Tag Archives: realtor rosalie drysdale

Insuring your mortgage: Analyze the costs, benefits

(NC) When you go to your lender for a mortgage, they may ask whether you want to insure your home loan with an array of optional financial products to make your home ownership more secure. But this comes at a price.

 

These products include mortgage life insurance, mortgage disability insurance and title insurance.

 

Your lender must provide easy-to-understand information about these products; it’s up to you to read it and ask questions to ensure that you understand your options.

 

You do not have to buy any of these three types of insurance to get your mortgage. In fact, financial institutions may not pressure customers to buy life, disability or title insurance in relation to a mortgage.

 

Mortgage disability insurance

 

Why buy this insurance? It provides the certainty of knowing that your mortgage will be paid even if you are incapacitated. The insurer will make the mortgage payments – for a specific period of time – to your lender if you cannot work because of a severe injury or illness.

 

What you need to know: This would be an ongoing cost for the duration of your mortgage. Some insurers only cover specific illnesses or injuries, and they don’t usually cover pre-existing conditions. Before purchasing such insurance, ask your employer whether they offer similar coverage. Compare costs before agreeing to buy.

 

Mortgage life insurance

 

Why buy this insurance? It ensures that, in the event of your death, your mortgage will be paid off so your loved ones do not have to worry.

 

What you need to know: This would be an ongoing cost for the duration of your mortgage. You may already have this coverage through an existing life insurance policy. The benefits of your existing coverage could be used to pay off or pay down the mortgage in the event of your death.

 

Title insurance

 

Why buy this insurance? If you are worried about title fraud—criminals stealing your identity to get a new mortgage on your property, or fraudulently transferring your title to themselves and then selling or mortgaging your home.

 

What you need to know: This insurance consists of a one-time, upfront fee. Lender title insurance protects the lender from losses until the mortgage has been paid; homeowner title insurance protects the homeowner from losses related to title as long as he or she owns the home, even if there is no mortgage.

 

More information is available at itpaystoknow.gc.ca.

 

Source: www.newscanada.com

Thank you to all the Mortgage Brokers who I have worked with through 2015

Purchasing a home is the largest financial investment many people make in their lives, and I will go the extra mile to assist them in the process.
 
Being a Realtor means more to me than simply selling homes; it is about building relationships with my clients based on TRUST, KNOWLEDGE, and EXPERTISE.
 
As a Realtor of 20 years in the business, I worked hard to provide my clients a Network of Business that will provide a easier time to get the service needed to purchase or sell their property.
 

Message from Realtor Rosalie Drysdale

 
Coming to the end of your term with your mortgage, needing to resign for the next five years. Contact one of the Mortgage Brokers from my website
 
http://999-rose.ca/wp/services/financial/

Contact one of the Mortgage Professional below to help you with the progress and let the Mortgage Broker know who referred there services to them.

Daryl Harris Daryl Harris @ http://www.winnipegsbestmortgage.com

Follow Daryl on twitter@wpgsbestmtg

 

Justin Hintz - 1Justin Hintz @www.justinhintz.com

Follow Justin on twitter@justin_hintz

 

Leonard mcAuliffeLeonard mcAuliffe @ http://www.thatmortgageguy.ca

Follow Leonard on twitter @wpgmortgageguy

 

 Kevin Stefanson - Mortgage Broker Kevin Stefanson@ https://www.castlemortgagegroup.ca/brokers/30

Follow Kevin on twitter@mortgagebykevin

 

Peter Paley Peter Paley @ Invis Canada’s Mortgage, http://www.peterpaley.com/

Follow Peter on twitter@PeterPaley

 

Lisa J. Gryba Lisa Gryba @ One Link Mortgage Financial, http://lisagryba.com/

Follow Lisa on twitter@LisaJGryba

 

TRENA-Taylor -- The Mortgage Mogul 1 Trena Taylor @ Winnipeg,  http://themortgagemogul.blogspot.ca/

Follow Trena on twitter@mortgagemogul_

 

If you are wanting to deal with a Credit Union ,please contact

Cory Papineau -- Assiiboine Credit Union Cory Papineau @ Assiniboine Credit Union , 2659 Pembina Highway

Follow Cory on twitter@Iam_Canadian

 

If you are in the Market to Sell or Purchase a Home or Condo,

Please Contact me Realtor Rosalie Drysdale

The Five Signs of a Successful Sale

999-rose -- For Sale999-rose -- For Sale QR Code999-rose -- Open House Small Sign999-rose -- Open House999-rose -- Sold

Get to know a little real estate language

 

(NC) There are many terms you’ll hear real estate professionals use during your home buying process. While there are too many to list, these are a few you’ll surely hear at least once:

 

Amortization: The number of years it takes to repay the entire amount of a mortgage.

 

Buyer Agency Agreement: Establishes a formal and exclusive relationship between the potential buyer and the broker and its representatives.

 

Closing Date: The date on which the title and keys to the property are transferred from the seller to the buyer, and the money is paid.

 

More information is available at www.wedothehomework.ca.

 

Source: www.newscanada.com

What’s the sweet spot for a down payment on a house

House-for-sale

Photo credit: Google Images


If you can’t afford 20% down, here’s why 10% serves you well:
 
Q: We’re buying a home valued at $275,000 and 100% of our down payment is coming from our RRSPs. We do not have enough to come up with a 20% down payment so now we’re trying to decide: (a) is it better to put down only 5% and pay more on mortgage insurance premiums, but have more cash in hand; or (b) put down 15% on the home, pay less in insurance premiums but have less cash in hand. —Glen Slim, Ottawa
 
A: Owing a home is a good idea for many, but despite your best laid plans, you could be faced with unexpected expenses. If you can’t quite hit the 20% threshold to avoid mortgage loan insurance, I think you’re right to hold some money back. Joe Jacobs is a broker with Mortgage Connections and based on his calculations you should consider a third option, let’s call it option (c). “The sweet spot is likely 10% down,” he says, because of how the premiums are calculated. For the house you’re buying, the insurance premium with 5% down would be 3.6% of the total or $9,400. With 10% down you’d pay 2.4%, or $5,940, which is a savings of $3,460. If you go with 15% down you’d pay 1.8%, or $4,200, but save only another $1,740 and tie up $14,000 that you might rather have around to cover any surprises.  If it turns out you don’t need that money in the first year or two, and you have some financial flexibility, you can put it down on the mortgage later. Any additional lump sum payments you can make will reduce the number of years it takes to pay your mortgage off, saving you thousands of dollars in interest costs.
 
by Bruce Sellery September 30th, 2015
 
From the September/October 2015 issue of the Moneysense magazine.
 
Source: MoneySense.ca
 
Source of the Article :
 
LISA GRYBA INFORMATION

Ready to become a savvy homeowner and let renters help pay your mortgage ? Talk to me today and find out how !

 

Peter Paley
Mortgage Associate

204.289.0894

Your Home & Mortgage

Five reasons why you should let renters help pay your mortgage

Are you a savvy homebuyer ?

Then let renters help pay your mortgage.

Recently Canada Mortgage and House Corporation (CMHC) announced that when qualifying for a mortgage, homeowners could now count all of the income from their legal secondary unit(s) instead of the previous 50 per cent, making it easier to qualify and giving this home buying option a boost.

Whether you’re a first-time homebuyer feeling your way into the housing market or an existing one looking to lower your mortgage payment, here are five reasons why having renters help pay your mortgage is such an appealing option:

  1. Some first-time buyers want to move directly into a single-family home and get mortgage assistance using a rental suite instead of purchasing a condo at a lower cost.
  2. If you want to get your foot into the world of real estate without breaking the bank, a home with a rental suite can be a great start, especially if the area you happen to love is pricey.
  3. Homeowners looking ahead to the future may want to lower their mortgage cost so they can channel money into other investment areas like RRSPs, TFSAs, RESPs. Or simply as a way to become mortgage free sooner.
  4. Spending less on your mortgage can give you the freedom to change your lifestyle or follow your dreams, perhaps to travel, start a new business venture, or allow for the luxury of having a stay-at-home parent.
  5. Rental suites are also great if you have aging parents. You can keep them close without infringing on personal space. Keep in mind that if tenants are family members, lenders and insurers will not use the rental income for qualifying purposes.

Ready to become a savvy homeowner and let renters help pay your mortgage?

Talk to me today and find out how!

 

MORTGAGE CHOICE: MONOLINE LENDERS

Keep Calm and Choose Wisely

Finding a perfect mortgage that fits your life is like finding the perfect home. It’s an important decision that requires a lot of shopping around. That’s where we come in. With access to over 50 of Canada’s leading lenders, we are a one stop shop. We work with major banks, credit unions, and national, regional and private lenders. One specific lender type that we work with is called a “monoline” lender, which focuses just on mortgages and doesn’t take deposits. They don’t have other products to cross-sell, which differentiates them from a bank or credit union. They are an important part of the mortgage market because their mortgage products and low pricing improve consumer choice and ensure that our banks remain competitive. Most monoline mortgages are only available through mortgage brokers, which is one of the reasons so many Canadians are turning to mortgage brokers for their purchases, refinances and renewals.

Happy Thanksgiving

The Thanksgiving holiday is a special time to pause and give thanks for the comforts of family and home. It’s so gratifying to know that so many will be celebrating in homes that we helped them achieve. Happy Thanksgiving!

Peter Paley
Mortgage Associate
204.289.0894

Message from Peter Paley Mortgage Broker

The Thanksgiving holiday is a special time to pause and give thanks for the comforts of family and home. It’s so gratifying to know that so many will be celebrating in homes that we helped them achieve. Happy Thanksgiving!

Happy Thanksgiving

Mortgage Rates for Sept 15, 2015 — By Peter Paley

                                             

Peter Paley - Your Home and Mortgage Peter Paley

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.49%

5 YEARS

4.64%

2.59%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

Rates are subject to change without notice. OAC E&OE

Prime Rate

2.70%

5 yr variable

2.05%

Looking at Purchasing that New Home, Needing a Mortgage,

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

5 Reasons to Hire a Real Estate Professional Today !

5 Reasons To Hire A Real Estate Professional Today | Keeping Current Matters
 
Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.
 
The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover.
 
1. What do you do with all this paperwork?
 
Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.
 
2. Ok, so you found your dream house, now what?
 
According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, who knows what these actions are to make sure that you acquire your dream.
 
3. Are you a good negotiator?
 
So maybe you’re not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.
 
4. What is the home you’re buying/selling really worth?
 
It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $208,700 compared to $235,000 among agent-assisted home sales.”
 
Get the most out of your transaction by hiring a professional.
 
5. Do you know what’s really going on in the market?
 
There is so much information out there on the news and the internet about home sales, prices, mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer?
 
Dave Ramsey, the financial guru advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.
 

Bottom Line:

 
You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of your most important financial decisions of your life without hiring a Real Estate Professional?
 
Source: KeepingCurrentMatters.com

Mortgage Rates for August 11, 2015 — By Peter Paley

                                               

Peter Paley - Your Home and Mortgage Peter Paley

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.89%

2.29%

2 YEARS

2.84%

2.19%

3 YEARS

3.39%

2.34%

4 YEARS

3.89%

2.54%

5 YEARS

4.64%

2.59%

7 YEARS

5.30%

3.39%

10 YEARS

6.10%

3.84%

Rates are subject to change without notice. OAC E&OE

Prime Rate

2.70%

5 yr variable

2.07%

Looking at Purchasing that New Home, Needing a Mortgage,

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

Contact Peter Paley at Invis Mortgage

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Duplex at 548 Arlington Street, Wpg MB

1

This is a true duplex. Show and sell. Great location. Fully rented suites. Suites are in good shape. Rents are $879 and $714 plus heat and hydro.

Revenue properties 009 Revenue properties 008

Each suite has good size eat-in kitchen. Large backyard – lots of space for gardening etc. Fruit trees and more. Lots of parking incl. DT1 and parking pad. Shopping and transportation close by.

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More pictures and information on this Home at 548 Arlington Street Winnipeg MB.

Call Realtor Rosalie to view this Duplex Home.