Tips For FirstTime Homebuyers
(NC)—Near record low interest rates are opening the doors of homeownership for many Canadians. “This may be the perfect time to consider purchasing a home,” says Gail Kassie, Director, Mortgages and Home Financing Products, BMO Bank of Montreal. “With the variety of mortgage terms and options available, as well as low interest rates, more people are finding that they can afford to purchase a home.” Kassie recommends the following “to do’s” for first-time homebuyers:
- Find out how much you can afford, before you begin house hunting, with a pre-arranged mortgage. You can visit with a mortgage expert or try the online tools and applications that many financial institutions offer to help you determine what you can afford and what your monthly payments are likely to be.
- Keep in mind that if your down payment is less than 25 per cent, you need to budget for a one-time premium to insure your mortgage against default. While your down payment can be as low as five per cent, the lower your down payment, the larger the principal amount that you have to borrow and that means a larger overall interest cost. Conversely, the larger your down payment, the less your home will cost you over the life of your mortgage.
- Budget an additional three to four per cent of the price of your home for additional up-front costs such as land survey fees, house inspection fees and land transfer tax.
- Look for flexible mortgage options. For example, the ability to skip a payment or suspend payments for a few months can help you manage your monthly cash flow in an unexpected emergency.
- View your home as an investment. Consider its location and accessibility, the average cost of other homes in the neighborhood, and, if renovations are required, whether or not you’re likely to recover the renovation investment if you sell your home in the future.
“A sure way to find the best mortgage is to meet with a mortgage expert,” adds Kassie. “That way potential homeowners can review all of their options with an experienced professional and they’ll understand exactly what they can afford before they start looking for a home.”
Information provided by BMO Bank of Montreal. For more information on or to find out your home financing options drop by any BMO Bank of Montreal branch or visit www.bmo.com/mortgage.
- News Canada
News Canada provides a wide selection of current, ready-to-use copyright free news stories and ideas for Television, Print, Radio, and the Web.
News Canada is a niche service in public relations, offering access to print, radio, television, and now the Internet media, with ready-to-use, editorial “fill” items. Monitoring and analysis are two more of our primary services. The service supplies access to the national media for marketers in the private, the public, and the not-for-profit sectors. Your corporate and product news, consumer tips and information are packaged in a variety of ready-to-use formats and are made available to every Canadian media organization including weekly and daily newspapers, cable and commercial television stations, radio stations, as well as the Web sites Canadians visit most often. Visit News Canada and learn more about the NC services.
Previous Articles Highlighter:
9 Things You Must Do To Maximize Your Chances Of Obtaining A Small Business Loan (1)
Again produced from your accounting software.8. Accounts receivables (debtors) and payables (creditors) ageing reports.9. Principals financial statements. – Particularly required if some form of security is necessary.If you are a new company, the emphasis is going to be on your business plan , and the security (also called collateral) you or your business can provide against the loan.You must take the time to practice presenting your case to the bank or lender to iron out any glitches.
High Interest Rate Auto Loans (2)
I have another idea you may not have considered. HAVE YOU CONSIDERED? Have you considered just putting the balance of your car loan on a credit card that has a lower interest rate?
Are You Set Up For Success (3)
Add your own personality to your business and let it grow.Here’s to you and your success. Today, not tomorrow!2004 © Born-Again Bargainshttp://www.bornagainbargains.comCraig Binkley – husband, father and home business owner assisting in the restoration of the “traditional” family through home business ownership.http://www.bornagainbargains.com
Show Your Prospects How Much Enthusiasm You Have For Your Product And Business (4)
Build your opt-in list by allowing your visitors to sign up for a free e-zine, ebooks, software, contests, sweepstakes, etc.7. Give your prospects or customers a breath of fresh air.
Internet Provides Wealth Of Information On Car Maintenance By ARA Content (5)
Common questions, ranging from how and when to check tire pressure to why "cold cranking amps" in your car battery are important, are answered in this section of the site.
Business Partners Marital Partners Will The Marriage Survive Part 2 (6)
If not, join a group that interests you. It will allow you to meet with others who are not connected to your business. Running a home-based business can be very lonely; getting away from the home, and having outside interests is imperative.In addition to the problems inherent to couples running a business, starting a home-based business presents its own set of problems and questions.
Why Choose A Secured Loan (7)
You simply select a monthly payment that fits in your current circumstances. Generally, secured loans tend to be cheaper than unsecured loans and other forms of borrowing. The interest rate for a secured loan depends upon various factors such as the amount of money you borrow, the length of time and personal details.
Avoiding Credit Card Traps (8)
It’s that small, folded paper written in legalese that you promise to read some other time (but of course that time never comes) or you just discard it with the other “junk” inserts.
3 Tips For A Great Summer Developing Life Business While Having A Blast (9)
If you can integrate the two...all the better. Have the kids help with housework...blast the music, dance around, and get the job done...or create a race. Know the actions you will take so there is no time wasted wondering what to do when.
How To Write A Business Plan In Five Steps (10)
Or, "How do I make my plan attractive to lenders and investors?". The simple answer is that lenders and investors (I'll call them "readers" from here on out) are looking for "good deals".
Brand Your Consulting Brilliance (11)
Build and sustain credibility with clients by strengthening your client relationships, developing a client retention strategy, demonstrating that you value your new clients, and going the extra mile for them.
Are You Too Busy For Your Kids (12)
I know from personal experience.. My eldest child turned 21 last week and next year my son goes off to high school. I am so grateful that I have played a major role in their upbringing and regardless of how busy my schedule has been, I have always made my family the highest priority.
Getting Software Developed For Your Business (13)
This is because amateurs are afraid that they won't be able to complete the project in a reasonable amount of time, so they want reassurance that they'll be paid for their time in any situation.
Build Don’t Blow Your Annual Bonus (14)
If paying off a debt, like your mortgage, will prevent you from capitalizing on an investment opportunity, you need to determine which will pay you the most in the end.
Small Business Ideas Your Image Can Lose You Business (15)
Wasn't it more important to focus his attention on this potential sale? He could have checked his phone when he left.John did measure up for the blinds and provided a quote which compared to Mary's one was $600 cheaper.
The Car Insurance Rate Calculation Explained By Andrew Bowen (16)
The Car Insurance quote you get through the http://www.acceptdirect.co.uk website will look at lots of different Car Insurance prices from lots of companies. That way you can get the best possible price for your profile.Copyright (c) 2004 Accept Direct Limited http://www.acceptdirect.co.uk Andrew Bowen is the CEO of Accept Direct Limited.
Universal Success Secrets Shared (17)
8. Live your word. Lead by example. 9. Share. (Wealth + Information + Glory = Success) 10. You have the best chance of reaching a goal by simply giving yourself one to reach.
Tips To Energize Your Presentations (18)
Thank you.COPYRIGHT: ©2004 by Sandra Schrift. All rights reservedArticle URL: http://www.schrift.com/article_37.htmArticle Autoresponder: article-037@schrift.comSandra Schrift 13 year speaker bureau owner and now career coach to emerging and veteran public speakers who want to "grow" a profitable speaking business.
Start Up Your Passion Startup Ideas From My HomeBased Business Advisor (19)
Remember, being a full-time mother and housewife (it's not a bad word, you know) is a job in itself. Again, what do you do every day without even thinking about it?
What Are Ringtones (20)
The websites vary in that some allow you to purchase specific ringtones while others offer subscriptions that allow you to download an unlimited number of ringtones. When you locate a ringtone be sure to first ensure that it will work with your cellular model phone and that the site is respectful of the artists copyright.
Newer Articles Highlighter:
Why And How To Work With A Consultant (1)
Also allow for any costs associated with materials, transportation, or other expenses that a consultant may need to pass on to you. Clarify how expenses will be handled.Clarify the timeline for the project.
5 Things You Must Do To Fail In Business (2)
It takes a team effort to make any business successful. Even if you are the only member of your business, be ready to listen to what others have to say, and keep an open mind.3 You must be convinced there is nothing new to learn.
The Art Of Being Specific Encourages Focus (3)
I wanted Rothline Entertainment to start out big; offering video games, movies on DVD, card and board games, and anything remotely related to entertainment. My ideas were overwhelming and deciding where to start was difficult.Like any new business with a limited budget I needed to start small, be specific, and be focused.
Virtual Assistance Higher Productivity (4)
But, generally, an off-site assistant can help with almost any office task that requires completion.Hiring a VA provides you with numerous benefits, not just the fact that they are already trained and that they have their own equipment to work with, but also that they are available whenever you need some help.
BOOK REVIEW Performance Of Financial Institutions Efficiency Innovation Regulation By Patrick T Harker And Stavros A Zenios (5)
Due to the fact that the book is written by two academics, it is a well-researched book with many real life examples involving financial institutions in various countries.The book is dividend into various sections such as: What drives the performance of financial institutions; Drivers of performance: Identification, Specification & Measurement; Environmental drivers of performance and finally, performance and risk management.Though the book is well written it is more geared towards persons involved in research in the financial management sector rather than your ordinary layman.
Never Get Lost Again - Map Reading Is A Thing Of The Past By Niall Kennedy (6)
Do you spend lots of time planning routes and checking maps on the road. You don't have any more with a Magellan RoadMate.I work in the film industry, scouting locations for possible shooting.
Where Is Our Largest Technological Plan (7)
After all, those entrepreneurs created the successful United States, therefore we need only to repeat the recipe. For ever.--Publishing Guidelines: You may publish my article in your newsletter, on your website or in your print publication provided you include the resource box at the end.
What Is A Secured Loan (8)
Lenders can be more flexible when it comes to secured loans, making a secured loan possible when you may have been turned down for an unsecured loan. Secured loans are also worth considering if you need a new car, or need to make home improvements, or take that luxury holiday of a lifetime.Benefits of secured loans include: Lower monthly repayments than unsecured loans The ability to borrow more money Spread repayments over a longer period of time More detailed information.......A secured loan is a type of loan available to people with securable assets.
What 8 (9)
6: Inventory When You Need ItInventory that sits in the warehouse, not being sold for income, eats away at your available cash flow. It is an asset, sure, but it should not become a liability because it is not quickly converted to cash.
How To Change Your Car39s Motor Oil By Stephen Bucaro (10)
What kind of oil should I use? You are not going to save money by using an off-brand oil because your engine will wear out sooner. Use oil that meets the American Pertroleum Institute (API) classification SL.
Multiple Channels Multiple Times (11)
Abbott writes and publishes Abbott's Communication Letter. Each week subscribers receive, at no charge, a new communication tip that helps them lead or manage more effectively. Click here for more information: http://www.CommunicationNewsletter.comabbottr@managersguide.com
The Best Things In Life Are Rarely Things (12)
It got it got me to thinking as well, and to ask this question that I share with you now:How would I live my life differently, if I lived it only for me?
Drivers Of SUVs Saving Big Money With Diesel Engines By ARA Content (13)
There is an alternative, however, for drivers of big vehicles to consider: diesel engines. Diesel engines like the Power Stroke Diesel in Ford F-Series Super Duty pickups are specifically made to provide better mileage -- 30 percent in most cases -- and have more pulling power than gas engines, which is why they are especially popular among those hauling camping gear or towing boats, RVs and horse trailers.
Bankruptcy Basics (14)
Chapter 7 Bankruptcy and Chapter 13 are legal proceedings that are available to a person to cope with a financial crisis. Personal bankruptcy must be filed in a federal bankruptcy court.
Retreads The Highest And Best Use For A Worn Tire By ARA Content (15)
Most people don't know that tires contain a very large percentage of synthetic rubber, which is petroleum based. Every time a truck tire is retreaded there is a savings of approximately 15 gallons of oil.
South Beach Diet Effects On Sales (16)
In the top of preferences, poultry comes first, followed by beef and pork. The sales of beef also boasted significantly and the variety of the products offered for sale increased accordingly.Fish industry is certainly favored by the South Beach Diet, but apparently seafood is friendly to all diets.Another boost in sales was registered by the producers of “Laughing Cow” cheese, warmly recommended during the diet.
After The Sale By Kevin Schappell (17)
If you bought a car with an automotive transmission there will be a dipstick for the transmission fluid also. Find the spare tire and jack. Make sure you know where to jack the car when changing a tire and how to remove the spare when you need it.
Smart Choices How To Hire The Best (18)
Then make up a scale from 1 to 5, with 5 being the highest rating. Rate each candidate from 1 to 5 on each of the job requirements or competencies.
Your Administration TeamLook After Them (19)
It was the flexibility and appreciation. Although her boss was pleasant enough, he just didn't understand that there is more to working with someone than just paying their wages.The Final WordWhen employing staff make sure they are the right fit.
Writing One Or Two Line Ads (20)
When you scan do you just look for the jist of the ad? Do you get bored because of all the yada, yada, yada? How long is your attention span?