Evergreen Is Still A'comin
  
Babcock & Axford Group Services
Not long now before local Port Moodyites see the convenience of the new Evergreen Line expected in the fall of 2016.
When others who live out of the area find out they'll rush in to enjoy it. Thankfully, the demand will outstrip the supply and the values will rise again. What a great retirement nest egg.
You'll love the urban areas of Klahanie, Suter Brook, and Newport Village. You can buy now, and rent it out until you want to move in, or choose to sell for capital gain. Call me, 604 230-9392 to take a look.
See the link above to see our sales and rental services.
Dog Rescue Needs A Shelter
Dog Rescue Donation
OK. I am one of those older people you see walking a dog.
We've had Misty, a female, 13.8 pound cross (used to be called a mutt) for about 7 years. My stepdaughter is big on helping rescue dogs and I believe it is a very could cause. The Dog Rescue Society is on line. Check it out at... http://www.dogwaydogrescue.org/
It is NON PROFIT & NEEDS A NEW SHELTER to house stranded and injured pets before they find new homes. I want to donate a portion of any real estate or financing fees I earn to help them gain the cash to build the shelter they need. Call me at 604 230-9392 to assist you with your financing or real estate work and I'll make a donation in your name from each transaction to help build that shelter. Let's work on it together.
Here's what the Society says they're about ...
At DOGWAY, we believe that dogs are sentient beings, capable of feeling "human" emotions such as fear, pain, joy, love and sorrow. Dogs provide their human companions with unconditional love and absolute loyalty and deserve to be treated as members of the family.
PLAN EARLY TO RENEW YOUR MORTGAGE
How does Prime (2.85%) -.65 = 2.2% sound??? (as of Feb 26th '15)
DO THE MATH - Take your outstanding balance on your mortgage and multiply by 379.20 per $100,000. to get a monthly payment.
EXAMPLE: You owe $240,000 ($379.20 X $2.4 = $ $910.08 per month)
Pay every 2 weeks $455.04 (accelerated bi-weekly) and save $10,581.60 in interest over the 30 year amortization of your mortgage.
Add any other debts - PLC or CC debt etc. to your mortgage and REDUCE MONTHLY DEBT.
REMEMBER. You are spending after tax money on your mortgage. If you can save on interest and shorten the life of your mortgage then you have more to spend on other things. You'll be less house-poor.
Call me 604 230-9392 for a No Obligation 2nd Opinion.
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Port Moody Suites Offer Skytrain & Convenience
Apts in Port Moody - Feb '15
Looking for a place to call home with local charm?
Want easy access to transportation options like the Evergreen Line?
Want lock and leave convenience?
Out of town sometimes and don't want any security hassle??
Pick a suite in the urban area of Newport Village, Suter Brook, or Klahanie. Lots of choices. See link above for suites FOR SALE NOW Feb. 26th 2015
We also provide property management services. We see suites that come up for sale before the listing hits the market..
Call me 604 230 9392. Let me know what you're looking for.
BURKE MOUNTIAN
Townhomes Burke Mountain Feb 26 '15
You think, "BURKE MOUNTAIN" and think about skis or climbing gear. Not so.
Lots of new homes being built. Approx. 2200 new home addresses in the area.
See the new 4 bedroom homes with 3500 - 4000 sq. ft. that sell for $900k - $1100k.
They offer vaulted ceilings, open plan designs, high end plumbing/lighting, etc., and, LEGAL 2 BEDROOM SUITES that rent for $1,200. - $1,300. per month. Ideal as a mortgage helper or work well for Mum & Dad.
Call me at 604 230-9392 to take a look.
You'll Love Bunzen Lake, so close to Port Moody
Buntzen Lake Brochure - 2
Buntzen Lake Trail Brochure
Buntzen Lake Trail Map
Most people drive for hours to get out of the city to find a place to sit on the grass beside the lake or stream to unwind.
Folks in the Port Moody area have trails, lakes, and streams. All within a 15 minute drive. YOU CAN TAKE A BUS FROM THE NEW EVERGREEN STATION AT SUTER BROOK.
See the attached trail map and trail brochure . You'll love this place to sit and stare. It feels like being 1000 miles away from the city.
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Evergreen Is A'Commin
Evergreen Transit Line
When the line is done you'll be able to take a community bus to Translinks Evergreen Stations, and be at the Vancouver International Airport faster and so much cheaper than you could ever drive.
Wow. Imagine, get the good value of Port Moody with its natural environs and transportation convenience as well.
Walk To Transit From Port Moody Condo Apts.
What do Condos cost in Port Moody
OK. So you're on your own, or, you and the better half only need a 2 bedroom suite but you want all the conveniences. Guess what? You can have it all in Port Moody - trails, beaches, shopping, and easy access to transit. Be downtown via West Coast Express in 25 minutes.
Most Folks Need Their Mortgage ...
Renewal Considerations
to carry on with home ownership, buy a new one, or trade up.
However, most folks
DO NOT BOTHER TO CONSIDER THEIR OPTIONS WHEN RENEWAL DATE COMES UP.
You must know that banks like to renew a mortgage at closer to posted rates than the initial rate. WHY? They want to increase their profit margin on your loan.
Take a look at a second opinion. Compare the cost of early discharge penalties and you'll understand that there's a lot of truth to the horror stories you've heard.
Call me at 604 230-9392 if I can help. A second opinion will not cost you a dime!
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Your Consent Required
"Yes" logo
The Government's SPAM Legislation is in effect on July 1st 2014. That's TOMORROW!!!
I'd love to keep you up to date on the advantages and conveniences of living in Port Moody, but, the Government thinks I can keep you informed and maybe provide a service to you with telepathy, or via a sixth sense. Whatever are they thinking???
How does an independent Realtor and Mortgage service provider plant the seed of ideas and update or inform a prospective customer without providing meaningful info???
To make my life easier - email me back and say, "Yes". This will allow me to stay in touch without any GOVERNMENT IMPOSED issues.
By replying to this email, you'll be saying you give me, Bill Babcock, consent to send electronic messages.PLUS, you have the right to withdraw this consent at any time by informing me that you no longer wish to receive electronic messages from me.
What do you have to loose??? Say YES and stay connected!!!
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Port Moody, Coquitlam, & Port Coquitlam
Foreclosures: Port Moody; Coquitlam; &, Port Coquitlam
Schedule "A" to Contract Buying Foreclosure
Check out foreclosure, court ordered sales. There is good value for those who can fix themselves. However, be careful as every offer to contract submitted to court requires a "Schedule A" as an Addendum which states that the Buyer is on his own and there is absolutely NO Warranty whatsoever.
The Skytrains A'comming to Port Moody
Babcock & Axford Group Services
WOW - Is the Port Moody Area Growing.
Look at the new EVERGREEN LINE to Port Moody. Paste URL to your browser ...
http://goo.gl/XeJC7
See Port Moody Official Community Plan updated to increase density of shops and homes around the proposed Center Station on the Evergreen line. See...
http://goo.gl/NkOTrx
As you can imagine, property prices will rise as these these improvements start to kick in. You could buy now and let our Property Management Dept. do the work for you.
Click below to set a date and we'll meet you for coffee in Suter Brook and show you the area.
Whales mimic fog horns in the wild
whales & seldom heard natural noises
A few summer holidays ago I was in Alaska and witnessed a school of 10+ humpback whales and their communication noises.
I love the salt water and I guess that's why I love Port Moody nestled around the Port Moody section of Burrard Inlet before it becomes connected to Indian Arm.
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What Does A House Or Condo Cost In Port Moody ???
Good Value In Port Moody Homes
What do Condos cost in Port Moody
Did you know Port Moody offers affordable home & condo prices and is also on the doorstep of lakes, trails for hikes, bike riding, and beaches?
Take a look at Rocky Point Park, Buntzen Lake, White Pine Beach at Sasamat Lake, or, Belcarra Park on Indian Arm.
All so close to Newport Village or Suter Brook with newer residences, shops, and services all in walking distance to the new Evergreen Line at Inlet Center
Enjoy life in these neighborhoods and still have easy access to all points on the new Evergreen Skytrain Line.
Imagine, downtown Vancouver in 20 minutes on West Coast Express. Or, use the future SkyTrain Link all while enjoying the ambiance of Port Moody with clean air, lakes, mountains, beaches, and bike or walking paths.
Mortgage Renewal Tip: Get A 2nd Opinion
Renewal Considerations
OK - MOST OF US HAVE A MORTGAGE. But, Most Simply Sign Renewal Offered By The Bank ... usually a higher rate than what can be had in the market.
HOW LAZY IS THAT????
When a mortgage comes due at the end of the term, it's time to take a careful look at choices you have.
See: Considerations For Financing or Renewing Financing.
Canada's anti-spam law (CASL) will come into force on July 1, 2014
CONSENT REQUEST ...
Canada's anti-spam law (CASL) will come into effect on July 1, 2014, which may affect electronic newsletter communications.
I value our relationship and would like to continue providing information that's relevant to buying and financing real estate in Port Moody. We've met in the past and I've sent my Port Moody update to you before so I naturally assume you are interested in staying in touch. If I'm wrong, then let me know if you want to be removed from my customer list. If so then click below and tell me to remove your name.
As you can imagine, none of the information is meant to solicit people already under contract, so if you are then please refer to your agent.
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Compare Suite Prices In Port Moody
Take a look at suites for sale in Newport Village in Port Moody.
2 bedroom 880+ square foot suites in low rise buildings priced from $299,00. to high rise view suites of 1500+ square feet at $699,000. Lots of choice and most can be rented before you occupy.
See more selection at our web site ...
http://portmoodycondos.ca
Renovate & Include Cost In Your Mortgage
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Three years ago, 5% down mortgages were extremely flexible. Today they are not.
Before you could refinance and pull out extra equity up to 95% loan to value. Today it's a maximum of 80% loan to value.
The funny thing is, you are still paying the same high ratio CMHC fees as you did when you had that flexibility.
The only other way to get access to extra funds is to do a "Purchase + Improvement" program. If you know you are purchasing a property that can be renovated, you might as well get the bank to finance it instead of paying with a PLC or, out of your pocket. BUT,
YOU NEED TO PLAN FOR THIS WHEN APPLYING FOR YOUR MORTGAGE, NOT AFTER.
If you want to renovate your property after receiving the mortgage, the bank will not have the power to increase your mortgage amount. Reply to this newsletter and let me help you plan for those renovations.
On average, CMHC has no issues lending out an extra 10% for renovations. For a $500k purchase, that's an extra 50k for reno's.
MORE ON RENOVATIONS To Include With Your Mortgage!
No Resource found for 380
If you're buying a resale home there‘s always going to be “something” that could use a simple update or complete overhaul. Whatever the renovation, I‘m betting it‘ll be on your mind after you take possession, and, until the work is completed.
I know there‘s always a good intention to save money for that big “to do list” when you move in, however, I know life gets in the way and sometimes that big “to do list” ends up lost in the shuffle.
Not to mention the new rules that CMHC introduced in 2012, renovations have become more important because future access to the equity in your home has been limited 80% of the value of your home if you refinance.
I'm happy to set you up with a SECOND OPINION HOME RENOVATION MORTGAGE AT DISCOUNT RATES. Reply to this email and let's talk about a no obligation strategy for you - check out a Merry Christmas Renewal.
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Buntzen Lake Park & Hike
Did you know Port Moody was on the doorstep of lakes, trails for hikes, bike riding, and beaches?
Take a look at Rocky Point Park, Buntzen Lake, White Pine Beach at Sasamat Lake, or, Belcarra Park on Indian Arm.
All so close to Newport Village or Suter Brook with newer residences, shops, and services all in walking distance to the new Evergreen Line at Inlet Center
Enjoy life in these neighborhoods and still have easy access to all points on Translinks Skytrain Line.
Imagine, downtown Vancouver in 20 minutes on West Coast Express. Or, use the SkyTrain Link all while enjoying the ambiance of Port Moody with clean air, lakes, mountains, beaches, and bike or walking paths.
Port Moody Centre Station
WOW - Is the Port Moody Area Growing.
Look at the new EVERGREEN LINE to Port Moody. Paste the URL to your browser ...
http://www.translink.ca/en/Plans-and-Projects/Rapid-Transit-Projects/Evergreen-Line.aspx
See the redition above to increase density of shops and homes around the proposed Centre Station on the Evergreen line. As you can imagine, property prices will rise as these these improvements start to kick in. You could buy now and let our Property Management Dept. do the work for you.
See our services at www.AxfordPropertyManagement.com
Reply to this newsletter and we'll meet you for coffee in Suter Brook.
Save Interest Costs With A Merry Christmas Renewal Proposal
Renewal Strategy
OK - MOST OF US HAVE A MORTGAGE. But, Most Simply Sign The Renewal Offered By The Bank which is usually a higher rate than what can be had in the market.
How lazy is that?
When a mortgage comes due at the end of the term, it's the time to take a careful look at what could be done.
Do you have personal debt to pay off?
Do you need to renovate or buy a second home for a family member?
Do you have excess room in your RRSP so you could contribute and reduce your income tax payable?
Take a look at a Merry Christmas Renewal Strategy and consider a 2nd opinion to:
save on interest costs;
eliminate payment shock in 5 years; and,
shorten the life of your mortgage.
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35 Years On The Seas and a Lot of Spinach
I'm not Popeye, but 14 years ago I felt like him.
Up the Nass River, North of Prince Rupurt, (paddle in hand) I caught a 45 lb Chinook Salmon on the line.
45 lbs is heavy. 45 lbs accelerating and decelerating exaggerates the force exponentially, especially when the connection between the top and bottom part of my fishing rod started to crack.
If you ever want to feel 1.5 hours of intense physical mental focus, this is the way to do it.
Re-Advanceable Mortgage - Scotia is the Best
How the Re-advanceable Mortgage Works
I'm surprised why the industry does not explain the re-advanceable mortgage.
If you have 20% equity in your property, you can qualify for a re-advanceable.
What does it do?
1. You can structure it so in any given month you can pay an interest only payment.
2. Any principal you pay down, can be accessed automatically.
For example a $400k mortgage @ 3.19%.
Normal Mortgage - $1,723/month
Interest Only Option - $1,056/month
Cash available after 1 year - $8,100
Cash available after 2 year - $16,500
Imagine loosing your job.
With a normal mortgage, you would have to pay the $1723 regardless.
With a re-advaceable, the minimum payment would be $1056/month. After 1 year you would have access to $8100 dollars. This $8100 dollars would cover your $1056/month for 7 to 8 months.
This creates a 7 to 8 month mortgage defense in the first year.
A great tool to consider. Scotia and others have a re-advanceable mortgage program.
Need A Property Manager ??
The joys of a real estate manager who takes care of the details and makes a deposit to your account every month.
See Axford PropertyManagement.com for a complete real estate service.
We'll qualify renters, show, and lease your property. Provide a cash flow proforma plus pay the: strata fees; property taxes; and, mortgage with a statement to you by email every month to confirm the net deposit to your account.
Ideal for absentee landowners who want freedom from cash flow and management responsibilities.
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