to their home prior selling, expecting to recoup this cost. If you are thinking of selling, ask your realtor which upgrades are cost effective. Typically the most important and saleable areas of any home are the kitchen and bathrooms.<br /><br />5. Choosing the wrong Realtor© or choosing for the wrong reasons. Many homeowners list with the real estate sales representative who tells them the highest price, or a popular Real Estate company in the area. Remember it is NOT the sign that sells a home it is the real estate sales representative. Sellers should always choose the sales person who provides the most experience and the one the seller thinks has the best negotiating skills. More experience could mean a higher price at the negotiating table, selling in less time, and with less hassles along the way.<br /><br />6. Failing to take the first offer seriously. Many sellers believe that the first offer received will be one of many to come, hoping to hold out for a higher price, especially if the offer comes in soon after the home is listed. Often the first offer ends up being the best buyer, and many sellers have had to accept far less money than the initial offer much later on in the selling process. The first 2 weeks of the listing term is critical. It is this time that the home will usually get MOST of its action. Do NOT let how quickly the offer came in determine your decision to accept it or not.<br /><br />7. Using the "Hard Sell" during showings. Buying a home is an emotional decision, and buyers are looking to see if a house is comfortable for them. Good Realtors© let the buyers discover the home's features on their own, pointing out only features they are sure are important to them. Overselling your home during showings make buyers think they are paying for features that are not important to them and can lose the sale.<br /><br />8. Not knowing your rights and obligations. The contract you sign to sell your property is a complex and a legally binding document. An improperly written contract can allow the purchaser to void the sale, or cost you thousands of unnecessary dollars. Have your Realtor© fully explain the contract or have your lawyer review it before acceptance .</div>
Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-74497464609801603862014-03-05T13:42:00.001-08:002014-03-05T13:42:56.022-08:00Preparing To Sell <a href="http://www.youronlineagents.com/kevinandfaye/viewcustompage.php?id=15722#.UxeaILhHtyA.blogger">Preparing To Sell | Cambridge Real Estate/Kitchener/Waterloo Real Estate Board</a><br /><br />
Chances are, if you've lived in your home for more than a few years, you can likely turn a tidy profit. That's great news. But sealing the deal requires more than just a handshake. You'll have to consider if now's a good time to sell? What's the best way to get the word out? How do you get top dollar for your property? These are just some of the questions that The Kitzman Team can help answer.Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0tag:blogger.com,1999:blog-1601420057493362898.post-24160846049549463302014-02-25T13:58:00.001-08:002014-02-25T13:58:14.156-08:005 Home Renovations That Add Value Infographic<a href="http://infographixdirectory.com/real-estate/improving-homes-value-popular-renovations/#sthash.lYsSbkuN.ucUVfkIT.cmfs">5 Home Renovations That Add Value Infographic</a>Anonymoushttp://www.blogger.com/profile/09436448264448028360noreply@blogger.com0