April 2016 - Edition 25

Scott Ko - Mortgage Broker

MortgagesLab

scottko@mortgageratesbc.net
778 869 8638

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Life on the Shore - April 2016

Apr 12,2016
FULL_2016_March

Well it's that time of the year again, "Regatta" season, this will be our sons' 3rd year of racing with the North Shore Sailing Team and BC Sailing, his dream is to sail at the St Francis Yacht Clubs' "Harken" regatta in San Franciso, he'll be traveling with his team for a week of training prior to the regatta then we fly down a week later to watch and to ensure that whatever went down actually makes it back home.

He has been waiting a full year for this as he needs to be 12 years old to participate and to travel with someone other than his parents, here's a link to what he is excited for;

https://youtu.be/VyqkXw0gap4

Also, above this piece are this months foreclosure list (1 large PDF file) for the lower mainland and the market snapshot for March.

Enjoy, see you next month!



March 2016 - Commercial List

 

February 2016 - Commercial List

As with residential properties, there are Commercial foreclosure opportunities also.  

Enjoy!



One of The Best Way to Increase Your "Credit Score"?

 

People often talk about wanting to increase their credit scores.

If you use credit cards or other types of revolving credit, either pay it off at the end of the month or try to keep the balances as low as possible. High balances will negatively impact your credit score.  If you have balances above 50% of your credit limit, you could see your credit score start to drop.  

Do not close existing credit card accounts, even if you don’t want to deal with the company any more… Believe it or not, the credit history is a good thing to have!  If you cannot lower your balance, see if your credit provider will increase your available lines of credit. This can, in turn, reduce the overall debt ratio, but do this only if your credit card company can do it without a hard credit inquiry.



DIY Kids Playhouses

 

Under the Stairs Playhouse Ideas

Low on space, but looking for a cool place to send your child/furbaby/husband when you are looking for quiet time? I absolutely love these indoor playhouses built under stairways.  Don't forget- if you need some extra funds to do these or other renos, let's chat! :)



Getting Ready To Sell Your Home?

 

Getting Your Home Ready to Sell Checklist

The Spring real estate market is upon us and many people are going to be listing their homes or rental properties for sale soon. Here's a great checklist not only for those getting ready to sell their home like us, but also for those shopping the market this Spring. 



What Do I Do When My Mortgage Is Up For Renewal?

 

Occasionally I will have a client call to tell me that their mortgage is up for renewal at their bank within 4-6 months time. The bank is "allowing" them to renew early at a certain rate, but they want to know if they are getting a good "deal".

Here are some things to think about when your mortgage is up for renewal:

-Do you have any high interest credit cards or loans you would like to roll into your mortgage?

-Any reno needs/wants coming up within the next 1-3 years?

-Any plans to move or maybe buy an investment property in the next few years?

-How does your existing lender calculate mortgage penalties?

No matter what, you have time, so ask more questions and don't succumb to bank pressure!  At the very least, give me a shout and I can tell you whether or not the interest rates offered are decent.  We can also discuss what other options are out there. You might be surprised!

Be patient. It could save you money!



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