WHY TRAVEL INSURANCE?

Why Travel Insurance?

Travel insurance is always important, to ensure you, your family or visitors to Canada would be protected for emergency medical expenses and many other unforeseen costs during a trip. Without it, travellers can be left to deal with large out-of-pocket expenses.
Single-Trip Emergency Medical: Up to $5 million in emergency medical coverage for one particular trip.
Single-Trip All-Inclusive: Includes emergency medical, trip cancellation & trip interruption, baggage loss, damage and delay, and flight and travel accident.

Single-Trip Travel Canada Emergency Medical: Provides the emergency medical plan at 50% off the premium when all travel is within Canada.
Multi-Trip Emergency Medical: Eliminates the need to apply for coverage every time you travel. Take an unlimited number of trips within one year, of the duration of your choice, with up to $5 million of emergency medical coverage. Trip duration options include 10, 18, and 30 days.
Multi-Trip All-Inclusive: Includes emergency medical, trip cancellation, trip interruption, baggage loss, damage and delay and flight and travel accident - for an unlimited number of trips within one year, of the duration of your choice. Choose from durations of 10, 18 or 30 days.
Trip Cancellation & Trip Interruption: Protects the investment you made in your trip against unforeseen events that may happen prior to, or during, the trip. Included in all inclusive plans or it can be purchased as a stand-alone plan.
Emergency Medical Top-Up: Additional coverage for those times when coverage under a multi-trip plan doesn’t last long enough to cover your entire trip.

PURCHASE ONLINE HERE

Best Health & Dental Plan

Lock in 2017 rates! Apply by September 30, 2018.

Manulife Health & Dental coverage represents some of the best insurance values available in Canada! Plus, apply by September 30, 2018 to lock in 2017 rates for a full year.

Start saving now:

• Your existing health plan may not cover all of your health care costs
• You may be self employed and require coverage for yourself and family
• With Manulife Health & Dental coverage, you can save on expenses such as prescription drugs, dental care, homecare, vision care and more
• Get exclusive low rates and savings
• Starter Plan offers guaranteed acceptance with no medical questions at time of application
• Build your own plan, with Essential and Enhanced Plans. Options to add include enhanced travel insurance, enhanced vision care, dental coverage and hospital coverage

Don’t miss out on 2017 rates! Apply by September 30, 2018.

 CLICK APPLY ONLINE NOW

HOME INSPECTION CHECKLIST

Unless it’s a glaring flaw or you’re a trained professional, you probably can’t tell if your home needs repairs. The home inspection is one of the most critical pieces of the buying and selling process. It’s good to know what to look for before any inspection. If you’re buying, you’ll have a better idea of what the inspector is looking for and if he or she misses anything. If you’re selling, you can have an idea of what to fix before your home goes on the market. It will take away the chance of surprises. 

WANT TO KNOW MORE?

GET THE FULL LIST

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Contact me for all of your mortgage needs.
Visit: https://moneyvalue.ca 

Why Customers Need Travel Insurance for Their Family Cruise Vacations

For busy Canadian families, cruises continue to be a popular travel choice—providing an effortless way to see the sights and reconnect with one another. Although cruising is a safe choice, it comes with unique risks. Negotiating connecting flights and stopping in various ports can increase your customers’ chances of having a disrupted or interrupted trip. As well, traveling in tight quarters can increase their chances of getting sick.

Cruisers have a few options when it comes to travel insurance. Use these points as a guide.

Emergency Medical Insurance

Cruise ships have resident doctors to handle minor medical issues, but for emergencies, passengers will be treated at a medical facility on land. As provincial health care won’t cover the costs, Emergency Medical Insurance is essential to cover costs like:

• Emergency transportation
• Hospital and doctors’ fees
• Prescriptions and medical supplies, like crutches
• Out-of-pocket expenses like meals, transportation or accommodation (if travelling companion is hospitalized)

Tip: Family Travel Insurance is an economical choice

Families of two or more may want to get a family travel insurance plan. It covers the entire family on one plan.

Trip Cancellation & Trip Interruption Insurance

With all those connections, you might want Trip Cancellation & Trip Interruption Insurance as well. It can cover non-refundable costs like airfares, hotels, or even their cruise.

• Trips cancelled before travellers are scheduled to leave
• Interrupted trips while on vacation
• Available in a Multi Trip Annual plan for those who take more than one trip per year

All Inclusive Holiday Package

If you want it all in one convenient package, recommended is an All Inclusive Package to travelers. This includes:

• Emergency Medical Insurance
• Trip Cancellation & Trip Interruption Insurance
• Accidental Death and Dismemberment Insurance
• Baggage Insurance and more

Now you  are all set to sail! And if you experience a travel delay, an accident or medical emergency while cruising, you can relax knowing you’re covered.  

Please Visit: https://moneyvalue.ca

SECOND MORTGAGE

SECOND MORTGAGES up to 95% LTV for:

1. Debt Consolidation

2. Purchase Assist (Help with Down Payment)

3. Equity Takeout (Cash for whatever reason)

LENDING GUIDELINES:

• up to 95% LTV*
• Loan amount: $10,000 - $250,000
• Interest rate: Starting at 12.99%
• Income: Employed, Self employed (Self-declared income welcome);
• Credit:  BEACON SCORE or RATIOS (TDS/GDS) are NOT CONSIDERED;
•  
• Property types: Principal residences, Rentals, Principal residence with
• rentals (max 6 units)
  
  Note:
  
  *The maximum LTVs are only offered to the borrowers with excellent payment history and on approved properties and locations.
  *Appraisals are paid by borrowers. Appraisals are directly ordered by the lender. A refund of appraisal cost for the maximum of $400.00 is provided to borrower upon closing only.

Case Study 4

Case Study A separated spouse successfully refinanced her marital home for 80% LTV. The 1 year term was offered at a rate of 4.99% and allowed her to buy out her ex-husband and repay $15k in consumer debt. She and her children now have a fresh start with an improved cash flow.  Property Well situated property Legal separation agreement Title transfer from ex-husband  Income 10 year job stability Salaried income Credit Beacon of 580 GDS/TDS was 35/36% and under the new stressed debt service ratio was 45%

No matter your situation we will find a mortgage solution to help. Tell us your story so we can help you find an alternative mortgage solution. If you have any questions regarding this case study, or if you want to discuss a specific deal scenario, do not hesitate to contact me. Visit: https://moneyvalue.ca

Case Study 3

Case Study Sole proprietor of a bookkeeping company had applied to get a three year mortgage at 80% LTV. He bought a cottage 5 years ago and reached his credit limits renovating it. This home improvement venture lowered his beacon score to 600. Purpose ·  Refinance home to pay off debts of $70K, save on monthly expenses, and improve cash flow Borrower ·  Income of $130K ·  GDS/TDS of 31/38% with a stressed TDS of 44% Property ·  $700,000 appraised value ·  Good condition, well maintained property ·  Suburban area ·  Average DOM: 15 Income Qualification Broker included the following documents to qualify the $130K self employed income: ·  Signed Income Declaration form by owner: Gross Revenue (annualized from bank statements) $203,000 Annual Expenses $73,000 Salaries and wages (not including your own salary/drawings) 10,000 Office Lease  15,000 Travel and Car  10,000 Cost of Goods/Material 28,000 Phone & Advertising 10,000 Qualifying Income (Revenue - Expenses) $130,000 ·  6 months business bank statements ·  6 recent contracts/invoices ·  Copy of business licence ·  Statutory declaration from the lawyer showing no taxes owing ·  HST/PST/GST # to indicate that no taxes were outstanding Deal Rationale  client was able to pay off all his debts of $70K with enough leftover to start improvements on his primary residence. He saved $1,000 per month by consolidating all his debt into one mortgage.

Mom, Dad, and Money 101: Financial Planning for Parents

According to Kerri Anne Renzulli at Money, Americans under 35 carry a total debt of $67,400. Between ages 34 and 44, however, that figure nearly doubles! What happens? A number of things: couples start having more children, education expenses increase, they move into a larger house and probably get newer cars, credit card debt grows, and more. In the midst of all of that, parents too often forget the necessity of basic financial planning: creating a family budget, becoming disciplined about spending, paying down consumer debt, and finding ways to cut costs on everything from utilities to family entertainment.

Finances are often a stress point for many families, but parents can minimize that stress with a financial plan that includes determining their current net worth and following a strict budget. Here are four things parents should consider when making a financial plan.

Determine Your Net Worth

Net worth is the difference between what you own and what you owe. You first list your assets,  the value of everything you own, including the cash you currently have on hand (and any in savings or retirement accounts), your cars, the current market value of your home, any personal property such as jewelry, and the cash value of any whole life insurance policies you have. Then, list your liabilities, the balances (what you owe) on your mortgage, car loans, student loans, credit card and other consumer loans, and other money you might owe. Subtract the liabilities from assets. The result is your net worth. The key to improving your finances is to increase your assets and decrease the liabilities. And for that, you need a family budget.

Create a Family Budget

For some parents, actually seeing where the money goes can be a huge reality check -- but that’s the whole point. You need to become realistic about what happens to your money if you want to increase your net worth. Financial expert Dave Ramsey suggests you set what’s called a “zero-sum” family budget, where you list your total income (both spouses and any extra money that comes in), all of your monthly expenses, and then subtract expenses from income. The result should be zero. Following this kind of budget makes you and your family accountable for every dollar spent. Regardless of the type of household budget you create, it takes plenty of discipline to follow it. Tim Herrera of The New York Times says the best budget is the one that you’ll stick with. And that involves making sacrifices and looking for ways to save money.

Live the Plan

That hard look you’ll take at your monthly expenses will reveal plenty of places where you can save money. Look for a less-expensive cell phone plan, one that involves a discounted family rate. Also, aim for a less expensive cable or satellite TV plan, or consider eliminating them altogether. Look for ways to cut back on your utilities, or take advantage of their budget plans. You can easily blow your budget by eating out a lot, so cook at home more often. If your family has a dedicated pizza night, for example, don’t order out. Stock up on frozen pizzas instead, or learn to make your own! Brown bag your lunch for work, and use mass transit to get to and from work, if it is convenient. All in all, every single penny you can save, and every one you can account for, goes toward increasing your net worth and saving you money.

Managing money can definitely become less stressful once a plan is in place. The trick is, of course, getting started. But with some discipline and a willingness to take a hard look at where money comes in and where it goes, parents can get their household finances in good shape. 

By Sara Bailey

Photo Credit: Pixabay.com