Angela Kroemer Mortgage Professional

Angela Kroemer Mortgage Professional
1.250.650.4182
Showing posts with label Courtenay BC. Show all posts
Showing posts with label Courtenay BC. Show all posts

Sunday, December 23, 2012

Merry Christmas

 I would like to thank you for following my Blog.  As we head into 2013,  I wish you a Merry Christmas and a Happy New Year to all my  Blog followers in the many different countries.
If you would like different or specific information about Canadian Mortgages please email me with your questions.
akroemer@mortgagegroup.com

Thank you


Pageviews by Countries
Graph of most popular countries among blog viewers
EntryPageviews
United States

5854
Canada

1451
Poland

571
Russia

496
Germany

245
France

222
United Kingdom

157
Australia

104
India

48
Slovenia

37

Sunday, December 16, 2012

New Year's Resolution -Toastmasters May Be One

 
 
The Definition of a New Years Resolution is : A New Year's resolution is a commitment that a person makes to one or more personal goals, projects, or the reforming of a habit. A key element to a New Year's Resolution that sets it apart from other resolutions is that it is made in anticipation of the New Year and new beginnings. People committing themselves to a New Year's resolution generally plan to do so for the whole following year. This lifestyle change is generally interpreted as advantageous.

Last year I made a new years resolution to join Toastmasters. It took me until March to fulfill that resolution. Every week that went by, I had some excuse, In the Comox Valley where I live we have 3 different clubs- meeting different days, so it wasn't the lack of choice of the day that stopped me it was the fear of getting into the unknown. The big fear of speaking in front of strangers.

That first Wednesday in March, I took those fears, stifled them and headed to the Toastmasters meeting. I knew no one but I knew I wanted to become a better speaker.

I was warmly welcomed by the club, everyone introduced themselves and a member took me under their wing, introduced me to the club and sat beside me explaining what was happening as the meeting progressed. I did not feel confident enough to speak that evening and that was okay. Their is no harsh push for you to speak. It is a go at your own pace type of club.

The next week, I had a no excuse for not going. Let me tell you, I was looking for any excuse but could not. The club was warm and inviting, so I went.
In Toastmasters there is Table Topics, which is a time to practise speaking for up to 2 minutes without preparation. Thinking on your feet they say. You are asked a question usually to go with the theme of the evening and you answer the question to the best of your ability. The first night I went 26 seconds and that was fine. But, also that night I saw how much I needed the expertise of this club and their members to help guide me to become a better speaker.

I joined that night and I have never looked back.

There is a small fee when joining to pay for your books and rental of the room you meet in. The club I belong to is is less than $100.00 every 6 months. A bargain for sure.

What have I accomplished in 9 months at Toastmasters?
- Table topics for 2 minutes no problem
- Preparing and organizing a speech for 5-7 mins
- Preparing and organizing a educational speech for 8-10 minutes
- Prepared speech for 5-7 minutes without the use of notes (you can use notes for as long as you want)
- a confidence in speaking
- confidence in life itself
- new friends
- Leadership skills
Not bad for 9 months

Anyone and everyone can benefit from Toastmasters. Toastmasters is international. It is hard not to find a club in your area. Maybe this year is your year to join.

http://www.toastmasters.org This link will take to their introductory page as well as a club finder


Got questions about Toastmasters-- send me an email.

akroemer@mortgagegroup.com


So, What will be your New Years Resolution?


Sunday, December 9, 2012

Welcome to NORAD Tracks Santa--Don't be disappointed- find out where Santa is

 
<iframe width="560" height="315" src="http://www.youtube.com/embed/jb0gj_sIBdg" frameborder="0" allowfullscreen></iframe>
 
 
 
 
Welcome to NORAD Tracks Santa
 
All of the preparations for Santa's journey are in place!
Santa's elves have been busier than usual this year preparing for Santa's launch on December 24th! Return each day to receive updates from the North Pole and to discover new surprises on Santa's Activity Page.
For even more fun holiday activities, visit the About Santa page.
Operation Good Will: Find out how you can help make this Christmas very special for those who serve our nation. Check out what each military service is up to these days, and learn how you can help keep NORAD Tracks Santa going for future generations!


Find out what NORAD does the rest of the year (while not tracking Santa) by subscribing to us on Facebook -- or visit us at www.norad.mil.

Track Santa on your Mobile Phone!
Download the official NORAD Tracks Santa mobile apps today! Windows PhoneAndroidiOS

Download the official NORAD Tracks Santa Windows 8 app!
Windows 8
"I Tracked Santa"
Official Licensed Products!
Official Licensed Products
youtube.com/NORADTracksSantafacebook.com/noradsantatwitter.com/NoradSanta

Tuesday, October 16, 2012

Carney Pledges Clear Signal




Bank of Canada Governor Mark Carney speaks in Nanaimo, B.C., on Monday. (Chad Hipolito /The Canadian Press)

Carney pledges clear signal if household debts warrant rate hike

Bank of Canada Governor Mark Carney says that if the central bank opts to raise interest rates to deter households from taking on more debt, he would “clearly declare” what the central bank is doing.
“If we were to lean against emerging imbalances in household debt, we would clearly declare we are doing so and indicate how long we expect it would take for inflation to return to the 2 per cent target,” Mr. Carney said in prepared remarks for an audience in Nanaimo, B.C.

The pledge is significant because Bay Street investors and economists are at odds over the Bank of Canada’s forward guidance on borrowing rates. The central bank has held its benchmark rate at an ultra-low 1 per cent for two years, reflecting tepid economic growth at home and abroad.
Yet for several months, policy makers have indicated that they would like to raise interest rates at the earliest possible moment.
Tiff Macklem, the No. 2 at the Bank of Canada, reiterated that stance earlier this month, isolating Canada’s central bank as one of the few in the world that is leaning toward higher interest rates. At the same time, revised Statistics Canada figures released Monday show Canadians’ debt-to-income ratio reached 163.4 per cent in the second quarter, a heavier burden than U.S. households carried ahead of the housing crash.

Mr. Carney’s comment on the conduct of policy comes as he and his deputies gather this week to reassess interest rates and complete the central bank’s third-quarter report on the economy.
The Bank of Canada’s next interest rate announcement is scheduled for a week from Tuesday; it is set to release its latest Monetary Policy Report the next day. Mr. Carney said the central bank’s revised economic forecasts will take into account the impact of a pervasive sense of uncertainty, which the central bank chief said has paralyzed economic actors around the globe.
“We must take care not to allow uncertainty to dominate our actions, letting profitable opportunities slip away and, more generally, compounding the very real, but still manageable, challenges facing the global economy,” Mr. Carney said.
Mr. Carney urged European policy makers to act quickly and decisively to diminish uncertainty by setting in place a realistic three- to five-year plan for reforming the euro zone, including creating a banking union and closer fiscal union.
And U.S. politicians must act to avoid the fiscal cliff in 2013, when trillions of dollars in tax increases and automatic spending cuts would automatically be triggered if policy makers don’t reach a settlement. Without action, the U.S. economy would take a hit amounting to roughly 4 per cent of gross domestic product, Mr. Carney said.
“If authorities do not change these provisions, this massive fiscal drag will likely push the U.S. economy back into recession next year,” he warned. “That is not what we expect, but like others, we cannot be sure.”
With files from The Canadian Press


For more information on mortgages
 
Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
TFP: 1.888.679.0190
Fax: 1.888.679.0192

Thursday, October 4, 2012

What's in a Title?




What is a Mortgage Professional?

A mortgage professional is a sub-broker. Since the name sub-broker doesn't sound so great, other names used by a sub-brokers are mortgage professional, consultant, agent, specialist and the list grows. We must pass an education program as well as an exam. We also must be licensed in our province.

We are governed by FICOM The Financial Institutions Commission which is a regulatory agency of the provincial Ministry of Finance.
FICOM is responsible for administering nine statutes that regulate the pension, financial services and real estate sectors in British Columbia. The primary focus of this regulation is to ensure that:
  • Institutions and pension plans in these sectors remain solvent;
  • Market conduct requirements for these sectors are respected;
  • Unsuitable individuals do not participate in financial service markets; and
  • Through the Credit Union Deposit Insurance Corporation (CUDIC), insure credit union deposits and non-equity shares.
To keep this explanation simple:  A mortgage broker is the company we work for. A mortgage broker over sees the sub-brokers. A mortgage broker in Canada has an overwhelming amount of paperwork, that is why there is more sub brokers then brokers.

Bank representatives are neither mortgage brokers or sub-brokers. They are trained by their bank that they work for.  They could not broker a mortgage as brokering means more than one.  They only sell what their Bank has. They are not unbiased.

A title can be complex to the public as well to the industry that we belong to.   

Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
TFP: 1.888.679.0190
Fax: 1.888.679.0192

Wednesday, October 3, 2012

Are you Working For An Award Winning Engaged Company?



The 50 most engaged workplaces in Canada

 
Engagement, which describes employees' passion for their work and commitment to the company's vision, isn’t just a buzzword. Taking time to create a fully engaged workforce, where employees go above and beyond their job descriptions, can not only help boost a company's customer relations but also the its bottom line.
 
Companies that focus on employee engagement tend to perform better financially, attract and retain the best talent and enjoy improved customer service and client retention,” says Razor Suleman, founder and chairman of Achievers, a company that offers social recognition and employee engagement solutions to its clients.
The company recently released its third annual survey of the most engaged companies across the country. A panel of five judges, which included Mr. Suleman, evaluated applicants and selected the winners based on the following eight elements of employee engagement: communication, leadership, culture, rewards and recognition, professional and personal growth, accountability and performance, vision and values and corporate and social responsibility.

The 50 most engaged companies, listed below (in alphabetical order), will be honoured on Nov. 14 at Arcadian Court in Toronto.
  1. 1-800-GOT-JUNK?
  2. 3M Canada Company
  3. Access Communications Cooperative Limited
  4. Adecco Employment Services
  5. All Weather Windows
  6. Apex Distribution Inc.
  7. Arrow Professional Services
  8. Bayer Inc.
  9. BC Housing
  10. Bruce Power
  11. Ceridian Canada Ltd.
  12. CIBC Mellon
  13. Contingent Workforce Solutions Inc.
  14. Crawford & Company (Canada) Inc.
  15. Edelman Canada
  16. Eli Lilly Canada
  17. Empathica Inc.
  18. Enflick, Inc.
  19. First Canadian Title
  20. FIRMA Foreign Exchange
  21. Flight Centre
  22. G Adventures (formerly Gap Adventures)
  23. Genesis Hospitality
  24. GoodLife Fitness
  25. Haute Culture Consulting Inc.
  26. HR Downloads Inc.
  27. Hydro Ottawa
  28. IQ PARTNERS Inc.
  29. Just Energy Corp
  30. KPMG LLP
  31. Mayhew
  32. MD Physician Services
  33. Meridian
  34. Molson Coors Canada
  35. Monsanto Canada Inc.
  36. NetSuite Canada Inc.
  37. Nurse Next Door
  38. PEER 1 Hosting
  39. peopleCare Inc.
  40. Polar Mobile
  41. PowerStream Inc.
  42. Rogers Communications Inc. - Customer Support
  43. Ryan, ULC
  44. Scotiabank Convention Centre
  45. Siemens Canada
  46. Starwood Hotels & Resorts
  47. TeraGo Networks Inc.
  48. The Johnson Corporation
  49. The Little Potato Company
  50. TribeHR
Special to The Globe and Mail

Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
TFP: 1.888.679.0190
Fax: 1.888.679.0192

Sunday, September 9, 2012

Feng Shui-Can It Help to Sell or Buy Your Home

 
For a realtor trying to survive the currently sluggish market, there might be no sight as disheartening as that of the unyielding feng shui master who shows up with the buyer to assess the property.
The master, is, after all, probably going to get the last word.

The ancient Chinese practice of feng shui, which is, roughly, about creating a harmonious environment, can have a major impact on a sale in the Lower Mainland. Feng shui master Johnson Li knows all about that, having shot down many a potential purchase.

Mr. Li has been a feng shui master since arriving in Vancouver 20 years ago. He divides his time between the Lower Mainland, Hong Kong, China, and places like Victoria and Seattle, where he’s called upon to assess homes for occupants or would-be buyers.

Feng shui got plenty of media attention in the late 1980s, when a wave of Taiwanese buyers was purchasing and renovating properties based on the system. Today, it’s still alive and well and has spread beyond the Chinese demographic, with devotees from other cultures opting to let feng shui guide their choices.

Mr. Li acknowledges that he is one of the most expensive feng shui masters in Vancouver, but his rate is even higher when he works in China. Here, he charges $8,800 to assess commercial properties; $3,800 to assess houses, and $2,800 to assess apartments. His fee is not to assess only one property for a client, but rather, as many properties as necessary until he finds one with good feng shui. He says that he once rejected more than 100 listings until he settled upon an appropriate house, which must have been an interesting situation for the buyer’s realtor.

The practice is not limited to Chinese buyers, says Mr. Li. He has clients who are Caucasian and East Indian. In Surrey, a Polish family requested his help when they couldn’t sell their house after six months without action. After his recommended changes to the house, he says they sold two months later.

Patricia Coleman is a feng shui practitioner who caters mostly to a non-Chinese demographic in Vancouver. She has guided homebuyers and has “feng shui’d” houses to make them easier to sell.
“I have a lot of western clients,” she says. “It’s not just about trying to sell a house, but making the right decision. It’s a huge purchase. You need to ask, ‘Is it the right one?’

“Every culture has an understanding of placement and energy.”

Faustina Kwok, who lives in Richmond with her naturopath husband Martin, says their new house was built according to feng shui principles that she believes will increase its value. They also “feng shui’d” her husband’s clinic. However, when it came to the house, she wasn’t willing to forgo a good floor plan and flow for feng shui, Ms. Kwok says. She’d been inside “feng shui’d” houses that felt odd because the flow was off. But she was willing to move the driveway, and add a partial wall so that the master bedroom wasn’t in direct view of the front door.

“We just did the big modifications, like where the toilet shouldn’t be,” she says. “You don’t want to flush your fortune away. At least I take comfort knowing my toilet is not in the wrong place,” she says, laughing.

Although growing in popularity, it’s still a largely misunderstood practice, says Mr. Li. Some people think that the popularity of an address that includes the number eight is feng shui, but that’s more about superstition. Feng shui grew out of something far more practical, he explains.

“It is the art of looking at places that are safe or not, gauging whether they are a habitable place,” he says, seated in his Kingsway office, surrounded by his extensive library, a translator at his side. “Feng shui means the study of surroundings.”

Mr. Li has stopped the sale of many houses, and he’s witnessed attempts at feng shui by builders who were shrewdly, or naively, anxious to appease the Chinese market. Mr. Li explained how he once kiboshed the sale of a newly built home in West Vancouver. The builder had hired another feng shui expert to help design the house, which included a giant vertical aquarium as well as an indoor Koi fishpond. Mr. Li took one look at the aquarium and pond and gave a thumbs-down on the pricey property. His clients took his advice and walked. The builder was so furious, he says, that they asked him to put his reasons in writing.

As he poured another round of green tea, he explained that it’s a basic feng shui principle that you don’t want water above your head. As well, a Koi pond inside a house is not a good thing, he added.
When asked to explain, Mr. Li chuckled and said, “Because it will smell like fish.”

As for the feng shui practitioner who’d allowed such missteps, he explained that unfortunately, because so many consumers want instant and easy answers, there are a lot of unscrupulous practitioners who don’t know what they are doing. He doesn’t like doing assessments for developers and realtors because “they use him to make money.”

He recalls a realtor slipping him a red envelope as he was doing his assessment. The envelope was stuffed with a substantial amount of money, which he later turned over to his clients.

Emily Lo says she trusts Mr. Li for all her real estate purchases, even if it irritates the realtors, who often try to persuade her to use Mr. Li’s report as one of the subjects to sale. However, she’d prefer to get his opinion upfront, after the initial walk-through.

“He has the power of veto, and if you are paying that amount of money, you are going to trust what he says.”

Gastown realtor Ian Watt says the issue of feng shui comes up about once a month.
“A lot of my Chinese clients are really big into that,” he says. “It’s amazing, because it does affect real estate for a certain demographic. Everybody over 50 cares for sure.”

He has a client with a condo on Pacific Boulevard currently on the market, and the client refuses to let him close the window during showings.

“It’s on Pacific Boulevard, which is very noisy. The traffic sounds don’t help,” he says. “They want the window open all the time, and it’s something to do with feng shui.”

Anna Chen, who co-owns the unit with fiancé Dan, can explain. Her uncle is a feng shui master who visits from Taiwan, and he told her to keep the window open in order to sell the unit. Ms. Chen, who is 32, said that she was reluctant to believe in feng shui throughout her 20s, but now that she’s older, she’s starting to see its value.

“I think it helps. I’ve seen it help. So that’s why I asked my uncle to help me to sell the place, and also to help us buy the next place. Now, when we go to a new condo listing, sometimes I ask him to come with me. He told me the direction of the entrance and everything will affect health and fortune, how much you can make, or are you going to lose.”

An Excellent article by Kerry Gold
Special to the Globe and Mail September 8 2012


For information on mortgages
 
 
 
Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
TFP: 1.888.679.0190
Fax: 1.888.679.0192
 
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Tuesday, September 4, 2012

Renovations You May Regret

While everyone is in the do it yourself mode, there are certain renovations that you may regret spending money on once you have put the home on the market for resale.
You certainly can renovate your house to a point that you are comfortable with it, but don't take it personally when your realtor advises you on what will get your house sold and what will not.
Some of your loved renovations may have to be torn out to get your home sold as not everyone is a do it yourself type of person.  Potential buyers who have to hire people to do renovations only see more unnecessary money that has to be spent after buying your house.

 Renovation upgrades, such as kitchens and bathrooms, are usually fairly reliable for adding to a home’s resale value. But there are others (and if you’ve gone househunting in the last few years, perhaps you’ve seen a few) that are just plain bone-headed. What’s worth the cost and what isn’t?

Which home upgrades are least likely to return their full investment (or close to it) when you sell, or can even turn buyers off. Some of her answers might surprise you.

Wall-to-wall broadloomOnce considered a selling feature, this is now a liability in many buyers’ eyes. Broadloom is incompatible with pets and people with allergies, and is perceived as hard to clean. If you have hardwood floors, have them refinished or consider installing them if you don’t.

Whirlpool baths, saunas and indoor hot tubsOnce considered chic, these are now often seen as just expensive, energy-guzzling extras.

Expensive built-in sound systems and home theatresSome buyers will be attracted to this, but not everyone is an audio/cinephile, nor will they pay a premium for a house with this feature.

Colourful bath fixturesThese went out with poodle skirts. Chances are the buyer will just see them as a renovation to-do and will plan to get rid of them after the purchase.

Ornate chandeliers, wallpaper and paint treatmentsTaste is very individual and idiosyncratic decorating can turn buyers off; stick with neutral, simple decor.

Odd rooms and wallsA wall bisecting a large bedroom into two unusably small ones or a cramped powder room under the stairs or in a closet … many buyers will see these as merely a future  renovation expense.  (Same goes for inexplicably missing walls, such as a bathroom that is open to the adjacent bedroom.)

Overly fancy appliancesStainless steel-finish appliances are worth paying a few more dollars for (compared to equivalent white or colour models), but six-burner professional stoves, double dishwashers and a fridge big enough for a restaurant rarely recoup their initial cost.

Cheap laminate or vinyl tile flooringSome types of laminate are attractive and practical; others just look cheap and fake. Especially avoid peel-and-stick vinyl tiles or be prepared to replace them when you put the house on the market. For not much more money, choose hardwood, stone, bamboo or cork.

Swimming poolThere is some debate about this among realtors; to some buyers, a swimming pool is a selling feature. But a pool rarely recoups its entire cost, and it will reduce the number of potential buyers interested in your home.

Turning a three-bedroom into a two-bedroom homeEven if that third bedroom is very small, it’s still a bedroom. No matter how spacious your newly enlarged master bedroom or how luxurious that new spa bath, the demand for two-bedroom homes is significantly smaller than for three-bedrooms, and they command considerably lower prices.
List supplied By Martha Uniacke Breen
For information on mortgages
 
Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
TFP: 1.888.679.0190
Fax: 1.888.679.0192


 

Monday, September 3, 2012

Your Personal Mortgage Shopper


A mortgage professional, in theory, is educated in all aspects of mortgages.   By working closely with one, you access this specialized knowledge and experience.

Imagine if you could turn to an expert when you wanted to make a major purchase. He or she would visit stores, collect the important information about the product and then help you make the best choice. When you’re buying a new home or renegotiating your mortgage, this is what a mortgage professional can do for you.

Basically, we shop around and find you the best deal. When you walk into your bank to discuss mortgage options, the banking officer can only offer you the products from that bank and, depending on your credit history and the product, knock a few points off the interest rate. But a mortgage professional has access to a wide variety of products because he or she can work with any bank, credit union or trust company. They also know who is offering the best rates for the type of mortgage you need and know how to negotiate for a lower posted rate.

A mortgage professional, in theory, is educated in all aspects of mortgage.   By working closely with one, you access this specialized knowledge and experience. This is especially valuable for those who have hard-to-place mortgages—such as the self-employed or people with poor credit history. A mortgage professional will know what banks will be more favourable to the client or be aware of alternative ways to secure a mortgage.

Another benefit is the reduced impact on your credit score.  Every time you go to a bank and they check your ability to get a mortgage, it’s a hit on your credit score. A mortgage professional will check your credit score once and then shop it to five or more banks at once.   If you do plan to comparison shop, this is one way to protect your credit from taking an unnecessary dive.

But how much will all this cost a homebuyer? Brokers are paid a “finder’s fee” — about 0.8 per cent to 1 per cent of the mortgage amount — by the bank or institution, which is not passed on to the person buying the mortgage.  The bank can afford to do that because of the volume they get.   Since they don’t have an in-house person managing the account, answering questions, taking calls and sending paperwork back and forth, they save on costs and pass that on.

With so many mortgage professionals on the market, it can be a challenge knowing which one to pick.  Ask friends and family for recommendations and meet with potential mortgage professionals to see if they are a fit. Follow blogs and websites of mortgage professionals. Ask lots of questions.


For Mortgage Information


Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
TFP: 1.888.679.0190
Fax: 1.888.679.0192
 
Facebook Pages
 
 
Published on Thursday August 30, 2012
Leigh Doyle
Chris Young for The Toronto Star
 
 

Monday, August 20, 2012

Mortgage Renewals





Is it that time? You have just received a mortgage renewal notice in the mail?  Read on to see if you should sign and send it back or maybe take another course of action.

When a term is coming to a close, most banks will send a mortgage renewal notice in the mail a few months earlier then your renewal date.  The banks tend to take advantage of our busy schedules to assume that you will sign on with them for another term. At this point the banks take advantage of your customer loyalty and don't even give you a discount, if they do not a great one.  Almost 60 percent of their customers sign this renewal without researching what the competition has to offer.

When you went shopping for your first mortgage you asked questions, did research, talked to any one who knew anything about mortgages and found the best mortgage rates and options. Why should the renewal process be any different? Interest rates are at an all time low, take advantage of the current market.  Get a better mortgage rate that could save you substantially in the long run.

Renewing your mortgage means one term has come to an end and it is time to start another term. Usually it is a 5 year term. At renewal time it is the perfect opportunity to shop and get a lower interest rate or better options that suits your lifestyle better. 

You have already paid 5 years worth of mortgage payments and deserve to get a discount on your mortgage rate.

For more information and a free quote without obligation, send me an email, phone or text.

My website has invaluable information.
www.KROEMERmortgages.com



Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
TFP: 1.888.679.0190
Fax: 1.888.679.0192


Saturday, August 11, 2012

A Collection Of Cool Ideas For your Home

As summer progresses, I have come across some neat ideas for your home that people have posted on the internet. I cannot take credit for any of these ideas.

Turn that outdated coffee table in your basement into a re-purposed beautiful bench!


Now THAT is pretty cute, don't you think? Snap lock bag, a peg and pipe cleaners. Easy.


Easy wainscotting! Glue picture frames to bottom of wall, add trim above and paint!



Wow! Isn't this an ingenious and simple idea! Talk about a great idea that works with the Three 'R's' concept of Reduce, Re-use, Recycle!.. Let's add Re-Purpose! Do you have any ideas to 're-purpose' things in your home or business?



Dress up your basic bathroom mirror! Use silicone adhesive to glue pretty tiles around the edges.


A much better use for a rake in my opinion !




Penny Floors.
Floors that use pennies instead of tiles.  Give it a rich copper look.
A very time consuming project , but if you have the time and patience it would be a very beautiful floor.




Anyone else have a great project that they did. Please let me know, as I am always looking for new cool ideas. 


For a mortgage that is right for you.

Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
TFP: 1.888.679.0190
Fax: 1.888.679.0192

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https://www.facebook.com/#!/akroemer

https://www.facebook.com/cvmortgages

https://www.facebook.com/campbellriverbc



Wednesday, August 1, 2012

Interest Rates And Monthly Payments

So, you have been reading or hearing about rates being lowest in history.  You have been reading or hearing different rates in the news, from banks, from mortgage professionals, from newspapers, etc.  Every week there is a new rate being advertised. It is up , it is down.  It can be just as confusing as the gas prices. 

You may be asking yourself  'where are the best rates'?

Well of course mortgage professionals have the best rates. But, not only the best rates, they have the best products. Our products are the full suite products. Meaning that even if our rates are low, your mortgage comes with many options such as, being able to port your mortgage to another house, if you should want to sell and buy another one.  Each of our Lenders have great products and well as fantastic rates.

If rate is your deciding factor, make sure the rate comes with all the bells and whistles, because you can have both.  The Banks want you to believe that if you are a rate shopper, you do not get the bells and whistles. Not true. That is what most Banks offer, one or the other.  A low rate and nothing else or a high rate and all the bells and whistles.
The Lenders I work with offer one option and that is low rate and all the bells and whistles. 

Now what about rates and payments?

Today is August 1 2012. Today I can offer you 2.99% on a 5 year term. The rate that most Lenders are offering is 3.19% and the Banks are offering 5.24%. Big difference for sure.

I would like to show you the difference in your monthly mortgage payment, to give you an idea of how much you can save.
So imagine you want to buy a house for $300,000.00.
5% down would be                                      15,000.00
                                                                 ------------------
Mortgage is                                               285,000.00    
 I used 25 year amortization as per new Canadian guidelines.

----------------------------------------------------------------------------------------------------------------------
                          Unadvertised                    Advertised                            Posted Rate
                          Rate (Lender)                   Rate (Lender)                       Bank
--------------------------------------------------------------------------------------------------------------------------
LOAN                2.99%                                3.19%                                 5.24%
$285,000.00
--------------------------------------------------------------------------------------------------------------------------
Monthly
Payment             $1347.28                           $1376.68                             $1696.72
--------------------------------------------------------------------------------------------------------------------------

So, you can see the difference on payments for the same mortgage with the same bells and whistles.
Why would you pay more?
You could save almost $4200.00 per year. That would be a nice vacation during our most darkest, wet and coldest month on Vancouver Island.  A little sun vacation would be good for the soul and family life.

So you think, Wow, I am hooked. But who are these Lenders?
Our Lenders are called Mono Lenders. Why, because all they do is Mortgages. They follow the same rules as our Canadian Banks.  They are regulated by Canada.  They are safe and here to stay.  Also our Lenders can be Credit Unions and Banks, depending on which is the best fit for  your situation.

One thing Canada does have is the best regulated Mono Lenders, Private Lenders, Credit Unions and Banks, probably the best in the world.

My friend got a mortgage with a mortgage professional and the mortgage is with a Bank and a good rate, why can't I get that same rate with the same Bank?  The Banks have a few programs going on. If you are a Bank client, they will offer you their best rate which is today around 5.24%.  But, if you go through a mortgage professional we get better rates. Why? Because the Banks still have to compete with the Mono Lenders.  It doesn't seem fair that you are a client of the Bank, pay lots of service charges just to bank with that Bank and then they give you a higher rate for a mortgage? 

If you have any questions, send me an email at akroemer@mortgagegroup.com
                                                              Phone or text me at  1.250.650.4182


For a great Mortgage




Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
TFP: 1.888.679.0190
Fax: 1.888.679.0192
Your Mobile Mortgage Professional in The Comox Valley TM

Tuesday, July 24, 2012

Canadians Get Creative To Avoid Renting

More and more Canadians are extending the amortization on their car loans as a way of qualifying for bigger mortgages, according to a new survey -- suggesting that number will increase as first-time buyers look to move beyond renting.

In fact, more than half of those borrowing to finance their vehicles are already opting for 72-month amortizations or longer, representing a nearly 40-percentage point jump from just five years ago, reads a report from JD Power and Associates.

“Consumers today just don’t think of the car as being $28,500,” said JD Ney, with JD Power. “They think of it as being $500 a month. There’s a certain pain threshold – whatever it takes, we’ll try and keep that monthly payment.”

Playing with amortization on car loans is one way mortgage brokers have advised clients looking to prepare for a mortgage application.

Still, most mortgage professionals have counselled borrowers to opt for less expensive auto purchases as a better of preparing to meet debt-service requirements and win home loan financing.
That advice may be increasingly hard to follow, with brokers pointing to mortgage rule changes that have only strained the ability of many borrowers to qualify.

That is a huge increase from just five years ago, when 14 per cent of buyers borrowed for six years or more, said J.D. Ney, an automotive account analyst in the consulting firm’s Canadian office.
Written by Vernon Clement Jones

Thank you to http://www.canadianrealestatemagazine.ca/news/item/1284-canadians-get-creative-to-avoid-renting




Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
Local: 1.250.650.4182
 
Your Mobile Mortgage Professional in The Comox Valley TM
 

365 Things to do in The Comox Valley  https://www.facebook.com/#!/cvmortgages

Monday, July 23, 2012

Canadian Renters Freeing Themselves Of Debt


Don’t break open the bubbly quite yet, landlords. A new report from Equifax suggests more Canadian households are getting a handle on the kind of debt that keeps them renters instead of homeowners.
Growth in consumer debt fell 30 per cent in the second quarter, compared to a year earlier, reflecting the single biggest drop since before the recession.

“For the last couple of years we have seen almost double digit growth in some cases, it slowed down a bit last year, but we have never seen it slow down as much as we have (now),” said Nadim Abdo, VP of analytical services for Equifax Canada.

In real terms, consumer indebtedness – not taking into account mortgage debt -- climbed 3.1 per cent year-over-year in the second quarter. That’s down from the 4.4 per cent increase logged a year earlier, according to the Equifax quarterly trend report.

Economists are calling that improved financial footing the most conclusive indication to date Canadians are getting the message about the dangers of household debt levels, now averaging 152 per cent of income.

That rise was a key reason the federal government moved late last month to introduce tighter mortgage rules, a way of discouraging the at-risk consumers from taking on new mortgage debt.
The move is expected to benefit property investors as demand for rental units increases, taking rents with it.

That Canadians are now getting a hold on their spending is likely to salvage the homeownership dreams of many.

The report also found that high-interest credit card debt fell by 3.8 per cent in the second quarter, with bankruptcies down 4.5 per cent from the year-ago period.

Written by Vernon Clement Jones


250.650.4182




Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
1.250.650.4182
akroemer@mortgagegroup.com

www.KroemerMortgages.com


Your Mobile Mortgage Professional in The Comox Valley
Facebook Page https://www.facebook.com/#!/akroemer

365 Things To Do In Comox Valley https://www.facebook.com/cvmortgages

Saturday, July 21, 2012

Low Rates are Making Reverse Mortgages Attractive

There are many reasons that more Canadians are choosing reverse mortgages as a financial instrument for their retirement. Low interest rates are one of them. In many cases, the interest rate for a reverse mortgage is even lower than a mortgage that someone may have taken out five to ten years ago on their home, making a reverse mortgage a no-brainer way of paying off a mortgage into retirement.

HomEquity Bank now Provides CHIP Home Income Plan
The institution behind reverse mortgages in Canada is a federally registered bank, which means they are able to offer lower interest rates than they have in the past. The cost of borrowing against your home’s equity has never been lower than it is right now.
There are no “gotchas” with a reverse mortgage, and the process of applying for one is regulated so that there never can be. Applying for a reverse mortgage requires legal advice, for one, so you can always be assured that you’ll have a third party looking at the deal for you and ensuring that you are getting the best value for your money.

Use Low Interest Rates to Your Advantage
Pay off your household debt going into retirement. Help family members buy their first homes. Get the money for traveling in retirement that you’ve always wanted but didn’t quite have the ability to put aside. There’s a million ways you can use the money that you could get for a reverse mortgage, and low interest rates mean now is the time to access your home’s equity before they have a chance to go back up.

Use a Reverse Mortgage as a Financial Instrument
If you have a higher-value property that you plan on staying in during your retirement, you may not “need” the money from a reverse mortgage. But think about what you could do with the tax-free money from your home equity on the stock market or in other investments, such as your own small business. A reverse mortgage offers a huge benefit over a home equity line of credit in that you have the option to choose a fixed rate for a period of time with a reverse mortgage. With a home equity line of credit, you are at the bank’s mercy and your interest rates can be increased without your consent at any time. Tap into your home equity that won’t leave you at the mercy of creditors in your retirement with a reverse mortgage.
Want to find out just how low interest rates are on a reverse mortgage? Contact me today for the rates and to answer any questions you have about the application process.

About Us

My CHIP Tools

A CHIP Home Income Plan is a reverse mortgage that is the simple and sensible way to unlock the value in your home and enjoy life on your terms. You can use this "My CHIP Tools" section to find out if you and your home are eligible, how much money you could get, and how much equity you would have left in your home after the CHIP Home Income Plan was repaid.
EligibleAm I eligible?
Find out right away if CHIP is offered in your area and if you and your home qualify for a CHIP Home Income Plan.

How MuchHow much money could I get?
The amount you can receive up to 50% of your home's current appraised value. The exact amount available to you will depend upon a number of factors, including your age and the age of your spouse, the value of your home, where your home is located, and the type of dwelling. This tool will show much money you may be eligible to receive.

Future Equity Future Equity CalculatorFuture Equity Calculator
Use the Future Equity Calculator to determine how much equity could be remaining in your home when your CHIP Home Income Plan is repaid. The calculator predicts future market value of your home based on user-selected home annual appreciation rates.
CHIP provides an interest rate discount if you choose to pay your full annual interest. The interest rate discount is 0.50% and is factored into this calculation.



Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
1.250.650.4182

akroemer@mortgagegroup.com
www.KroemerMortgages.com

Your Mobile Mortgage Professional in The Comox Valley

Facebook Page https://www.facebook.com/#!/akroemer

365 Things To Do In Comox Valley   https://www.facebook.com/cvmortgages

Friday, July 20, 2012

Three Home Buying Clauses To Keep

Following Gail Vaz-Oxlade experience and knowledge these are the 3 home buying clauses to keep.

No matter how much you want that home, don’t drop these three important buying conditions.

In some areas of the country the housing market is still sizzling because of low interest rates. Homeownership has always been touted as the sure way to financial security and more than one silly-Billy has jumped into the housing market because they mistakenly thought “everyone else is buying a house, I have to buy a house too.”

No matter how anxious you are to own your own home, don’t rush the transaction. If you’re feeling pressured to make an immediate offer but haven’t taken the time to become familiar with the local market, you won’t know if you’re getting good value for your money. Worse, you may be tempted to do something stupid in your emotional desire to “win” a bidding war. Take a breath.

It’s become pretty standard in hot markets for real estate professionals to suggest that a buyer put in an offer to purchase that is free of conditions. One of the conditions that’s quickly excised is the “financing condition.” Hey, you got a pre-approval, right? You don’t need that conditional on financing clause, right? Wrong! No matter how much you want that home, no matter how sure you are that everything will be fine, don’t do it.
Pre-approvals come with the proviso that they are financing approvals in principal only; they can be revoked by the lender if they are perceived to be a bad decision—if your circumstances change, or if the house appraisal is lower than the purchase price. And that’s why the “conditional on financing” clause is important.

Another clause you should always include is the “conditional on sale of existing home clause,” which eliminates the likelihood that you’ll end up desperate to find a buyer for your home because you’re having to carry two mortgages since your old haunt hasn’t sold yet. If you have to carry two mortgages for three or four months, you’ll be motivated to accept less than your house may be worth.

And don’t skip the “conditional on inspection” clause or you might end up with a house that’s falling down around your ears. Don’t let desperation to buy that house overcome your good sense. Ignoring the potential problems inspections are designed to ferret out can be horribly expensive.
Buying a home is a complex process. Don’t rush into it and don’t rush through it. You’ll likely have to live with your decision for a long, long time. Talk to some friends and family who have bought recently and try to get a feel for the process. Pay attention to the details. And ask lots of questions. The more you know, the better a homebuyer you’ll be.

From Gail Vaz-Oxlade
http://www.moneysense.ca/2012/07/19/three-home-buying-clauses-to-keep/


For more mortgage information

Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team

1.250.650.4182

akroemer@mortgagegroup.com

www.KroemerMortgages.com

Your Mobile Mortgage Professional in The Comox Valley

Facebook Page https://www.facebook.com/#!/akroemer

365 Things To Do In Comox Valley https://www.facebook.com/cvmortgages

Thursday, July 19, 2012

CHIP's New Lower Rates

CHIP's New Lower Rates
-55 years and up
-want equity out of your house to live, travel, investments, etc.
-rates start as low as 4.25% for new customers
-til August 31 2012
-APR 5.29%






About Us

My CHIP Tools

A CHIP Home Income Plan is a reverse mortgage that is the simple and sensible way to unlock the value in your home and enjoy life on your terms. You can use this "My CHIP Tools" section to find out if you and your home are eligible, how much money you could get, and how much equity you would have left in your home after the CHIP Home Income Plan was repaid.
EligibleAm I eligible?
Find out right away if CHIP is offered in your area and if you and your home qualify for a CHIP Home Income Plan.
How MuchHow much money could I get?
The amount you can receive up to 50% of your home's current appraised value. The exact amount available to you will depend upon a number of factors, including your age and the age of your spouse, the value of your home, where your home is located, and the type of dwelling. This tool will show much money you may be eligible to receive.
Future EquityFuture Equity Calculator
Use the Future Equity Calculator to determine how much equity could be remaining in your home when your CHIP Home Income Plan is repaid. The calculator predicts future market value of your home based on user-selected home annual appreciation rates.
CHIP provides an interest rate discount if you choose to pay your full annual interest. The interest rate discount is 0.50% and is factored into this calculation.




 
For more information  http://comoxvalleymortgagestoday.com/custom1.asp

Call or Text  250.650.4182





Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team

1.250.650.4182
akroemer@mortgagegroup.com
www.KroemerMortgages.com

Your Mobile Mortgage Professional in The Comox Valley

Facebook Page https://www.facebook.com/#!/akroemer

365 Things To Do In Comox Valley https://www.facebook.com/cvmortgages