Mortgage Minute March 2020

Julie Brenneman - Mortgage Broker

The Mortgage Centre

julie@hometowngroup.ca
519-539-6153
http://www.lowermyratenow.ca/

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Power of Sale and Investments

 

24 STAFFORD Street
Woodstock, Ontario N4S3Z6

26 STAFFORD Street
Woodstock, Ontario N4S3Z6

444 BRANT STREET
Woodstock, Ontario N4S5J2

32 STAFFORD Street
Woodstock, Ontario N4S3Z6

16 STAFFORD Street
Woodstock, Ontario N4S3Z6

224 OXFORD STREET
Woodstock, Ontario N4S6B2

[not intended to solicit clients under real estate contract]



Pattie Lovett-Reid: How to avoid becoming financially drained in the 'sandwich generation'

 

Being stuck in the middle between aging parents and young adults can be financially draining as you try to care for both, while trying to focus on meeting your own needs and goals.

Parents want the best for their children and many will help them with expenses such a groceries, food and rent. Ideally, that shouldn't continue forever. The earlier you set boundaries and provide them with the tools they for financial independence, the better off you both will be.

Here are few steps for helping out young adults financially.

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To-Dos: Your March Home Checklist

 

The first official day of spring is March 20. So whether there’s still snow on the ground or flowers in bloom, you can rest assured that nicer weather is on its way. Usher in the new season with a bit of spring cleaning, some fresh flowers and — if you can get outdoors — a little dirt under your fingernails.

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Chance to Win a Fitbit Versa 2!

 

We are hoping to help you trim the fat on your bank accounts this year and get you to your financial fitness goals! While giving you the chance to win a fitbit versa 2 to help reach your physical fitness goals.

In order to get you there, we can consolidate those high interest cards and credit by tapping into your home's equity. Each client to refinance or close a home equity loan before April 1st, 2020 will be entered into a draw to win the fitbit versa 2.

Give us a call today!



New mortgage stress test to 'add further fuel' to housing, say experts

 

The Close Morneau unveils mortgage stress test changesBNN Bloomberg's Greg Bonnell looks at the new changes to the mortgage stress tests unveiled Tuesday.

The federal government announced Tuesday it is easing the “stress test” for insured mortgages, which some experts say will loosen the barrier to entry — even if only somewhat — into Canada’s overheated housing markets. The changes, which take effect April 6, will slightly decrease the threshold, or the minimum rate, a customer has to pay to qualify for insured mortgages, while increasing the amount the customer can borrow.

Below, economists and housing experts weigh in on how these changes may impact the Canadian economy, the highly-indebted consumer, the Bank of Canada’s future decision on interest rates and, of course, the prospective homebuyer.

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Fun Things To Do In Ontario During Spring

 

Ontario is a beautiful place to be in the spring. As the winter snow melts and the flowers begin to bloom, it is a time of great hope for many people after the darkness of winter. The mild weather means the Ontarians can spend more time outdoors. There are many ways to enjoy the nice weather, including festivals, hiking trails, outdoor tours, and other unique activities. Read on to discover 40+ fun things you can do across Ontario this spring.

Check them out here...



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