If you are a first time buyer and thinking about buying a home here in the Annapolis Valley (or anywhere else in Canada) in the future, there are some rules that are about to be enacted that may affect you. The mind set behind these new rules is to insure that the first time buyer is not taking on too much debt load. From selling Real Estate over the years I have seen the ...
Posted by Lisa Giancarlo
on February 18, 2010
With interest rates at an all-time low, many Canadians are taking advantage of the savings by refinancing their mortgages to consolidate debt, make home renovations, invest in real estate or other ventures, or moving up the property ladder.
Following are ways to take even further advantage of this excellent rate environment by paying down your mortgage faster.
Tip #1
Prepay early in the ...
Posted by Cathy Doucette
on February 3, 2010
Last year was definitely a strange year!
Consumer confidence was iffy, when there was confidence with the buying public, many of them were turned down for mortgages even after being 'pre-approved' prior to purchasing a home. Lenders were very conservative in their lending, so it would seem. Buyers who might have previously been good to go, were turned down for financing.
The last quarter of 2009 ...
Posted by Kevin Stacey
on January 12, 2010
It is winter time in the Beautiful Annapolis Valley and this past week or so we’ve had lots of snow and reasons to celebrate with family and friends. With the shorter and colder days, we all look forward to getting home to a cooked meal, the following recipe takes minutes to prepare in the morning, add some veggies and a loaf of crusty bread and maybe a salad-you’ll be hoping there is leftovers ...
Posted by Linda Schofield
on January 5, 2010
In light of the current market and tightening of credit underwriting standards by both lenders and mortgage default insurers as of late, keep in mind that now - more than ever - it's important to be careful what you do between the time your mortgage is approved and when it funds. A few mortgage lenders and insurers have been doing something lately that they have not done in a long time, and ...
Posted by Cathy Doucette
on May 6, 2009
Leading up to the holidays is the perfect time to think about things like improving your credit score and consolidating debt. After all, the holidays are a joyous time that should not be overshadowed by financial woes. And even if your credit score is good, these tips may make it even better. After all, the better your credit score, the fewer hurdles you'll have to overcome when looking to renew or ...
Posted by Cathy Doucette
on December 17, 2008
Changing economic market- Good or bad time to buy?
Does this mean that it is a terrible time to buy a home? Definitely not. What it does indicate, though, is that it is crucial to keep a firm grip on your financial situation to avoid the kinds of potential problems that can occur in a changing economic market:
House poor. By putting too much emphasis (and income) into buying a home, you may be ...
Posted by Cathy Doucette
on November 26, 2008
Anyone buying and selling Real Estate in the Annapolis Valley will notice some recent change in the process. Due to the new Anti-Money Laundering Legislation that the Government of Canada put into effect June 23, 2008, you will be required to show two pieces of ID at the signing of any documents. The information is held at our office and would only be seen by a government official from ...
Posted by Cathy Doucette
on July 30, 2008
In 1986, we drove across this vast country of ours to partake in the festivities of Expo 86 held in Vancouver, B.C. What a wonderful trip!
We were impressed with all of Canada's natural beauty and with the different cities, towns, and villages we had the chance to see up close. We explored Old Quebec ...
Posted by Cathy Doucette
on July 8, 2008