**********INSERT LISTING INFORMATION HERE**********
For information regarding this property and THOUSANDS more visit...
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Serving: Ajax, Bowmanville, Brock, Clarington, Courtice, Newcastle, Oshawa, Pickering, Port Perry, Scugog, Toronto, Uxbridge, Whitby
Brought to you by: DURHAM HOME SAVVY TEAM, Stephen Young & Julita Jaworski, Keller Williams Energy, 360 King St. W., Oshawa, ON 905-723-5944
Monday, December 10, 2012
Friday, November 02, 2012
Free Mortgage Calculators for Durham Region Home Buyers
As a professional real estate agent, one of the most popular questions I am often asked is, "What is the best tip I can offer a potential home buyer?", and without a doubt the answer is: Get pre-approved as soon as you make the decision to purchase a home.
There are so many reasons to get pre-approved and I would like to illustrate the benefits of each one.
1. Defining Price Parameters - Obtaining a pre-approval with a bank, lending institution or mortgage broker will set the proper boundaries to what price range you should be looking. Too often a potential home buyer "feels" the price they can afford justifying it by their income, potential raises in their employment, etc. When one is borrowing money, lenders are only interested in the facts of the present day, and the recent past.
2. Saves Time - A pre-approval eliminates homes that don't fit the financial criteria. There is nothing more disheartening than losing a great real estate opportunity because the Buyer was not qualified initially. Getting pre-approved takes very little time with your mortgage specialist. With today's advances in technology, much of the process can be achieved through your computer and internet connection.
3. Advantage at the Bargaining Table - When your "Home Savvy" Realtor is negotiating on your behalf, a valuable weapon is the pre-approval. Shortening the financing condition, or removing the condition entirely, is often a benefit to the Seller. It shows prudence, confidence and strength and could be the factor that gets not only the deal accepted, but perhaps at a better price. This past season, dozens of our Buyers found themselves in multiple-offer situations. Having that pre-approval gave them the upper-hand that many others did not.
Our personal finances are a very secure and tender issue with most people. You might be unwilling to share this sensitive information initially. Mortgage calculators can give you a good idea of where you stand financially before speaking to your representative. Here are some mortgage calculators, brought to you by our good friends at The Mortgage Centre:
There are so many reasons to get pre-approved and I would like to illustrate the benefits of each one.
1. Defining Price Parameters - Obtaining a pre-approval with a bank, lending institution or mortgage broker will set the proper boundaries to what price range you should be looking. Too often a potential home buyer "feels" the price they can afford justifying it by their income, potential raises in their employment, etc. When one is borrowing money, lenders are only interested in the facts of the present day, and the recent past.
2. Saves Time - A pre-approval eliminates homes that don't fit the financial criteria. There is nothing more disheartening than losing a great real estate opportunity because the Buyer was not qualified initially. Getting pre-approved takes very little time with your mortgage specialist. With today's advances in technology, much of the process can be achieved through your computer and internet connection.
3. Advantage at the Bargaining Table - When your "Home Savvy" Realtor is negotiating on your behalf, a valuable weapon is the pre-approval. Shortening the financing condition, or removing the condition entirely, is often a benefit to the Seller. It shows prudence, confidence and strength and could be the factor that gets not only the deal accepted, but perhaps at a better price. This past season, dozens of our Buyers found themselves in multiple-offer situations. Having that pre-approval gave them the upper-hand that many others did not.
Our personal finances are a very secure and tender issue with most people. You might be unwilling to share this sensitive information initially. Mortgage calculators can give you a good idea of where you stand financially before speaking to your representative. Here are some mortgage calculators, brought to you by our good friends at The Mortgage Centre:- Rent vs Buy Calculator - this calculator will tell you whether you're better off renting or buying
- Maximum Mortgage Calculator - this calculator will tell you the maximum mortgage amount and monthly payment you can qualify for based on your income and existing expenses
- Mortgage Qualifier - with this calculator, you can put in the house price you have in mind, along with your expenses, and the calculator will show you how much income you'll need to qualify
- Mortgage Payment Calculator - this calculator will show you how much your payments will be and the total amount of interest you'll pay over the life of the mortgage
- Mortgage Isolator Calculator - with this calculator, you can isolate and change your payment frequency, amortization, mortgage amount, interest rate or payment size to see what effect it will have on the other variables
Tuesday, October 30, 2012
Boston Red Sox acquire Toronto Blue Jays Mascot "Ace"
Ace, who had also been scouted by the St. Louis Cardinals, is said to be looking forward to the responsibility as he has actually never portrayed anything other than a bird and is up for the challenge.
Rumor also has it that the Red Sox are interested in former Rogers Center concession salesperson Wayne McMahon (ICE....COOOOOOLD.......BEEEEE
Saturday, March 10, 2012
Thursday, January 26, 2012
On the market!
313 Pine Avenue, Oshawa
Overview Maps Photos Features Description Neighborhood Open House |
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Stephen Young
Keller Williams Energy Real Estate Brokerage 905-723-5594 GetStephen@live.ca http://www.GetStephen.com     
Listed by: Keller Williams Energy |
Our recent listings
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Nearby properties for sale |
Tuesday, January 17, 2012
Canadian Homeowners: 1 simple tip to save THOUSANDS!
I had an fascinating conversation with a mortgage broker the other day about renewing current homeowners renewing their mortgages, and what he had to say, SHOCKED me! He gave me some statistics that the Canadian Mortgage and Housing conducted and I couldn't believe it.FACT #1: 89% of homeowners remain with the same lender.
FACT #2: 68% of homeowners just accept the renewal from their current lender.
So what is the problem? The original lender must be offering the best rates, right? Sadly, the answer is likely "no".
Often, the original lender will offer you a "much better rate" as a "preferred customer" for your loyalty to the company and will be able to save you tremendous savings from the posted rates. This is all true, but they can do better.
This can be best illustrated with an example:example: $250,000 mortgage, 5 year fixed term, 25 year ammortization, paid monthly
The lenders "posted" rate may be 5.29%, which is quite common in January 2012. As a cherished and preferred customer, they might offer you a rate of 3.79%. WOW! Where do I sign!? Right?
Hold on! The problem is that an even better rate can be easily obtained, and it only takes a phone call to a mortgage broker.
In January 2012, rates of 3.29% can easily be found, through more than one lender. Yes, HALF a percent difference than your "preferred customer" rate. So you might be thinking, does it really make a difference? Here's the math:
Rate 3.79% 3.29%
Monthly mortgage $1286.75 $1220.63
Monthly savings: $66.12
Five year savings: $3967.20
If you agree with me, you can contact me at GetStephen@live.com or at my office at 905-723-5944. I urge you to make a phone call to a local mortgage broker right away, especially if you are up for renewal soon.
The agent that inspired me to write this blog is John Greenlee at The Mortgage Centre. He can be contacted at jgreenlee@durhammortgage.com or at 905-436-8010.
Happy savings!
Stephen Young
www.GetStephen.com
Monday, January 02, 2012
Hot new listing in Oshawa!
Incredible Semi-Detached in Oshawa
Overview Maps Photos Description Neighborhood Open House |
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Stephen Young
Keller Williams Energy Real Estate Brokerage 905-723-5594 GetStephen@live.ca http://www.GetStephen.com
Listed by: Keller Williams Energy |
Nearby properties for sale |
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