Help Your Home Stand Out
Posted on Mar 10, 2020
Buyers want to see the details of your home, so ensure that they get a great view.
I suggest you pack up anything you do not use on a regular basis. This list should include your family photos, your extra dishes in the kitchen cupboards and those little knick-knacks. By doing this you also show that your home has a lot...
First Home Incentives
Posted on Nov 20, 2019
Do you know of a renter who is keen to own his or her own home? Their first home purchase may be closer than they think. The federal government unveiled a new housing plan called: The First-Time Home Buyer Incentive.
- The incentive would allow eligible first-time home buyers with household incomes of under $120,000 a year, who have the minimum down p...
Wasaga Beach Bingo
Posted on Mar 15, 2019 in Events
Cancelled due to Covid 19
Every Friday Night at the RecPlex in Wasaga Beach presented by the Wasaga Beach Lions Club
Jackpot prizes - Attendance 155 and over - $5,000 - Under 155 - $4,500. Under 140 - No Consolation prize.
Wasaga Beach RecPlex
1724 Mosley Street
Wasaga Beach, Ontario
Located on Mosley Street at 42nd Street S.
5:30 P.M. - Doors open
6:00 P...
Annual Percentage Rate (APR)
Posted on Mar 13, 2019 in Terminology Tips
Terminology Tip
The APR is an interest rate reflecting the total cost of a mortgage for a whole year (annualized), rather than just the contract rate.
The APR includes all loan costs, such as origination and processing fees, in addition to the interest rate, allowing the borrower to compare different types of mortgages base on the annual cost for eac...
Loan to Value Ratio
Posted on Mar 13, 2019 in Terminology Tips
Terminology Tip
Loan-to-value (LTV) is a term used by lenders to illustrate how much the homeowner owes on their mortgage compared to the value of the home. For example, if someone purchases a property for $100,000, and has a $20,000 down payment, their mortgage would be $80,000, or 80% of the value of the home - an LTV ratio of 80%. The loans LTV i...
What Exactly is a Gift Letter
Posted on Mar 13, 2019 in Terminology Tips
Terminology Tip
GIFT LETTER
This is a letter stating that the gift giver, typically an immediate family member, is making a gift of a specific amount to the gift receiver for the purpose of a down payment on a home.
Check with your lender for their specific requirements, but typically the letter must state the amount of the gift, the subject property...
