🌈 Calgary Pride Starts today! 🌈 "Whether you're an ally or a member of the LGBTQ community, it's important to offer support to the people around you, especially when you have the ability to make a difference!" https://lifegoalsmag.com/how-to-show-your-support-during-pride-month/ #CalgaryPride #PrideYYC #LGBTQ #LoveIsLove 📸 by Buivanca
WOW!!! What a review!!! Our Ken is a pretty special man 💚💚💚 Please take a moment to leave a Google Review regarding what it has been like working with us. As a humble thank you for your review, we are happy to give you a free Cutco kitchen knife to add to your culinary collection.
A revenue property mortgage can get you started down the path of true wealth.
A revenue property mortgage is required, if the property you wish to purchase is classified, in part, or in whole, as an investment property.
Because of this classification, the qualifying rules can vary from a primary residential mortgage.
As different lenders have different requirements, it is best practice to review your financial situation, discuss your goals, and review the property details to find the best mortgage product available.
We are feeling proud! Did you know we made the list of "Three Best Rated" for Calgary Mortgage Brokers 2019?! Thank you all for your continued support, referrals, and friendship! We couldn't do what we love - without you!
Chances are you've heard someone talk about withdrawing money from their RRSP to buy a home. This is a pretty common practice and unless you have an employer-controlled RRSP, the money is usually yours to withdraw.
Where some of the confusion comes in however, is on the issue of taxes. Because money contributed to an RRSP is not taxed as part of your regular income, if you just pull it out to use for something else, the government is going to want that tax money that you avoided paying.... https://canadianmortgagepro.com/using-your-rrsps-to-buy-a-home/
Paul Taylor, President and CEO of Mortgage Professionals Canada, joins @bnnbloomberg to discuss Brookfield's announced $2.4-billion deal with Genworth Canada. He also gives his current outlook on Canada's housing market = https://bit.ly/2OTbJmQ
Did you know that RRSPs, up to $25,000, are eligible to be used for a down payment as well as a gift from an immediate family member?
There are many down payment options available for your Mortgage. Give us a call, and let us help you get your individualized Mortgage going!
Today’s mortgage term is deposit! Did you know that a deposit is different from a down payment? If you want a seller to know you’re serious about purchasing their property, you might put down a deposit during the offer process to show your commitment—it’s a gesture of good faith. Putting down a deposit demonstrates that you’re willing to take on some financial risk and have the means to make the purchase.
A down payment on the other hand is the portion of the total purchase price that is paid out of pocket and is not financed through a mortgage. The minimum amount you’ll need for a down payment depends on the purchase price of the home you’re looking to buy. Once the deal closes, the deposit you made will be applied towards the purchase price of the home and become a part of your down payment.
0 1610 August, 2019
This Sunday, (August 11th) the streets of Marda Loop celebrate the festival's 35th year in the community!
Come and enjoy live music, dance and cultural performances, a fun kids area, unique shopping and lots of great food! There is something for each member of the family and best of all it's FREE to attend!
You can catch me watching the Pet Pageant at MARDA MAIN STAGE 12:30 - 1:30 PM
Moving can be a stressful time when you have little helpers. But, with some prep work and the right mindset, your moving day can be filled with memories instead of stress. ⠀
Some tips when moving with kids: ⠀
• Organize a family meeting and discuss the moving plans with your kids, if they are old enough to understand. Involve them in some of the decision making, where possible.⠀
• Visit your new house or take a virtual tour online (if available), to help familiarize them.⠀
• Read books from the library about families that have moved to help prepare them for the move.⠀
• Research your new area, with your children, so you can all get excited about the new opportunities the move will bring.⠀
• Tell your children stories about previous moves you’ve had, especially the funny and good points about those moves.⠀
• Accept any and all offers of help! Try not to take on too much yourself and don’t be afraid to ask friends and family for help.⠀
• Reassure your children about the change. If you are moving far away, consider having a “see you soon” party and communicate to your children that they will be able to keep in touch with their family and friends.⠀
Decorate those moving boxes and get those little helpers involved! ⠀
Remember the First Time Home Buyer Incentive we shared about?! They are providing Live Training for Free if you are interested in learning about this new program. We will see you in the online classroom!
In my recent Ask The Expert segment on CTV Ottawa, we went over what you need to know when working with a broker - and some reg flags to be aware of!⠀
In case you missed it, here's my trimmed down list of what you need to know:⠀
- I'm service-based. Why does this matter? This means you don't pay a fee for my services. If a mortgage broker is asking you to pay an upfront fee for a standard residential mortgage - run for the hills! The only time you can expect to pay fees is when accessing private / alternative lending or some complicated commercial projects. ⠀
- I have access to over 65 lenders across the country, which means I can almost always beat your Bank's limited scope and product offerings. With access to such a wide variety of lenders, together, we can find the terms, rates, and structure that are the perfect fit for you.⠀
- You're never stuck! I make a point to go above and beyond for my clients while educating them during the process - but not all brokers can say the same. If you find yourself in a situation with a morgage broker that makes you lose trust, you have options. Even with a pre-approval in hand you still have the right to shop around, ask questions, and explore other financing options. A good broker doesn't handcuff you because we are confident in our ability to find the financing that's right for you. ⠀
- Compare those documents! Make sure the numbers from your Lending Commitment and your Discloser to Borrower match. All fees will be disclosed here. Don't just sign your life away - take the time to read it through and understand the numbers you're seeing. ⠀
Link in bio to watch the segments!⠀
Today is #PaperbackBook Day, and our Bobby is a true "Reader". If you have ever been to his home, you will find many comfy reading corners and books neatly tucked close by. One of his favorite books is Harold S Kushners "Living a life that matters". The author talks about how even our smallest daily actions can become stepping stones towards living a life with integrity and meaning. We 100% recommend! Do you have a favorite book? Please share!
"Cheaper" doesn't necessarily mean "better" when it comes to your mortgage! So it's best to read the fine print before your sign - or even better, ask your lender, Mortgage Broker and Associate what the penalties are associated with the lowest rate. One quick example, by accepting the lowest rate, are you sacrificing your choice to make extra payments? Have any questions - please reach out! We are always happy to help!
💡Tuesday Tip: At VINE Group, we work with over 60 lenders across Canada to advise andcreate a custom solution that fits your needs. We also receive promotional rates from our lenders and cost coverings that other brokerages and banks may not be able to offer.
What's the difference between a Fixed Rate VS a Variable?
A Fixed Rate Mortgage is one low-interest rate for the term of the mortgage (from 1 - 10 years). A Variable Rate Mortgage interest rate changes (i.e. it's variable) based on the bank prime lending rates.
Need help deciding what options work best for you? Talk to us - Every person's scenario is unique, and we can help you out!
If you’re thinking about purchasing a home looking for the right mortgage or renewing a mortgage on a home you already own, you must be wondering whether a mortgage broker or a bank is a better option?
#TipsToFinancialHealth - Budgeting! Saving to buy a home or just want to have an idea of where your money is going? Create a budget! Using apps like Mint will help you see where your money is going on a day to day basis and will help you be more mindful of what you're spending and where. You'd be surprised at the small recurring costs that add up to huge sums over time.
Having troubles keeping up with your debt and no idea how to pay it off? You could currently be in this situation because of a job loss, health troubles, a bad business deal, or too much credit card debt. Whatever your situation may be, there is always a solution! Even for the direst of circumstances! Debt consolidation loans are a good option for many people.
Want more information, please feel free to DM us, or give us a call at the office! #CanadianMortgageProfessionals#CreditTipTuesdays#Credit#TipTuesday#Debt#consolidation