Trusted Tips and Resources

Trusted Tips & Resources

Trusted Saskatoon Realtor Marla Janzen Explains The First Time Home Buyer Incentive

Marla Janzen is an award-winning SASKATOON REAL Estate expert she takes action to sell her client's homes and find them the perfect new place to live while negotiating the best terms and price possible. She loves what she does and takes great pride in providing excellence in customer service to all of her clients. 

Marla Janzen is a  TRUSTED SASKATOON REAL ESTATE EXPERT listed on the SASKATOON DIRECTORY and she loves to provide Trusted Saskatoon real estate Tips that help the public!


The First Time Home Buyer Incentive




As an award winning Century 21 Fusion Saskatoon Real Estate Agent, Marla knows Saskatoon, Warman and the area extremely well. She takes action in order to sell her client's homes. She strives to find them the perfect new place to live while negotiating the best terms and price possible. She truly loves what she does and she takes great pride in providing excellence in customer service to all her clients. She feels blessed to live in Saskatchewan and she is a TRUSTED SASKATOON REAL ESTATE Agent.

By now you have likely heard about the buzz regarding The First Time Home Buyer Incentive (FTHBI), which will come into effect on September 2nd, for homes that close no earlier than November 1st. The Government of Canada is offering interest-free loans in the form of a shared equity mortgage to help home buyers obtain a smaller mortgage and keep their monthly payments lower. The program will offer 5% for a first-time buyer's purchase of a resale home and 5% of 10% for a first-time buyer's purchase of a newly constructed home. 



The incentive can be repaid at any time without penalty, but it must be repaid after 25 years or if the property is sold, whichever comes first. Repayment is based on the property's fair market value. When the loan is repaid, the government will also get a share of any gains from appreciation of the property. Vice versa, if the property value goes down, the government will shoulder some of the loss. 

In order to participate in the FTHBI, buyers must meet two main requirements: 


# 1 - Be a first-time home buyer
# 2 - Have an annual income of less than $120,000


Buyers will still need to save their down payment of at least 5 percent and the maximum home price is limited to 4 times the buyers qualifying income. Let's look at an example:

Anita wants to buy a new home for $400,000:

Under the First-Time Home Buyer Incentive, Anita can apply to receive the $40,000 in a shared equity mortgage (10% of the cost of a new home) through the program. This is on top of the minimum required down payment of $20,000 (5% of the purchase price) from her savings. This lowers the amount she needs to borrow, and reduces her monthly expenses. As a result, Anita's mortgage is $228 less a month or $2,736 a year. 

Years later, Anita has sold her first hoe for $420,000. At this time, she would have to repay the original incentive she received as a percentage of her home's current value. This would result in Anita repaying 10%, or $42,000 at the time of selling her house. -- www.placetocallhome.ca/fthbi

The program will certainly help some first-time home buyers. But it's important to remember although this is an interest-free loan, it is still a loan that will need to be paid back.





Contact Marla Janzen, she is one of the 3 Trusted Saskatoon Realtors! Marla is looking forward to helping you sell or buy your home! She loves what she does, and she takes great pride in providing excellence in customer service to all of her clients. She strives to find them the perfect new place to live while negotiating the best terms and price possible.

Find Marla Janzen Online at www.marlajanzen.com   she is a Century 21 Fusion Realtor and Marla Janzen is TRUSTED SASKATOON REAL ESTATE EXPERT!


Trusted Saskatoon Real Estate Expert Clark Dziadyk shares a Listing Tip

Whether you’re buying a house for the first time, the second or the seventh time, it’s still one of the biggest decisions you ever have to make. In order to ensure sheer success, you need a Trusted Saskatoon Realtor like Clark Dziadyk! Clark will ease your mind by taking the pressure off of you to find your dream home! Clark puts 100% effort into everything he does. In his latest Listing tip, he shares the best time to list your home for sale.  Clark Dziadyk is 'The Realtor in Your Neighbourhood'

When Is The Best Time To List Your Home For Sale?

Trusted Saskatoon Realtor Clark Dziadyk Answers This Popular Question.


One of the most frequent questions I get asked from homeowners considering the idea of selling their home is, "When is the best time to list our home for sale?" 

 While the answer to the question isn’t necessarily black and white,   and there are often many social and economic factors to consider, the following is my take on when the best time to list our home for sale would be. Everyone has their own reason for selling, but this advice applies to anyone who has the luxury of time on their side and the choice of when they would like to list. 

 You may have heard other Realtors® talk about 'time of year' when referring to the best time to sell, whereas I think the right advice is much deeper than that. I believe the   question that needs to be   asked is "what style of property are you wanting to sell?".If it is an acreage property you own, then the main selling feature of the property is often the land and would be best shown in the summer months when foliage is in full bloom. Ideally, you would want to list in April or May as this is when most acreage buyers start up their search.

 

If it is a condo you are thinking of listing, whether it be a townhome, stand-alone home (bare land condo), or apartment style; I believe the best time to list is when the competition is low. For example, if there are several other apartment-style units for sale comparable to yours in the same complex or building, chances are you are going to sit on the market for a while. Unless you have something completely unique to offer that your competition does not (eg.- view, additional parking, top floor, etc), then waiting until there aren’t as many comparable units for sale would be best.


 Similarly, the same is true when considering selling a single family dwelling (stand-alone home). If there are many homes for sale comparable to yours in your immediate area, waiting until the competition is thinner might just be your best option. 
 If timing is not on your side and you need a quick sale, contact me today and he would be happy to discuss a strategy to achieve top market dollar for your home!


Read what clients have to say about Clark Dziadyk here


CLARK DZIADYK Is a Trusted Saskatoon Realtor contact him today for all your Saskatoon Real Estate needs.


Trusted Saskatoon Mortgage Broker Tammy Wandzura Answers: How to choose a Mortgage Broker?

Purchasing your home is one of the biggest and most important decisions that you can make. Tammy Wandzura, is a Trusted Saskatoon Mortgage broker and the team at Elite Mortgage Choice believe that buying a home should also be an exciting experience with little to NO stress. By trusting your Mortgage Broker, you are ensuring that any stress you may have had in previous encounters can be eliminated! In the latest Trusted Saskatoon Mortgage Tip, we share some advice from Tammy Wandzura on why and how to choose a mortgage broker.

The Big Question: Mortgage Broker vs. Bank


So, you have decided to purchase a home? Now you have all kinds of suggestions from your friends, colleagues on and family on how to proceed with your mortgage.

Maybe it’s mortgage renewal time or perhaps it's time for a renovation and you want to refinance? The big question is - do you use a mortgage broker or go directly to the bank?

We live in a world where our time is limited- and we have all the info we need at our fingertips (Google). We want to make the very best decision with no regrets.

TRUST the REFERRAL.


As a Mortgage Broker since 2005, my day does not only consist of communicating with lenders & running numbers.

Most of my day consists of finding better and new ways to “wow” my clients even more.



I strive to keep Mortgages simple


Simple solutions; for not so simple situations in some cases.

We LOVE helping First-time home-buyers make their dreams come true; but we are also experts in things such as Separation and Divorce mortgage financing, RENEWALS (a GREAT time to review your long-term plan) or REFINANCING to open up equity for investments, debt consolidation, etc.


Our goals are your goals: Mortgage Freedom as soon as possible!


I am a great Saskatoon mortgage broker.  I have been doing this for a long time and I am an expert in everything related to mortgages. 

Best rates up front. No hassle. No haggling. No regret.

Sound too forward?  I am great–but I am not the best. I am ONE of the best. I have some really amazingly talented industry colleagues all across Canada –who are also the best.

I urge you to consider talking to a mortgage broker next time you need a mortgage.  We are experts in everything related to mortgages…and we do not run off target driven requirements.

Is every Broker created equal?  The simple answer is NO.

The level of volumes, experience, relationships with lenders and years in the industry are all things to consider.

Have you checked out my Google Reviews??  Website referrals are important points of reference.  

Google reviews are a platform that most business owner’s take very seriously.  This is where clients are telling the world their true version of how they felt their customer experience was. I work very hard at making sure that each of my clients knows how invested I am part of their application from PRE-APPROVAL to POSSESSION date.


In life, I 100% believe that knowledge is power. I have saved many clients thousands of dollars in interest costs over the years & many are now close to MORTGAGE FREEDOM- This is based on the solid advice and guidance we have provided.



Have You Heard The Most Recent Mortgage News? 

The Fed’s have implemented vast Mortgage rules changes (October 2016 and further changes January 2018) This has created some changes to the market that many consumers are having a tough time navigating through. That is where a Trusted and experienced mortgage broker is worth their weight in gold.


We walk you through the process.

Calling our office ensures BEST RATES & BEST SERVICE.

Mortgages. Simplified. APPLY ONLINE 




Tammy Wandzura, is a Trusted Saskatoon Mortgage broker 

Categories

Previous Posts

ADDRESS

S & E Trusted Online Directories Inc
TrustedSaskatoon.com
129 21st St E #400
Saskatoon, SK   S7K 0B2
Ph: 306.244.4150

GET THE APP

App Store Google Play
Follow us on Facebook Linked In Twitter YouTube RSS Feed
Abex
Abex
Stevies
Sabex
NEYA
Website hosting by Insight Hosting