Sunday, July 31, 2011

2nd Bear Sighting in BC

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Yes I forgot to attach the video so here we go again.  He walked within 10 feet of the window we where standing at.  Most people go to zoos to see bears in cages, but the Grants go to the wild and see bears from the safety of a home.  What better can it get than that.  Well it got better with two more bear sightings during our dinner and a coyote just before dinner.

THE GRANTS  

Connie Grant
Broker, ACCI, FCCI, CRES, CMOC
RE/MAX Hall Of Fame 

 
Fraser Grant
Broker, CPM, FRI, CMOC, CRP, ACCI, FCCI
RE/MAX Hall Of Fame 

RE/MAX Centre City Realty Inc., Brokerage
675 Adelaide St. N.,
London ON  N5Y 2L4

Phone 519.667.1800
Fax     519.667.1958
Toll Free 1.800.667.1801
Email:  sales@the-grants.com 
Web Page: www.the-grants.com

Saturday, July 30, 2011

1st bear encounter @ our son's in BC

This just great. Great weather. Relaxing with adult. Pops. Have a terrific holiday weekend. The Grants

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Please excuse my spelling and brevity. Sent from my iPhone

Thursday, July 21, 2011

London Real Estate - The Grants are Talking Condos On Radio Saturday

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THE GRANTS  

Connie Grant
Broker, ACCI, FCCI, CRES, CMOC
RE/MAX Hall Of Fame 

 
Fraser Grant
Broker, CPM, FRI, CMOC, CRP, ACCI, FCCI
RE/MAX Hall Of Fame 

RE/MAX Centre City Realty Inc., Brokerage
675 Adelaide St. N.,
London ON  N5Y 2L4

Phone 519.667.1800
Fax     519.667.1958
Toll Free 1.800.667.1801
Email:  sales@the-grants.com 
Web Page: www.the-grants.com

  

 

Saturday, July 9, 2011

Tiger Lilies in our back yard

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This makes gardening worth every drop of swet.  We live in the greatest city in Canada - London.

Saturday, July 2, 2011

Down Payment Basics | TheRedPin Pulse: Where the Canadian New Homes Have a Heartbeat







Home » Canada » Down Payment Basics






























Down Payment Basics










By Sandra Grywul on Jun 26, 2011 in Canada, Mortgage








downpayment1 Down Payment BasicsThinking or purchasing your first home??? It???s an exciting time, and requires research.?? Once you know??the amount??of mortgage you qualify for,??you will??determine??the amount of your??down payment.

Consider these down payment options:

  • No Down Payment:?? Some Lenders offer incentives such as??5% cash back at closing. Your??only monetary requirement is to??provide the??closing costs.?? Closing costs??are usually 1.5% to 4%??of the Purchase price.?? This option is always priced higher, meaning the interest rate will be higherthan if a 5% (+)??down payment is made.?? It also requires perfect credit, and the applicant must be employed by an employer.????This option will make your home ownership expensive.?? Take into consideration??the higher rate, and add to that the highest premium paid for mortgage insurance.
  • 5% Down Payment: You must be employed by an employer.?? You must also have good credit, with no slow or late payments on credit within the last 2 years, or derogatory judgements, collections, etc.
  • 10% Down Payment: You can be either self-employed or employed.?? Your credit??must be good, again without any derogatory reporting within the last 2 years.
  • 20% Down Payment:?? This option is ideal.?? In most cases it means you will avoid paying mortgage insurance.?? You can get a mortgage if you have perfect, or less than perfect credit.?? If your credit rating is on the lower side, you will pay a higher interest rate.

The options listed above are for a single family dwelling purchased as your primary residence.?? If you are in bankruptcy during the time you would like to purchase, or are purchasing a multi-unit home, or investment property,??the down payment requirements will be adjusted accordingly.

A down payment can be made using personal savings or investments, gifted from an immediate family member, or borrowed.?? If you are borrowing the down payment from credit card, or line of credit, the Lender will evaluate the application to ensure the ratios are still in line according to their policy, calculating the new payment based on the higher balance of the account being borrowed from.?? You must also show you have access to 1.5% to 4% of the purchase price to cover the closing costs.

Lastly,??a Lender requires proof of down payment sources.????When??using personal funds keep balances untouched for a period of 3 to 6??months.?? That said, if you have transferred funds, or have large deposits??the Lender may still approve, but??will request proof of??source of funds.

It’s ideal to meet with a bank rep or mortgage professional to ensure you are saving, or have access to the correct amount of down payment.?? Research your options and consider the purchase price you will qualify for, and set a plan accordingly.























































About the Author










Sandra Grywul, Mortgage Broker, Principal Broker (License: #M08000313) & Owner of Always A Mortgage Corp., Brokerage (License: #11986), Columnist for Condominia Magazine, Blogger for TheRedPin. Sandra???s blog topics for TheRedPin primarily focus on Mortgages, Consumer Debt & Personal Finance.







































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