VIP Club- Mortgage Minute August, 2019

Aleem Peermohamed - Senior Mortgage Planner

Paragon Mortgage Group

aleem@themortgagespecialist.com
778-233-2377
http://www.themortgagespecialist.com/

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Foreclosures

Some good deals to be had. Buying a foreclosure property is NOT easy nor simple so make sure you have an experienced professional to help you. Call me or message me if you need a referral or two.

Have particular questions or need details? Schedule a call with Aleem to find out more or if you have any questions

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To Refinance or Not?

Many people are asking me lately whether they should refinance early, ahead of their maturity dates now that mortgage rates are back down at historically low levels

With the recent rate cut of a 1/4% by the US Fed, one may think that holding off on a refi until the rates "really bottom out" would now be the best strategy.

The real decision is not whether you can shave another 10 or 20 basis points off today's best rates by waiting, but whether you are carrying any substantial amounts of consumer debt.

Credit cards and unsecured lines of credit at up to 25% per annum are costing you dearly.

Let's say you have a few credit cards totaling $20,000.00 in debt you just are not paying down. At typical credit card interest rates, that's probably costing you $5,000.00 per year.

Roll that into your mortgage at just under 3% and your savings are substantial. In the last few months we have saved our clients thousands in interest and dramatically improved their cash flow as well.

If you'd like me to review your specific situation, and get your finances back on track, this service to you is always free. Schedule a call with Aleem to find out more or if you have any questions

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15 Brilliant Ways To Keep Your Home Cool Without Air Conditioning

In warmer months, it's tempting to crank the AC or plant yourself in front of the nearest fan. But these aren't the only tricks to keeping cool. It turns out there are plenty of ways to buffer your home from the heat without racking up your electric bill. And they’ll make you feel like a DIY champ, too.

Continue Article Here...

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Summer Around the City

Was in New West a couple of weeks ago and saw an A & W commercial being filmed!

New West has a food truck festival every Friday with different Food Trucks to try and the pier is beautiful. Even though it is getting a make over right now, there is still half the area where you can walk and plenty of things to do.

One of the many cool things to check out and experience around our beautiful city in the summer time.

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How to save Capital Gains Tax on your cottage or 2nd home

Hopefully the cottage appreciates in value, but, unfortunately, that means 50% of that gain will be taxable just like any other capital gain. To get around it, assuming you qualify, there are a number of strategies you could adopt.

Is Your House Not Selling - Consider Rent To Own

If your property is not selling in this market or you are not getting the price you want, structuring rent to own may be the way to go.

I attached a video explaining the concept. It is an informative video with 96% of viewer likes.

If you decide to go down this path, do not do it by yourself. It is important that you work with a professional to help you set it up, the right way.

One of the most important things is to find the right buyer tenant.

Have particular questions or need details? Schedule a call with Aleem to find out more or if you have any questions

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My address is: Aleem Peermohamed Paragon Mortgage Group 227-5589 Byrne Road Burnaby, V5H 4N2 Canada	Powered By HippoContact