Ruby Cheung Mortgages Newsletter September 2016 Edition No. 2

Ruby Cheung - Mortgage Broker

Centum Pacific Mortgages Inc.

msrubycheung@gmail.com
604.720.6176
http://www.rubycheung.ca/

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Foreclosures

 

Sept Abbotsford Attached
Sept Burnaby Attached
Sept Chilliwack Attached
Sept Chilliwack Detached
Sept Langley Attached
Sept Mission Detached
Sept New Westminster Attached
Sept Pitt Meadows Detached
Sept Richmond Attached
Sept Richmond Detached
Sept Surrey Attached
Sept Surrey Detached
Sept Vancouver Attached
Sept Vancouver Detached

Above is a list of foreclosures in the Lower Mainland.There are some great deals to be had for either your own home or as a rental property.  Check them out at the links above.

The main risk of purchasing a foreclosure property, is that it is purchased on an “as is, where is” basis. Sometimes fixtures such as lights, faucets and cabinets may have been removed from the property or are damaged. The property is often left unclean with unwanted trash and items left behind.

You must do your due diligence even more so when buying these properties.There is usually a good reason that a foreclosure is not selling ... but occasionally (once you identify the issues) you can turn these lemons into your personal "little gold mines!"

Do your homework before investing!



Bruised Credit Can Be Humiliating, Options are Available

 

"Life is what happens when you're busy making other plans." ...and sometimes things get out of control. A bad credit rating can be gut-wrenching and humiliating as well as just plain bad news.  We see all kinds of credit ratings every day and we have the strategies to help improve and even heal, damaged credit. You may be surprised to know that you can still obtain a mortgage. Whether you've had a bankruptcy or your credit is only slightly bruised, you can obtain financing.

As mortgage professionals, we have access to non-traditional lenders who offer financing solutions to individuals who have some credit challenges that cannot be addressed by the major financial institutions. Together we can quickly assess your situation and decide on the best way to move forward. The worst you can do is do nothing.                                    

www.rubycheung.ca



How Much Money Will You Need To Retire?

 

A recent survey by ING Direct reveals that 30% of retired Canadians had to return to work because they misjudged how much money they would need for retirement. Many who took the survey regretted not saving enough in the first place, not saving sooner, and spending money so “mindlessly”.It’s never too soon (or too late) to start planning for your retirement. How much money you will need and how you will make it last are two of the top concerns of would-be retirees.



Marking The End of Summer

 

For Vancouverites a day at the PNE marks the end of summer. Purchasing tickets for a chance to win the PNE prize home, a car or vacation is a definitely one you can't pass on.

From the traditional lumber shows and demolition derbies which are no more to the current  dog show and free nightly music performances which are standard.

 It is a challenge  to enjoy all the different food stands which are available such as the BBQ ribs and deep fried chocolate bars. You'll still get the old fashioned favourites like candy floss, popcorn, corn dogs and those little donuts.

For those who remember the theme used to change annually, however in recent years it has come to be only the Fair.

I have included my day at the fair and  have pictures of the  PNE prize home worth 2.1 million dollars which will be re-located to Naramata Okanagan.    

Click the link below to view 

https://goo.gl/photos/MsWz7AKZDVdSbkxPA



School is IN

 

It's that time of year again.  Slow down through school zones or lose weight in your wallet.

 Here's a good article by Global News.

http://globalnews.ca/news/2922869/b-c-school-zones-are-like-the-wild-west-according-to-new-survey/



LAUGHTER, the best medicine!!

 

Laugh out loud at life. It is a good medicine for your heart and spirit. It is a way for you to say"Life ~ I am still standing with my head up high." Laughter strengthens the immune system and increases your capacity to cope. 

It has the power to heal you at a cellular level. Sometimes all you can do is laugh, even through your tears and pain.

When you are overwhelmed, laugh at your bills, your body, your kids, or at any unexpected challenge of life. This is not denying what is in your life. It is defying it!

One minute of anger weakens the immune system for 4-5 hours, while one minute of laughter boosts it over 24 hours. So try this......make silly faces in the mirror, laugh from down deep and bring out the child in you!

From some popcorn, get a few family, friends together and allow yourself to really laugh. Interrupt your worries and choose to make yourself feel good in spite of it all.

You Truly Deserve it!!!!! However, don't just take my word for it. Here is some research to back it up>

http://www.helpguide.org/articles/emotional-health/laughter-is-the-best-medicine.htm



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