Developer’s dirty tricks that will cost you thousands… learn to avoid them and save your money as heard on CKNW with Angela Calla and Rob Boies. Click here to listen now!

Hear how the Angela Calla Mortgage Team saved Susan of Langley $800 a month and 11 months later another $300 monthly. Get her team working for you, you can’t afford not to! Click here.

Homeownership will continue to grow with the 24-35 year olds and transfer of wealth, says CIBC

http://www.theglobeandmail.com/report-on-business/economy/housing/housing-downturn-wont-be-as-deep-as-some-fear-cibc/article4494733/

Learn about your homebuying mortgage options with the Angela Calla Mortgage Team 604-802-3983

callateam@dominionlending.ca

From a study conducted in Calgary:

Please note: we didn’t write or contruibute to the survey, just sharing it with you!

2.1 benefits  to homeownership

Through a combination of literature review and key person interviews, the following benefits to homeownership were identified:

 · homeownership is a major contributor to financial security and wealth creation for individual households;

 · homeownership is also an important contributor to a community’s economic growth;

 · homeownership has positive impacts on personal well-being, fulfillment, self-esteem, sense of control and stability;

 · homeownership plays a role in improving the neighbourhood and community quality of life;

 · promoting greater income equality through homeownership can contribute to improved population health;

 · children of homeowners do better in school and are more likely to complete their schooling (scholastic performance has more to do with household stability, a sense of belonging and family values around education and it does improve I.Q.);

 · children of homeowners are more likely to become homeowners themselves;

 · homeowners are more vested in the interests of the community in which they live and more concerned about what goes on around them;· homeownership offers legitimacy to people, allowing them to speak out and have an opinion about what goes on in their neighbourhood and community;

 · homeowners are more likely to participate in community life, get involved in local activities, and are more likely to know their neighbours and their neighbourhood;

 · homeowners are more likely to vote in local, provincial and federal elections than renters;

 · public efforts to increase access to individual homeownership have greater impacts among low-income households than among higher-income households; and

 · When low-income renters become homeowners, there is a shift in thought processes, attitudes, and level of responsibility. People shift from being clients of social services to being partners in their communities.

To become a homeowner today learn about your options from The Angela Calla Mortgage Team 604-802-3983 callateam@dominionlending.ca

Reviewing your mortgage annually with the right plan will ensure you are not paying more than required on your mortgage and outside debts and stop the cycle of no saving.

Contact Angela Calla Mortgage Team Today 604-802-3983 callateam@dominionlending.ca

Courtesy of CBC

A new poll for one of Canada’s big banks says 45 per cent of those surveyed said they had no fund set up to deal with emergency expenses.

The poll of about 2,000 Canadians was conducted in March and April for CIBC by Harris/Decima.

Ontario and Alberta residents were the least likely to say they had an emergency fund set up — 53 per cent of respondents in each province.

At 60 per cent, British Columbia residents were the most likely to say they have funds set aside for critical, unexpected expenses.

Quebec and the Prairie provinces of Manitoba and Saskatchewan were also above the national average, tied at 57 per cent.

Atlantic Canada was right on the national average, with 55 per cent of respondents in that region saying they had set up an emergency fund

It’s no surprise that when you are stressed finacially, your health suffers.

Start with a mortgage review to ensure you are not paying more for your mortgage and outside debts than you need too. Talk about a good holistic approach!

Read more here http://www.cbc.ca/news/health/story/2012/08/10/health-income-cma.html

Contact Angela Calla Mortgage Team 604-802-3983 callateam@dominionlending.ca

Host of The Mortgage Show on CKNW AM980 Saturdays @ 7pm

As heard on this weeks Mortgage Show on CKNW with Angela Calla Saturday Auguest 18th 2012. To get pre approved for this property or any other purchase email us at callateam@dominionlending.ca or call 604-802-3983

This weeks deal of the week has been brought to you by:

Robert Boies
Royal LePage Coronation West
cell: 604 341 3009 t: willingtwo
E-mail: robboies@royallepage.ca
www.willingsellerwillingbuyer.com

Buy this home with 5% down payments approx $1200 a month*oac and rental income will cover most! http://rboies.mlslink.mlxchange.com/?r=825280239&id=363434333136.312

Please note that properties like this move quickly and getting set up with Rob Boies directly robboies@royallepage.ca will keep you abreast of all of these types of oppertunities meeting your speciafications

Thanks for visiting

Angela Calla, AMP

Now that we have you approved for a mortgage, I wanted to share with you some vital information to ensure your financial picture doesn’t change. This will help prevent any hiccups when it comes to your purchase/renewal or refinance completion. This is just a regular part of The Angela Calla Mortgage Team’s commitment to keeping you informed throughout the life of your mortgage.

Since the following would have a direct impact on your approval, we advise you to adhere to the following advice:

1. DON’T Change employers, jobs or income type.

2. DON’T Have any other credit checks conducted, including those through banks, department stores and credit card companies.

3. DON’T Get any new loans, credit cards or “don’t pay until…” offers, buy a new car or spend to your limit on your existing loans, lines of credit or credit cards.

4. DON’T Closeout active accounts.

5. DON’T Get into any disputes that will result in collections (i.e. unpaid parking tickets, cell phone bills, hydro, etc).

6. By all means, DON’T schedule a vacation 2 weeks prior to the date of the completion of your mortgage with any of the parties involved in the title!! Take a holiday after. Lenders and lawyers can request things last minute that you will be required to provide or handle. Save the trip for after the completion. If you do choose to take a trip, don’t expect things to go smoothly!

7. PLEASE Disclose the shape of your property upfront. It’s not ok to have your home gutted or extensive renovation and expect that an appraiser or lender will notice and be ok with it, it will likely impact your value and the approval.

8. DON’T make changes last minute to the amount, date or term. This is the biggest way to cause a problem. It is a big deal to get everything through all the powers at be that need to approve these changes. It’s not a simple click of a mouse. Keep in mind all conditions must be met 10 business days prior to your completion date and changing anything can add to the interest cost in most cases.

9. At times people get married or divorced and have changed their name or forgotten that they previously had a co-signer on their mortgage. This will require some legal changes that will have an added expense to your legal fees and change all the paperwork delaying your process if you didn’t note it in the INITIAL mortgage application.

Some of these may sound like “common sense”, but we’re sharing experiences from real scenarios that we’ve encountered and learned that not everyone thinks about how simple changes can affect their approval.

Angela Calla is an 18-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages. 

In August of 2020, at the young age of 37, Angela surpassed $1 Billion dollars in funded personal mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.

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