Hello, it's me again bugging to you spread the word for another casting call. This time I'm looking for people who are planning on selling their homes and buying something they like just as nice but less expensive so you can live "Mortgage Free". There is a big cash incentive for anyone who is in the market. I have a tight time-line here and need to hear back from you asap! Here's the details....
Are you planning MORTGAGE FREE
Tired of merely dreaming of becoming MORTGAGE FREE? Let us help you make it a reality. Mortgage Free is a new HGTV real estate series in which the ultimate goal is to sell each homeowner’s property, and with the available equity, buy another home (that the homeowner loves!) outright.
The REALTOR HOST determines the approximate value of the current home and then subtracts the remainder of the mortgage plus the projected realtor fees, moving costs, penalties and closing costs to be paid. The money left over is the ‘mortgage free’ shopping budget. The Realtor host will then offer the homeowner properties from which the participants choose, based on their wish list.
Presented with property options, our participants will pick one to purchase. With the REALTOR HOST, they will weigh the pros and cons of each property, until they make the decision of which to purchase. Once a selected property has been purchased, they are…Mortgage Free!
Looking to downsize? To move from the city to the country? House to condo? Whatever your dream is, we want to hear it!
Candidates Must:
-Have outgoing & personable families - 30’s to early 50’s
-Live between Burlington east to Bowmanville
-Have at least $300,000 equity in their existing homes
Now, as if living mortgage free isn’t enough in and of itself – you will receive $10,000 if you sell, buy and become mortgage free! You will receive $4,000 if you decide in the end to stay where you are, and not live mortgage free.
Please email Jen Mitchell at smsconcepts.jen@gmail.com to apply!
Friday, May 28, 2010
Thursday, May 20, 2010
Casting Call For A New Show.
I have one of the best jobs in the world and every once in a while it gets even better. I am looking for people who currently own a house or town house (sorry no apartment style condos) who want to take part in a new TV show called "House Poor".
I have listed some of the situations that might make you an ideal candidate. Please feel free to share this information with anyone you know who maybe interested and have them get in touch with me at mberg@mortgages4women.ca and I will pass your names along to the casting director.
* You put the entire down payment on credit
* You undertook major renovations that you couldn’t afford
* You consolidated consumer debt into the mortgage, over-extended on Home Equity lines of credit or took out a 2nd mortgage
* You didn’t budget for repairs and now you can’t afford to fix a home emergency
* You bought a home way out of your price range in order to live in a desirable neighborhood and are struggling to keep it
* You got caught in a bidding war
* You spent a fortune on décor, appliances or furniture
* One of you lost their job and now you can’t pay the mortgage
* You placed a partial deposit on a new home and risk losing it because you can’t come up with the rest
* You bought when rates were low and are now facing losing your home due to spiraling interest rates
I have listed some of the situations that might make you an ideal candidate. Please feel free to share this information with anyone you know who maybe interested and have them get in touch with me at mberg@mortgages4women.ca and I will pass your names along to the casting director.
* You put the entire down payment on credit
* You undertook major renovations that you couldn’t afford
* You consolidated consumer debt into the mortgage, over-extended on Home Equity lines of credit or took out a 2nd mortgage
* You didn’t budget for repairs and now you can’t afford to fix a home emergency
* You bought a home way out of your price range in order to live in a desirable neighborhood and are struggling to keep it
* You got caught in a bidding war
* You spent a fortune on décor, appliances or furniture
* One of you lost their job and now you can’t pay the mortgage
* You placed a partial deposit on a new home and risk losing it because you can’t come up with the rest
* You bought when rates were low and are now facing losing your home due to spiraling interest rates
Monday, May 17, 2010
Get them while they're...low!
If one good thing came out of Greece's economic hardship, it's low interest rates.
Just when it looked like rates were going to start their expected rapid upward climb, the EU announced its trillion-dollar plan to help its struggling members. The result? Scared investors fled to the safety of US and Canadian bonds, which in turn lowered fixed rates.
While variable rates are influenced by the Bank of Canada's Prime rate announcements, fixed rates are tied to the bond market. Demand for government bonds pushes yields lower and reduces the borrowing costs for banks and other lending institutions. This makes it cheaper for them to fund mortgages.
Within the last week or so, most banks cut their five-year fixed mortgage rates by approximately 10 to 15 basis points. So something that was posted at 6.25% two weeks ago is now likely sitting at 6.10%. That being said, the lowest discounted rate we could find is much lower at 4.39%.
If you haven't already, it would make sense to get your rate hold now. It will guarantee you the lower rate for the next 90-120 days as rates inevitably rise again.
Just when it looked like rates were going to start their expected rapid upward climb, the EU announced its trillion-dollar plan to help its struggling members. The result? Scared investors fled to the safety of US and Canadian bonds, which in turn lowered fixed rates.
While variable rates are influenced by the Bank of Canada's Prime rate announcements, fixed rates are tied to the bond market. Demand for government bonds pushes yields lower and reduces the borrowing costs for banks and other lending institutions. This makes it cheaper for them to fund mortgages.
Within the last week or so, most banks cut their five-year fixed mortgage rates by approximately 10 to 15 basis points. So something that was posted at 6.25% two weeks ago is now likely sitting at 6.10%. That being said, the lowest discounted rate we could find is much lower at 4.39%.
If you haven't already, it would make sense to get your rate hold now. It will guarantee you the lower rate for the next 90-120 days as rates inevitably rise again.
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