Earth Hour Tonight at 8:30 pm

Again this year Canadians are encourage to turn off their lights tonight (Saturday) at 8:30 pm for 1 hour and join the rest of the world in the dark.

Since it began in Sydney in 2007, Earth Hour has grown to become what environmental group WWF organizers say is the world's largest demonstration of support for action on carbon pollution.
BC Hydro encourages their customers to join in this year. Last year stats have BC'ers saving equivalent of 7.8 million 15-watt compact fluorescent light bulbs for the hour. This amount adds up to powering 4000 homes if everyone in BC did this for 1 hour each night.

In Ontario, Hydro 1 will be turning off all non-essential electricity through out the province at their offices.

Even the NHL in Toronto and Vancouver will be dimming their lights while the hockey games play on.

Many events are taking part in Canada , as well as, around the world. Check your local newspapers and google for events near you.

WWF said the number of countries and territories participating has grown from 135 last year to 147 this year.


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

Reverse mortgages an income lifeline for some seniors

Reverse mortgages an income lifeline for some seniors

A great article. For more information, give me a call.

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

Canada’s Top 50 Rental Markets- Courtenay, BC Is One

Canada Mortgage and Housing Corp.’s latest survey of Canada’s rental markets yields some surprising finds and some long-term winners. Rental housing is a hot topic across Canada as house prices rise above what many people can afford, prompting first-time homebuyers to defer a purchase. Add in economic uncertainties, and both tenants and landlords want a property that makes the best use of their money.

For mortgage brokers this is great information . We know  there is enough interest in the rental market and we know that there are alot of people who rent, but with great guidance could afford to buy. Basically we have 3  main clients.
-  wants to buy for their own personal use
-  wants to invest in the housing market
-  wants to rent or does not know that they can buy

The community profiles look at trends in vacancies and monthly rents in each area; the charts and tables show how the communities stack up on a national scale.
A wealth of additional information for each province and what the statisticians term “Census Metropolitan Areas” is available online at www.cmhc.ca, but the following offers a glimpse of what lies ahead for 2012, based on what happened in 2011.

Alberta
Brooks
Calgary
Canmore
Edmonton
Grande Prairie
Lacombe
Lethbridge
Lloydminster
Okotoks
Red Deer
Wetaskiwin

British Columbia
Courtenay
Vancouver Island’s laid-back lifestyle helps support the rental market in Courtenay, which is moving from a resource-based economy to one driven by tourism and supported by the military base CFB Comox. A popular destination for retirees, approximately a fifth of the population is seniors. Vacancies in Courtenay have continued to tighten even as the rental stock as declined, and now average 3.5%. The market is stable, but the demand for new homes will continue to exert pressure on the existing purpose-built rental stock, primarily older buildings.
Fort St. John
Kitimat

Manitoba
Portage La Prairie
Thompson
Winnipeg 

 New Brunswick
Fredericton
Saint John

Newfoundland and Labrador
Grand Falls-Windsor
St. John's

Nova Scotia
Halifax

Ontario
Barrie
Belleville
Brantford
Cobourg
Greater Sudbury
Guelph
Kawartha Lakes
Kitchener-Cambridge-Waterloo
Meaford
Norfolk
Oshawa
Petawawa
Peterborough
Stratford
Thunder Bay
Tillsonburg
Toronto

PEI
Charlottetown

Quebec
Baie Comeau
Saguenay
Québec City
Saint-Hyacinthe
Salaberry-de-Valleyfield
St-Jean-sur-Richelieu
Trois-Rivières

Saskatchewan
North Battleford
Regina
Saskatoon

snippets from an article written by Peter Mitham


 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

St Patrick's Day in Canada

St Patrick's Day is a public holiday in the Canadian province of Newfoundland and Labrador on the nearest Monday to March 17 each year.
This event commemorates the life of St Patrick, a missionary who worked in Ireland and is said to have died on March 17 in the fifth century. He played an important role in converting the inhabitants of Ireland to Christianity. Now, his feast day is an opportunity to celebrate Irish culture.

The most widely-seen St Patrick's Day symbols are the colors green, and sometimes orange, and the shamrock. The shamrock is a symbol of Ireland and a registered trademark of the Republic of Ireland. It is the leaf of the clover plant, which grows on the ground, often among grass and an Irish Catholic symbol of the Holy Trinity. It is sometimes confused with the four-leaf clover, which is a variety of the three-leaf clover and is thought to bring good luck.

If you are looking for a home in the Comox Valley and are hoping for the Luck of the Irish to help you out today, you may want to go to  www.comoxvalleyopenhouses.com .

Good Luck on your search and call me for all your mortgage needs.



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

Shucking Corn-- Clean Ears Everytime

I know, this has nothing to do about mortgages. But it is amazing all the same. How many ways have you tried to shuck corn and still got all those silk threads hanging on to your corn. In this video, the silk threads will be gone with no work involved. No running an elastic band up down the corn cob bruising the corn or what ever method you saw last. This method looks like it works.
I have not tried this method but Ken looks like a guy you can trust. Just look at him.
If you have tried this method, let me know how it works for you.
Here in BC it is March, so fresh corn won't be here for awhile

http://www.youtube.com/watch?v=YnBF6bv4Oe4&feature=share

right click and open in new tab.

Thanks Ken.


Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
1.250.650.4182
akroemer@mortgagegroup.com
kroemermortgages.com
Your Mobile Mortgage Professional in The Comox Valley

CMHC--Buying a House

http://www.cmhc.ca/en/co/co_007.cfm

A video on buying a house and what to expect going through the buying process. The video is very general, so if you have any questions give me a call.




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

1.250.650.4182
akroemer@mortgagegroup.com
KroemerMortgages.com
Your Mobile Mortgage Professional in The Comox Valley

BMO- 2.99% Again

Thank you BMO for reposting that awesome rate again.

I don't have anything close to your advertising budget, so you posting that rate is helping me and my lack of advertising budget.
You see when you post that rate, it gets people talking and thinking about mortgages in general or their personal mortgage. When they start thinking, they start calling and wondering what this is all about. When they call me, I let them know there are better deals out there, sometimes not in rate but in flexibility and in the long run using my Lender could make the mortgage a less expensive option. Most people change their mortgage options within 3.5 years, so it is most important to have flexibility in your mortgage.

So lets break down the BMO offer

BMO 2.99% 5 year fixed
-amortization only 25 years-bigger mortgage payment
-prepayment only 10%-once a year you can raise your monthly payments up 10%, but they must stay raised for the whole year
-prepayment only 10%- only once a year you can pay off up to 10% of the orignal principal amount
-prepayment penalites will apply unless you stay with them
-you must qualify on the posted rate- which is higher and you may not qualify for the 2.99%
-rate is only held for a few weeks

Sounds like a great plan for your mortgage but in reality it is not very flexible and may cost you more in the long run if things happen in your life that you have no control over.(job loss, sickness) Example-- you have raised your mortgage payments up 10% for the year, which may be fine now, but if something happened and money is tight you are stuck with the bigger payment for the rest of the year. With the lender below, you can double up you payments any month and for just that month, giving you the flexibility of having a low mortgage payment with the option of doubling the payment at any time for as long as you like.

What my Lenders offer

Lender- 2.99% 4 year fixed or 3.19% on 5 year fixed or 3.99% on 7 or 10 year fixed

-amortization 30 year
-prepayment 15% on orignal principal on any date in $100.00 increments
-double up monthly payments on any date without penalty as many times as you like
-mortgage transferable to your next property
-you qualify on the sale rate.
-rate is held for months

This product is better than the BMO's product because of the flexibility it allows.

So BMO please keep this advertising campaign up, it only saves me money on my advertising expenses and brings more clients to me. Thanks




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

1.250.650.4182
akroemer@mortgagegroup.com
comoxvalleymortgagestoday.com
Your Mobile Mortgage Professional in The Comox Valley

B.C. First Time New Home Buyers Bonus

NEW PROGRAM
as per government website


An eligible new home includes new homes (i.e., newly constructed and substantially renovated homes) that are purchased from a builder and that are owner-built. The bonus will be available in respect of new homes purchased from a builder where:

- A written agreement of purchase and sale is entered into on or after February 21, 2012;

- HST is payable on the home (e.g., HST will generally be payable if ownership or possession of the home transfers before April 1, 2013 - see further details below);
- and no one else has claimed a bonus in respect of the home.

The bonus will be available in respect of owner-built homes where:
- A written agreement of purchase and sale in respect of the land and building is entered into on or after February 21, 2012;
- Construction of the home is complete, or the home is occupied, before April 1, 2013; and
- No one else has claimed a bonus in respect of the home.

A substantially renovated home is one where all or substantially all of the interior of a building has been removed or replaced. Generally, 90% or more of the interior of the house must be renovated to qualify as a substantially renovated home (90% test).

Amount of the Bonus

MAXIMUM AMOUNT

The bonus is equal to 5% of the purchase price of the home (or in the case of owner-built homes, 5% of the land and construction costs subject to HST) to a maximum of $10,000.

PHASE-OUT FOR HIGHER INCOME EARNERS

The bonus will be reduced based on an individual's/couple's net income (line 236 of your income tax return) using the following formula:
- For single individuals, the bonus is reduced by 20 cents for every dollar in net income over $150,000 (bonus is reduced to zero at $200,000 net income).
- For couples, the bonus is reduced by 10 cents for every dollar in family net income over $150,000 (bonus is reduced to zero at $250,000 family net income).

Additional Information

APPLICATION PROCESS

Individuals must apply for the bonus through the B.C. government. Individuals can apply once application forms have been posted on the B.C. Ministry of Finance website later this year. Applicants will be required to submit documentation demonstrating eligibility for the bonus.

ELIGIBLE NEW HOME

The bonus is available in respect of new homes (i.e., newly constructed and substantially renovated homes) where HST is payable. HST will generally be payable on homes purchased from a builder where ownership or possession transfer before April 1, 2013. Potential buyers should consult with the builder to determine if the home will be subject to the HST.

For owner-built homes, the bonus will be based on land and construction costs subject to the HST. Eligible new homes will include:
- Detached Houses, semi-detached houses, duplexes and townhouses,
- Residential condominium units,
- Mobile homes and floating homes, and
- Residential units in a cooperative housing corporation.



For More Information
INCOME TAXATION BRANCH

Ministry of Finance
Province of British Columbia
Telephone: (250) 387-3332 or 1 (877) 387-3332
Email: ITBTaxQuestions@gov.bc.ca


< Angela Kroemer, AMP Mortgage Professional TMG The Mortgage Group Canada Inc. TMG Sharie Marie Mortgage Team 1.250.650.4182 akroemer@mortgagegroup.com comoxvalleymortgagestoday.com Your Mobile Mortgage Professional in The Comox Valley>

Transfer or Switch Your Mortgage- Legal Fees Paid For You

Transfer or Switch Your Mortgage- Legal Fees Paid For You. Wow this is exciting news. Now what is the catch? There is no catch. Read below for more information on this great deal.

Switch/Transfer Program

This switch/transfer program allows you to transfer your mortgage from another lender quickly and efficiently.


Terms Available:
3,4,5 year fixed and 3 and 5 year VRM

Approved Financial Institutions (to transfer in)
Maple Trust, Firstline, TD, BMO, RBC, First National, MCAP, Scotiabank, HSBC, ING, Laurentian Bank, CIBC, National Bank and PC Financial

High Ratio and Conventional loans are acceptable

Owner Occupied Properties are only eligible

There are no legal fees for you under this program, we take care of the legal fees!

What documents are needed from client?
1. Documents such as income,T4, etc

2. Fire Insurance Policy

3. Mortgage Statement

Call me for more information on this program.


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

1.250.650.4182
akroemer@mortgagegroup.com
comoxvalleymortgagestoday.com
Your Mobile Mortgage Professional in The Comox Valley

Decoding Real Estate Jargon | MoneySense

I found this article funny and in a bizarre way kind of truthful, especially when I am househunting and come across descriptions auctually used like 'glimpses of ocean' or 'cute and cozy'. Hope you enjoy it.


The real estate jargon that’s used to describe homes. From handyman specials to condo alternative, these phrases are often code for less than desirable home attributes.

Thankfully, real estate jargon isn’t limited to just a handful. On a blog post from Biggerpockets.com, I found a long list of adspeak that’s sure to prompt a chuckle for all us homebuyers—more than a few times we’ve stumbled across a home with a “large family room,” a “newly remodeled kitchen,” or a “partial lake/mountain view.”

Here’s a few of my favourites:

Tudor: The house has two attic-style bedrooms, which are not insulated properly. This means you’ll be sleeping in a sauna in the summer, and a freezer in the winter.

Sunny corner lot: The house is located on an intersection—probably a busy intersection which is why they’re trying to turn your attention to the sky.

Easy highway access: Sure it’s easy, considering the street is the equivalent of an arterial route to the highway.

Large family room: Large, open basement that only makes sense if you stick a few couches and a TV down there.

Lots of storage space: The basement is just too small to be considered living space.

Newly remodeled kitchen: The 50-year old cabinetry and faucets were finally ripped out and replaced with cheaper Depot or Ikea equivalents.

Partial lake/mountain view: If you climb up to the roof, you can just get a glimpse.

Storybook charm: The house is old, small and doesn’t have a flat roof.

Cozy bedrooms: Not a single room could fit a full size queen, never mind a king bed!

Must see inside: Means the outside is more than ugly.

By Romana-King-Blog



Angela Kroemer, AMP
Mortgage Professional
TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team
1.250.650.4182
akroemer@mortgagegroup.com
comoxvalleymortgagestoday.com
Your Mobile Mortgage Professional in The Comox Valley

Happy Valentine's Day

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

1.250.650.4182
akroemer@mortgagegroup.com
comoxvalleymortgagestoday.com
Your Mobile Mortgage Professional in The Comox Valley

10 Great Reasons For Using A Mortgage Professional

Thanks for viewing.


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

How To Get $100.00

Would you like to get one of theses crisp pieces of polymer? Anyone sending me a referral for a mortgage product and when the mortgage funds will get one of these. With the money you could buy them the best house warming gift ever. Or spend it on yourself. (anywhere in Canada)

So if you have friends and family that are sitting on the fence about buying a house, send them my way. We can fill out an application, find out the payments and get the home buying started.

Also, this is a great time to refinance your mortgage for a better rate. Even by paying the penalty you still could be saving money. We can explore this option, and if it does not save you money then you don't refinance, but at least you know.

One more option is to lock in to a low 10 year fixed rate.

Any questions?

Email or phone me.



Thank you
Angela Kroemer, AMP
Mortgage Professional
1-250-650-4182
akroemer@mortgagegroup.com
www.ComoxValleyMortgagesToday.com
TMG The Mortgage Group Canada Inc.
TMG Shaire Marie Mortgage Team

Sharie Marie Mortgage Team Wins A Prestigious Award

Last week the Sharie Marie Mortgage Team won Real Estate Company of the Year at the Vancouver Island Business Excellence Awards.

The Sharie Marie Mortgage Team is a team within TMG The Mortgage Group, last year's winner of Brokerage of the Year at the Canadian Mortgage Professional Awards.

"It's an honor for our team to even be nominated, let alone win this huge award," says Angela Kroemer, Comox Valley's Mortgage Professional on the team.

Angela has been a proud member of this team for the past 6 months, and has been so happy to help her clients realize the money saving potential that is within their mortgage.

The Sharie Marie Mortgage Team focuses on educating their clients, and making sure they fully understand all that comes with their mortgage, as so many borrowers tend to overlook the privileges that are available to save them money.

"It's great timing for our team to win this award," says Angela Kroemer, "as with rates as low as they are, almost any home owner can benefit from a refinance right now."

Angela and the rest of the team would like to thank the Business Examiner for choosing them as the recipients of this prestigious award, as well as let the public know that now is a great time for a free mortgage check up.

Let us see if we can save you money!

Call Angela Kroemer to book an appointment.

Congrats to Sharie and our Team !!!!!!!!!














Thank you
Angela Kroemer, AMP
Mortgage Professional
1.250-650-4182
akroemer@mortgagegroup.com
www.ComoxValleyMortgagesToday.com

TMG The Mortgage Group Canada Inc.
TMG Sharie Marie Mortgage Team

Comox Co-op makes ‘significant donation’ to Wheels for Wellness

Comox Co-op makes ‘significant donation’ to Wheels for Wellness

Wheels For Wellness helps 10000 people a year from the Comox Vally. They have a fleet of 15 vehicles.
There are 26 volunteers helping all year long.

What a caring organization.

Thank you
Angela Kroemer, AMP
Mortgage Professional
1.888.679.0190
akroemer@mortgagegroup.com
www.ComoxValleyMortgagesToday.com
TMG The Mortgage Group Canada Inc.

Is It Time To Get Locked In At The 10 Year Fixed Rate?

There is a great reason to get into the housing market right now. The 10 year fixed Mortgage rate is available for under 4%. Which is unheard of in the history of mortgages in Canada.

Depending on how the housing market goes in the next few years, will be the indicator if you can afford your payments. If you are getting into the housing market now with the low rates and locking in for 2, 4 or 5 years. Will you be able to afford the payments once you renew with higher rates?

If you choose the 10 year low interest rate now then you will have 10 years to pay on the mortgage and by the time you need to renew to higher rates , hopefully your house will have increased in value, making your equity in that house so much more. You will also have 10 years of payments and prepayments towards the mortgage.

Low mortgage rates give you low mortgage payments. If you have tried in the last 5 years to get a mortgage and were declined because of your earnings, then now would be a great time to try again.

Most Banks will not give you the lowest rate because they bundle up their mortgages and sell to investors. Please call a mortgage professional (me) to get the best rates for the 10 year fixed mortgage.






Thank you
Angela Kroemer, AMP
Mortgage Professional
1.888.679.0190
akroemer@mortgagegroup.com
www.ComoxValleyMortgagesToday.com
TMG The Mortgage Group Canada Inc.

Long-term mortgage rates have dropped to the lowest point in Canadian history

Lock in your Rates !!!!!

Note: 10 year fixed rates also lowest in history. Mortgage brokers have the lowest rates for the 10 year as banks will not do them at a great rate.

Long-term mortgage rates have dropped to the lowest point in Canadian history — and the stampede to lock in is expected to pick up.

Bank of Montreal became the first major Canadian financial institution to bust through 3%, with its 2.99% closed fixed rate mortgage for five years. Others are sure to follow.

If five years isn’t long enough for you, ING Direct has weighed into the current mortgage discussion with a 10-year fixed rate product at 3.89%. The added bonus of going longer than five years is that under Canadian law after half a decade you can break your mortgage for as little as three months’ interest.

TD Canada Trust, which had already lowered rates on six and seven-year fixed rate terms, now has lowered the four-year fixed rate to 2.99%. Farhaneh Haque, director of mortgage advice and real estate-secured lending at the bank, says the argument has never been stronger because there is no guarantee these deals will be available in two years. The two new deals from TD and BMO are limited time offers.

“Buyers have to evaluate if they want to stay in variable,” says Ms. Haque, suggesting even those with deep discounts might want to consider scrapping those deals to take advantage of the historical bargains.

It’s hard to argue against locking in, unless you are one of the lucky people with a variable rate mortgage tied to prime that came with a whopping discount. Some consumers have deals with as much 90 basis points off prime, meaning they are borrowing at 2.1%. That’s not the same as negotiating today when you’re only get 10 basis points off or 2.9%.

“You’ve got a dinosaur, you are living in Jurassic Park with something that doesn’t exist anymore. You can’t get that again,” says Vince Gaetano, a principal broker at Monster Mortgage, who suggests you keep the low rate and use the savings to pay down your mortgage as fast as possible. “You cut your mortgage in half and you don’t care as much what the interest rate is when you renew.”

Mr. Gaetano says keep on eye on some of the new products and stipulations that might include things like prepayment terms and amortizations.

Bank of Montreal’s new product demands you get a 25-year amortization, instead of the maximum 30 years, and will only let you pay 10% per year of the original mortgage amount. TD Canada Trust’s new four-year product will let you prepay 15% while ING Direct goes as high as 25% prepayment.


Garry Marr Jan 15, 2012 – 7:00 AM ET |

Please call me for rates as they are changing daily.



Thank you
Angela Kroemer, AMP
Mortgage Professional
1.888.679.0190
akroemer@mortgagegroup.com
www.ComoxValleyMortgagesToday.com

TMG The Mortgage Group Canada Inc.

CHIP Home Income Plan - Reverse Mortgage

Living in the Comox Valley is truly wonderful. So many things to do, so many things to see.
The downside to living here is everything is so expensive. It is okay while you are working and can make a decent wage, or for many people work extra hours to make extra money to do the activities they want.

But once you retire, well that is a different story.

Pensions don't increase at the speed that everything else increases. Was listening to the news the other day and medical went up, property taxes are going up, gas tax going up. Just how does a person on a fixed income make do if they cannot earn anymore money?

The other downside to living here is the medical. If you get sick, the reality is that you have to travel to Victoria to see a specialist, to get medical treatment that they do not do in the Comox Valley. The travelling can be several times a month or several times a year. That extra money for traveling eats into the cash the pensioner may have.

Also, our medicare is cutting down on the items it provides. Now everyone is faced with extra bills for the medical items that medicare will not cover anymore. Even if your doctor says you have to have them.

Stock market -- Thinking that your returns will be at least 5% and finding out that it is only 1%, if you had anything left after all those crashes. So much for that extra income in your retirement years.

The solution can be a CHIP Home Income Plan - Reverse Mortgage if you own your own home. It allows you to stay in your home while getting income from your home to help with all those extra expenses. In the last couple of years there has been an increase of pensioners looking to the CHIP program to get them extra income to live on.


SOME HIGHLIGHTS of the CHIP Home Income Plan - Reverse Mortgage are:



A CHIP Home Income Plan is a reverse mortgage secured by the equity in your home. Unlike a traditional mortgage in which you make regular payments to someone else, a reverse mortgage pays you.

The big advantage with CHIP is that you do not have to make any payments – principal or interest - for as long as you or your spouse live in your home.

A CHIP Home Income Plan is designed exclusively for homeowners age 55 and older. This age qualification applies to both you and your spouse.

You can receive up to 50% of the value of your home.

You can choose how you want to receive the money. CHIP gives you the option of receiving all the money you're eligible for in one lump sum advance, or you can take some now and more later, or you can receive planned advances over a set period of time. You can even combine a lump sum advance at the beginning with ongoing advances over time.

You receive the money tax-free. You can use the money any way you wish.

No payments are required while you or your spouse live in your home. The full amount only becomes due when your home is sold, or if you move out.

You maintain ownership and control of your home. You will never be asked to move or sell to repay your CHIP Home Income Plan. All that's required is that you maintain your property and stay up-to-date with property taxes, fire insurance and condominium or maintenance fees while you live there.

You keep all the equity remaining in your home. In our many years of experience, 99 out of a 100 homeowners have money left over when their CHIP Home Income Plan is repaid. And on average, the amount left over is 50% of the value of the home when it is sold.

Your estate is well protected. We guarantee that the amount to be repaid will never exceed the fair market value of your home at the time it is sold. If your heirs want to keep your home, they can repay the CHIP Home Income Plan from other funds.



If you would like to know more about the CHIP Home Income Plan - Reverse Mortgage, give me a call or email me.



Thank you
Angela Kroemer, AMP
Mortgage Professional
1.888.679.0190
akroemer@mortgagegroup.com
www.ComoxValleyMortgagesToday.com

TMG The Mortgage Group Canada Inc.

Use RRSP's For Down Payment

Are you making good money, but don't have a down payment?

Are you a First Time Home Buyer?

You are in luck.

What you can do is go to the bank and get a loan for your RRSP contribution. If you do not know your limit then you can look on your last year's notice of assessment, it will give you the maximum RRSP limit that you can buy.
Once you have the loan for the RRSP, you can buy a house under the First Time Home Buyer program.
You use the RRSP as a downpayment up to $25,000.00 per person. You do have to pay this back to your RRSP account with in 15 years paying a portion each year.

You pay on the RRSP loan monthly just like a regular loan. When you do your Income Taxes you should get a rebate for buying the RRSP's. What you can do with this rebate is to pay part of the loan off thus decreasing the amount of interest of the loan.

Any questions, let me know.

Thank you

Angela Kroemer, AMP
Mortgage Professional
1.888.679.0190
akroemer@mortgagegroup.com
http://www.KROEMERmortgages.com

TMG The Mortgage Group Canada Inc.








Pin It

Dropping Rates

New rate just in:

3.25% is available with 40 year amortization feature. Must have 20% down and close by end of Feb.



While the interest rates are on the rise, some Lenders have specials on until the end of
February.

The clients that can get these rates are clients buying homes or clients switching Lenders to get a better rate.

For a free consulation, contact me. I can tell you what rate you would get, how much you would save over the course of your mortgage and how you can shorten the length (in years) of your mortgage.

This service is free and without obligation. oac.


Thank you

Angela Kroemer, AMP
Mortgage Professional
1.250.650.4182
1.888.679.0190
akroemer@mortgagegroup.com
www.ComoxValleyMortgagesToday.com
TMG The Mortgage Group Canada Inc.