Tuesday 8 August 2017

MarketWatch Newsletter - August 2017

August 2017
IN THIS ISSUE
Hello and welcome to the August issue of my monthly newsletter!
Thanks again for your continued support and referrals!
Dust off the picnic table and fire up the grill! But before you arrange a backyard party for your friends and family, check out these tips below to help set the stage for your best backyard bash yet.
1. Put It On Cruise Control
By setting up a well-stocked buffet table and drink station, the party will essentially run itself. Everyone can serve themselves and you’ll also create a spot for them to mingle.
2. Keep Everyone Comfortable
A good way to keep guests outside comfortably throughout the day and into the night is to provide ample supply of things like water, sunscreen, and bug spray. As night approaches, a few light blankets will help keep the chill away.
3. Bring the Inside Out
If you really want to be ‘entertaining’ you should consider bringing your sturdy, indoor utensils and dishes outside for the party instead of using disposable ones.
4. Get the Yard in Order
Whether you’re having a few close friends or the entire neighbourhood over, tidy up the yard and patio area so everything looks neat.
5. Consider the Food Ahead of Time
A buffet is great for keeping the flow of the party moving, but it’s also wise to think of the menu and how to prep it in time. You’ll need to know about food allergies. You may want to prepare foods ahead of time, and you might even want to make the sides a potluck to ease your workload.
Are you contemplating hardwood floors, a new kitchen or energy efficient solutions for your existing or new home? Are you wondering how to pay for this renovation project? Take a look at these affordable financing solutions to renovate the home of your dreams!
Mortgage Refinancing
Despite a few increases of late, you can still take advantage of record low interest rates and spread your renovation financing repayment over a long period of time by refinancing your mortgage.
Benefits:
  • Borrow up to 80% of your home’s appraised value (less any outstanding mortgage balance)
  • Pay less interest than credit card or personal loan rates
  • Access funds immediately
  • Suitable for large scale renovations
Financing improvements upon-purchase
Finance your renovation project at the time of a new purchase by adding the estimated costs to your mortgage with CMHC Mortgage Loan Insurance. You can obtain financing with only 5% down payment for both the purchase of your home and the renovations for up to 95% of the value after renovations!
Benefits:
  • Funds advanced for up to 95% of the value after renovations
  • No additional fees or premiums for progress advances
  • Competitive interest rates
  • CMHC issues premium rebates for Energy saving renovations
Secured Line of Credit & Home Equity Loans
Use a secured line of credit or home equity loan to pay for your renovation. Securing your renovation loan against the equity in your home can typically be up to 80% of the property value; accessible at any time.
Benefits:
  • Lower interest rates than non secured financing
  • Access funds at any time
  • Interest only payments
Talk to me today to review your renovation financing options!
Summer can bring humidity and high temperatures. Remember to keep it cool to ensure a happy and healthy summer. Here are some tips to cool off this summer
Close your blinds
Utilizing curtains can save you up to 7 percent on your bills and lower indoor temperatures. This is especially effective for south- and west-facing windows.
Use a fan instead of turning on the AC
Fill a mixing bowl with ice and position it in front of a large fan. The air whips off the ice at an extra-chilled, temperature.
Start grilling
Your stove and oven bring excess heat into your home. A summer time BBQ is the perfect way to gather with friends and keep the heat outside of your home.


Mortgage Architects
Steven PorterCRMS ABR SRES
Broker Lic. No. M15001919
Mortgage Agent
P 905-878-7213
C 905.875.2582
Broker

Brokerage #12728
14 Martin Street, Milton, ON, L9T 2P9

5675 Whittle Road, Mississauga, ON, L4Z 3P8
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