Saturday, February 1, 2020

Creating Generational Wealth.



Saturday, November 9, 2019

Why Rent when you can BUY?



Click to See Current Mortgage Rates: http://www.cmbcanadamortgage.ca/edwinmasango.html
Contact Us Click here: https://1.shortstack.com/S4VxFB


Wednesday, October 9, 2019

Super Visa Insurance - Comprehensive


Super Visa Insurance - Private Medical Insurance Coverage of min $100,000 to insure parents, grandparents coming to Canada under Super Visa for hospitalization, hospital Care, repatriation by Canadian Insurance Company valid for 365 days from the date of entry to Canada.

When traveling outside of your country of origin and visiting kids and grand kids in Canada, if a medical emergency happens it can put a lot of financial stress as the medical expenses can be very high. Therefore the purchase of Super visa Insurance can help to cover the medical expenses of parents and Grandparents in case of a medical emergency.

Benefits
Eye Examination





Physical Examination




Vaccines






Psychiatric / Psychological







Maternity










Excess Baggage Return




Hospital Accommodation





Medical Services




Diagnostic Services







Prescription









Private Duty Nurse







 Paramedical Services







 Dental












 Medical Appliances







 Ambulance Services




 Transportation to Bedside






 Emergency Air Transportation



Repatriation








 Meals and Accommodation








Hospital Allowance 







Return and Escort of Children






Up to $100 per insured for one visit to a licensed optometrist in any 12-month period


Up to $250 per insured for one visit to a physician for a routine examination in any 12-month period



Up to $100 per insured for vaccinations in any 12-month period




Up to $500 per insured for visits to a licensed psychiatrist, psychologist or social worker for the relief of acute symptoms when deemed essential by an attending physician and when approved in advance by Intrepid 24/7.


Up to $5,000 for expenses incurred in Canada for: a. prenatal care, childbirth, miscarriage, and post-natal care including associated complications; and b. routine new-born nursing care up to 14 days following birth. 




Up to $500 for the cost of returning your excess baggage



Semi-private room rate OR ICU if required. Emergency room fees. c. Emergency out-patient services


Licensed physician, surgeon, anesthetist or registered graduate nurse.



Laboratory tests and x-rays. magnetic resonance imaging (MRI), cardiac catheterization, computerized axial tomography (CAT) scans, sonograms or ultrasounds and biopsies if approved.



This benefit is limited to a 30-day supply and up to $1,000 per prescription, unless the insured person is hospitalized, to a maximum of $500 per insured person per claim.




Registered private duty nurse as the result of a covered emergency when medically necessary and while hospitalized or in lieu of hospitalization to a maximum of $5000.




Licensed chiropractor, physiotherapist, podiatrist, osteopath or acupuncturist to a maximum of $500 per insured person, per profession listed above.




Up to $4,000 to repair or replace whole or sound natural teeth or permanently attached artificial teeth damaged as a result of an accidental blow to the face; and b. up to $500 for emergency dental treatment for relief of pain caused other than by a blow to the face.




Minor appliances such as crutches, casts, splints, canes, slings, trusses, braces, walkers and/or the temporary rental of a wheelchair, not exceeding the purchase price.



Licensed ground ambulance service.




Economy airfare plus up to $150 per day to a maximum of $5,000 for the cost of meals and commercial 



Air ambulance to the nearest appropriate medical facility.



a. Up to a maximum of $10,000 toward the actual cost incurred for the preparation of remains;
b. Up to $5,000 for cremation and/or burial at the place of death.



Up to $150 per day, to an overall maximum of $3,000 for your commercial accommodation, meals, essential telephone calls, internet fees, bus or taxi fare or rental car.



Up to $50 per day to a maximum $500 for incidental expenses billed by the hospital such as telephone, television or internet charges while you are hospitalized




Up to economy airfare to return accompanying dependent children to the departure point in the event that you are returned to your country of origin or Canada.


Exclusions
Any sickness, injury or medical condition (other than a minor ailment) that existed prior to the effective date.

a) Up to Age 70 – Any sickness, injury or medical condition that was stable in the 120 days prior to the effective date.

b) Age 71-80 Any sickness, injury or medical condition that was stable in 180 days prior to the effective date

Saturday, September 28, 2019

Ontario Down Payment Assistance Programs!


DANIELS FIRST HOME BOOST PROGRAM

Daniels FirstHome has an innovative payment plan that is much more flexible and achievable in the midst of today’s fluctuating new mortgage rules. With locations throughout the Toronto area, this builder offers condos and townhomes in attractive neighbourhoods aimed at first-time home buyers.
The program offers an interest-free, 20-year forgivable loan for 10% of the down payment that, when added to the 5% that you need to put down, “boosts” your down payment to 15%. On top of that, you could also qualify for an additional $25,000 in financing. And wait, I’m not done yet. You don’t even have to have the whole 5% up front. All you need to get started is $3,500 when you sign the Agreement to Purchase and Sale, and then you can pay $1,000 a month after that until you reach the required 5%!

Waterloo First Time Home Buyer ProgramsAFFORDABLE HOME OWNERSHIP PROGRAM

The Region of Waterloo wants to help renters become home owners, so they created this program that gives qualifying hopefuls a 5% loan to put towards their down payment. This loan is interest free and fully forgivable if you stay in your home for 20 years.
If you’re over 18 and renting, have a combined household income of less than $90,500, and want to buy a house worth less than $386,000 in the Waterloo region, you probably qualify!
There are only a few other existing qualifications:
  • You must qualify for a mortgage (apply at your bank or mortgage lender).
  • You must not own or have an interest in a home.
  • You must be a legal resident of Canada.
  • You must intend to have this home as your one and only residence.  (you cannot transfer or lease it to someone else).
  • You must not owe money to a community housing landlord.
Should you choose to apply for this program, make sure you have all your supporting documents. Both newly constructed and existing homes qualify for purchase, provided they are under the value threshold, but if you buy an existing home, it must undergo an inspection and you must pay for it. Mobile homes also qualify, but title to the land must be included in the purchase.
You must also complete a home ownership training session before the purchase of your home is finalized. Anyone living in the region of Waterloo can participate in this program, including the City of Cambridge, the City of Kitchener, the City of Waterloo, and the Townships of North Dumfries, Wellesly, Wilmot, and Woolwich.








Windsor & Essex County First Time Home Buyer ProgramsHOME OWNERSHIP DOWN PAYMENT ASSISTANCE PROGRAM
The Windsor down payment assistance program traditionally offered a 20-year forgivable loan for 10% of the down payment on a house, but it is currently under review (but coming back!) for this year, so check their website if you’re interested in this program.




Simcoe County First Time Home Buyer ProgramsHOME OWNERSHIP PROGRAM
The County of Simcoe also offers a down payment assistance program aimed at helping low- to moderate-income renters purchase a home of their own and get out of the rental market and free up rental units.
This program also offers a 20-year forgivable loan of 10% of the down payment needed on a qualifying home valued at less than $462,645. As with other programs, the loan is interest free and does not need to be paid back unless you move out of the home before the 20 years is up. Some of the funding is put aside for Aboriginal renters under a twin program, but you must choose one program or the other.
If you are a renter in Simcoe County, including Barrie and Orillia, you may qualify if you meet these basic requirements:
  • You must qualify for a mortgage (apply at your bank or mortgage lender).
  • You must be a renter (Boarding and/or living with family does not qualify as a renter unless you are staying in a separate rental unit within the home that can be rented out upon your departure.).
  • You cannot currently own a home or have any vested interest in a residence/land.
  • You must have a combined gross household income at or below $75,100.
  • You must have no outstanding arrears with Social Housing in Ontario.
  • Your personal assets, including any gifting amounts from friends or family, savings, GICs, etc., cannot exceed $20,000. RRSPs of first-time home buyers count towards personal contributions, as they can be accessed for home purchases.?
  • You must be at least 18 years of age, a Canadian citizen, a landed immigrant, or have Refugee Claimant status.
  • You must supply photo identification and a birth certificate.


















Kingston First Time Home Buyer Programs

HOME OWNERSHIP PROGRAM

Low- to moderate-income renters in Kingston and elsewhere in the County of Frontenac could be eligible to take advantage of this program that offers a 20-year forgivable loan for 5% of the down payment on a home, up to a maximum amount of $15,000.
There are only 10 spots available for this year, so if you are a renter over 18 with a household income of less than $84,800 and would like to purchase a home priced at $300,000 or less, apply quickly! Be aware, though, that unlike similar programs, mobile homes do not qualify under this program.
Here are the basic qualifications for this program:
  • You must cover the rest of the costs associated with buying a house.
  • You must have the home inspected.
  • You must confirm that you continue to live in the home every year.
  • Your household assets must be less than $10,000.
  • You must be Canadian citizens, landed immigrants or have refugee claimant status.
  • You must qualify for a mortgage.
So if you’re interested in applying for this program, as with all programs, make sure you do your homework and keep all your supporting documents up to date and submit them all with your application to ensure you are not eliminated because of an incomplete application.

Lambton County First Time Home Buyer Programs

HOME OWNERSHIP PROGRAM

And would you believe it? The County of Lambton also offers a down payment assistance program. This one is again a 20-year forgivable loan for 10% of the down payment on a house valued at less than $215,000.
If you’re over 18, a renter in the County of Lambton with a household income of less than $84,100, and qualify for a mortgage, you could qualify!
Again, you need to have a home inspection done and you must be a Canadian citizen, permanent resident, landed immigrant, or a refugee living in the County of Lambton. Mobile homes don’t count for this program either.

Chatham-Kent First Time Home Buyer Programs

AFFORDABLE HOME OWNERSHIP PROGRAM

The Region of Waterloo wants to help renters become home owners, so they created this program that gives qualifying hopefuls a 5% loan to put towards their down payment. This loan is interest free and fully forgivable if you stay in your home for 20 years.
If you’re over 18 and renting, have a combined household income of less than $90,500, and want to buy a house worth less than $386,000 in the Waterloo region, you probably qualify!
There are only a few other existing qualifications:
  • You must qualify for a mortgage (apply at your bank or mortgage lender).
  • You must not own or have an interest in a home.
  • You must not owe money to a community housing landlord.
  • You must be a legal resident of Canada.
  • You must intend to have this home as your one and only residence (you cannot transfer or lease it to someone else).
Should you choose to apply for this program, make sure you have all your supporting documents. Both newly constructed and existing homes qualify for purchase, provided they are under the value threshold, but if you buy an existing home, it must undergo an inspection and you must pay for it. Mobile homes also qualify, but title to the land must be included in the purchase.
You must also complete a home ownership training session before the purchase of your home is finalized. Anyone living in the region of Waterloo can participate in this program, including the City of Cambridge, the City of Kitchener, the City of Waterloo, and the Townships of North Dumfries, Wellesly, Wilmot, and Woolwich.
Aspiring first-time home buyers that live in the Region of Peel, including Brampton, Caledon, or Mississauga, can apply for this program to help them achieve their goal. It offers a 20-year, interest-free, forgivable loan for 10% (up to $20,000) of the down payment on a home. In this program though, only existing homes qualify for down-payment assistance.
Take a look at the qualifications required to apply for this program:
  • You must have a total gross household income less than $88,900.
  • The maximum house price is $330,000.
  • You must be 18 years or older.
  • You must attend a mandatory information session.
  • You must be a Canadian citizen or have permanent resident status.
  • You must not own or have an interest in another residential property in Canada or elsewhere.
  • The home must be the sole and principal residence of the purchaser.
  • You must currently be renting in Peel and looking to buy a sole and principal residence.
  • You must be able to obtain a mortgage pre-approval from a bank/lender that is approved and insured by a mortgage default insurer such as Canada Mortgage and Housing Corporation (CMHC) and must submit it with your application.
  • You must be able to pay all additional closing costs.
  • You must supply all necessary documentation to the Region of Peel within the required timeframe.
To apply for this program, you must attend a mandatory information session. A home inspection for the home—that you have to pay for—is also mandatory.

Muskoka First Time Home Buyer Programs

MUSKOKA & GATEWAY HOME OWNERSHIP PROGRAMS

Do you think you’ll never be able to own a home because the down payment is just too far out of your reach?
The District Municipality of Muskoka, which includes the Townships of Georgian Bay, Lake of Bays, and Muskoka Lakes and the Towns of Bracebridge, Gravenhurst, and Huntsville, has your answer then. They offer TWO programs to help you reach your down-payment goals.
The first, the Muskoka Home Ownership program hasn’t opened up for applicants yet, but will before summer in this year, so check the website often for updates. The 2017 eligibility requirements are listed below, however.
  • Must be at least 18 years old
  • Total 2016 household income level must be below $81,100?
  • Household assets level must be less than $20,000 (includes: savings, GICs, RRSPs, gifts, and property or land but does not include RESPs or personal vehicles)?
  • Purchase price of the home can’t exceed at $295,000.00?
  • Can’t currently own or have a vested interest in land or property
  • Home must be the sole and principal residences of all applicants?
The second program, Gateway Muskoka, is a program developed as a legacy gift by a local couple who saw that modest-income folk could use a bit of help with the down payment on a home in the Muskoka area.
In this case, down payment assistance loans of up to $20,000.00 are available. The maximum purchase price of a home is $295,000.00. There are a limited number of loans available, so apply quickly!
You are expected to pay all closing costs—not with the down-payment loan—and a home inspection is required. You can find the eligibility requirements below:
  • Must be a household buying a sole and principal residence
  • Must provide proof of total household income at or below $80,100?
  • Must provide proof of total household asset level at or below $20,000 (includes savings, GICs, RRSPs for first-time home buyers, gifts, and property or land but does not include RESPs or items such as vehicles)
  • Can’t currently own a home or have any vested interest in a residence/land?
  • Must be at least 18, a Canadian citizen, landed immigrant, or have refugee claimant status
  • Must provide documentation showing mortgage pre-approval at time of application

Lanark County First Time Home Buyer ProgramsHOME OWNERSHIP PROGRAM

Lanark County also offers a program to give low- to modest-income aspiring home owners the opportunity to own their own home.
If you are over 18, a renter in Lanark County or The Town of Smith Falls, have a household income less than $87,800, qualify for a mortgage, and would like to buy a newly constructed or resale home less than $301,819 in Lanark County or the Town of Smiths Falls, you could take advantage of this program!
Funding is limited however, so applications are limited.
Dufferin County First Time Home Buyer ProgramsHOME OWNERSHIP PROGRAM
Prospective first-time home buyers in the County of Dufferin should jump on this program! It offers interest-free 10% down-payment assistance, up to $45,000, to eligible modest-income renters to help them buy a home.
This could be just what you need to see your home ownership dreams come true, as long as you meet these criteria:
  • Must be at least 18 years old
  • Must be renter households
  • Must be eligible for financing from a financial institution for the first mortgage
  • Home must be at or below $455,000
  • Home must be within the county of Dufferin
  • Home must be the sole residence and not used for rental income
  • Must have a gross current household income at or below $90,500

St. Thomas First Time Home Buyer ProgramsAFFORDABLE HOME OWNERSHIP PROGRAM

While St. Thomas also has a home ownership program aimed at helping renters buy their first home, there isn’t enough available information to list here. If you’re interested in learning more about it, call 519-631-9350 ext. 7154, 7143, or 7172.

Niagara City 

The Niagara Homeownership Program is designed to help low to moderate income households achieve affordable housing. 

They offer a no-interest 20-year forgivable loan to individuals who are currently renting. Down payment assistance is 5% not to exceed $19,537 on qualifying homes within Niagara. Eligible homes may be detached, semi-detached, townhome, duplex or condo but must be modest in size and features.

City Of Brantford

The City of Brantford and the County of Brant have partnered with the government of Canada to give first time home buyers easily-attainable access to affordable housing. 
Forgivable (20-year) interest-free loans are given to qualifying applicants seeking to purchase a home within the B-Home district. You can get up to 5% (maximum $16,710) of the closing price to be put towards a down payment for your new home.


Don't just dream of home ownership, let's help you make this dream come true.


MoneyValue Inc.
CANADA MORTGAGE BROKERS INC.
200 Consumers Rd, Suite 700
M2J 4R4, Toronto, ON
t: 416 822 5886
e: mortgage@moneyvalue.ca
www.moneyvalue.ca
FSCO Licence Number: M17003283

Sunday, August 11, 2019

Downsizing: How To Do It Right No Matter What Your Needs Are!

Downsizing: How To Do It Right No Matter What Your Needs Are!

Downsizing can come in many forms for different people; for first-time homebuyers, there may be an issue of too many belongings gathered over the years to fit into the new space, and no one wants to start their time in a new home with a lot of clutter. For seniors, it’s usually all about moving into a smaller home and reducing possessions for greater ease of living. 

Fortunately, there are many easy ways you can downsize and still keep all the things that are important to you, whether you’re buying your first home or are looking for something a little smaller. The key is to start with a great plan and know exactly what you want before you begin looking; read on for the best tips on how to get started.

Know what you want and need
Finding the right home is the first step in downsizing, and depending on your needs, that may take a little while, so it’s important to stay patient and make a list of things you want but can live without as well as deal breakers. For seniors or individuals with special health considerations, downsizing often means finding a home that has no stairs, a small yard to take care of, and an accessible kitchen and bathroom; however, if you find a home you like that needs a little work, there are modifications that can be done for a price. You’ll want to talk to a local contractor and get estimates before making any decisions. Most importantly, talk to your trusted realtor about your concerns and your needs when looking at homes in Peoria and surrounding areas. 

Clear out the clutter
Many young homeowners find that their collections--books, DVDs and Blu-rays, and CDs and records--take up a lot of room they just can’t afford to lose in the new place. If this is the case for you, clear out the clutter and downsize your collections by going through them and weeding out the items you can live without. Special editions or favorites can be put to the side, but the items you don’t use often can be donated to the local library or sold to used bookstores. In fact, the library is a great place to go for these items rather than buying more.

Paperwork and documents can often be digitized, but if you’d rather have physical copies on hand, it’s best to get them organized to keep them from contributing to the clutter. Create a filing system and get everything neat; a large set of folders can help with this (which costs less than $20 at Walmart). Go through closets as well, and take out any outgrown or unused clothing and accessories to donate. It’s best to do this at least twice a year, especially if you have children who grow out of things rapidly.

If you need help with getting your items in order, hiring a professional organizer is a good option. This professional can take care of all your organizational needs, from sorting the bills to figuring out ways that you can keep your entire home clutter-free. The average national cost of hiring a professional organizer is $482, so make sure there’s room in your budget for this service.

Make the moving process go smoothly
One of the most difficult parts of downsizing is the actual move, especially if you’ve had to part with many of your belongings in an emotional process. Help make it go as smoothly as possible by making sure you have the right movers for the job, and keep communication open with friends and family so they can help out when the big day arrives. Prepare for the chaos of the day by having pets tended to by a friend, staying hydrated, and remembering to eat. 

While any move can be frustrating, try to look at this next chapter of your life with excitement and joy. Downsizing can mean a much easier path in life, no matter your age or goals, and with a good plan, you’ll be able to keep stress and anxiety at bay.

Hazel Bridges
www.agingwellness.org