mortgage: Summer 2010 - a suggestion to become free!
- 07/06/10 10:29 AM
Greetings Seems to be 2 types of people this year...folks with non stop vacations and those of us who will work work work through the summer. Hard to say what is motivating so many to leave home every second possible...but I can make some guesses about why folks are staying at home. Its not really hard to find folks struggling under weight of debt or struggling to meet a financial goal nowadays. They are working to pay the man...and thats it. When will they start working to pay themselves? I have a suggestion! Don't let summer 2010 pass you by. Let … (0 comments)
mortgage: Saving money
- 05/06/10 07:05 AM
When people come to me for mortgage advice, its sometimes because bills have become harder and harder to manage. Recent new articles show people are more likely to use coupons and discount stores during tight financial times, but is this really the best route to go? Here are a couple steps you can do to keep the wolves from the door: 1) review all credit card and bank purchases and see what you are spending your money on. If you can, add up the purchases and divide them into categories to see what you spend your money on. You may be … (0 comments)
mortgage: Considering a Purchasing? Know the 5 C's of Borrowing Money
- 08/05/09 08:32 AM
Purchasing a home is a major decision for most people; it represents the single largest purchase they will ever make. So when it comes to qualifying for home financing, what should you know? What is important to the bank? Here are five questions to ask yourself: Capital - How much do you have to put down for the purchase of your new home? The larger the down payment, the less risk you present to the lender. A minimum 5% down payment is normally required to purchase a home in Canada. However, if you have good credit, there are some lenders … (0 comments)
mortgage: Working with Bankruptcy
- 02/20/09 10:28 AM
I know, I have said the B word. Most realtors run when they hear those words and for good reason. It means that in the past, someone was not responsible with money. If you run, you will miss out on a fantastic opportunity. Here is what I mean. The client's which will praise you the loudest are the ones who see you going above and beyond. So some good PR at the risk of wasting a few hours of your time. Step 1) re-establish credit. Any person who goes bankrupt will have a terrible credit score and will have no credit cards or really … (3 comments)
mortgage: Breaking into the buyer's market - tips for first time homebuyers
- 02/17/09 10:37 AM
Tips for first-time homebuyers Interest rates touching historic lows and more attractive house prices in parts of the country have added up to better affordability for first-time homebuyers. The federal government's recent budget has added more reasons for Canadians who aren't yet homeowners to consider entering the real estate market this year. Under the new federal budget, first-time homebuyers can qualify for a $750 tax credit, to help with closing costs, such as appraisal or legal fees. Also, homebuyers can now withdraw up to $25,000 from their RRSP under the Home Buyers Plan for a down payment - up from … (1 comments)
mortgage: Buying strategies in a declining value economy
- 01/29/09 09:03 AM
Every financial planner will tell you to BUY ALL the time and your stock price will even its self out over time, but what about real estate? How do you buy real estate if you think values may be lower tomorrow? The answer is found in the 3 reasons people buy real estate. People buy real estate as 1) a "hedge against inflation", 2) as an opportunity to capitalize on value appreciation and 3) personal use. Notice that only one reason to buy is tied to value. So here is how we bring attention to another reason to buy. Personal Use: … (0 comments)
mortgage: Making the most of Low Rates.
- 01/18/09 05:42 AM
In today's market in Kamloops, a monthly rent payment would often pay for much better accomodation if the renter chose to actually own. The low rates mean lower mortgage payments, increased buying power and reduced implications for debt servicing - the death of many a deal. With prices of housing falling and house inventory increasing, it is time to contact your clients who currently rent and advise them to look at their buying options. With the CMHC flexdown program, down payment does not have to be the deal breaker for the client. Now, not every client is ready to buy, for a number of reasons, but there is … (10 comments)
Greetings
;)
;)
