We need to do some serious planning and in doing so, I need to ask you some personal questions so that I can better help you.
Why did you buy your present home? How many rooms in your house regularly do you use? If your home was suddenly GONE! would you rebuild? What are your TOP 5 retirement lifestyle goals? Is a large family home one of … (1 comments)
mortgage: Fix all the stuff - at Mom's House
- 05/31/14 09:42 PM
There are resources available, from my team of professions, to make repairs to your parents house; repair and repaint. Drywall if needed. Make cosmetic updates to help sell the property for the highest dollar. This is preferred to selling a property that might be tagged Handy Man Special or Needs some TLC. If needed We can lend you the money to fix Mom's house BEFORE we list.
We can contract these services directly to completely freshen the paint colours, declutter and empty out the property, dispose and donate unneeded furnishings.
Carpeting can be removed or replaced and updated, changed out … (0 comments)
mortgage: You CAN do everything yourself
- 05/15/14 12:13 AM
Doing Everything yourself Could save you money, usually it is time consuming and nets a poorer result. http://SellinginToronto.ca Family Law Court in Ontario is CLOGGED with unrepresented litigants because of the expense of using lawyers. with that comes a lack of proper process, forms, disclosure, obligations and the ever present; I didn't KNOW I was supposed to do that! Can you imagine how our legal systems would be clogged with Self negotiated real estate transactions, private buyers and private sellers neglecting time lines and waiver needs. Did you cancel that contractor? Did you pay cash for that roof repair? Who rewired … (2 comments)
mortgage: What is the National Delinquency Rate on your mortgages?
- 09/24/13 08:39 AM
The already low rate of arrears on mortgages insured by the Canada Mortgage and Housing Corp (CMHC) declined further in the second quarter, an indicator which might temper concerns about a possible hard landing for the housing sector. The government agency said in its quarterly financial report that the arrears rate had declined to 0.32 percent as of the end of June, down from 0.35 percent both at the end of 2012 and at the end of March. Canada did not suffer the housing crisis that triggered the 2007-2009 recession in the United States, and its government has taken steps to … (1 comments)
Product : New Immigrant policy changes • All applicants are required to simply confirm 12 months of principal, interest, and (property) tax (PIT) payments in savings in Canada in addition to their down payment • Maximum aggregate loan amount has increased for select areas in GVA to $1,250,000 and remains at $1,000,000 for properties located in the rest of Canada. Maximum of 2 properties applies. • Where limited or no credit bureau exists, credit worthiness can be established by one of the following: o Satisfactory letter of reference from … (0 comments)
mortgage: Is your mortgage up for renewal?
- 12/20/12 11:08 AM
We need Informed Mortgage Decisions; We believed the Bank would give us a deal at renewal for never missing a payment.
When you bought your home, you thought you were staying a while. Either you continue with your mortgage to term and renew or you may need more options.
Breaking your mortgage prior to the renewal or renegotiating may involve penalties. You may have an opportunity to benefit from the new lower rates by renewing now; even with a penalty.
We can Deal with a Renewal or Refinance
If your mortgage is with a Canadian Bank that … (2 comments)
mortgage: What can you BUY without credit?
- 11/14/12 07:56 AM
Let's have a real conversation about financial responsibility, money and paying your bills. We need Credit. We all need and use credit and debit cards. Flaherty has tightened Lending Policies for mortgages and keeps talking about household disposable income that changes with interest rate increases and other household expenses like Heat and Hydro. [Toronto, Canada in winter without heat and hydro is not an option]What can you buy without Credit? Now There are two variables; Increase Income Reduce Expenses You can work an extra shift, get a part time job, or get a better paying job to supplement your income. You can … (1 comments)
We can provide solutions to your money problems. Some of the issues we have dealt with are:
I make $5,000 a month and I am having trouble paying all my bills I love my home and I don't want to move. 'I'm tired of being constantly over budget and I need money to fix my house. There are many reasons why we need mortgage or credit assistance; so don't hesitate, give us a call 416-410-1150 or send me an email.
Veronica … (0 comments)
mortgage: Plan your Divorce Strategy
- 09/21/12 04:07 AM
50% of unions are ending in divorce. We are blending families. You've only been married a few short years and its not working out. Your home is filled with stress and bitterness... At one point, you loved each other enough to try marriage. Planned, Selected venues. Pledged until death do you part. Now you are praying for the end of time. Eight causes for divorce, money, alcohol, sex, married too young, religious differences, jealousy, trial and error, and meddling in-laws. You need a lawyer to ensure [ILA] Independant Legal Advice for each and a realtor who can extract you quietly from … (4 comments)
mortgage: Landlords investing in Condos
- 09/09/12 02:45 AM
If you are concerned about the quality of your investment in Toronto real estate, Why not invest your money in Canada, in Toronto, We have an excellent opportunity and a buoyant market, with a growing metropolitan area being Toronto, Ontario, Canada. If you would like the comfort and return on investment from knowing your money is safe and secure. Call me at 647 218 2414, And we will find and income and investment opportunity for you. When you purchase a home they not only get bricks and mortar, you buy into a community and lifestyle. You create a nest egg for your future. Lets … (1 comments)
mortgage: Use your HELOC to pay off Higher Interest Rate Debt
- 06/27/12 03:33 AM
I’m Nathalie Ng. I am the Money Chick- A mortgage agent who is licensed to give you unbiased advice on your mortgage. Nathalie, I hear so much about HELOC’s what are they? Home Equity Line of Credit is a smart and flexible financing solution for home owners who own an existing property. It is an integrated financing solution where the home owners borrow in a convenient way & unlock the equity they have built up in their home. They can use that capital however they wish.What are the reasons in general people would get a HELOC?There are many reasons for getting a HELOC. Whether it’s paying down high interest rate debts, undertaking home … (0 comments)
mortgage: Interest Rates increase in 2012 Really?
- 03/20/12 03:50 AM
We are expecting a significant mortgage rate increase in the next week. It is extremely important that you act on this now! Spreads on our bond yields which we use to set interest rates for all lenders are under water now.Today the largest courier company Ups purchased a large courier company in Denmark, to make it the largest company in North America When we see the logistics companies and courier companies grow as in in this example that is a tell tale sign that the economy is improving. http://www.businessweek.com/news/2012-03-18/ups-said-to-reach-deal-to-buy-tnt-express This is contrary to what the economist for CMHC indicated in late … (2 comments)
mortgage: When the interest rates are so good there is always a catch
- 03/06/12 11:27 AM
Improved Penalty Disclosures On The Way Two years ago to the day, the Finance Department promised to “bring greater clarity to the calculation of mortgage pre-payment penalties.” Later this year, that promise will become realized. The government has just announced a brand new mortgage “code” that requires federal financial institutions to: “…provide more information on how prepayment charges are calculated.” “…explain the differences between mortgage products, including ways to pay off a mortgage faster without incurring penalties.” These improved disclosures have been eagerly anticipated by consumer groups, who charge banks with: Obscuring penalty descriptions with legalese and vagueness Failing to provide understandable formulas for calculating … (4 comments)
mortgage: CMHC revisions 2011
- 07/24/11 01:58 PM
I'd like to talk to you today about Canada Mortgage and Housing and the new guidelines that they are using for buying a home. These are all available for you in the Book that I have from Canada Mortgage and Housing which is called Home Buying Step by Step. It's the steps in how the bank is taking you through the mortgage process and what their qualifying criteria is. Very simply put, when you make a contract for the interest rate, that is for the specific period of time, being two years or five years, and then you have the duration … (0 comments)
News, views, rants and commentary about Toronto west Real Estate issues and Local Community events from David Pylyp.
Experience is not expensive... It is Priceless!
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