June 1 2022 - Prime Rate Increase
Today's Bank of Canada .50 increase has you wondering... Should you lock in? Watch this video to learn more.
To discuss your mortgage options, please visit www.centumfinancial.ca or call (204) 272-3763.
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After a little hiatus, we're back! Listen to the latest episode - Is Your Condo Board Dysfunctional at https://www.ilovewinnipegrealestate.ca/is-your-condo-board-dysfunctional/
The board of directors plays a critical role in any condominium community. First and foremost, the board's role is to serve and meet the needs of community residents, acting in a manner that is consistent with the best interests of condo owners. This requires having a strong and comprehensive understanding of the issues facing the community, as well as a commitment to a spirit of open communication and collaboration.
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Your credit score and how you manage credit are huge factors in qualifying for a mortgage. If you want the best interest rates and mortgage products available on the market, you want a high credit score. Here are a few things you can do to improve your credit score. Listen to the full episode at https://www.ilovewinnipegrealestate.ca/improving-your-credit-score/
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Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of living is considerably higher than it has ever been, and as a result, many Canadians are putting off retirement, hoping to make just a bit more money to add to that nest egg. Listen to the full episode at https://www.ilovewinnipegrealestate.ca/mortgage-options-for-older-canadians/
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If you’re looking to purchase a property, although you might not think it matters too much, the source of your down payment means a great deal to the lender. Let’s discuss the lender requirements, what your down payment tells the lender about your financial situation, a how down payment helps establish the mortgage loan to value. Listen to the full episode at https://www.ilovewinnipegrealestate.ca/why-down-payment-source-matters/
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Now, despite what some big banks would lead you to believe, porting your mortgage is not an easy process. It’s not a magic process that guarantees you will qualify to purchase a new property using the mortgage you had on a previous property. Listen to the full episode at https://www.ilovewinnipegrealestate.ca/porting-your-mortgage/
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You might think that you can plan your budget for the upcoming year based on the previous year's expenses. Just copy and paste and you're done, right? Well, not quite. While the previous year can provide a solid, general guide for planning purposes, you will need to consider possible changes in year-over-year expenses. Listen to the full episode at https://www.ilovewinnipegrealestate.ca/dont-forget-these-items-in-your-condo-budget/
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This week we chat with Dakotah Charron about the National Real Estate Investors Community. NREIC is an exclusive community of like minded investors with a collective goal of growth achieved through sharing resources, off market deals, capital and expertise. Listen or watch the full episode at https://www.ilovewinnipegrealestate.ca/national-real-estate-investors-community/
