Mortgage Rewewing
Do you have a mortgage renewing in the next 5 months? If you do you need to reach out and have a conversation with me. Why? to see what options you have :) What do I mean by options. With the increase in value in your property, perhaps this is the year we take a look at getting rid of your other debts and doing a refinance instead of a straight renewal. What term and interest rates make sense for you this renewal. It shouldn't be a sign and done process anymore. Take some time to have a conversation with me, it could save……
CLICK HERE TO READ THE FULL ARTICLE »
What A Ride 2023
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)
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 »
Are you Métis ? This Blog is For You!
Did you know there is a Métis down payment assistance program. That's fact and it's back! here are some of the details: Owning a home is now within your reach! Eligibility Criteria Must be a citizen of the Métis Nation of Alberta in good standing (at least one applicant must be an MNA citizen in good standing and their name must be on the title of said purchase). Must be gainfully employed NEW! Annual family maximum gross income of $150,000.00 Must be able to qualify for a mortgage with a major bank or financial institution Must not own any other home currently or within the past three years. Must be 18……
CLICK HERE TO READ THE FULL ARTICLE »