What A Ride 2023

By  Leann Scarlett |   | Posted in " #First Time Home Buyers Savings Plan, Alberta Prosperity, Alberta Proud, Alternative Mortgages, Broker Red Deer, Consolidation, Down Payment, First Time Home Buyer, First Time Home Buyers, FTHB, HOME BUYING, Home Buying 101, Home Equity Line of credit, Investment Mortgages, Metis Down Payment Assistance Program, Mortgage, Mortgage boker, Mortgage broker, Mortgage Broker Alberta, Mortgage Broker Red Deer, Mortgage Renewal, Ponoka Mortgage Broker, RE-FINANCING, Red Deer Mortgage Broker, Refinance, RENEWING, REVERSE MORTGAGES, Rocky Mountain House Mortgage Broker, Universal Mortgage Solutions, Working with Realtors "

Timing is everything and nows the time.png

Wow the 12th Month of the Year… (how did that happen) 😊 2023 had some ups and downs. Higher interest rates, lack of inventory in the real estate market, uncertainty of where interest rates may go, the scare of a housing shortage, on and on. Interest rates have spooked some buyers, and honestly the interest rate really isn’t that high. Did you know that the average 5 year fixed rate over the past 10 years is 4.17% (twenty five year average 5.26%). We aren’t to far off that right now. At this writing, we are currently in the mid 5’s (this……


CLICK HERE TO READ THE FULL ARTICLE  »


First Home Savings Account (FHSA)

By  Leann Scarlett |   | Posted in " #First Time Home Buyers Savings Plan, Alberta Prosperity, Alberta Proud, Alternative Mortgages, Broker Red Deer, Consolidation, Down Payment, First Time Home Buyer, First Time Home Buyers, FTHB, HOME BUYING, Home Buying 101, Home Equity Line of credit, Investment Mortgages, Metis Down Payment Assistance Program, Mortgage, Mortgage boker, Mortgage broker, Mortgage Broker Alberta, Mortgage Broker Red Deer, Mortgage Renewal, Ponoka Mortgage Broker, RE-FINANCING, Red Deer Mortgage Broker, Refinance, RENEWING, REVERSE MORTGAGES, Rocky Mountain House Mortgage Broker, Universal Mortgage Solutions, Working with Realtors "

Here is a fantastic savings plan that the government has created. It's a hybrid of an RRSP and a TFSA, for the purpose of home ownership. What is it... here are the details... -As of April 1, 2023, financial institutions have the ability to offer the new First Time Home Buyers Tax Free Savings Account -Under the new plan, prospective first-time home buyers have the ability to save $40,000.00 on a tax-free basis -Similar to a Registered Retirement Savings Plan (RRSP), any contributions will be tax deductible -Withdrawals' from the FHSA to purchase a home are non-taxable, similar to a TFSA -The Plan includes an $8,000.00……


CLICK HERE TO READ THE FULL ARTICLE  »


Graduation

By  Leann Scarlett |   | Posted in " Alberta Prosperity, Alberta Proud, Alternative Mortgages, Consolidation, First Time Home Buyers, HOME BUYING, Home Buying 101, Home Equity Line of credit, Investment Mortgages, Mortgage Broker Alberta, Mortgage Broker Red Deer, Mortgage Renewal, RENEWING, REVERSE MORTGAGES, Working with Realtors "

Congratulations.jpg

Graduation is such a special time in ones life.  The 1st  accomplishment for many.  A minimum of 12 years of perseverance, determination and hopefully some fun in the mix.   For some of the Grads in Red Deer, I have had the pleasure of meeting them, being in their classrooms (or on zoom), doing a presentation on credit.  The do's and the don't of applying for credit, of maintaining credit and how to keep a good credit score.  Each presentation I give them 3 take a-ways, take a-ways to go home with, to tell their parents about what they should be doing to help……


CLICK HERE TO READ THE FULL ARTICLE  »